Updated September 28, 2026 · BorrowCue Editorial Team
Solcredito MX vs Upgrade
Where Solcredito MX and Upgrade differ
| Compare |  Solcredito MX |  Upgrade |
|---|---|---|
| APR | 9.5% to 3,696% | 7.74% to 35.99%Lower |
| Loan amount | up to MX$100,000 | $1,000 to $50,000 |
| Term | 3 to 48 months | 24 to 84 monthsHigher |
| Arrangement fee | 0 MXN | 1.85%-9.99% one-time origination fee, deducted from loan proceeds |
| Funding time | Within 24 hours | Within 1 business day of clearing verifications |
| Representative example | Borrow $10,000 at a 12% annual rate over 6 months: monthly payment $1,732.98, total repayment $10,397.88 (total CAT 12.001%) | $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 | 18-80 years old, resident in Mexico, hold an account at a national bank, email and mobile phone | 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, Car, Secured, Debt consolidation, BNPLCovers more | Personal, Debt consolidation, Secured, Car |
| Credit check | Not confirmed | Soft prequal |
| Free early repayment | Not confirmed | Yes |
| Origination fee (%) | Not confirmed | 1.85% to 9.99% |
| Credit needed | Poor | Not confirmed |
Same on both: Rate type (Fixed), Use cases (Home improvement).
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Key differences
- Upgrade scores higher overall: 9.2 vs 8.7.
- APR is lower at Upgrade: 7.74% to 35.99% vs 9.5% to 3,696%.
- Term is higher at Upgrade: 24 to 84 months vs 3 to 48 months.
- Support channels: only Upgrade offers Phone.
- Features: only Upgrade offers Credit line.
- Loan types: only Solcredito MX offers BNPL.
Our verdict on each
Solcredito MX
Solcredito MX suits Mexican residents with poor credit who need a personal loan quickly and want the repayment fixed. Funding lands Within 24 hours, the origination fee is 0 MXN, and the wide rate band is the main thing to check before you sign.
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 | Solcredito MX | Upgrade |
|---|---|---|
| Cost | 8.9 | 9.0Higher |
| Offer | 8.59.5% to 3,696% is far wider than the alternatives, which is what holds the offer score back, though the fixed fixed rate keeps payments predictable. | 9.3HigherAmounts of $1,000 to $50,000 over terms of 24 to 84 at a fixed rate, fee taken from the payout. |
| Trust | 8.5 | 9.2Higher |
Where they rank in our lists
| Ranking | Solcredito MX | Upgrade |
|---|---|---|
| Personal loans | 61 of 1932 | 91 of 1932 |
| Debt consolidation loans | 23 of 425 | 34 of 425 |
| Secured loans | 10 of 472 | 15 of 472 |
| Car loans | 17 of 431 | 22 of 431 |
| Home improvement loans | 28 of 562 | 40 of 562 |
Choosing between them
Pick Solcredito MX if loan types matter most.
Pick Upgrade if offer, trust, apr, and term matter most.
Every fact side by side
| Fact | Solcredito MX | Upgrade |
|---|---|---|
| Pricing model | Fixed rate | Fixed rate |
| Features | Same day funding | Same day funding, Credit lineCovers more |
| Legal entity | Fiizy OU | Upgrade, Inc. |
| Headquarters | Estonia | United States |
| Founded | 2011 | Not confirmed |
| Support channels | Email, Help centre | Email, Phone, Help centreCovers more |
Where each stands against the rest
| Fact | Solcredito MX | Upgrade | Median |
|---|---|---|---|
| APR | 9.5% to 3,696%above the median | 7.74% to 35.99%below the median | 8.99 |
| Term | 3 to 48 monthsbelow the median | 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
Solcredito MX
Pros
- Origination fee of 0 MXN, so the cost is the interest and the amount you repay rather than a fee sitting on top.
- Poor credit is enough: poor is the stated requirement, and 70.1% shows most brands in the bad credit ranking ask the same.
- Quick payout on an accepted application, with funding Within 24 hours and same-day funding listed as a feature, same day funding.
Cons
- The rate band is the weak point: 9.5% to 3,696% stretches far wider than the 10% to 23% at Monzo Flex or the PHP 12 to PHP 36 at Cashspace.
- Support runs on email and help centre only, while phone is the most common channel in the personal loan ranking, 85.3%.
- It is a broker, broker, so the rate and the contract come from whichever lender takes the application, and direct lenders lead the personal loan ranking at 76.3%.
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
Solcredito MX
Who it suits
- Adults living in Mexico with a bank account, an email address and a mobile number, applying on poor credit.
- Borrowers who need the money Within 24 hours and can live with a monthly amount set on a fixed basis.
- People consolidating debts, buying a car or fixing up a home, since personal, car and secured and home improvement cover those uses.
Who should look elsewhere
- Borrowers who want a tight rate band: Monzo Flex prices at 10% to 23% and Cashspace at PHP 12 to PHP 36, both narrower than 9.5% to 3,696%.
- People who need to talk something through, since support is limited to email and help centre rather than a phone line.
- Borrowers wanting a bigger sum than up to MXN 100,000 or a longer term than 3 to 48, who would do better checking direct lenders 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
Current offers
Solcredito MX
Current offer
First period offer
First loan from 0% interest: 0% interest on the first loan
Offer depends on the lender network; the exact CAT and any charges are disclosed before signing the loan contract
Source, checked September 26, 2026
Bonus
Extra $12,000 from 0% for special events: 12,000 MXN additional credit at 0%
Special event promotion on personal loans, terms per lender offer
Source, checked September 26, 2026
Country by country
| Country | Solcredito MX | Upgrade |
|---|---|---|
| Mexico | Yes | No |
| United States | No | Yes |
Questions about each
Solcredito MX
What rate will I pay on a Solcredito MX personal loan?+
Rates depend on the partner lender your application reaches, and the published band is 9.5% to 3,696%, which is wide. For context, the middle of the market on this site is 12%. Ask for the rate in writing once an offer lands, and compare the total you repay against the amount you borrow.
Does Solcredito MX charge an origination fee?+
The stated origination fee is 0 MXN, so the headline cost here is the interest itself. That compares well with lenders that add a fee on top of the rate. Read the partner lender's terms too, since a broker arrangement carries terms set by the funder.
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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