Upgrade is an online lending platform that offers personal loans, personal credit lines and free credit monitoring. The company launched in April 2017 and raised $60 million in Series A funding - the largest ever Series A investment in a US fintech company. Upgrade was named a "Best Place to Work in the Bay Area" by the San Francisco and Silicon Valley Business Journal in 2018. Upgrade offers personal loans up to $50,000 with low fixed rates, affordable monthly payments and no prepayment fees. Its one-page online application is quick and easy, and you’ll get a decision in just seconds - with no negative impact on your credit score. With repayments plans of either 36 or 60 months, you get to choose the loan that fits your budget and timeline. After approval, your loan will be funded the next day and you can use your funds to pay off credit cards, for major purchases or home improvement. Upgrade's Personal Credit Line is a completely new product that has never been offered before, designed to combine the low cost, fixed rate and monthly amortization of personal loans with the flexibility and utility of lines of credit typically obtained through credit cards. The monthly balance turns into an installment loan that teaches customers the discipline of paying down the principal every month over two, three or five years.
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