Yusra3
VIP Contributor
Avant and Upgrade are two of the leading online lenders for personal loans. Both offer fixed-rate installment loans that can be used for debt consolidation, credit card refinancing, home improvements, or other major expenses. However, there are some key differences to consider.
Upgrade has a slight edge on interest rates, with APRs ranging from 7.96% to 35.97% compared to 9.95% to 35.99% for Avant. Upgrade also doesn't charge any origination fees, while Avant charges fees from 0.95% to 4.75%. On the other hand, Avant's minimum credit score requirement is 600 versus 620 for Upgrade, making it more accessible for borrowers with poor credit.
Loan amounts are similar, with Avant offering $2,000 to $35,000 and Upgrade providing $1,000 to $35,000 loans. Repayment terms range from 24 to 60 months for both lenders. Prospective borrowers should compare rates, fees, and eligibility to determine which option better suits their needs and qualifications.
Upgrade has a slight edge on interest rates, with APRs ranging from 7.96% to 35.97% compared to 9.95% to 35.99% for Avant. Upgrade also doesn't charge any origination fees, while Avant charges fees from 0.95% to 4.75%. On the other hand, Avant's minimum credit score requirement is 600 versus 620 for Upgrade, making it more accessible for borrowers with poor credit.
Loan amounts are similar, with Avant offering $2,000 to $35,000 and Upgrade providing $1,000 to $35,000 loans. Repayment terms range from 24 to 60 months for both lenders. Prospective borrowers should compare rates, fees, and eligibility to determine which option better suits their needs and qualifications.
