Upwards Personal Loan Interest Rates

Upwards personal loan interest rate starts as low as 9% p.a. You can avail a personal loan up to Rs. 2 lakh from the online lender Upwards to deal with various personal financial needs including home renovation, vacation, medical expenses, etc. These loans have flexible repayment tenure up to 60 months, are disbursed quickly and involve minimal documentation. Read on to get details about several key aspects of Upwards personal loan interest rates including method of calculation and how to get the lowest rates.

Upwards Personal Loan Interest Rates

Upwards offers personal loans at an attractive interest rate starting as low as 9% p.a. However, the interest rate applicable to a particular applicant depends upon specifics of the applicant profile including his/her credit score, age, income level, outstanding debt, etc.

Upwards Interest Rate for Different Types of Loans

Upwards personal loan interest rate starts at 9% p.a. irrespective of the type of personal loan opted for. The different types of Upwards personal loans currently offered are as follows:

Upwards Personal Loan Interest Calculation

Personal Loan at Attractive Interest Rates Apply Now

How to Get Low Interest Rates on Upwards Personal Loan?

Given below are some tips that could help you avail a lower rate of interest on your Upwards personal loan:

• Try and maintain a good credit score (750 or above)
• Avoid frequent job switches
• Maintain a low debt to income ratio
• Pay your EMIs and credit card dues on time

6 Important Factors that Affect Your Personal Loan Interest Rate

Some key factors which affect personal loan interest rate are given below:

1. Age of the applicant: Quite often, with an increase in the age of the applicant, the interest charged on personal loans also increases. This is so because, as the person gets closer to his/her retirement the chances of increase in the applicant’s income level decreases.

2. Credit Score: It is one of the first things that lenders look at when lending money to an applicant. It helps them assess an applicant’s creditworthiness and repayment capacity. A high credit score (usually 750 or above) indicates a higher creditworthiness and thus, enables you to secure a personal loan more easily. It may also help you avail a personal loan on better terms and conditions like a lower rate of interest on your personal loan.

3. Loan Amount and Tenure Desired: Usually, as the loan amount and repayment tenure increase, the personal loan interest rate also increases and vice versa.

4. Education Credentials: Quite often, applicants with a higher level of education are charged a lower rate of interest on personal loans as they have a better chance of securing good employment opportunities and higher levels of income.

5. Employment Details: Applicants having a stable job and history of employment or those working with reputed organizations are more likely to avail a lower rate of interest on personal loans as compared to those with limited or no work experience.

6. Income Level: Personal loans may be offered at a lower rate of interest to applicants with higher incomes as they are thought to have a better repayment capacity and therefore, are less likely to default on repayments.

FAQs

Q. Who can avail a personal loan from Upwards?

All salaried individuals can avail a personal loan from Upwards, provided they meet the lender’s personal loan eligibility criteria.

Q. What is the minimum and maximum loan amount that I can avail on a personal loan from Upwards?

The minimum amount that you can avail as a personal loan from Upwards is Rs. 20,000 and the maximum is Rs. 2 lakh.

Q. What are the tenure options available on an Upwards personal loan?

You can repay your Upwards personal loan within a convenient tenure ranging between 12 to 60 months.

Q. How can I contact the Upwards customer care?

• You can call on 1860-267-4777
• You can also send an email at help@go-upwards.com
• You can also write to the company. The address for the same is:

201, Times Square Building,

Western Expressway Highway,

Andheri East, Mumbai-69

Q. What are the documents required to avail a personal loan from Upwards?

You will have to upload self-attested images of the following documents:

• Profile picture
• PAN Card
• Aadhaar Card
• Salary Slips of last 3-6 months
• Bank Statement of last 6-12 months
• Proof of current address (phone bill, electricity bill, etc.)

Q. How long does Upwards take to disburse its personal loans?

Upwards takes up to 48 hours to approve/reject a personal loan application and additional 3-5 working days to disburse the loan amount.