[Contractors Only] Upgrade Home Improvement Marketing Disclosures

Upgrade Home Improvement

Terms & Conditions

Last Updated: March 17th, 2026

Loans are subject to credit approval. Home Improvement Loans offered through Upgrade are made by Cross River Bank, Member FDIC, Equal Housing Lender. Upgrade, Inc. (NMLS #1548935) holds the following state licenses.

Home Improvement Loans made through Upgrade feature Annual Percentage Rates (APRs) of 0.00%-29.99%. Lowest rates require Autopay. Loans feature repayment terms of 2 years to 15 years. Loans may be disbursed in one or more advances. Actual loan terms may vary depending on, among other things, the exact number of advances, the amount of each advance, the date on which each advance will occur, and if a promotional plan applies.

Fixed Rate:

¹For example, if a borrower receives a $10,000 loan with a 10-year term and a 6.99% Annual Percentage Rate (APR) and the loan is disbursed in 2 advances (20% on Day 1 and 80% on Day 90), the borrower will have a required monthly payment of $116.06.

0% APR:

²For example, if a borrower receives a $10,000 loan with a 10-year term and a 0% Annual Percentage Rate (APR) and the loan is disbursed in 2 advances (20% on Day 1 and 80% on Day 90), the borrower will have a required monthly payment of $83.33.

Deferred Interest with Payments during Promotional Period:

³For example, under this promotional plan (i.e., payments are required monthly during the 12 months promotional period beginning after we disburse the first advance, and interest accrues during the promotional period but is waived if the loan is paid in full before the end of the promotional period), if a borrower receives a $10,000 loan with a 10-year term and a 29.49% Annual Percentage Rate (APR), the loan is disbursed in 2 advances (20% on Day 1 and 80% on Day 90), the borrower will have a required monthly payment of $210.80 during the promotional period. During the promotional period, payments will be applied to the outstanding principal amount, but paying only the required monthly payment amount will not repay the loan amount in full. If the loan is not paid in full by the end of the promotional period, interest accrued during the promotional period will be added to your monthly payment on a pro-rata basis for the remainder of the loan term, and the borrower will have a required monthly payment of $228.93 after the promotional period ends. If the loan is paid in full before the end of the promotional period, all interest accrued during the promotional period will be waived.

Deferred Interest Without Payments during Promotional Period:

⁴For example, under this promotional plan (i.e., no payments required during the 12 months promotional period beginning after we disburse the first advance, and interest accrues during the promotional period but is waived if the loan is paid in full before the end of the promotional period), if a borrower receives a $10,000 loan with a 10-year term and a 29.49% Annual Percentage Rate (APR), the loan is disbursed in 2 advances (20% on Day 1 and 80% on Day 90), and the loan is not paid in full before the end of the promotional period, the borrower will have a required monthly payment of $279.66 after the promotional period ends. All interest accrued during the promotional period will be included in your monthly payment on a pro-rata basis for the remainder of the loan term if the loan is not paid in full by the end of the promotional period. If the loan is paid in full before the end of the promotional period, all interest accrued during the promotional period will be waived.

No Interest and No Payments during Promotional Period:

⁵For example, under this promotional plan (i.e., no payments required and no interest charges for a 12 months promotional period), if a borrower receives a $10,000 loan with a 10-year term and a 29.49% Annual Percentage Rate (APR) and the loan is disbursed in 2 advances (20% on Day 1 and 80% on Day 90), the borrower will have a required monthly payment of $259.86 after the promotional period ends.

No Interest during Promotional Period:

⁶For example, under this promotional plan (i.e., no interest charges for a 12 month promotional period, but payments are required monthly), if a borrower receives a $10,000 loan with a 10-year term and a 29.49% Annual Percentage Rate (APR) and the loan is disbursed in 2 advances (20% on Day 1 and 80% on Day 90), the borrower will have a required monthly payment of $218.01.

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