Reviews
SoFi Personal Loan review: is it worth it?
Learn everything you need about this lender before applying for the SoFi Personal Loan. Get up to $100,000 for multiple purposes. Read on for more.
Advertisement
SoFi Personal Loan review and benefits: how it works, who is eligible, and what you can use the money for
Looking for a SoFi personal loan review? Look no further than this article. This popular online lending platform offers unsecured personal loans in nearly every state except Mississippi.
SoFi Personal Loan: how to apply now!
Learn how to apply for the SoFi personal loan. No hidden fees. Borrow up to $100k and use it for multiple purposes. Read on to learn more.
Keep reading to learn how this lender works and its main pros and cons. We’ll explain everything your need to learn to make a more informed decision! Stick around for more information.
| APR | 7.99 – 23.43% Variable; |
| Loan Purpose | Credit card consolidation, Home improvements, Relocation assistance, and Medical procedures; |
| Loan Amounts | $5,000 – $100,000; |
| Credit Needed | 650 minimum; |
| Origination Fee | None; |
| Late Fee | None; |
| Early Payoff Penalty | None. |
SoFi Personal Loan: how does it work?
SoFi is widely praised as an online lending platform that can offer unsecured personal loans to people in most states.
Overall, the SoFi Personal Loan looks very attractive, considering its loan amounts of up to $100,000 and terms ranging from two to seven years.
It requires a minimum credit score of 650, but highly qualified applicants could be offered the best rates and sizable loan amounts.
Additionally, SoFi loans are typically used for personal, family, or household purposes, and their process approvals quickly. So if you’re looking for an honest, reliable resource to get the funds needed quickly, SoFi is definitely worth checking out.
You will be redirected to another website
You’ll receive messages for less than 1 week, with a maximum of 1 message per day. You can unsubscribe anytime by replying STOP. By submitting this form, I confirm that I am 18+ years old and agree to the Privacy Policy and Terms and Conditions. I also provide my signature, giving express consent to receive informational messages via automated emails, SMS, MMS text messages, and other forms of communication. Message frequency may vary as part of our good-faith effort to respond to your inquiry. Message and data rates may apply. Text STOP to cancel. I understand that my consent to receive communications is not a condition of purchase and that I may revoke my consent at any time.
Is it worth it to apply for SoFi Personal Loan?
SoFi offers a personal loan that could be right for you with no hard credit check and easy prequalification. Also, they provide loan amounts up to $100,000 and typically have funds deposited in as little as two days.
In addition, SoFi advertises low fixed rates beginning at 7.99% APR. Nevertheless, SoFi personal loans may not be the most accessible option for some.
So, when considering this loan product, you must analyze every detail! To help you with that, we’ve compared the benefits and disadvantages below! Check out below.
Benefits
- Get prequalified for a personal loan in minutes, with no hard credit check;
- Fund your loan in as little as two days;
- Borrow up to $100,000 and choose a term of either three or five years;
- Rates start at 7.99% APR.
Disadvantages
- This type of loan does not allow for the addition of co-signers;
- Qualification requirements can be high in some specific cases.
What credit scores are required for the application?
To apply for the SoFi Personal Loan in this review, you need a reasonably good credit score. Moreover, a minimum score of 650 is required to make this request.
However, the higher your credit score, the greater the chances of qualifying for a higher amount. Also, higher credit scores guarantee lower associated APR fees.
SoFi Personal Loan: applying for this loan today
Sofi Loan is an excellent option for those seeking financial help to solve small issues. Plus, the application can be made online by filling out a form. Learn more about how to apply in the post below.
SoFi Personal Loan: how to apply now!
Learn how to apply for the SoFi personal loan. No hidden fees. Borrow up to $100k and use it for multiple purposes. Read on to learn more.
Trending Topics
Applying for The Credit Pros: get debt relief!
You can repair your credit with The Credit Pros. Just read this content and learn how to fix your credit and get your finances on track.
Keep Reading
Applying for the First savings card: learn how!
Do you know how to apply for the First Savings credit card? This post will show you how to get a new credit card and use it to build credit.
Keep Reading
Here’s why you should keep investing in the stock market despite its current conditions
With the recent market crash, many investors are too nervous to get into the stock market. But here's why you should invest anyway.
Keep ReadingYou may also like
20 Jobs That Don’t Require a Degree (+ Average Salary)
Discover 20 lucrative jobs that don't require a degree, each with its average Salary. Find your ideal career path!
Keep Reading
Maximize Rewards with Every Swipe: Pelican Points Visa Review
Looking for a reliable rewards credit card? Discover what the Pelican Points Visa has to offer in our review. Enjoy a special bonus offer!
Keep Reading
Custom Choice student loan review: is it worth it?
Do you need money to complete your studies? The Custom Choice student loan may be what you are looking for. Learn more!
Keep Reading