Updated September 29, 2026 · BorrowCue Editorial Team
Cashspace vs Upgrade
Where Cashspace and Upgrade differ
| Compare |  Cashspace |  Upgrade |
|---|---|---|
| APR | ₱12 to ₱36 | 7.74% to 35.99% |
| Loan amount | ₱500 to ₱25,000 | $1,000 to $50,000 |
| Term | 2 to 4 months | 24 to 84 monthsHigher |
| Arrangement fee | 0 | 1.85%-9.99% one-time origination fee, deducted from loan proceeds |
| Credit check | Hard | Soft prequal |
| Funding time | Funds within 5 minutes; most approved applicants receive the money the same day | Within 1 business day of clearing verifications |
| Representative example | Loan of PHP 10,000 repaid in 3 months, total payment PHP 11,000 | $10,000 unsecured personal loan, 36-month term, 17.59% APR including 13.94% yearly interest rate and 5% one-time origination fee; $9,500 received, $341.48 monthly payment, $12,293.46 total |
| Lender type | Broker | Direct lender |
| Eligibility | Applicants in the Philippines, valid ID required | Be a U.S. citizen, a permanent resident, or living in the U.S. on a valid visa; be at least 18 years old (or older where the majority age is higher); provide verifiable bank account information and a valid email address |
| Loan types | Personal, Payday, Credit line | Personal, Debt consolidation, Secured, Car |
| Rate type | Not confirmed | Fixed |
| Free early repayment | Not confirmed | Yes |
| Origination fee (%) | Not confirmed | 1.85% to 9.99% |
| Credit needed | Poor | Not confirmed |
| Use cases | Not confirmed | Home improvement |
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Key differences
- Upgrade scores higher overall: 9.2 vs 8.9.
- Term is higher at Upgrade: 24 to 84 months vs 2 to 4 months.
- Support channels: only Cashspace offers Community.
- Support channels: only Upgrade offers Phone.
- Loan types: only Cashspace offers Payday, Credit line.
- Loan types: only Upgrade offers Debt consolidation, Secured, Car.
Our verdict on each
Cashspace
Cashspace suits Philippine borrowers with poor credit who need a small sum quickly and can clear it fast.
Upgrade
Upgrade lends directly through Upgrade, Inc. and suits US borrowers who want a fixed rate personal loan, debt consolidation or car finance with fast payout. Amounts run $1,000 to $50,000 over terms of 24 to 84 at a fixed rate, so the monthly figure is set at the start.
Score breakdown
| Area | Cashspace | Upgrade |
|---|---|---|
| Cost | 9.8HigherOrigination fee of 0 and an APR of PHP 12 to PHP 36 sit against a site median of 12%. | 9.0 |
| Offer | 8.5 | 9.3HigherAmounts of $1,000 to $50,000 over terms of 24 to 84 at a fixed rate, fee taken from the payout. |
| Trust | 8.3 | 9.2Higher |
Feature by feature
| Loan types | Cashspace | Upgrade |
|---|---|---|
| Personal | Yes | Yes |
| Payday | Yes | No |
| Debt consolidation | No | Yes |
| Credit line | Yes | No |
| Secured | No | Yes |
| Car | No | Yes |
Licences and countries
| Country | Cashspace | Upgrade |
|---|---|---|
| United States | Not confirmed |
Additional countries for Cashspace: 1. Additional countries for Upgrade: 1.
A third option
Sofkredit has term at 6 to 240 months, against 2 to 4 months for Cashspace and 24 to 84 months for Upgrade.
Sofkredit reviewWhere these facts come from
Cashspace
- cashspace.ph: 15 facts, checked September 26, 2026
Upgrade
- upgrade.com: 19 facts, checked September 26, 2026
How they place
| Ranking | Cashspace | Upgrade |
|---|---|---|
| Personal loans | 33 of 1932 | 91 of 1932 |
| Lines of credit | 7 of 328 | 15 of 328 |
Every fact side by side
| Fact | Cashspace | Upgrade |
|---|---|---|
| Pricing model | Not confirmed | Fixed rate |
| Features | Same day funding, Credit line | Same day funding, Credit line |
| Legal entity | Fininity OU | Upgrade, Inc. |
| Headquarters | Estonia | United States |
| Support channels | Email, Help centre, Community | Email, Phone, Help centre |
Where each stands against the rest
| Fact | Cashspace | Upgrade | Median |
|---|---|---|---|
| Term | 2 to 4 monthslowest quarter | 24 to 84 monthsabove the median | 60 |
| Origination fee (%) | Not confirmed | 1.85% to 9.99%above the median | 0.25 |
Median across 1005 listed lenders.
Pros and cons
Cashspace
Pros
- No origination fee, listed at 0 on personal, payday and credit line products.
- Money moves fast: funds within a few minutes and most approved applicants are paid the same day.
- APR of PHP 12 to PHP 36 starts below the personal loan site median of 12%.
Cons
- Term of 2 to 4 is short, so a missed payment can land quickly on a small balance.
- The credit check is hard, so an application puts a full search on the record.
- Support runs on email, help centre and community only, with no phone line or live chat listed.
Upgrade
Pros
- Borrowing is priced at a fixed rate, so the monthly payment holds for the life of the loan
- Amounts of $1,000 to $50,000 cover consolidation, car and home improvement plans as listed in personal, debt consolidation and secured
- Free early repayment lets you clear the balance ahead of schedule without a charge
Cons
- The arrangement fee of 1.85% to 9.99% is deducted from the payout, so a loan can arrive smaller than the amount approved
- The top of 7.74% to 35.99% is well above the site median of 12%, so a thin credit file lands at the expensive end
- Eligibility is limited to US citizens, permanent residents or people in the US on a valid visa who can provide verifiable bank details
Who each suits
Cashspace
Who it suits
- Philippine residents with a valid ID who hold a thin or damaged credit file
- Borrowers who can settle a small balance within the short 2 to 4 window
- Anyone who needs a same-day payment and accepts a hard credit check
Who should look elsewhere
- People who need a long repayment term, since 2 to 4 caps the loan short
- Anyone wanting phone support, given email, help centre and community lists none
- Borrowers who would rather deal with a single lender than a broker
Upgrade
Who it suits
- US residents who want a fixed rate held across the whole term, as fixed shows
- Borrowers consolidating several balances into a single monthly payment
- Car buyers and home improvement planners, the two uses named in home improvement and personal, debt consolidation and secured
Who should look elsewhere
- Borrowers outside the US, since US is where the lender is based and licences are US only
- Anyone wanting a firm rate before a full application, given soft prequal is a soft prequal step
- People who want a fee paid after the fact, because the arrangement fee is taken from the amount borrowed
Country by country
| Country | Cashspace | Upgrade |
|---|---|---|
| Philippines | Yes | No |
| United States | No | Yes |
Questions about each
Cashspace
What does Cashspace charge to take out a loan?+
Cashspace lists an origination fee of 0, so there is no separate setup charge on the products it offers. The cost of a loan therefore rests on the rate. The APR runs PHP 12 to PHP 36 across the personal, payday and credit line products, and the published example shows a small loan cleared over a short window for a total repayment only slightly above the sum borrowed.
How much can I borrow and how long do I have to repay?+
Borrowing runs PHP 500 to PHP 25,000, which is a small-loan range, and the term of 2 to 4 is short. That pairing suits an unexpected bill or a gap between paydays. It is not built for a large planned purchase, and the short term means a missed payment can arrive sooner than expected.
Upgrade
What rate will I pay on an Upgrade personal loan?+
Pricing runs across 7.74% to 35.99% and is set at a fixed rate, so the monthly amount does not move once the loan starts. The top of that range is well above the site median of 12%, so your credit profile decides where you land.
Is there a fee for taking out an Upgrade loan?+
Yes, an arrangement fee of 1.85% to 9.99% applies to the loan. It is taken from the loan proceeds rather than added to your opening payment, which means the amount that reaches your account is smaller than the amount approved.
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