SoFi Review
SoFi offers some of the most competitive personal loan rates available, with no fees whatsoever and unemployment protection.
APR Range
8.99% – 25.81%
Loan Amount
$5,000 – $100,000
Min. Credit
680
Funding Speed
Same day to a few days
SoFi Personal Loan Review
SoFi has positioned itself as the premium option for borrowers with good to excellent credit. What sets SoFi apart is its zero-fee structure — no origination fees, no late fees, no prepayment penalties. Their unemployment protection program pauses payments and helps you find a new job if you lose yours. SoFi also offers a 0.25% autopay discount and access to member benefits including career coaching and financial planning.
Best For
Borrowers with good credit who want zero fees
Pros
- No origination fees, late fees, or prepayment penalties
- Unemployment protection program
- 0.25% autopay rate discount
- Large loan amounts up to $100,000
- Free financial planning and career coaching
Cons
- Requires good to excellent credit (680+ recommended)
- No co-signer option
- Not available in all states for all products
- Joint applications not available
Loan Details
| APR Range | 8.99% – 25.81% |
| Loan Amounts | $5,000 – $100,000 |
| Repayment Terms | 24 – 84 months |
| Minimum Credit Score | 680 |
| Funding Speed | Same day to a few days |
| Fees | No origination fee. No late fee. No prepayment penalty. |
Key Features
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Compare Other Lenders
| Lender | APR Range | Loan Amount | Min. Score | Funding | Rating | |
|---|---|---|---|---|---|---|
| LightStream Excellent credit borrowers wanting the absolute lowest rates | 7.49% – 25.49% | $5,000 – $100,000 | 700 | Same day (with bank account verification) | Check Rate | |
| Upgrade Fair-credit borrowers who want flexibility and joint applications | 9.99% – 35.99% | $1,000 – $50,000 | 580 | 1 – 5 business days | Check Rate | |
| Best Egg Good-credit borrowers who need fast funding | 8.99% – 35.99% | $2,000 – $50,000 | 640 | Same day to next business day | Check Rate | |
| Avant Borrowers with average credit (580–700) who need fast funding | 9.95% – 35.99% | $2,000 – $35,000 | 580 | Next business day | Check Rate | |
| Marcus by Goldman Sachs Good-credit borrowers who want zero fees and payment flexibility | 8.99% – 25.99% | $3,500 – $40,000 | 660 | 1 – 4 business days | Check Rate |
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SoFi at a Glance
- Rating
- APR
- 8.99% – 25.81%
- Amount
- $5,000 – $100,000
- Min. Score
- 680
- Funding
- Same day to a few days