Does Upgrade Approve Applications on Weekends?

Upgrade provides various credit products, including personal loans and credit cards. This article explains Upgrade’s application review process, how weekend submissions are handled, and what applicants can expect regarding approval timing.

Upgrade’s Application Review Process

Upgrade evaluates applications through a multi-stage process. The initial step typically involves an online pre-qualification, where applicants provide basic information and receive preliminary offers. This pre-qualification often includes a soft credit inquiry, which does not impact an applicant’s credit score.

Upon moving forward with a full application, Upgrade assesses various factors to determine eligibility and loan terms. This evaluation considers an applicant’s credit score, which generally requires a minimum score around 580 for personal loans, along with income and debt-to-income ratio. The review process integrates automated checks but may also involve manual verification of submitted documents, such as proof of income or identity. This blend of automated and human review supports lending decisions.

Weekend Approval Decisions

While applications can be submitted through Upgrade’s online platform at any time, including weekends, the final approval process often depends on whether human intervention is required. Automated preliminary decisions, such as pre-approvals or conditional offers, are often instant, regardless of the day or time. This means an applicant might receive an initial response shortly after completing the online form even on a Saturday or Sunday.

However, full and final approvals that necessitate a manual review by an underwriter are typically processed during standard business hours. If an application requires additional document verification or a more detailed assessment, the process will likely pause until the next business day. Bank holidays can also extend processing times, similar to weekends, by delaying the availability of human review teams.

Checking Your Application Status

After submitting an application, applicants can monitor its progress through their Upgrade account. Logging into the account will provide access to an “Account Summary” or “To-Do List,” which displays the current status and any outstanding requirements. Upgrade also sends email updates; check both your account dashboard and email, including spam folders.

While preliminary decisions can be quick, the time for final approval and fund disbursement can vary. For personal loans, funds are often sent within one business day after approval and all necessary verifications are cleared, though the actual availability in a bank account can take up to four business days depending on the receiving financial institution. If an application is delayed beyond typical expectations, applicants can contact Upgrade’s customer support for assistance and clarification.