March 23, 2024

The best personal loans offer competitive rates, flexible loan amounts and a wide range of terms. Here’s how Upgrade personal loans stack up against other popular lenders:

Upgrade Vs. SoFi

SoFi personal loans start at $5,000 and go up to $100,000 based on loan purpose—much larger than loans available through Upgrade. APRs start around 6% with autopay, which is similar to the starting rates offered by Upgrade, but SoFi’s rates peak around 20% with autopay. SoFi’s loans are also appealing because, unlike Upgrade, the lender does not charge any origination fees.

Related: LightStream Personal Loans Review

Upgrade Vs. LightStream

LightStream personal loans range from $5,000 to $100,000, and APRs start below 3% with autopay for certain loan purposes. This makes LightStream loans much more flexible—and affordable—for the most qualified borrowers who need a large loan at competitive rates.

Like Upgrade, loan terms start at just two years, but LightStream offers more extensive terms ranging up to 12 years depending on loan size, purpose and creditworthiness. What’s more, LightStream does not charge origination fees, which further reduces the overall cost of a loan, especially as compared to Upgrade.

Related: LightStream Personal Loans Review

Upgrade Vs. Marcus

Like Upgrade, Marcus offers smaller personal loans from $3,500 to $40,000. Rates start around 7%—slightly higher than Upgrade’s minimum APR—but they max out at around 20%, which is…

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