# Personal loans for major purchases up to $50,000 - Loans up to $50,000 - Affordable monthly payments - No prepayment fees - Fast funding Loan amount Pay off Credit CardsDebt ConsolidationBusinessHome ImprovementLarge PurchaseOtherLoan purpose Check your rate Checking your rate is free and won’t impact your credit score. ## Reach your goals with a personal loan through Upgrade [Pay for wedding expenses](/content/en-ca/personal-loans/major-purchase/wedding/index.html) Cover wedding expenses with a wedding personal loan [Celebrate special occasions](/content/en-ca/personal-loans/major-purchase/special-occasions/index.html) Celebrate important milestones with a special occasions personal loan [Take a dream vacation](/content/en-ca/personal-loans/major-purchase/vacation/index.html) Make your dream vacation a reality with a personal loan ## Why pay for a major purchase with a personal loan? Get low-interest financing so you can make things happen now, and pay for it in installments over time ### Check your rate in minutes Find out your rate and how much you qualify for in minutes with no obligation and no impact to your credit score. ### Funding as fast as 24 hours You should receive your funds within a day of clearing verifications. ### Fixed rates and terms Low interest rates with fixed terms. A major purchase loan will give you a clear payoff date that you can circle on your calendar. ## Major purchase personal loans that make life happen Get the money you need to cover your large purchase ### Wedding and Special Occasions Plan a one-of-a-kind event and enjoy memories with your loved ones. ### Dream vacation Funds to explore new destinations and expand yourself beyond everyday life. ## It's quick and easy to apply for a personal loan online ### Check your rate Apply online in minutes and see your rate with no obligation or impact to your credit score. ### Choose your personal loan Review multiple loan options and decide which offer is best. ### Fast funding Accept your loan offer and you should get your money within a day of clearing necessary verifications. ## Personal loans through Upgrade are flexible & customizable ### Select an offer Choose your monthly payment that won't ever change and fits your budget. ### Fixed rate & term Pick terms that fit your timeline. ## A simple breakdown of a personal loan Get to know the rates, fees, and your payback plan. If you're approved for a **$10,000** loan with a **17.98% APR** and **36-month** term... ### Your APR The 17.98% APR includes: - 14.32% yearly interest rate - 5% one-time origination fee ($500) ### Your money You would get $9,500 deposited directly in your account. $10,000 - $500 = $9,500 Loan amount - Origination fee ### Your payments And, each month you would pay back $343.33 over 36 months. ## Major purchase loan FAQs ### Why not use a credit card for my major purchase? Credit cards often have high variable interest rates that increase at any time. This can make it hard to know the true cost of a project and predict when you'll be able to pay it off. When a specific project cost is mixed in with other living expenses it can become even more difficult to plan when it'll be paid off or even recognize when, or if, it has. With a personal loan through Upgrade, we eliminate those surprises. A personal loan can provide you with a low fixed rate and fixed monthly payments, so you know how much to budget each month and can circle the date on the calendar when the loan will be fully paid. Read more about [the pros and cons of paying for unexpected expenses with a personal loan, credit card and more](/content/en-ca/credit-health/insights/smart-money/unexpected-expenses/index.html). ### Will checking my rate affect my credit score? No, checking your rate won’t affect your credit score because we only perform a soft inquiry. Only you are able to see soft inquiries on your credit report. Hard inquiries may impact your credit score and can be viewed by third parties. Soft inquiry: - Checking your rate to see what personal loan offers you may qualify for - Accepting your offer Hard inquiry: - Funding your personal loan through Upgrade ### What if I want to pay off my loan quicker? You can make additional payments on your loan at any time without any prepayment fees. Check out this blog article for [more tips on how to make the most of your loan](/content/en-ca/credit-health/insights/how-to-stay-on-track-with-your-debt-consolidation-loan/index.html). ### How much can I borrow for a major purchase? You can borrow between $1,000 and $50,000 with a personal loan through Upgrade for any purpose. You should receive your money in your bank account within a day of clearing necessary verifications. ## Need Help? Email us at [support@upgrade.com](mailto:support@upgrade.com) Or call us at [(844) 319-3909](tel:+18443193909) Monday - Friday, 5:00 AM - 7:00 PM PT Saturday - Sunday, 6:00 AM - 5:00 PM PT ## Manage your money on the go with the Upgrade app Point your phone's camera at this code to download the app ## See if a personal loan is right for you. ### Checking your rate won’t affect your credit score. Loan amount Pay off Credit CardsDebt ConsolidationBusinessHome ImprovementLarge PurchaseOtherLoan purpose Check your rate.