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5 personal loans like Upgrade

These online lenders offer quick loans to fair credit, often at a lower cost.

Upgrade offers fast online loans that prioritize cash flow over your credit score when you apply. They’re a good option if your credit is less-than-perfect, but you have at least $1,000 in income after expenses each month.

It’s flexible about repayments, with a hardship program that allows you to change your due date. But its rates are on the high end, running from 6.94% to 35.97% APR. And origination fees run as high as 8%.

These alternatives offer similarly fast loans to fair credit borrowers. Some have lower rates and fees and others may be more flexible when it comes to cash flow.

5 top alternatives to Upgrade personal loans

Best for your first loan

Upstart personal loans

4.15 / 5

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on Upstart Personal Loans's secure site

Both Upstart and Upgrade work with borrowers who have fair credit and offer similar rates and fees. The main difference is that Upstart is a little more expensive and can accept lower credit scores, depending on where you live. But if you've never taken out a loan before, you may find a better deal with this provider than upgrade. This online lender looks at your career and education when you apply for a loan.

  • Holistic underwriting that factors in education and career
  • Accepts 580 credit scores in some states
  • Loans as low as $1,000
  • Origination fee up to 8%
  • High starting APR of 8.27%
  • Average APR is a high 35.99%
Loan Amount$1,000 – $50,000
APR7.68% to 35.99%
Interest Rate TypeFixed
Min. Credit Score580 or 600 depending on state of residence
Turnaround Time1 to 3 business days
Maximum Loan Term5 years
Minimum Loan Term3 years

Best for building credit

LendingPoint personal loans

3.3 / 5

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on LendingPoint's secure site

This online lender accepts credit scores as low as 585 with relatively low fees compared to Upgrade. It offers the option for bimonthly repayments to fit your pay schedule, which can help you stay on track. The maximum loan is only $25,000 — but you may struggle to qualify for a higher amount before building up your credit score.

  • Accepts 585 credit scores
  • Maximum origination fee of 6%
  • Bimonthly payment option
  • High starting APR of 9.99%
  • No loans over $25,000
  • Payments every 28 days
Loan Amount$2,000 – $36,500
APR9.99% to 35.99%
Interest Rate TypeFixed
Min. Credit Score585
Turnaround TimeAs soon as 1 business day
Maximum Loan Term4 years
Minimum Loan Term2 years

Best for fair credit

Peerform personal loans

3.2 / 5

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on Peerform's secure site

Peerform is a peer-to-peer platform that accepts borrowers with credit scores as low as 600 with a relatively low starting rate of 5.99% APR. Its origination fee is also low, especially compared to other peer-to-peer platforms. But it offers a small range of funding, from $4,000 to $25,000. And it can take days to get your funds.

  • Low minimum credit score of 600
  • Rates from 5.99% to 29.99% APR
  • Live chat on website
  • Limited range of loan amounts
  • Longer turnaround than upgrade
  • Origination fee on all loans
Loan Amount$4,000 – $25,000
APR5.99% to 29.99%
Interest Rate TypeFixed
Min. Credit Score600
Maximum Loan Term5 years
Minimum Loan Term3 years

Best for when you already have debt

Prosper personal loans

3.42 / 5

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on Prosper Funding LLC's secure site

Prosper is a peer-to-peer platform that accepts people with relatively high debt-to-income ratios (DTI). Where most lenders require a DTI of 43% or below, Propser will go as high as 50%. This makes it a good option for debt consolidation. But its origination fee starts at a high 2.41%. And you must have a 640 credit score or higher.

  • Accepts DTI as high as 50%
  • Some fair credit borrowers qualify
  • Special medical financing program
  • Origination fee starts at 2.41%
  • Turnaround of up to 5 business days
Loan Amount$2,000 – $40,000
APR7.95% to 35.99%
Interest Rate TypeFixed
Min. Credit Score640
Turnaround TimeUp to five business days
Maximum Loan Term5 years
Minimum Loan Term3 years

Best for customer satisfaction

Best Egg personal loans

3.8 / 5

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on Best Egg's secure site

This online lender gets rave reviews from customers. It also has relatively low rates from 5.99% to 29.99% and fees that are lower than Upgrade — but not the lowest available. It accepts fair credit, though you'll need a 640 credit score to qualify. And you're limited to loans from $2,000 to $35,000.

  • Stellar customer reviews
  • Low APRs from 5.99% to 29.99%
  • Accepts some fair credit borrowers
  • Origination fee as high as 6.99%
  • Limited range of loan amounts
Loan Amount$2,000 – $50,000
APR5.99% to 29.99%
Interest Rate TypeFixed
Min. Credit Score600
Turnaround TimeAs few as 1 business day(s)
Maximum Loan Term5 years
Minimum Loan Term3 years

Compare more personal loans

Select your credit score range and state to see more lenders that might be available to you.

Name Product Filter Values APR Min. Credit Score Loan Amount
BHG personal loans
Accepts fair credit
$20,000 – $200,000
Best Egg personal loans
5.99% to 29.99%
$2,000 – $50,000
A prime online lending platform with multiple repayment methods.
SoFi personal loans
5.99% to 19.63%
$5,000 – $100,000
A highly-rated lender with competitive rates, high loan amounts and no fees.
Credible personal loans
2.49% to 35.99%
Fair to excellent credit
$1,000 – $100,000
Get personalized rates in minutes and then choose an offer from a selection of top online lenders.
Monevo personal loans
3.49% to 35.99%
$500 – $100,000
Quickly compare multiple online lenders with competitive rates depending on your credit.
Tally+ Express
7.9% to 29.99%
$2,000 – $30,000

Only available for Line of Credit and Debt consolidation

Upgrade personal loans
5.94% to 35.97%
$1,000 – $50,000
Affordable loans with two simple repayment terms and no prepayment penalties.
LendingClub personal loans
8.05% to 35.89%
$1,000 – $40,000
A peer-to-peer lender offering fair rates based on your credit score.

Compare up to 4 providers

How Upgrade compares

You can find out more about how Upgrade works by reading our review. But in the meantime, here are the highlights.


  • Get up to $50,000
  • Blockchain technology means faster, safer applications
  • Helps you track your credit score
  • Offers loans and personal credit lines
  • No prepayment penalties


  • Not available in CT, CO, IA, MA, MD, VT or WV
  • Origination fee of 2.9% to 8%
  • Difficult to qualify if self-employed
  • Can’t use it to pay for college or investments
  • Must have $1,000 to spare each month to qualify

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