Is SoFi® Personal Loans the right fit for you?
Last Updated: 04/24/2026
SuperMoney User Recommendation Score +38
Mostly recommended108 total votes
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Highlights
Community Rating
Mostly recommended
APR (Fixed APR)
7.74% - 35.49%(Verified 04/24/2026)
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Amount Range
$5,000 - $100,000
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Loan Term (Months)
24 - 84
Number of Reviews
SoFi® Personal Loans Review
SoFi® Personal Loans is offered by SoFi, a bank founded in 2011 and based in San Francisco, CA. Sofi loans are available in 49 states and Washington, DC.
Key Takeaways
- APRs starting at 7.74%. Rate is quoted with autopay discount*. Personal loan interest rates typically range between 9% and 36%. The starting rates for SoFi® Personal Loans are on the lower end of the spectrum.
- Fast access to funds. If approved, SoFi will send the money in as little as 24 hours. (Same-Day Personal Loan Funding: Same Day Funding means that most borrowers receive funds the same day when loan is approved and the loan agreement is signed by 5:30 PM ET on a business day. SoFi does not guarantee this, and delays may occur outside of our control, such as if inaccurate information is submitted, the receiving bank declines the transfer. Your bank may have rules on when the funds become available. Does not include personal loans originated with a SoFi partner bank.)
- Large loan amounts. You can apply for loan amounts of up to $100,000 with SoFi® Personal Loans .
- Prequalified rate. You can check your prequalified rate at SoFi with a soft pull that will not affect your FICO or VantageScore.
- Origination fees of 0% to 7%. This is on the high end for lenders on SuperMoney's database. Don't forget that these fees are deducted from the loan amount, so take them into account when deciding how much money to borrow.
- No late fees. SoFi® Personal Loans will not charge additional fees if you miss the due date on a payment.
- Coborrower applications accepted. Applying for SoFi® Personal Loans with a coborrower who has better credit than you could improve your chances of approval and may help you qualify for lower interest rates.
- Super long loan terms. SoFi® Personal Loans offers loan terms of up to 84 months. Most personal loans have a maximum term of 60 months.
Sofi loans Pros & Cons
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Sofi loans FAQ
What interest rates and personal loan terms does Sofi loans offer?
Sofi loans has lower than average interest rates for lenders reviewed on SuperMoney.
What interest rates does Sofi loans offer?
Sofi loans offers a fixed APR personal loan product that ranges from 7.74% APR up to 35.49% APR. Rate is quoted with autopay discount*.
How much can you borrow via Sofi loans?
Personal loan amounts start at $5,000 and go up to $100,000
What is the maximum loan term you can get with Sofi loans?
Sofi loans offers loans with terms of up to 84 months.
| Personal Loan Amount | $5000 - $100000 |
| Loan Term | 24 - 84 months |
| APR | 7.74% - 35.49% Rate is quoted with autopay discount* |
What fees does Sofi loans charge?
Does Sofi loans charge an origination fee?
Sofi loans may charge a personal loan origination fee of 0% to 7% of the personal loan amount of $0 Sofi loans deducts the origination fee directly from your personal loan amount, so make sure you take this fee into account when deciding how much you need to borrow.
Does Sofi loans charge a late fee?
No, Sofi loans will not charge you a late fee if you miss payments.
Does Sofi loans charge prepayment fees?
No, Sofi loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the personal loan off early.
| Origination Fee | 0% - 7% |
| Prepayment Fee | No |
| Late Payment Fee | No |
What do you need to qualify for SoFi® Personal Loans?
Applicants with a credit score of at least 680 and up to 850 may be eligible for SoFi® Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher. SoFi® Personal Loans does not have or does not disclose a minimum annual income eligibility requirement. Note that borrowers can add a co-borrower to either meet eligibility requirements or qualify for lower interest rates.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by SoFi® Personal Loans. Not all companies will work with visa holders. SoFi does offer its services to temporary resident visa holders such as F1 or H1B holders.
To qualify, applicants may need to provide the following documentation:
- Applicants must have an active and valid personal checking account
- Recent pay stubs
- Proof of income
- Driver's license or other government photo ID
- Proof of citizenship or residence permit
| Minimum Age | 18 |
| Bank Account Required? | Yes |
| Application Types Accepted |
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| Credit Score | 680 - 850 |
What is the estimated funding time for a personal loan via Sofi loans?
Sofi loans will typically fund loans within 1 to 7 business days of approval and clearing necessary verifications.
Does SoFi® Personal Loans report your account activity to credit bureaus?
Yes, SoFi® Personal Loans reports to the following credit bureaus:
- Equifax
- Experian
- TransUnion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.
Does SoFi perform a hard credit pull?
As is the case with most providers, a hard credit pull will likely occur if you accept an offer after checking your rates. Sofi loans allows you to check your rates with a soft credit pull.
Are SoFi® Personal Loans legit?
SoFi was founded in 2011, it is a well-established company that has been in business for 15 years. Based on their "mostly recommended" SuperMoney community rating, they seem to be a reputable company.
SoFi® Personal Loans Disclosure: 1. Pricing Disclosure
Fixed rates from 7.74% APR to 35.49% APR. APR reflects the 0.25% autopay discount and a 0.25% direct deposit discount. SoFi Platform personal loans are made either by SoFi Bank, N.A. or , Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC, Equal Housing Lender. SoFi may receive compensation if you take out a loan originated by Cross River Bank. These rate ranges are current as of 03/24/26. and are subject to change without notice. Not all rates and amounts available in all states. See SoFi Personal Loan eligibility details at https://www.sofi.com/eligibility-criteria/#eligibility-personal. Not all applicants qualify for the lowest rate. Lowest rates reserved for the most creditworthy borrowers. Your actual rate will be within the range of rates listed above and will depend on a variety of factors, including evaluation of your credit worthiness, income, and other factors. Loan amounts range from $5,000– $100,000. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 9.99% of your loan amount for Cross River Bank originated loans which will be deducted from any loan proceeds you receive and for SoFi Bank originated loans have an origination fee of 0%–7%, will be deducted from any loan proceeds you receive.
2. Direct Deposit Discount
Direct Deposit Discount: To be eligible to receive an additional (0.25%) interest rate reduction on your Personal Loan (your "Loan"), you must set up Direct deposit with a SoFi Checking and Savings account offered by SoFi Bank, N.A., or enroll in SoFi Plus by paying the SoFi Plus Subscription Fee, all within 30 days of the funding of your Loan. Once eligible, you will receive this discount during periods in which you have enabled Direct Deposit to an eligible Direct Deposit Account in accordance with SoFi's reasonable procedures and requirements to be determined at SoFi's sole discretion, or during periods in which SoFi successfully receives payment of the SoFi Plus Subscription Fee. This discount will be lost during periods in which SoFi determines you have turned off Direct Deposit to your Checking and Savings account or in which you have not paid for the SoFi Plus Subscription Fee. You are not required to enroll in Direct Deposit or to pay the SoFi Plus Subscription Fee to receive a Loan.
3. Terms and Conditions Disclosure
Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or other eligible status, be residing in the U.S., and meet SoFi's underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates reserved for the most creditworthy borrowers. If approved, your actual rate will be within the range of rates at the time of application and will depend on a variety of factors, including term of loan, evaluation of your creditworthiness, income, and other factors. If SoFi is unable to offer you a loan but matches you for a loan with a participating bank, then your rate may be outside the range of rates listed above. Rates and Terms are subject to change at any time without notice. SoFi Personal Loans can be used for any lawful personal, family, or household purposes and may not be used for post-secondary education expenses. Minimum loan amount is $5,000. The average of SoFi Personal Loans funded in 2024 was around $33K. Information current as of 11/03/25. SoFi Personal Loans originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org). See SoFi.com/legal for state-specific license details. See SoFi.com/eligibility for details and state restrictions.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Message from Sofi loans
Message from our editor
What we love about SoFi Personal Loans
SoFi offers personal loans with maximums far higher than the maximums offered by many other lenders. The company also offers highly competitive interest rates for its loans, making it one of the cheapest options on the market.
The company keeps fees to a minimum, not charging origination fees or early repayment fees.
Customers can customize their loan terms, letting them adjust the monthly payment to something that fits within their budget. Because there are no early repayment fees, there’s no penalty for choosing a low monthly payment and paying to loan off ahead of schedule.
Pre-qualifying for a loan takes minutes and won’t impact your credit. That means you can easily check if you qualify and the interest rate that SoFi will offer.
What could SoFi Personal Loans do better?
The greatest drawback of SoFi is that it primarily targets people with excellent credit. If you don’t have a good credit history, you may struggle to qualify for a loan from the company. Beyond that, there is little to complain about with the company.
SoFi Personal Loans’s backstory
SoFi started in 2011 as a community lender for graduates of Stanford. It grew into one of the Largest student loan refinancers in the United States before expanding into offering other forms of loans. By 2017, the company had funded more than $20 billion in loans.
The Verdict
If you have strong credit, SoFi is a great choice of lender thanks to its high loan maximums, flexible loan terms, low rates, and lack of fees. The catch is that people with less than perfect credit will struggle to qualify, meaning they’ll have to find another lender to work with.
Hours of Operation
Sunday
4:00AM - 5:00PM
Monday
4:00AM - 9:00PM
Tuesday
4:00AM - 9:00PM
Wednesday
4:00AM - 9:00PM
Thursday
4:00AM - 9:00PM
Friday
4:00AM - 5:00PM
Saturday
4:00AM - 5:00PM
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SuperMoney Net Recommendation Score
SuperMoney users mostly recommend this product, giving it a user recommendation score of +38, or 3.8 on a 5-point rating scale.
+38
-1000+100
No one recommends
Everyone recommends
SoFi® Personal Loans Community Reviews
Would you recommend SoFi® Personal Loans to your friends?
CA
Cody A.
Mar 14, 2024
May or may not recommend
I could say that this is a fairly decent loan company; they do offer a fair amount of personalized loans to fit your situation. However, there are other loan companies that have competitive rates as well. I've have never had the luxury of needing such a large loan for anything other than a home, but on the plus side, granting customers with the means to track their credit score without ...Show More
YA
Yesmin A.
Nov 1, 2023
May or may not recommend
SoFi personal loans can be a smart option for borrowing money. They offer reasonable interest rates and let you repay at your own pace. The application process is simple, and if you need help, their customer service is known for being friendly and supportive
JC
Jade C.
Oct 26, 2023
May or may not recommend
SoFi was extremely easy to use and had a really good, easy to use website when applying. They provide your rates very quickly, basically immediately, and it doesn't ding your credit score when you may just be shopping around for the best loan. There were a few other companies I considered for the loan, but SoFi had the best rate. Their interface when making payments is really user-friendly, too.
TM
Tamutswa M.
Jul 12, 2023
May or may not recommend
In my experience with SoFi.com, I found it to be a solid financial platform with a range of services to meet diverse needs. Here's my middle-ground review:
SoFi.com offers a user-friendly interface that makes navigating the platform relatively straightforward. They provide a variety of loan options, including personal loans, student loan refinancing, mortgages, and business loans. While the rates and terms are generally competitive, they may not always be the absolute ...Show More
BK
Ben K.
Feb 3, 2023
May or may not recommend
A SoFi personal loan is a great option for borrowers who make a decent income and have good credit. There are no origination fees or late fees, and you won’t be penalized for paying off your balance early.
DS
Dayna S.
Jan 26, 2023
May or may not recommend
Long loan terms, low-ish APR rates, co-borrowers allowed, and the best benefit of using SoFi, NO LATE FEES! Really happy with SoFi and the terms we were able to come up with. For someone who is living pay check to pay check having no late fees can be a real lifesaver.
MC
Mazhar C.
Nov 25, 2022
May or may not recommend
I think that this company is very informative throughout their entire process. I like that the company provides thorough educational resources results.
KS
Kaya S.
May 24, 2022
May or may not recommend
Although we keep returning back to SoFi for various types of loans we have found a few better options in terms of types of APR return and the length of loan in order to pay it back.
MC
Misty C.
Jan 5, 2022
May or may not recommend
Almost every dime my family and I had was stolen from some evil being in Saudi Arabia on Dec 23! I couldn't buy my children's Christmas gifts, I had to go to the Emergency Room because I don't have money for my meds, I have no gas, can't buy food...nothing! I reported the charges fraudulent on Dec 26th. NO ONE from SoFi will call, return a call, an email, NOTHING! ...Show More
HN
Haley N.
Dec 16, 2021
May or may not recommend
I think that this company is very informative throughout their entire process. I like that the company provides thorough educational resources results.
VJ
Vallarie J.
Nov 10, 2021
May or may not recommend
I worked with SoFi when refinancing my student loans and decided to use them again to help get a personal loan to deal with some credit card debt. They were extremely helpful in making the process simple and easy for me. There's a good range of loan terms as well, I wanted the option to have a very short loan term. I got approved quickly and would definitely work with ...Show More
LA
Lisa A.
Oct 11, 2021
May or may not recommend
SoFi was so easy to work with on getting the best rates for a personal loan. The process was quite simple and the approval time didn't take long at all. They offer direct withdrawal monthly so I didn't need to worry about making the payment.
VD
Vic D.
Feb 26, 2021
May or may not recommend
The fees that they charge down the road is worth it in the big scheme of things. Refinancing student loans through them does save you money. I have heard on many occasions that they have been very forgiving and lenient during the pandemic. That says a lot about there company, and there customer service.
Justina G.
Feb 24, 2021
May or may not recommend
I've been a sofi customer for a few years and I called them for a payment deferral due to the CV19 outbreak affecting our employment. My wife works in the medical field and they closed her office so I called them asking for a deferment of a payment and they graciously granted us this without any hassle. I truly appreciate this and commend them for providing great customer service.
EK
Edwin K.
Jan 2, 2021
May or may not recommend
I am a student from a not well off family and during my time in school I sometimes use personal loans to get myself through some of my expenditures.Over the years I had been using a different money lender until a friend introduced me to SOFI Personal Loans. SOFI personal Loans has been a game changer for me,with there fast cash access offer I can deal with my cash needs ...Show More
MW
Micheal W.
Jan 2, 2021
May or may not recommend
Getting a loan used to be a 'no-no' for me because of the pressure to pay back and high interest. But SoFi personal loans proved me wrong.
I needed a loan to take my business to the next level, and I came across SoFi. After I placed a call to make inquiries, I was invited to their office and boy was I impressed! Their modus operandi, skills, and professionalism were excellent! ...Show More
JA
Jacob A.
Dec 23, 2020
May or may not recommend
I was searching for a loan of over 5k and ran into SoFi personal loans. I was hesitant at first due to a few negative reviews, but they seemed best suited for my loan needs. So I gave them a shot and was pleasantly pleased. If you are looking for a loan on the higher end, then I recommend SoFi loans.
Audrey F.
Dec 7, 2020
May or may not recommend
SoFi seemed too good to be true and was... at least for me. I wanted to use it as a tool to raise my credit and consildate debt, mainly student debt, but needed good credit to have better credit... the classic terrible cycle. So it was a disappointment. And they now often offer all these credit cards via email I could never qualify for under the heading "cards you can ...Show More
AK
Abdirahin K.
Dec 1, 2020
May or may not recommend
Really needed a personal loan that required a substantial amount of money. Read reviews on SoFi and had seen a lot of good remarks. I gave them a shot. Approval was quick! They just needed a few things like everyone else. Spoke to a rep there over the phone. VERY VERY nice and informative. Very pleasant to talk to and was able to answer all my questions. They gave me ...Show More
KD
Kelish D.
Nov 1, 2020
May or may not recommend
Not many loan companies give up to $100, 000 amount. Those that do come with a lot of paperwork, processes, and added stress. SoFi changed all that for me. As a business owner, I needed to make an upgrade and take my business to the next level. SoFi helped me achieve that with their fast offer loans that cover the bulk if not all f my expenses. No hidden charges. ...Show More
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