Apply for your personal loan of up to $100,000 with low rates and fixed payments.

Looking for a fully online and secure loan?

SoFi offers loan plans of up to $100,000 with special conditions and discounts when setting up AutoPay.

Why Choose SoFi Personal Loans?

SoFi stands out in the American financial market as one of the most trusted companies in the personal loan sector.

As a widely respected brand in the country, it provides the security and reliability needed to access top-tier services.

With a fully online platform, SoFi simplifies the application process, offering competitive rates and highly flexible terms.

Loan Plans

SoFi offers personal loans ranging from $5,000 to $100,000 for a variety of purposes.

You can secure a loan for consolidating credit card debt, covering medical expenses, making life purchases, and anything else you may need.

The interest rates are fixed, ranging from 8.99% to 29.49% APR, with a 0.25% discount for automatic payments (AutoPay).

Repayment terms vary between 2 to 7 years, giving you plenty of time to plan your finances effectively.

Pros of SoFi

• Simplified Process: The personal loan application is completely online, and you can check your possible rate in just 60 seconds.
• No Surprise Fees: SoFi does not charge an origination fee or prepayment fee, so you can proceed with confidence.
• Competitive Rates: According to SoFi, the average APR is around 15% for most loans.
• Customer Service: SoFi stands out for its excellent customer care, offering a highly personalized and supportive service, even in a digital format.

Cons of SoFi

• High Credit Requirements: SoFi may require higher credit scores for the best rates and may offer a higher APR for lower scores.
• High Minimum Loan Amount: Loans start at $5,000, which may be too high for some borrowers.
• Geographic Availability: While widely available, some restrictions may apply depending on the borrower’s state of residence.

Who Can Apply?

Here are the key requirements for eligibility:

• Residency: Must reside in a state where SoFi Lending Corp or SoFi Bank, N.A. is authorized to provide loan services.
• Age: Must be at least 18 years old.
• Financial Stability: Must have a stable income to demonstrate the ability to repay the loan.
• Credit History: Must maintain a favorable credit history. While SoFi does not specify a minimum credit score, a strong credit history increases approval chances.
• Citizenship: Must be a U.S. citizen or a permanent resident.

How to Apply

1. Pre-Qualification: Visit SoFi’s official website and provide basic information to check available rates and terms. This step does not affect your credit score.
2. Formal Application: If the pre-qualified terms are satisfactory, proceed with the full application, providing personal details, employment, and income information. Make sure to include your address, city, email, phone number, and Social Security number.
3. Credit Check: SoFi will conduct a credit check to assess your eligibility. This step may impact your credit score.
4. Review & Sign: Once approved, review the loan terms and, if you agree, sign the contract electronically.
5. Fund Disbursement: Loan funds are typically deposited into your bank account within a few business days after signing.

Key Features

✔ Loan amounts between $5,000 and $100,000.
✔ Fixed APR ranging from 8.99% to 29.49%.
✔ Rate check in just 60 seconds.
✔ Direct credit card debt payments in case of debt consolidation.
✔ Repayment terms from 2 to 7 years.
✔ No origination fees.

Author’s Opinion

Without a doubt, SoFi Personal Loans is one of the top brands when it comes to personal loans in the U.S., offering a powerful platform highly favored by Americans.

Signing up with SoFi is safe and reputable, ensuring you have the security you need to stay at ease while resolving financial matters.

If you choose SoFi, you can be sure that you will receive money fast and with good conditions for repayment.

Looking for Another Option?

LightStream is another highly reliable and recommended company, offering loan plans of up to $100,000.

So if you’re looking for an alternative, you can check out the fully online application process directly on their website.

Written by

Gabriel Gonçalves