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Personal Loan: Are there any fees?

Personal loans made through Upgrade feature Annual Percentage Rates (APRs) of 7.74%-35.99% and a 1.85%-9.99% origination fee, which is deducted from the loan proceeds. Lowest rates require Autopay and paying off a portion of existing debt directly. For certain discounts, collateral may be required. Repayment terms from 24 to 84 months. For example, if you receive a $10,000 unsecured 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 and would have a required monthly payment of $341.48. Over the life of the loan, your payments would total $12,293.46. The APR and other terms of your loan may vary and you may not be presented with multiple offers. If offered, your loan terms, including your rate, will depend on credit score, credit usage history, loan amount, and other factors. Late payments or other fees, as noted in your Borrower Agreement, may increase the cost of your fixed rate loan. Certain loan offers may not be available in all states.

Upgrade will never ask you to send us money via wire transfer, Western Union, gift card, or prepaid card. For any failed electronic or check payment attempt(s) for issued loans, you will be charged a $10 fee. Your bank may assess its own fee in addition to the fee we assess. You may also incur a late fee of up to $10 if your full payment is not received within 15 calendar days of your due date. This late fee is assessed once per late payment.

If your loan is secured by your car, a one-time title transfer fee may be deducted from your loan amount. The amount is determined by your local motor vehicle agency, and Upgrade does not keep any portion of government filing fees.

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