Are you paying more than 11% interest on your credit cards? A SoFi Personal Loan could help you save thousands. With a low fixed rate and monthly payment, you can pay off high interest debt, like credit cards, or make a major purchase. It only takes minutes to apply.
Borrow from $5k-$100k at fixed rates that start at 5.490% APR (with AutoPay)5.
No origination fees or pre-payment penalties. What you see is what you get.
Get a 0.125% rate discount✝✝ on an additional SoFi loan—just for being a member.
Simple online application and access to live customer support 7 days a week.
If you lose your job, we’ll temporarily pause your payments and help you find a new job.4
Borrowers raised their credit scores by 31 points on average when paying off credit card debt**.
Here’s how SoFi Personal Loans compare
|SoFi||Lending Club||Discover Personal Loan||Credit Cards|
5.490% – 13.490%
|5.99 – 35.89%||6.99 – 24.99%||12.00 – 22.86%6|
|Fees||No Fees||1 – 5% Origination Fee||No Fees||3% Balance Transfer Fee|
|Term||3, 4, 5, 6 or 7 years||3 or 5 years||3, 4, 5, 6, or 7 years||Rolling|
|Amount||$5,000 – $100,000||$1,000 – $40,000||$2,500 – $35,000||Varies|