loan offers · compare before you accept

Already Have a Loan Offer? Compare Another Before You Accept.

Yes, it's worth a quick check. Before you accept, see a personalized Upgrade option for the same amount and term. Only move forward if it's actually a better fit.

See your Upgrade rate in minutes. Checking your rate uses a soft inquiry and won't affect your credit score.

Compare Rates

Affiliate disclosure: LendMail may earn a commission if you apply through this link. Not all applicants are approved, and a lower rate isn't guaranteed. LendMail is not the lender. Upgrade is one option, not a full marketplace. Rates shown after a soft check aren't final until you complete Upgrade's application and verification.

Current offer vs. refinancing

This guide is for people who haven't accepted a loan yet: a mailed offer, an app offer or a lender's approval. If you already borrowed and want a lower rate on that loan, that's refinancing. Check your current loan's terms, including any prepayment fees, before you compare.

How to compare two offers fairly

Check	What to look for
Same amount & term	Compare like for like, e.g. the same amount over the same number of months.
APR	APR includes interest plus some fees, so it's the best single number to compare.
Origination fee	Often deducted upfront, so it reduces the cash you get.
Net proceeds	The amount actually deposited after fees.
Total repayment	Monthly payment × months, plus fees not already included. Compare this with net proceeds; do not count an origination fee twice.

Upgrade's own published example: a $10,000 loan with a 5% origination fee ($500) deposits $9,500, at 16.28% APR over 36 months. This is an example, not your rate.

Prequalified rate vs. final offer

A soft-check rate shows what you may qualify for. The final terms come only after the lender reviews your full application and verifies your identity and income. Upgrade says it may ask for documents such as an ID, pay stubs, a W-2 or a tax return.

What happens after you tap Compare Rates

You go to Upgrade and check your rate. Upgrade says this is a soft inquiry with no impact on your credit score.
If you qualify, you review the loan options and choose one. It's not an obligation.
Upgrade completes its application and verifications. Upgrade says funds usually arrive within one business day of clearing verifications.

Credit check policies can vary and change. Read Upgrade's disclosures on screen before you submit. Other lenders' formal applications often involve a hard inquiry, which can affect your score (CFPB).

Before you accept your current offer

Note any real expiration date on your offer, and don't let a deadline rush you.
Run one or two soft checks, not a string of formal applications. Each hard inquiry can lower your score.
If your current offer is cheaper on APR and total cost, keep it.
Borrow only what you need, at a payment you can afford.

FAQ

Will checking Upgrade hurt my credit?

Upgrade says checking your rate is a soft inquiry with no score impact.

Will Upgrade beat my offer?

Not necessarily. Compare APR, fees and total cost, and keep whichever offer is better.

Is this the same as refinancing?

No. Refinancing replaces a loan you already took out.