Last Updated: 02/24/2026
SuperMoney User Recommendation Score +38
Mostly recommended108 total votes
Cast Your Vote
Get Competing Personal Loan Offers
Compare personal loan offers from SoFi® Personal Loans and their competitors.
Discover your lowest eligible rate in minutes.
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.
Highlights
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
| 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.
| Personal Loan Amount | $5000 - $100000 |
| Loan Term | 24 - 84 months |
| APR | 8.74% - 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.
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 |
| 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.
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 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