Personal loan review
SoFi Bank, N.A.
SoFi personal loans
Best for: Large loans and fast funding
SoFi offers personal loans from $5,000 to $100,000 with rate discounts for AutoPay and SoFi members. Checking your rate is a soft pull, funding can arrive the day you're approved, and you can apply with a co-applicant who lives at the same address.
- Soft-pull rate check
- Same-day funding
- Joint applications
- 0.25% AutoPay discount
Terms last reviewed October 23, 2026
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SoFi at a glance
- APR range
- 6.99%–35.49%Includes 0.25% AutoPay and 0.25% member discounts
- Loan amounts
- $5,000–$100,000
- Repayment terms
- 2–7 years
- Origination fee
- Up to 7%Optional origination fee of 0%–7% on SoFi Bank loans; deducted from proceeds
- AutoPay discount
- 0.25% off APR
- Credit needed
- Good to excellentNo published minimum; reportedly around 680
- Time to funding
- As soon as the same day you're approved
- Soft-pull rate check
- Yes
- Joint applications
- Yes
- Pays creditors directly
- Check with lender
- Secured loan option
- No
Pros and cons
Pros
- Borrow up to $100,000
- Soft-pull rate check
- Same-day funding possible
- AutoPay and member rate discounts
Cons
- Some loans carry an origination fee
- Co-applicant must share your address
- $5,000 minimum loan
What a $10,000 loan could cost
Your rate depends on your credit and finances. Here's the range of monthly payments at SoFi's lowest and highest advertised APRs, before any origination fee.
| Term | At 6.99% APR | At 35.49% APR |
|---|---|---|
| 36 months | $309/mo $1,114 total interest | $455/mo $6,385 total interest |
| 60 months | $198/mo $1,878 total interest | $358/mo $11,483 total interest |
Requirements
- Good credit history
- Verifiable income
- US citizen or permanent resident who has reached the age of majority in their state
How to apply
- Check your credit report and score so you know which rates are realistic.
- Check your rate on SoFi's site — it's a soft pull, so it won't affect your score.
- Compare the offer with at least two other lenders on APR and total cost.
- Submit the full application with proof of income and identity.
- Review the final loan agreement, then sign and receive your funds — as soon as the same day you're approved.
Featured in
- Best Personal Loans of 2026 — Best for large loans
- Best Debt Consolidation Loans of 2026 — Best for large balances
Frequently asked questions
Does SoFi do a hard credit check?
Checking your rate with SoFi uses a soft credit inquiry, which doesn't affect your score. A hard inquiry happens when you formally apply.
How fast does SoFi fund loans?
As soon as the same day you're approved, once your loan is approved and verified. Timing also depends on your bank.
What credit score do you need for SoFi?
No published minimum; reportedly around 680. Lenders also look at your income, existing debts and credit history, so there's no guaranteed approval score.
Does SoFi charge an origination fee?
Yes — Up to 7% of the loan amount. Optional origination fee of 0%–7% on SoFi Bank loans; deducted from proceeds
How we compare lenders
Our methodology
We review each lender's published terms and compare them on the four things that matter most to borrowers. Rankings are editorial: partners can't pay for a better position, and any sponsored link is labelled. Lender terms change often, so we show the date each lender was last reviewed.
Cost
Published APR range, origination and other fees, and any AutoPay or Direct Pay discounts.
Flexibility
Loan amounts and term lengths, and whether secured or joint options are available.
Access
Which credit profiles a lender serves, and whether you can check your rate with a soft pull.
Speed & service
How quickly funds arrive after approval, and borrower-friendly features like paying creditors directly.
Rates, fees and terms are as published by SoFi and were last reviewed on October 23, 2026. They can change at any time, may vary by state, and your offer depends on your credit profile. Confirm current details with SoFi before applying. This review is general information, not financial advice.
Alternatives
Other lenders to compare
LightStream
Excellent credit and no fees
- APR
- 7.24%–24.89%
- Amount
- $5,000–$100,000
PenFed Credit Union
Low maximum APR and small loans
- APR
- 6.74%–17.99%
- Amount
- $600–$50,000
Upgrade
Fair credit and debt consolidation
- APR
- 7.74%–35.99%
- Amount
- $1,000–$50,000