Updated September 30, 2026 · BorrowCue Editorial Team
Multitude Bank p.l.c vs Upgrade
What sets them apart
| Compare |  Multitude Bank p.l.c |  Upgrade |
|---|---|---|
| APR | 24.99% | 7.74% to 35.99%Lower |
| Term | 9 to 199 monthsHigher | 24 to 84 months |
| Arrangement fee | 0 DKK | 1.85%-9.99% one-time origination fee, deducted from loan proceeds |
| Funding time | within minutes, 24/7 | Within 1 business day of clearing verifications |
| Representative example | Credit amount DKK 10,000 / 12 months: APR 24.99%, monthly payment DKK 934.96, total credit cost DKK 1,219.47 | $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 |
| Eligibility | Age 22+, Danish CPR number and registered address | 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 |
| Origination fee (%) | 0%Lower | 1.85% to 9.99% |
| Loan types | Personal, Credit line | Personal, Debt consolidation, Secured, Car |
| Loan amount | Not confirmed | $1,000 to $50,000 |
| Credit check | Not confirmed | Soft prequal |
| Use cases | Not confirmed | Home improvement |
Same on both: Rate type (Fixed), Lender type (Direct lender), Free early repayment (Yes).
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Key differences
- Upgrade scores higher overall: 9.2 vs 8.9.
- APR is lower at Upgrade: 7.74% to 35.99% vs 24.99%.
- Origination fee (%) is lower at Multitude Bank p.l.c: 0% vs 1.85% to 9.99%.
- Term is higher at Multitude Bank p.l.c: 9 to 199 months vs 24 to 84 months.
- Support channels: only Upgrade offers Email, Phone.
- Loan types: only Multitude Bank p.l.c offers Credit line.
- Loan types: only Upgrade offers Debt consolidation, Secured, Car.
Our verdict on each
Multitude Bank p.l.c
Multitude Bank p.l.c suits borrowers in Denmark seeking flexible credit line borrowing with rapid access to funds around the clock and clear fixed pricing for planning repayments with confidence over time. Pricing sits at APR of 24.99% with repayment terms of 9 to 199 months for extended schedules.
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 | Multitude Bank p.l.c | Upgrade |
|---|---|---|
| Cost | 9.1HigherCost reflects APR at 24.99% with 0% charge level. | 9.0 |
| Offer | 8.1Offer reflects personal and credit line with same day funding and credit line flexibility. | 9.3HigherAmounts of $1,000 to $50,000 over terms of 24 to 84 at a fixed rate, fee taken from the payout. |
| Trust | 9.3HigherTrust reflects direct lender status and 2005 history. | 9.2 |
Feature by feature
| Loan types | Multitude Bank p.l.c | Upgrade |
|---|---|---|
| Personal | Yes | Yes |
| Debt consolidation | No | Yes |
| Credit line | Yes | No |
| Secured | No | Yes |
| Car | No | Yes |
From lowest to highest
| Fact | Multitude Bank p.l.c | Upgrade |
|---|---|---|
| Term | 9 to 199 months | 24 to 84 months |
Where each is licensed and available
| Country | Multitude Bank p.l.c | Upgrade |
|---|---|---|
| Malta | Not confirmed | |
| United States | Not confirmed |
Additional countries for Multitude Bank p.l.c: 1. Additional countries for Upgrade: 1.
Where these facts come from
Multitude Bank p.l.c
- ferratumbank.dk: 17 facts, checked September 30, 2026
Upgrade
- upgrade.com: 19 facts, checked September 26, 2026
How they place
| Ranking | Multitude Bank p.l.c | Upgrade |
|---|---|---|
| Personal loans | 29 of 1932 | 91 of 1932 |
| Lines of credit | 4 of 328 | 15 of 328 |
Every fact side by side
| Fact | Multitude Bank p.l.c | Upgrade |
|---|---|---|
| Pricing model | Fixed rate | Fixed rate |
| Features | Same day funding, Credit line | Same day funding, Credit line |
| Legal entity | Multitude Bank p.l.c. | Upgrade, Inc. |
| Headquarters | Malta | United States |
| Founded | 2005 | Not confirmed |
| Support channels | Help centre | Email, Phone, Help centreCovers more |
Where each stands against the rest
| Fact | Multitude Bank p.l.c | Upgrade | Median |
|---|---|---|---|
| APR | 24.99%highest quarter | 7.74% to 35.99%below the median | 8.99% |
| Loan amount | Not confirmed | $1,000 to $50,000above the median | $35,000 |
| Term | 9 to 199 monthshighest quarter | 24 to 84 monthsabove the median | 60 |
| Origination fee (%) | 0%below the median | 1.85% to 9.99%above the median | 0.25% |
Median across 1005 listed lenders.
Pros and cons
Multitude Bank p.l.c
Pros
- Funding arrives within minutes, 24/7 with same day funding and credit line access for borrowers managing urgent spending needs.
- Origination fee of 0 DKK with level at 0% keeps upfront charges contained for personal and credit line.
- Free early repayment allows clearing balances ahead of schedule without extra charge across 9 to 199 months.
Cons
- Support runs on help centre only, which may suit borrowers comfortable with self service help around within minutes, 24/7.
- Pricing at 24.99% exceeds 23% from Mi Prestamo, which matters for rate sensitive borrowing over 9 to 199 months.
- Fixed pricing through fixed and fixed rate leaves limited choice for borrowers seeking variable terms over 9 to 199 months.
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
Multitude Bank p.l.c
Who it suits
- Residents who value rapid credit line access and accept support on help centre may prefer this brand over AXI Card Tarjeta y Credito for direct bank servicing.
- Borrowers planning extended repayment across 9 to 199 months with fixed pricing at 24.99% may prefer this brand over Ibancar Prestamos for schedule flexibility.
- Danish applicants meeting Age 22+, Danish CPR number and registered address who want personal and credit line from direct lender may prefer this brand over Mi Prestamo for account structure.
Who should look elsewhere
- Borrowers seeking phone based service rather than support on help centre may prefer Mi Prestamo for a different contact approach.
- Borrowers prioritising lower headline APR than 24.99% may prefer Ibancar Prestamos because its listed APR at 12.74% to 13.01% sits below this brand.
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 | Multitude Bank p.l.c | Upgrade |
|---|---|---|
| Denmark | Yes | No |
| United States | No | Yes |
Questions about each
Multitude Bank p.l.c
What does borrowing cost?+
Fixed rate pricing applies at APR of 24.99% under fixed terms through fixed rate. The published representative example outlines monthly payment and total credit cost for planning. Fixed pricing helps borrowers anticipate repayment amounts across 9 to 199 months.
How fast is funding?+
Funding is described as within minutes, 24/7 with availability noted in same day funding and credit line. Credit line access allows repeated withdrawals within the agreed limit subject to checks. Timing can vary with verification and bank processing while direct lender manages disbursement.
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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