Top-quality personal loans strike a balance between offering economical interest rates, adjustable loan amounts, and a vast selection of terms. This article presents a comparative analysis of Upgrade’s personal loans against other well-liked lending firms:
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Pitting Upgrade Against SoFi®
Personal loans extended by SoFi begin at $5,000 and can go up to a whopping $100,000, depending on the purpose of the loan. These figures are significantly more generous than what Upgrade extends. SoFi’s APRs commence at 8.99% with autopay, a rate in close competition with Upgrade’s starting rates, but cap at 29.99% with autopay. Another advantage of SoFi over Upgrade is the absence of origination fees.
Read More: SoFi Personal Loans Review
Upgrade in Comparison to LightStream
LightStream personal loans span from $5,000 to $100,000. Further, for certain loan purposes, APRs start below 3% with autopay. Such attributes make LightStream’s loan offerings more adaptable – and economical – for the most creditworthy borrowers in need of a sizeable loan at market-leading rates.
Like Upgrade, LightStream’s loan tenures start at a mere two years. However, LightStream goes the extra mile by allowing wide-ranging loan terms of up to 12 years, contingent on loan amount, purpose and credit profile. Besides, LightStream waives origination fees, significantly bringing down the total cost of securing a loan in comparison to Upgrade.
Read More: LightStream Personal Loans Review
Upgrade Versus Marcus
Marcus, like Upgrade, offers smaller personal loans, ranging between $3,500 and $40,000. The introductory rates hover around 7% – a tad lower than the minimal APR offered by Upgrade. These rates peak at about 20%, which is substantially lower than the maximum rates extended by Upgrade. Additionally, Marcus levies no origination or late fees. Despite these benefits, Marcus sets the bar higher with a recommended credit score of at least 660.
Read More: Marcus Personal Loans Review
Prominent Partners
APR range
8.99% to 29.99%
Loan amounts
$5,000 to $100,000
Loan amounts
$5,000 to $100,000
