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Last Updated: 02/24/2026

SoFi® Personal Loans

in Personal Loans from SoFi

Last Updated: 02/24/2026

Created by:

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Fact Checked by:

fact checked by author logoAndrew Latham

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SoFi
SoFi® Personal Loans logo
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Mostly recommended108 total votes
69 users recommend
11 users are unsure
28 users don't recommend
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Compare personal loan offers from SoFi® Personal Loans and their competitors.

Compare personal loan offers from SoFi® Personal Loans and their competitors.

Discover your lowest eligible rate in minutes.

Discover your lowest eligible rate in minutes.

See how much you qualify for and what your monthly payment will be.

See how much you qualify for and what your monthly payment will be.

Get Personalized Rates

It's quick, easy, and won't hurt your credit score.

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Highlights

Community Rating

Mostly recommended

APR (Fixed APR)

8.74% - 35.49%(Verified 02/24/2026)
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Amount Range

$5,000 - $100,000
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Loan Term (Months)

24 - 84

Number of Reviews

108

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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 8.74%. 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, you can sometimes get your money within 1 business day*. (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.
  • 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

Sofi loans FAQ

What interest rates and personal loan terms does Sofi loans offer?

What interest rates does Sofi loans offer?

Sofi loans offers a fixed APR personal loan product that ranges from 8.74% 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.

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.

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.
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

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: Fixed rates from 8.74% 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 2/23/26. 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. Autopay: The SoFi 0.25% autopay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. Autopay is not required to receive a loan from SoFi. 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.
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.

SoFi® Personal Loans logo

Message from Sofi loans

SoFi’s mission is to help people reach financial independence to realize their ambitions. And financial independence doesn’t just mean being rich—it means getting to a point where your money works for the life you want to live. Everything we do is geared toward helping our members get their money right. We’re constantly innovating and building ways to give our members what they need to make that happen. Combining strong expertise in financial services and the experience of seasoned entrepreneurs, our team is passionate about building a company that’s unlike any other. Our core values are at the center of how we think about serving our members, building our company, and most importantly, how we work together. At SoFi, it’s not just what we do—but how we do it.

Low rates. No hidden fees. Personal loans made easy. No matter your next step, SoFi can help you get there.

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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.

Contact

Headquarters

234 1st Street
San Francisco, CA 94105
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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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