UNIVERSAL CREDIT LOAN.
Getting a loan with numerous benefits and low interest rates is not a very easy mission, right? Well, Universal Credit is leading the way in approving loans for all audiences and promises to overtake big banks like Bank of America, Sofi Loans, HSBC, and Citi.
Universal Credit is a lending platform powered by Upgrade, a San Francisco-based loan broker that’s been around since 2017. Upgrade, in turn, provides and services personal loans funded through partner banks.
Universal Credit offers fixed-rate personal loans from $1,000 to $50,000 with repayment terms of three to five years. If you’re approved, you could get your loan funds within one business day after clearing any necessary verifications.
Universal Credit’s personal loans are flexible and can be used to pay off high-interest debt like credit cards, as well as to cover the costs of large purchases, home renovations and other personal expenses. Loan amounts vary, but annual percentage rates (APRs) are high and the company charges origination fees up to 8% of the loan amount.
- Debt consolidation: If the purpose of your loan is to consolidate existing debt, your funds will be sent directly to your creditors, leaving you with just one fixed-rate payment to manage each month.
- Discounts: Borrowers who sign up for autopay or have their funds sent directly to creditors as part of a debt consolidation loan qualify for interest rate discounts.
- Credit-building tools: Borrowers can access a number of credit-building tools offered through Upgrade, including access to their credit scores, weekly updates, custom recommendations and more.