• Minimum credit score rating: 680, however usually 700 or larger.

  • Minimum annual revenue: None; debtors’ common is over $100,000.


  • Low fastened and variable charges.

  • Flexible cost choices.

  • Offers member perks.


  • Strong credit score and revenue required.

  • Can take 7 days to fund.


SoFi charge ranges are present as of July 17, 2019 and are topic to vary with out discover. Not all charges and quantities accessible in all states. See Personal Loan eligibility particulars. Not all candidates qualify for the bottom charge. If accepted for a mortgage, to qualify for the bottom charge, you need to have a accountable monetary historical past and meet different situations. Your precise charge shall be throughout the vary of charges listed above and can rely on quite a lot of elements, together with analysis of your credit score worthiness, years {of professional} expertise, revenue and different elements. See APR examples and phrases. Interest charges on variable charge loans are capped at 14.95%. Lowest variable charge of 5.74% APR assumes present 1-month LIBOR charge of two.41% plus 4.28% margin minus 0.25% AutoPay low cost. For the SoFi variable charge mortgage, the 1-month LIBOR index will alter month-to-month and the mortgage cost shall be re-amortized and should change month-to-month. APRs for variable charge loans could improve after origination if the LIBOR index will increase. The SoFi 0.25% AutoPay rate of interest discount requires you to conform to make month-to-month principal and curiosity funds by an computerized month-to-month deduction from a financial savings or checking account. The profit will discontinue and be misplaced for durations during which you don’t pay by computerized deduction from a financial savings or checking account. To verify the charges and phrases you qualify for, SoFi conducts a tender credit score pull that won’t have an effect on your credit score rating. However, in case you select a product and proceed your software, we are going to request your full credit score report from a number of shopper reporting businesses, which is taken into account a tough credit score pull.

Mo. cost
Min. credit score