SoFi Personal Loans review: how does it work and is it good?

Are you looking for a SoFi Personal Loan review? We'll explain everything you need to know, including the interest rates and fees. Read on!


SoFi Personal Loans: Hassle-free loans!

Sofi logo 1
Learn how the Sofi Personal Loans work. Keep reading! Source: SoFi Facebook

The SoFi Personal Loans review will show why this is one of the most popular options among customers in the U.S.A. They offer tailored loans to your needs!

Sofi logo on a blue background

How to apply for SoFi Personal Loans

Follow the step-by-step to apply for a SoFi Personal Loan online and quickly. Keep reading to learn more about the process!

In this article, we will review how SoFi personal loans work and whether or not they are a good option for borrowers.

  • APR: It has a variable APR of 7.99%-23.43%;
  • Loan Purpose: Credit Card Consolidation, Home Improvements, Family Planning, Wedding Planning;
  • Loan Amounts: From $5k to $100K;
  • Credit Needed: 680 or higher;
  • Origination Fee: No origination fees;
  • Late Fee: No late payment fees;
  • Early Payoff Penalty: No early payoff penalty.

What is the SoFi Personal Loan?

loan money concept 3d illustration, heap of dollars bills and hand drawing on the wall
Discover the purposes of SoFi Personal Loans. Read on! Source: Adobe Stock

So-Fi Personal Loans is from So-Fi, an online platform for loans of different types.

This personal loan outstands because it comes with no fees and offers higher amounts, ranging from $5,000 to an incredible $100,000.

Plus, So-Fi offers repayment terms ranging from two to seven years, a very flexible option to make installments fit the customer’s pocket.

In addition, borrowers can qualify for discounts that can lower interest costs.

If you set autopay, you might get 0.25% off in points, for example. Still, So-Fi offers co-signed loan options for those who need it.

Another perk of the So-Fi Personal Loan is that borrowers can access extra help with financial decisions.

The process is online, and the cash is deposited as soon as the deal is closed. You can get unemployment protection if you lose your job and still have payments left.

In that case, modify the dates temporarily until we find a source of income again.

Is the SoFi Personal Loan good?

SoFi Personal Loan is good for people who want to make an online application, have a good credit score, and are in the market for a loan with fewer fees.

Review the advantages and disadvantages that come with it.


  • There are no fees;
  • It offers unemployment protection;
  • You can manage your loan in the app;
  • There are co-sign options;
  • It’s online and hassle-free.


  • High minimum loan amount.

Multiple personalized credit card offers

Applying won't hurt your credit score

You will be redirected to another website

Does the SoFi Personal Loan check credit scores?

SoFi Personal Loan requires a minimum credit score of 680 to apply for this service. So, if you are willing to get a personal loan with them, you’d better check your score first.

Want to get the SoFi Personal Loans? We will help you!

The SoFi Personal Loans review has shown you why this is one of the best options out there. Check out how to apply for a SoFi Personal Loan below.

Sofi logo 1

How to apply for SoFi Personal Loans

Follow the step-by-step to apply for a SoFi Personal Loan online and quickly. Keep reading to learn more about the process!

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