SoFi vs Upgrade Comparison: Which Personal Loan Is Better in 2026?
Last updated 04/29/2026 by
Ante Mazalin
Edited by
Andrew Latham
Summary:
SoFi targets prime-credit borrowers with loans up to $100,000 and no late fees, while Upgrade accepts 600+ credit scores, lends as little as $1,000, and allows joint applications. Choose SoFi if you have a 680+ FICO and need a large loan; choose Upgrade if your credit is in the 600s, you need a smaller loan, or you want a co-borrower.
- SoFi: Best for prime-credit borrowers needing $5,000–$100,000 with member perks and no late fees.
- Upgrade: Best for fair-credit borrowers, small loan needs, or joint applications.
SoFi and Upgrade aren’t really competing for the same borrower. SoFi’s higher minimum FICO and $5,000 loan floor exclude most fair-credit applicants entirely; Upgrade’s lower minimum and $1,000 floor are built for them. Your credit score essentially picks the lender.
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SoFi vs. Upgrade at a Glance
Here’s how the two compare on the factors that matter most:
| Feature | SoFi | Upgrade |
|---|---|---|
| APR | 7.74% - 35.49% | 7.74% - 35.99% |
| Loan Amount Range | $5,000 - $100,000 | $1,000 - $50,000 |
| Loan Term | 24 months - 84 months | 24 months - 84 months |
| Origination Fee | 0% - 7% | 1.85% - 9.99% |
| Credit Score Range | 680 - 850 | 600 - 850 |
| Funding Time | 1 days - 7 days | 1 days |
| Prequalified (Soft Pull) | Yes | Yes |
| No Prepayment Fee | Yes | Yes |
| Joint Applications (Co-borrower) | Yes | Yes |
| Cosigner Accepted | No | No |
| Late Fee | None | $10 |
| APR Type | Fixed APR | Fixed APR |
| Checking Account Required | Yes | Yes |
| States Offered | 49 states + DC | 50 states + DC |
| SuperMoney User Score | mostly recommended | strongly recommended |
| Founded | 2011 | 2016 |
| Lender Type | Bank (SoFi Bank, N.A.; some loans by Cross River Bank) | Direct lender (partnered with Cross River Bank) |
Which One Should You Choose?
Choose SoFi if…
- Your credit score clears SoFi’s minimum — SoFi’s minimum FICO is 680 versus Upgrade’s 600. If you don’t clear SoFi’s bar, it isn’t an option regardless of how strong the rest of your file looks.
- You need to borrow more than $50,000 — SoFi caps at $100,000; Upgrade caps at $50,000. SoFi is the only option of the two for loans above the Upgrade ceiling.
- You want zero late fees and zero prepayment penalties — SoFi charges no late fee at all and no prepayment fee. Upgrade charges up to $10 per missed payment.
- You value member perks beyond the loan itself — SoFi includes financial planning, an estate plan discount through a Trust & Will partnership, and a member home loan discount at no extra cost. Upgrade offers credit monitoring tools but no comparable member benefits.
Choose Upgrade if…
- Your credit score is below SoFi’s minimum — Upgrade accepts FICO scores starting at 600, which covers most fair-credit borrowers SoFi turns away. This is the single biggest decision factor between these two.
- You need a small loan — Upgrade starts at $1,000; SoFi requires a $5,000 minimum. Upgrade is built for borrowers who only need to cover a small expense.
- You want to apply with a co-borrower — Upgrade accepts joint applications, which can lift you over a borderline approval. SoFi only takes individual applications.
- You want a stronger community signal — Upgrade’s strongly recommended rating sits above SoFi’s mostly recommended, and is built on a meaningfully larger sample.
- You want the lower advertised APR floor — Upgrade starts at 7.74%; SoFi starts at 7.74% with autopay discount. The floor gap favors Upgrade if you qualify near the bottom of either lender’s range.
Pro Tip
If your FICO is in the borderline zone just below 680, prequalify at both lenders before assuming SoFi is out of reach. SoFi’s published minimum is its floor, but actual approvals weight income, debt-to-income ratio, and employment alongside the score. Soft-pull prequalification at both lenders takes minutes and won’t affect your credit, so there’s no downside to checking even if you suspect you won’t clear SoFi’s bar.
About SoFi
SoFi is a chartered bank founded in 2011 and based in San Francisco, CA. It started as a student loan refinancer for Stanford graduates and expanded into personal loans, mortgages, banking, and investing. SoFi Personal Loans are originated by SoFi Bank, N.A., with some loans funded through Cross River Bank. The lender targets prime-credit borrowers and stands out for its no-fee structure and member benefits.
Main Features
- Loan amounts: $5,000 - $100,000
- APR range: 7.74% - 35.49%
- Terms: 24 months - 84 months
- Origination fee: 0% - 7%
- Credit score: 680 - 850
- Prequalification: Soft pull
- Funding speed: 1 days - 7 days
About Upgrade
Upgrade is a direct online lender founded in 2016 and based in San Francisco, CA. Loans are originated through a partnership with Cross River Bank and offered alongside credit cards, rewards checking, and credit-monitoring tools. The lender targets borrowers with fair-to-good credit and stands out for accepting joint applications and offering some of the longest unsecured loan terms in the online market.
Main Features
- Loan amounts: $1,000 - $50,000
- APR range: 7.74% - 35.99%
- Terms: 24 months - 84 months
- Origination fee: 1.85% - 9.99%
- Credit score: 600 - 850
- Prequalification: Soft pull
- Funding speed: 1 days
How Do SoFi and Upgrade Compare?
Which lender has lower rates and fees?
Upgrade has the lower APR floor — 7.74% versus SoFi’s 7.74% with autopay discount. SoFi caps slightly lower at 35.49% versus Upgrade’s 35.99%, but most borrowers near the credit floor won’t hit the ceiling at either lender. The advertised floor difference is meaningful for prime-credit borrowers; the ceiling difference is rarely the deciding factor.
Origination fees tilt to SoFi for qualified borrowers. SoFi charges 0% - 7%; Upgrade charges 1.85% - 9.99%. Where SoFi is unambiguously cheaper: late fees and prepayment fees. SoFi charges neither; Upgrade charges up to $10 per missed payment.
Which lender accepts more borrowers?
This is the dividing line. SoFi requires a minimum FICO score of 680 — typically described as “good credit.” Upgrade accepts FICO scores starting at 600, which covers fair-credit borrowers SoFi excludes entirely. If your score is below SoFi’s threshold, SoFi isn’t a realistic option no matter how strong the rest of your application looks.
Upgrade is also more flexible structurally. It accepts joint applications with a co-borrower, which can help borderline applicants qualify by adding a stronger credit profile to the file. SoFi only takes individual applications, with no joint or cosigner option.
Which lender funds larger loans and offers more perks?
SoFi wins decisively on loan ceiling — up to $100,000 versus Upgrade’s $50,000 cap. For major expenses, large debt consolidations, or any borrowing need above Upgrade’s ceiling, SoFi is the only option of these two.
SoFi also includes member benefits Upgrade doesn’t match: financial planning with credentialed advisors, a 20% estate plan discount through Trust & Will, a $300–$500 member home loan discount, and SoFi Travel premium offers. Upgrade offers free credit monitoring and educational content but no comparable member benefits. For SoFi members planning around major financial milestones, those perks have real dollar value.
Key Differences: SoFi vs. Upgrade (Updated 2026)
Here’s what separates SoFi and Upgrade on the factors that matter most when choosing a personal loan.
- Credit score minimum: SoFi 680 vs. Upgrade 600 — the single biggest decision factor.
- APR floor: Upgrade 7.74% vs. SoFi 7.74% with autopay — Upgrade wins on the headline rate.
- Loan minimum: Upgrade $1,000 vs. SoFi $5,000 — Upgrade lends much smaller.
- Loan ceiling: SoFi $100,000 vs. Upgrade $50,000 — SoFi lends 2× more at the top.
- Origination fee: SoFi 0% - 7%; Upgrade 1.85% - 9.99%.
- Late fees: SoFi charges none; Upgrade charges up to $10.
- Application type: Upgrade accepts joint applications; SoFi accepts only individual applications.
- Member perks: SoFi includes financial planning, an estate plan discount, and a member home loan discount; Upgrade offers credit monitoring only.
- SuperMoney community rating: Upgrade is strongly recommended; SoFi is mostly recommended.
Pro Tip
When comparing prequalified offers, look at the dollar amount you’ll actually receive — not the headline loan amount. Both lenders deduct origination fees from the funded amount, so a $1,000–$50,000 quote at Upgrade or a $5,000–$100,000 quote at SoFi can leave noticeably less in your account once fees come out. Calculate total cost — origination plus full interest schedule — rather than relying on the APR alone.
Customer Reviews & Reputation
SoFi’s SuperMoney community rating is mostly recommended. Reviewers praise the no-fee structure, member perks, and customer service quality. Common complaints focus on the strict credit requirements and the longer funding window for some applicants.
Upgrade’s SuperMoney community rating is strongly recommended on a meaningfully larger review pool than SoFi’s. Reviewers consistently highlight fast funding, easy mobile access, and approval for borrowers turned down elsewhere. The most common complaint centers on the origination fee being deducted upfront, leaving borrowers with less than the headline loan amount.
- SoFi Reviews: SuperMoney community rating — mostly recommended.
- Upgrade Reviews: SuperMoney community rating — strongly recommended.
Key Takeaways
- The credit score gap is the dominant factor — SoFi requires 680+ FICO; Upgrade accepts 600+. Borrowers in between have only one option of the two.
- SoFi wins on loan ceiling ($100,000 vs $50,000), late fees (none vs $10), and member perks (financial planning, estate plan discount, home loan discount).
- Upgrade wins on APR floor (7.74% vs 7.74%), loan minimum ($1,000 vs $5,000), application flexibility (joint apps allowed), and community signal.
- SoFi’s “no-fee” reputation is partial — origination fees still apply across the published 0% - 7% band.
- For prime-credit borrowers needing larger loans, SoFi is the better fit. For fair-credit borrowers, small-loan needs, or joint applications, Upgrade is the only realistic option of these two.
FAQ
What is the main difference between SoFi and Upgrade?
The dominant difference is credit access. SoFi requires a minimum FICO score of 680 and lends from $5,000 to $100,000; Upgrade accepts FICO scores starting at 600 and lends from $1,000 to $50,000. SoFi also includes member perks like financial planning and an estate plan discount that Upgrade doesn’t match, while Upgrade offers joint applications and a longer maximum loan term that SoFi already matches at 84 months.
Does SoFi or Upgrade have lower interest rates?
Upgrade has the lower advertised APR floor at 7.74%, while SoFi starts at 7.74% with the autopay discount included. SoFi caps slightly lower at 35.49% versus Upgrade’s 35.99%. In practice, your actual rate at either lender depends on your credit profile, income, and debt-to-income ratio. Both offer soft-pull prequalification, so check rates at both before deciding.
Which is easier to qualify for, SoFi or Upgrade?
Upgrade is dramatically easier to qualify for. The gap between SoFi’s 680 minimum and Upgrade’s 600 minimum excludes a large share of fair-credit borrowers from SoFi entirely. Upgrade also accepts joint applications, which can help borderline applicants qualify by adding a co-borrower’s credit and income to the file. SoFi only takes individual applications, so a single weak file has nowhere to hide.
Does SoFi really charge no fees?
The “no-fee” framing is partial — SoFi charges no late fees and no prepayment penalties, but it does charge origination fees. SoFi’s published origination band is 0% - 7%. Qualified borrowers may genuinely pay zero origination at the floor of that range, but this isn’t guaranteed across all approvals. Read the prequalification quote carefully.
Which is better for debt consolidation?
It depends on the size of the consolidation. For consolidations above $50,000, SoFi is the only option of these two — its $100,000 ceiling reaches further than Upgrade’s cap. For consolidations under that amount, the choice comes down to credit profile: 680+ FICO points to SoFi for the no-late-fee structure and member perks; below that points to Upgrade. Upgrade also offers an interest rate discount for sending funds directly to creditors on consolidation loans, which SoFi doesn’t match in the same form.
Which has better customer reviews?
Upgrade’s community signal is stronger. Upgrade carries a strongly recommended rating built on a meaningfully larger review pool than SoFi’s mostly recommended rating. Upgrade’s score is both higher and based on more votes, which makes it the stronger statistical signal. Both are positive ratings, but the gap is real.
Can I apply with a cosigner at either lender?
Neither lender accepts a traditional cosigner — the kind that guarantees a loan without sharing it. Upgrade does accept joint applications with a co-borrower, which means both applicants share the loan equally and both have access to the funds. SoFi only accepts individual applications, with no co-borrower or cosigner option available. If your credit needs support from a stronger applicant, Upgrade is the only option of these two.
Explore SoFi and Upgrade in Depth
SoFi Review — SuperMoney’s full breakdown of SoFi’s features, fees, eligibility criteria, and community reviews.
Upgrade Review — SuperMoney’s full breakdown of Upgrade’s features, fees, eligibility criteria, and community reviews.
Related Personal Loan Comparisons
Not sure which lender is right for you? Browse all personal loan lenders.
Summary:
SoFi targets prime-credit borrowers with loans up to $100,000 and no late fees, while Upgrade accepts 600+ credit scores, lends as little as $1,000, and allows joint applications. Choose SoFi if you have a 680+ FICO and need a large loan; choose Upgrade if your credit is in the 600s, you need a smaller loan, or you want a co-borrower.
- SoFi: Best for prime-credit borrowers needing $5,000–$100,000 with member perks and no late fees.
- Upgrade: Best for fair-credit borrowers, small loan needs, or joint applications.
SoFi and Upgrade aren’t really competing for the same borrower. SoFi’s higher minimum FICO and $5,000 loan floor exclude most fair-credit applicants entirely; Upgrade’s lower minimum and $1,000 floor are built for them. Your credit score essentially picks the lender.
SoFi vs. Upgrade at a Glance
Here’s how the two compare on the factors that matter most:
| Feature | SoFi | Upgrade |
|---|---|---|
| APR | 7.74% - 35.49% | 7.74% - 35.99% |
| Loan Amount Range | $5,000 - $100,000 | $1,000 - $50,000 |
| Loan Term | 24 months - 84 months | 24 months - 84 months |
| Origination Fee | 0% - 7% | 1.85% - 9.99% |
| Credit Score Range | 680 - 850 | 600 - 850 |
| Funding Time | 1 days - 7 days | 1 days |
| Prequalified (Soft Pull) | No | No |
| No Prepayment Fee | Yes | Yes |
| Joint Applications (Co-borrower) | Yes | Yes |
| Cosigner Accepted | No | No |
| Late Fee | None | $10 |
| States Offered | 49 states + DC | 50 states + DC |
| SuperMoney User Score | mostly recommended | strongly recommended |
| Founded | 2011 | 2016 |
| Lender Type | Bank (SoFi Bank, N.A.; some loans by Cross River Bank) | Direct lender (partnered with Cross River Bank) |
Which One Should You Choose?
Choose SoFi if…
- Your credit score clears SoFi’s minimum — SoFi’s minimum FICO is 680 versus Upgrade’s 600. If you don’t clear SoFi’s bar, it isn’t an option regardless of how strong the rest of your file looks.
- You need to borrow more than $50,000 — SoFi caps at $100,000; Upgrade caps at $50,000. SoFi is the only option of the two for loans above the Upgrade ceiling.
- You want zero late fees and zero prepayment penalties — SoFi charges no late fee at all and no prepayment fee. Upgrade charges up to $10 per missed payment.
- You value member perks beyond the loan itself — SoFi includes financial planning, an estate plan discount through a Trust & Will partnership, and a member home loan discount at no extra cost. Upgrade offers credit monitoring tools but no comparable member benefits.
Choose Upgrade if…
- Your credit score is below SoFi’s minimum — Upgrade accepts FICO scores starting at 600, which covers most fair-credit borrowers SoFi turns away. This is the single biggest decision factor between these two.
- You need a small loan — Upgrade starts at $1,000; SoFi requires a $5,000 minimum. Upgrade is built for borrowers who only need to cover a small expense.
- You want to apply with a co-borrower — Upgrade accepts joint applications, which can lift you over a borderline approval. SoFi only takes individual applications.
- You want a stronger community signal — Upgrade’s strongly recommended rating sits above SoFi’s mostly recommended, and is built on a meaningfully larger sample.
- You want the lower advertised APR floor — Upgrade starts at 7.74%; SoFi starts at 7.74% with autopay discount. The floor gap favors Upgrade if you qualify near the bottom of either lender’s range.
Pro Tip
If your FICO is in the borderline zone just below 680, prequalify at both lenders before assuming SoFi is out of reach. SoFi’s published minimum is its floor, but actual approvals weight income, debt-to-income ratio, and employment alongside the score. Soft-pull prequalification at both lenders takes minutes and won’t affect your credit, so there’s no downside to checking even if you suspect you won’t clear SoFi’s bar.
About SoFi
SoFi is a chartered bank founded in 2011 and based in San Francisco, CA. It started as a student loan refinancer for Stanford graduates and expanded into personal loans, mortgages, banking, and investing. SoFi Personal Loans are originated by SoFi Bank, N.A., with some loans funded through Cross River Bank. The lender targets prime-credit borrowers and stands out for its no-fee structure and member benefits.
Main Features
- Loan amounts: $5,000 - $100,000
- APR range: 7.74% - 35.49%
- Terms: 24 months - 84 months
- Origination fee: 0% - 7%
- Credit score: 680 - 850
- Prequalification: Soft pull
- Funding speed: 1 days - 7 days
About Upgrade
Upgrade is a direct online lender founded in 2016 and based in San Francisco, CA. Loans are originated through a partnership with Cross River Bank and offered alongside credit cards, rewards checking, and credit-monitoring tools. The lender targets borrowers with fair-to-good credit and stands out for accepting joint applications and offering some of the longest unsecured loan terms in the online market.
Main Features
- Loan amounts: $1,000 - $50,000
- APR range: 7.74% - 35.99%
- Terms: 24 months - 84 months
- Origination fee: 1.85% - 9.99%
- Credit score: 600 - 850
- Prequalification: Soft pull
- Funding speed: 1 days
How Do SoFi and Upgrade Compare?
Which lender has lower rates and fees?
Upgrade has the lower APR floor — 7.74% versus SoFi’s 7.74% with autopay discount. SoFi caps slightly lower at 35.49% versus Upgrade’s 35.99%, but most borrowers near the credit floor won’t hit the ceiling at either lender. The advertised floor difference is meaningful for prime-credit borrowers; the ceiling difference is rarely the deciding factor.
Origination fees tilt to SoFi for qualified borrowers. SoFi charges 0% - 7%; Upgrade charges 1.85% - 9.99%. Where SoFi is unambiguously cheaper: late fees and prepayment fees. SoFi charges neither; Upgrade charges up to $10 per missed payment.
Which lender accepts more borrowers?
This is the dividing line. SoFi requires a minimum FICO score of 680 — typically described as “good credit.” Upgrade accepts FICO scores starting at 600, which covers fair-credit borrowers SoFi excludes entirely. If your score is below SoFi’s threshold, SoFi isn’t a realistic option no matter how strong the rest of your application looks.
Upgrade is also more flexible structurally. It accepts joint applications with a co-borrower, which can help borderline applicants qualify by adding a stronger credit profile to the file. SoFi only takes individual applications, with no joint or cosigner option.
Which lender funds larger loans and offers more perks?
SoFi wins decisively on loan ceiling — up to $100,000 versus Upgrade’s $50,000 cap. For major expenses, large debt consolidations, or any borrowing need above Upgrade’s ceiling, SoFi is the only option of these two.
SoFi also includes member benefits Upgrade doesn’t match: financial planning with credentialed advisors, a 20% estate plan discount through Trust & Will, a $300–$500 member home loan discount, and SoFi Travel premium offers. Upgrade offers free credit monitoring and educational content but no comparable member benefits. For SoFi members planning around major financial milestones, those perks have real dollar value.
Key Differences: SoFi vs. Upgrade (Updated 2026)
Here’s what separates SoFi and Upgrade on the factors that matter most when choosing a personal loan.
- Credit score minimum: SoFi 680 vs. Upgrade 600 — the single biggest decision factor.
- APR floor: Upgrade 7.74% vs. SoFi 7.74% with autopay — Upgrade wins on the headline rate.
- Loan minimum: Upgrade $1,000 vs. SoFi $5,000 — Upgrade lends much smaller.
- Loan ceiling: SoFi $100,000 vs. Upgrade $50,000 — SoFi lends 2× more at the top.
- Origination fee: SoFi 0% - 7%; Upgrade 1.85% - 9.99%.
- Late fees: SoFi charges none; Upgrade charges up to $10.
- Application type: Upgrade accepts joint applications; SoFi accepts only individual applications.
- Member perks: SoFi includes financial planning, an estate plan discount, and a member home loan discount; Upgrade offers credit monitoring only.
- SuperMoney community rating: Upgrade is strongly recommended; SoFi is mostly recommended.
Pro Tip
When comparing prequalified offers, look at the dollar amount you’ll actually receive — not the headline loan amount. Both lenders deduct origination fees from the funded amount, so a $1,000–$50,000 quote at Upgrade or a $5,000–$100,000 quote at SoFi can leave noticeably less in your account once fees come out. Calculate total cost — origination plus full interest schedule — rather than relying on the APR alone.
Customer Reviews & Reputation
SoFi’s SuperMoney community rating is mostly recommended. Reviewers praise the no-fee structure, member perks, and customer service quality. Common complaints focus on the strict credit requirements and the longer funding window for some applicants.
Upgrade’s SuperMoney community rating is strongly recommended on a meaningfully larger review pool than SoFi’s. Reviewers consistently highlight fast funding, easy mobile access, and approval for borrowers turned down elsewhere. The most common complaint centers on the origination fee being deducted upfront, leaving borrowers with less than the headline loan amount.
- SoFi Reviews: SuperMoney community rating — mostly recommended.
- Upgrade Reviews: SuperMoney community rating — strongly recommended.
Key Takeaways
- The credit score gap is the dominant factor — SoFi requires 680+ FICO; Upgrade accepts 600+. Borrowers in between have only one option of the two.
- SoFi wins on loan ceiling ($100,000 vs $50,000), late fees (none vs $10), and member perks (financial planning, estate plan discount, home loan discount).
- Upgrade wins on APR floor (7.74% vs 7.74%), loan minimum ($1,000 vs $5,000), application flexibility (joint apps allowed), and community signal.
- SoFi’s “no-fee” reputation is partial — origination fees still apply across the published 0% - 7% band.
- For prime-credit borrowers needing larger loans, SoFi is the better fit. For fair-credit borrowers, small-loan needs, or joint applications, Upgrade is the only realistic option of these two.
FAQ
What is the main difference between SoFi and Upgrade?
The dominant difference is credit access. SoFi requires a minimum FICO score of 680 and lends from $5,000 to $100,000; Upgrade accepts FICO scores starting at 600 and lends from $1,000 to $50,000. SoFi also includes member perks like financial planning and an estate plan discount that Upgrade doesn’t match, while Upgrade offers joint applications and a longer maximum loan term that SoFi already matches at 84 months.
Does SoFi or Upgrade have lower interest rates?
Upgrade has the lower advertised APR floor at 7.74%, while SoFi starts at 7.74% with the autopay discount included. SoFi caps slightly lower at 35.49% versus Upgrade’s 35.99%. In practice, your actual rate at either lender depends on your credit profile, income, and debt-to-income ratio. Both offer soft-pull prequalification, so check rates at both before deciding.
Which is easier to qualify for, SoFi or Upgrade?
Upgrade is dramatically easier to qualify for. The gap between SoFi’s 680 minimum and Upgrade’s 600 minimum excludes a large share of fair-credit borrowers from SoFi entirely. Upgrade also accepts joint applications, which can help borderline applicants qualify by adding a co-borrower’s credit and income to the file. SoFi only takes individual applications, so a single weak file has nowhere to hide.
Does SoFi really charge no fees?
The “no-fee” framing is partial — SoFi charges no late fees and no prepayment penalties, but it does charge origination fees. SoFi’s published origination band is 0% - 7%. Qualified borrowers may genuinely pay zero origination at the floor of that range, but this isn’t guaranteed across all approvals. Read the prequalification quote carefully.
Which is better for debt consolidation?
It depends on the size of the consolidation. For consolidations above $50,000, SoFi is the only option of these two — its $100,000 ceiling reaches further than Upgrade’s cap. For consolidations under that amount, the choice comes down to credit profile: 680+ FICO points to SoFi for the no-late-fee structure and member perks; below that points to Upgrade. Upgrade also offers an interest rate discount for sending funds directly to creditors on consolidation loans, which SoFi doesn’t match in the same form.
Which has better customer reviews?
Upgrade’s community signal is stronger. Upgrade carries a strongly recommended rating built on a meaningfully larger review pool than SoFi’s mostly recommended rating. Upgrade’s score is both higher and based on more votes, which makes it the stronger statistical signal. Both are positive ratings, but the gap is real.
Can I apply with a cosigner at either lender?
Neither lender accepts a traditional cosigner — the kind that guarantees a loan without sharing it. Upgrade does accept joint applications with a co-borrower, which means both applicants share the loan equally and both have access to the funds. SoFi only accepts individual applications, with no co-borrower or cosigner option available. If your credit needs support from a stronger applicant, Upgrade is the only option of these two.
Explore SoFi and Upgrade in Depth
SoFi Review — SuperMoney’s full breakdown of SoFi’s features, fees, eligibility criteria, and community reviews.
Upgrade Review — SuperMoney’s full breakdown of Upgrade’s features, fees, eligibility criteria, and community reviews.
Related Personal Loan Comparisons
Not sure which lender is right for you? Browse all personal loan lenders.
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