Press Room

Upgrade, Inc., a consumer credit platform that combines personal loans with tools that help consumers understand and monitor their credit, announced that it has been named #1 in the personal loans category for the fourth quarter of 2017 by LendingTree.

LendingTree’s rankings are based on a weighted average of overall rating and the total volume of customer reviews and feedback. Lenders were rated on offered rates, fees, closing costs, and overall customer experience. The list features the top lenders each quarter in multiple loan product categories, including mortgages, personal loans, business loans and auto loans.

“We’re honored to be recognized as the number one personal loan option based on reviews by LendingTree customers,” said Renaud Laplanche, co-founder and CEO of Upgrade, “We’ve worked hard to craft a rewarding experience that goes beyond the immediate benefit of a loan and includes credit education and monitoring features that truly help our customers get to a better place over the long run.”

“Upgrade has quickly emerged as an innovative player in the industry and has proven that they are dedicated to delivering an exceptional customer experience,” said Jamie Saxe, SVP, GM of Non-Mortgage Lending at LendingTree, “We’re thrilled to name Upgrade the #1 winner in the personal loans category on LendingTree's Top Rated Lender List in Q4 2017.”

Upgrade offers access to personal loans up to $50,000 with low fixed rates, affordable fixed monthly payments, and no prepayment penalties. Consumers can apply online and get a decision in seconds.

Upgrade launched in April 2017 and has over 200 team members spread across its San Francisco, California headquarters, Phoenix, Arizona operations center and Montreal, Quebec, Canada development center. All loans originated through the Upgrade platform are issued by WebBank, Member FDIC.

About Upgrade

Upgrade is a new consumer credit platform that combines personal loans with credit monitoring, alerts and credit education tools that help consumers better understand and monitor their credit and unlock their credit potential. Upgrade is headquartered in San Francisco, California. Upgrade does not facilitate loans to residents of Connecticut, Colorado, Iowa, Maryland, Massachusetts, Vermont and West Virginia. More information is available at: https://www.upgrade.com.