Upgrade Personal Loan Verification | The climb

Top perks

Low minimum loan amount: With the upgrade, you can borrow only $ 1,000 or $ 35,000. Few other personal loan providers are available with such a low minimum, so it is well suited if you don’t need large amounts of money. The maximum personal loan amount is also higher than many of its competitors, so whether you need to borrow a little or a lot is a wise choice.

Check your prices without affecting your balance: You’ll need to provide your Social Security number to get an offer of upgrade so it can check your creditworthiness, but it does a gentle check on your credit report that doesn’t lower your creditworthiness at all. This is ideal if you’re not ready to commit to a single personal loan provider and start looking for the best deal.

Receive your money within one business day: Once your application has been approved and your information has been verified, Upgrade will transfer the amount to the bank account you specified within one working day. However, it can take up to four business days for your bank to provide you with your funds, depending on how quickly the transaction is processed.

No prepayment fees: Upgrade will not charge you any additional fees if you choose to repay your loan before the three or five year repayment period you originally signed up for.

Autopay discounts: Customers with upgraded personal loans who sign up for auto-payment receive a discount on the interest rate on their loan, which can save them money over the life of the loan.

Automatically secured loans available: While upgraded personal loans do not require collateral, the lender offers some customers the option to lower their interest rate or improve their chances of getting a loan approval by offering their vehicle as collateral. If you choose to, Upgrade will take into account the current value of your car when evaluating your application and will require you to send the title of your car to the company to complete the loan. It’s not an option that everyone will be interested in, but it may appeal to those who are struggling to get an unsecured personal loan elsewhere.

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