Uncategorized

SoFi Personal Loan review: A customer-friendly personal loan

It can be overwhelming whenever you’re considering applying for a loan. But SoFi Personal Loan makes the process easier than ever before! Keep reading to learn more about this product!

Advertisement

SoFi Personal Loan: No hidden fees, enjoy flexible terms

SoFi logo
Read this SoFi Personal Loan full review and learn this product’s details! Source: The Insider Advisor

Are you in the market for a personal loan? So you might have heard about this lender in particular! this SoFi Personal Loan review can help answer all your questions!

SoFi logo

SoFi Personal Loan: how to apply

Needing money for an emergency or consolidate debt? Learn how to apply for SoFi Personal Loan and quickly get the cash you need!

Here, we’ll take a closer look at what this product offers so you can decide if it’s the right choice for you! We’ll discuss rates, terms, and more. Keep reading to find out!

Credit ScoreAt least 680
Loan PurposeConsolidate debt, large purchases, home repairs, and more.
Loan Amounts$5,000 to $100,000
APR7.99% to 23.43%
Terms2 to 7 years
Origination FeeN/A
Late FeeN/A
Early Payoff PenaltyN/A

SoFi Personal Loan review: what you need to know

SoFi Personal Loan comes with great features for its customers. It offers flexible repayment terms and a variety of loan amounts.

Since this is a personal loan, it can be used for almost any purpose. You can consolidate debt, make a large purchase, make home repairs, and more.

The loans range from $5,000 to $100,000 fixed rate, with a 2 to 7 years repayment term. SoFi is an unsecured personal loan with no origination fees, pre-payment, or late fees.

Furthermore, the APR ranges from 7.99% to 23.43%. Borrowers can qualify for discounts on their interest rates.

For example, you get a 0.25% discount points for setting up autopay. Also, a 0.25% discount is available for keeping a SoFi money account.

This lender offers co-signed loans, in which you can add someone with a higher credit score or income. This might increase your chances of getting a higher loan and lower rates.

Moreover, SoFi offers Unemployment Protection, free career and financial advising, and a great mobile app to manage your personal loan.

These perks make the SoFi Personal Loan stand out amongst other lenders.

SoFi Personal Loan main features

Young woman with a laptop computer with successful pose
Compare the pros and cons of the SoFi Personal Loan! Source: Adobe Stock

SoFi undoubtedly offers great benefits for its customers. Still, you need to consider the details of this product.

To help you with that, let’s take a look and compare de advantages and disadvantages of this personal loan.

Pros

  • It charges no fees;
  • Enjoy unemployment protection;
  • Get free financial and career advising;
  • Manage your loan through a user-friendly mobile app;
  • Co-sign loan option.

Cons

  • This lender offers a higher minimum loan amount.

Credit score required to apply

To qualify for this loan, applicants must have a good credit score. Since this is an unsecured personal loan and offers some great perks, the minimum score requirement is 680.

SoFi Personal Loan application process: how does it work?

If you want to apply for this product, you first need to know that the application process is simple and only takes a few minutes.

To learn more about how to apply for the SoFi personal loan, read the next article. We’ll walk you through all the processes and the minimum requirements.

SoFi logo

SoFi Personal Loan: how to apply

Needing money for an emergency or consolidate debt? Learn how to apply for SoFi Personal Loan and quickly get the cash you need!

About the author  /  Beatriz Vieira

Beatriz Vieira is a producer and copywriter who is part of the finance writer team in this portal. She has a degree in Journalism and aims to improve her bilingual writing skills. Her subjects of most significant interest are culture, finances, and self-development.

Trending Topics

content

NBKC Mortgage review: find out the details of this lender

Find out what this lender is all about in this NBKC Mortgage review. Enjoy competitive rates and get all the support you need!

Keep Reading
content

Cheap Spirit Airlines flights: the best way to enjoy your next trip

Looking for cheap fares? Look no further! Learn how to book the best deals on airfare take your Spirit Airlines cheap flights!

Keep Reading
content

SoFi Mortgage review: terms, rates and perks

Are you looking for a mortgage with relatively low fees? Find out what to expect from a loan with this comprehensive SoFi Mortgage review.

Keep Reading

You may also like

content

Honest Loans review: rates, fees, terms and more

In this Honest Loans review, find out what this financial service is all about! Enjoy flexible requirements and a wide range of loan amounts.

Keep Reading
content

PrimeLending Mortgage: how to apply

Learn how to easily apply for PrimeLending Mortgage. Enjoy a straightforward process and over 400 loan options! Stick around and learn more!

Keep Reading
content

Better Mortgage review: rates, fees and more

In this Better Mortgage review, you’ll find out if this product is the right choice for you! Enjoy rate transparency and pay no hidden fees.

Keep Reading