SoFi Personal Loans Review

I'm Donny. I'm a world traveler, investor, entrepreneur, and online marketing aficionado who has a big appetite to compete and disrupt big markets. I thrive on being able to create things that impact change, difficult challenges, and being able to add value in negative situations.

Are you tired of long and hard loan application processes? SoFi personal loans can help you with debt consolidation, paying bills, a mortgage, and so much more! 

The bottom line, the quick and easy process will help connect you with thousands, tens of thousands, and up to $100,000 in days. As long as you have good credit, you’re a shoo-in! 

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Our Partner

Personal Loans


  • Fixed rate loans
  • No additional fees
  • Same-day funding
  • Unemployment protection
Overall Rating

Best for Bad Credit Loans

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Pros & Cons

Here are some of the benefits of using a SoFi personal loan: 


  • No fees
  • Loans up to $100,000
  • Joint applications are allowed
  • It’s highly accessible


  • Good credit is a must
  • Funding takes a few days

SoFi personal loans can help you pay for what you need and when you need it. This low-interest personal loan can make all of life’s moments affordable and accomplishable. 

Too good to be true, right? False! SoFi personal loans are just that easy and accessible if you have the right qualifications.  You can get your rate in 60 seconds on the SoFi website or app. 

And the best news is that this will not affect your credit score.  Simply checking your rate won’t make your credit score budge. Once you see your potential rate, you can apply online and get access to the live support network seven days a week. 

No fees, low rates, unemployment protection, and easy online access make this loan simple and stress-free. All you need is a good credit score to back it up. 

In this SoFi personal loans review you will learn the pros and cons of the SoFi personal loan and what you will need to qualify for one.

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Quick Summary

Estimated APR: 5.74-20.28%

Loan Amount: Up to $100,000

Promotion: Get a bonus up to $1,000 in stocks or crypto rewards

About SoFi

Social Finance–-also known as SoFi–-is a personalized loan that is a solid option for borrowers who have good credit and make a decent income. No late fees or origination fees are attached to it. Borrowers won’t be penalized if they decide to pay the balance off early. 

When you sign a SoFi loan, not only do you not have to worry about fees and high rates, you also get several exclusive benefits for being a member. This includes access to career coaches, financial advisors, invites to exclusive virtual events, and other experiences. 

The only state where SoFi loans are not available is Mississippi. They are repayable during a two- to seven-year timeframe. 

Interest rates for the personal loan range from 5.47 percent to 20.28 percent. They are based on a 0.25 percent autopay reduction. What does this mean?

Borrowers allow for monthly payments to be automatically taken from their checking or savings accounts. The maximum interest rate may be lower in various states.

SoFi Personal Loan Services

SoFi offers a lot of loan services that will help you save, spend, earn, borrow, invest and protect your money. And it all happens in the comfort of one app. 

You can use the money for family planning, a wedding, travel, credit card consolidation, and home improvement. You can make your dream wedding come true with a personal wedding loan.

You can get $5,000 to $100,000 for your wedding or honeymoon: no fees, fast funding, and a fixed payment schedule. The personal travel loan lets you explore new places and return home to a fixed rate as low as 5.74% APR. 

Family planning loans allow you to grow your family with $5,000 to $100,000. It covers pregnancy, adoption, IVF, or surrogacy costs.  If you have credit card debt with a high-interest rate, you can use a credit card consolidation loan to get rid of it!

These can have an APR as low as 5.74%. These personal loans make it easier to manage your debt and save money.  When it comes to your dream home, SoFi can help you get it with a home improvement loan.

Financing your next home project this way will help keep your costs organized. These fixed personal loan rates range from 5.74% APR to 20.28%. This includes all discounts. 

Besides personal loans, SoFi also offers student loan financing, private student loans, home loans, refinancing loans for graduate and medical students, and investing advice.

How to Qualify for a Loan

The application process may seem daunting, but it is easy. You will need to know a few things about your financial history, but once you’ve collected the information the application process is easy in the SoFi app. 

First, figure out how much you would like to borrow. Next, check your credit score. See how strong it is and understand that credit scores under 680 won’t get you a loan. 

The third step is to get pre-qualified. This process can show you how much the loan could potentially be approved for. SoFi lets you check this rate for free. 

When submitting your application, be sure to have your photo ID, proof of address, and proof of employment or income. The lender will do a hard credit check.

This includes collecting information from three major credit bureaus. This could potentially affect your credit score. 

Some ways that you can improve your chances of getting a loan include improving your credit score to over 680, keeping a stable job, and adding a co-borrower.

Who is SoFi Best For?

So, how do you know if the SoFi loan is right for you? If you have excellent credit, short credit history, and want to manage your finances online, SoFi may be a good fit for you. 

The system rewards people who have managed to keep their credit score above a 679 and have a short credit history. SoFi is interested in how responsible you are for paying bills rather than the amount of time you have been paying them for. 

If you are tech-savvy and like to manage your payments online, then SoFi loan services may be the best fit. The entire process is online: from applying for the loan to getting approval.

 Should I Apply for a Loan with SoFi?

The SoFi personal loan will help ease your stress and allow you to fulfill your life-long goals. The application process is painless and allows you access to up to $100,000.

No unexpected fees will help you rest easy knowing that the money you are borrowing won’t magically double or turn into more than you bargained for.

So, if you are dreaming of the perfect wedding, itching to take a vacation, start a family or pay off your credit card debt, the SoFi personal loan is for you.

Contact SoFi today and check out your rate. You will be surprised about how easy and quickly thousands of dollars will be.

Compare to Other Lenders

Credible logo
  • Loan Amount: Up to $100,000
  • APRs: 2.49%-35.99%
  • Min. Credit Score: 680
Upstart logo
  • Loan Amount: Up to $50,000
  • APRs: 6.95 - 35.99%
  • Min. Credit Score: 580
Upgrade logo
  • Loan Amount: Up to $50,000
  • APRs: 5.94-35.47%
  • Min. Credit Score: 560

SoFi Personal Loans FAQ’s

Is SoFi a legitimate loan company?

Yes! It is a 100% legitimate loan company that will help you achieve your financial success through personalized loans.

How long does it take SoFi to fund a personal loan?

You will usually have to wait about six to 15 business days to get money from a SoFi personal loan. This includes around two to four business days to get approved and another four to 11 days to get the funds after being approved.

What is the minimum credit score for a SoFi loan?

You need at least a 680 credit score to qualify for a SoFi loan.

What interest rates can I expect to pay on a personal loan?

You can expect to pay 5.74% APR–20.28% APR.


SoFi provides financial products that includes student loan refinancing, mortgages, personal loans, credit card, investing, and banking through both mobile app and desktop interfaces.

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I'm Donny. I'm a world traveler, investor, entrepreneur, and online marketing aficionado who has a big appetite to compete and disrupt big markets. I thrive on being able to create things that impact change, difficult challenges, and being able to add value in negative situations.

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