Upgrade your home now, pay for it over time

With Upgrade, you can quickly see your rate and how much you qualify for within minutes of filling out an application online, and the funds for your unsecured personal loan are directly deposited into your account within days of accepting your offer and fulfilling necessary verifications.† Plus, a personal loan can provide you with a low fixed rate and fixed monthly payments, so you know how much to budget each month and can circle the date on the calendar when the loan will be fully paid.

With a home equity loan or HELOC, you use the value of your home as collateral, which means you have to first go through the process of getting an updated home appraisal and complete extra paperwork to know how much you qualify for. Plus, using the equity in your home can work against you if property values in the area decline. With a HELOC, you're issued a line of credit based in part on the difference between your home value and mortgage principal, and the rates on HELOCs may be adjustable, which means your HELOC payments may increase after you receive your money.

Read more about the pros and cons of a personal loan, home equity loan, or other financing options.

A personal loan for home improvement: You can apply for a personal loan through Upgrade and can choose to use that money to improve your home. You may also be able to take advantage of our discount for homeowners by securing your loan with your home’s built-in fixtures, like cabinets, shelving, and light fixtures. Your home won’t be used as collateral.

Upgrade Home Improvement financing: Upgrade partners with residential contractors to offer financing options. If you’re working with a contractor who partners with Upgrade you can apply for financing through that contractor.

Credit cards often have high variable interest rates that can increase at any time. This can make it hard to know the true cost of a project and predict when you'll be able to pay it off. When a specific project cost is mixed in with other living expenses, it can become even more difficult to plan when it'll be paid off or even recognize when, or if, it has. With a personal loan through Upgrade, we eliminate those surprises. A personal loan can provide you with a low fixed rate and fixed monthly payments, so you know how much to budget each month and can circle the date on the calendar when the loan will be fully paid.

Read more about the pros and cons of a personal loan, credit card, or other financing options.

No! With a home improvement personal loan through Upgrade, you don’t need to use your home as collateral. This makes the application process simpler and easier. You can check your rate in just a couple of minutes with no impact to your credit score and for no cost. You can skip the process of getting an updated home appraisal and focus on your home improvement project.

The process is simple. First, check your rate. It only takes a couple of minutes and has no impact to your credit score or cost. If you decide that the loan fits your needs, finish your online application. Once you’ve shared any documents Upgrade requests and complete the verifications process you should receive your funds within a day.†

When you check your rate and review loan offers, we perform a soft inquiry on your credit report, which won’t impact your credit score. Soft inquiries can only be seen by you. When your loan is funded, we perform a hard inquiry on your credit report, which may impact your credit score and can be viewed by third parties.

Don’t worry, if you find that you can pay off your loan before your final payment, that’s great! You won’t be penalized - there are no prepayment fees!

With a personal loan through Upgrade, you can borrow $1,000 to $50,000. You should receive your money in your bank account within a day of clearing necessary verifications.†

Yes! If you are a homeowner, you can receive a discount on your APR if you choose to secure your loan. Your loan will be secured with built-in fixtures in your home, such as ceiling fans, bookshelves, and light fixtures. 

Plus, unlike a home equity loan or HELOC, your home will not be used as collateral, your rate will be fixed, and there’s no home inspection or additional paperwork required. 

You can learn more about the discount for homeowners when you check your rate.