Last Updated: 04/18/2025
SoLo Funds Personal Loans
Unaffiliated
in Personal Loans from SoLo Funds, Inc.
Last Updated: 04/18/2025
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Highlights
APR (Fee-Based Product)
N/A(Verified 06/13/2024)
Amount Range
Up to $575
Loan Term (Months)
N/A
SoLo Funds Personal Loans Review
SoLo Funds Personal Loans is offered by SoLo Funds, Inc., a marketplace lending platform founded in 2018 and based in Los Angeles, CA. SoLo Funds Personal Loans are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- Fee-based product. Unlike most personal loans, which typically charge a simple daily interest rate, SoLo Funds Personal Loans does not have a periodic interest rate. Instead, it charges a fixed-fee.
- Hard credit pull required. You can't check your rates or see if you prequalify for SoLo Funds Personal Loans without a hard pull on your credit report. Most lenders give you the option of a soft pull on you credit report.
SoLo Funds Personal Loans Pros & Cons
| Pros | Cons |
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SoLo Funds Personal Loans FAQ
What interest rates and personal loan terms does SoLo Funds Personal Loans offer?
SoLo Funds Personal Loans has lower than average interest rates for lenders reviewed on SuperMoney.
What interest rates does SoLo Funds Personal Loans offer?
SoLo Funds Personal Loans offers a fee-based personal loan product but they do not disclose their interest rates.
| Personal Loan Amount | up to $575.00 |
| Loan Term | N/A |
| APR | N/A |
What fees does SoLo Funds Personal Loans charge?
Does SoLo Funds Personal Loans charge an origination fee?
SoLo Funds Personal Loans may charge a personal loan origination fee .
Does SoLo Funds Personal Loans charge a late fee?
SoLo Funds Personal Loans does not disclose whether it charges late payment fees.
Does SoLo Funds Personal Loans charge prepayment fees?
No, SoLo Funds Personal 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 | No |
| Prepayment Fee | N/A |
| Late Payment Fee | No |
What do you need to qualify for SoLo Funds Personal Loans?
SoLo Funds Personal Loans does not require or does not disclose a credit score minimum. The minimum age to be eligible is 18 or the state minimum, whichever is higher. SoLo Funds 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 SoLo Funds Personal Loans.
To qualify, applicants may need to provide the following documentation:
- Driver's license or other government photo ID
- Government issued photo ID
- Proof of identity
| Minimum Age | 18 |
| Bank Account Required? | No |
| Credit Score | N/A |
Does SoLo Funds Personal Loans report your account activity to credit bureaus?
Yes, SoLo Funds 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 SoLo Funds, Inc. perform a hard credit pull?
Yes, SoLo Funds Personal Loans performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
Are SoLo Funds Personal Loans legit?
SoLo Funds, Inc. was founded in 2018. It is an established company that has been in business for 8 years.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.
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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.
Hours of Operation
Sunday
Closed
Monday
5:00AM - 6:00PM
Tuesday
5:00AM - 6:00PM
Wednesday
5:00AM - 6:00PM
Thursday
5:00AM - 6:00PM
Friday
5:00AM - 6:00PM
Saturday
Closed