Upgrade Personal Loan
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$1K-$50K, APR 8.49-35.99%, 1-9.99% origination fee, fair credit accepted. Best for fair-credit borrowers.
🪜 Best for fair credit
Apply at upgrade.com. They use Plaid for income verification, which speeds funding. Loans for credit-card consolidation are paid directly to your creditors if you choose that option.
Upgrade is the realistic option for fair-credit borrowers (640-700 FICO). APR range 8.49-35.99%, $1K-$50K loan size, fast 1-4 day funding. The catch is the 1.85-9.99% origination fee, which is deducted from the loan proceeds — on a $20K loan, you receive $18,000-$19,630 in your account. Calculate the effective APR including the origination fee before comparing to no-fee lenders.
Pros
- Accepts fair-credit applicants (640+ FICO)
- Loans as small as $1,000
- Fast 1-4 day funding
Cons
- 1.85-9.99% origination fee
- Effective APR with fees is 1-3% higher than advertised
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