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Great Personal Loans Upgrade

Whether you want to consolidate credit card debt, pay for a wedding, book a trip to Paris or fund a major purchase or home improvement, a personal loan from online lender Upgrade might be a good fit.

Is an Upgrade personal loan right for you?

Upgrade offers 36-month or 60-month fixed-rate personal loans, which generally range from $1,000 to $50,000, in 44 states. Upgrade loans are not available in Colorado, Connecticut, Iowa, Maryland, Vermont and West Virginia.

You can repay your Upgrade personal loan over three or five years. Interest rates range from 7.99% to 35.89% APR and are based on your creditworthiness.

Upgrade offers fixed-rate personal loans of up to $50,000 to borrowers with fair credit or better.

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You won’t pay a fee if you choose to pay off your loan early. However, Upgrade deducts anywhere from 1.5 percent to 6 percent of your loan funds up front as a one-time origination fee. Here’s what you need to know before you apply.

Upgrade was founded in 2016 and offers both personal loans and personal lines of credit. Upgrade borrowers also get access to free credit monitoring tools, credit alerts and educational resources to help them learn about how to use credit responsibly.

If Upgrade doesn’t approve your application, consider reaching out to the lender to find out the specific reasons for the denial.

Before you accept an offer with Upgrade, though, take a few minutes to compare the quote you receive with other personal loan rates from top lenders.