OnePay, the consumer fintech trusted by millions of Americans to make money better, today announced the launch of OnePay Personal Loans, as more Americans seek flexible and transparent ways to access credit amid rising costs and tighter lending conditions. Through a new partnership with Upgrade, OnePay customers can apply for a loan between $1,000 and $50,000 right in the OnePay app – approval and amount are subject to eligibility. The product marks a significant step forward in OnePay’s mission to make everyday financial services simpler, more accessible, and more useful for millions of Americans.
With OnePay Personal Loans, customers can apply for a loan, receive and accept an offer, and pay back their loan, all through the OnePay app. The fully integrated experience allows customers to check rates in minutes, see their offers, accept terms, and manage repayment in one place. Customers who bank through OnePay may receive funds as soon as the same day, providing faster access to financing when they need it most. Loan amounts range from $1,000 to $50,000, with APRs ranging from 7.74% – 35.99%, depending on eligibility.
OnePay Personal Loans are designed to meet needs that go beyond everyday expenses, such as consolidating debt, covering major purchases, or managing unexpected costs. By leveraging information customers have already shared with OnePay, the application process minimizes friction and reduces repetitive data entry, helping customers access financing more seamlessly.
OnePay Personal Loans are powered by Upgrade, a fintech company that provides affordable and responsible credit products to consumers. Through the partnership, OnePay is able to offer larger-dollar lending directly within its app while leveraging Upgrade’s lending infrastructure and expertise.
“Getting access to credit in America today is harder than it should be,” said Omer Ismail, CEO of OnePay. “It’s never been more important to give consumers access to financing that’s simple, transparent, and meets them where they already are — and we’re excited to partner with Upgrade to introduce another financing option for our customers with OnePay Personal Loans.”
“Our personal loans offer consumers the breathing room they need to get on the best financial path,” said Renaud Laplanche, Co-founder and CEO of Upgrade. “We’re proud that this partnership makes that resource more accessible to millions of OnePay customers.”
