27/09/2021
17h18
Documents necessary for the application of Upgrade Personal Loan
- Copy of government-issued identification
- Recent pay stubs
- Bank account information for direct deposit
- W-2 form, tax return, and employer name and contact details
Interest and Administration fees
Personal loans made through Upgrade feature Annual Percentage Rates (APRs) of 7.74%-35.99%. All personal loans have a 1.85% to 9.99% origination fee, which is deducted from the loan proceeds. Lowest rates require Autopay and paying off a portion of existing debt directly. Loans feature repayment terms of 24 to 84 months. For example, if you receive a $10,000 loan with a 36-month term and a 17.59% APR (which includes a 13.94% yearly interest rate and a 5% one-time origination fee), you would receive $9,500 in your account and would have a required monthly payment of $341.48. Over the life of the loan, your payments would total $12,293.46.
Qualified applicants can borrow $1,000 to $50,000 with a personal loan through Upgrade.
Procedure for the loan application
- Check Your Rate
- Apply online in minutes and see your rate with no obligation or impact to your credit score.
- You’ll know at the end of your application whether you’ve been approved.
- Choose Your Loan*
- Review multiple loan options and decide which offer is best to help you achieve your financial goals.
- Fast Funding
- Accept your loan offer and you should get your money within one business day of clearing necessary verifications. Funds availability depends on your bank’s transaction processing time and may take up to 2 weeks if sent directly to third party creditors.
