Disclosures
& Disclaimers

1. Fixed rates from 4.25% APR to 8.77% APR (with AutoPay). Variable rates from 3.50% APR to 8.70% APR (with AutoPay). Interest rates on variable rate loans are capped at either 8.95% or 9.95% depending on term of loan. See APR examples and terms. Lowest variable rate of 3.50% APR assumes current 1 month LIBOR rate of 0.93% plus 0.94% margin minus 0.25% ACH discount. Not all borrowers receive the lowest rate. If approved for a loan, the fixed or variable interest rate offered will depend on your creditworthiness, and the term of the loan and other factors, and will be within the ranges of rates listed above. For the SoFi variable rate loan, the 1-month LIBOR index will adjust monthly and the loan payment will be re-amortized and may change monthly. APRs for variable rate loans may increase after origination if the LIBOR index increases. See eligibility details. The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. *To check the rates and terms you qualify for, SoFi conducts a soft credit inquiry. Unlike hard credit inquiries, soft credit inquiries (or soft credit pulls) do not impact your credit score. Soft credit inquiries allow SoFi to show you what rates and terms SoFi can offer you up front. After seeing your rates, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit inquiry. Hard credit inquiries (or hard credit pulls) are required for SoFi to be able to issue you a loan. In addition to requiring your explicit permission, these credit pulls may impact your credit score.

3. If you lose your job through no fault of your own, you may apply for Unemployment Protection. SoFi will suspend your monthly SoFi loan payments and provide job placement assistance during your forbearance period. Interest will continue to accrue and will be added to your principal balance at the end of each forbearance period, to the extent permitted by applicable law. Benefits are offered in three month increments, and capped at 12 months, in aggregate, over the life of the loan. To be eligible for this assistance you must provide proof that you have applied for and are eligible for unemployment compensation, and you must actively work with our Career Advisory Group to look for new employment. If the loan is co-signed the unemployment protection applies where both the borrower and cosigner lose their job and meet conditions.

Minimum Credit Score: Not all applicants who meet SoFi’s minimum credit score requirements are approved for student loan refinancing. In addition to meeting SoFi’s minimum eligibility criteria, applicants must also meet other credit and underwriting requirements to qualify.

Student Loan Refinance Calculator: The estimated savings calculation is derived by taking the estimated lifetime cost or monthly payment amount of your existing student loan(s) minus the total estimated lifetime cost or monthly payment amount of a SoFi loan upon refinancing, based on the assumptions outlined below. SoFi’s savings methodology for student loan refinancing assumes that your current, non-SoFi loan(s) have 1) an interest rate of 7.100% (unless otherwise input by you); 2) an outstanding term of 10 years (unless otherwise input by you); and 3) an outstanding balance equal to your stated loan amount. The calculation also assumes that your SoFi refinance loan 1) has the rate (APR) and term you selected; 2) is paid on-time for the duration of the refinanced term with no pre-payment amounts; and 3) has the AutoPay discount, which lowers the APR of your loan by 0.25%. Your actual savings may vary based on interest rates, balances, remaining repayment term and other factors. The estimated savings amount is not representative of your current situation or qualifications and is not a commitment to lend. Though refinancing to a longer term helps to achieve monthly savings, borrowers generally pay more in total interest over the life of the loan.

12. Fixed rates from 4.25% APR to 8.15% APR (with AutoPay). Variable rates from 3.50% APR to 8.15% APR (with AutoPay). Interest rates on variable rate loans are capped at either 8.95% or 9.95% depending on term of loan. See APR examples and terms. Lowest variable rate of 3.50% APR assumes current 1 month LIBOR rate of 0.93% minus 0.15% margin minus 0.25% AutoPay discount. Not all borrowers receive the lowest rate. If approved for a loan, the fixed or variable interest rate offered will depend on your creditworthiness, and the term of the loan and other factors, and will be within the ranges of rates listed above. For the SoFi variable rate loan, the 1-month LIBOR index will adjust monthly and the loan payment will be re-amortized and may change monthly. APRs for variable rate loans may increase after origination if the LIBOR index increases. See eligibility details. The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. Unlike Federal Parent PLUS loans, the SoFi Parent Loan is not discharged in the event of death or permanent disability of the borrower or the student on whose behalf the loan is taken out.

1. Fixed rates from 4.50%% APR to 8.24%% APR (with AutoPay). Variable rates from 3.75% APR to 8.24% APR (with AutoPay). Interest rates on variable rate loans are capped at either 8.95% or 9.95% depending on term of loan. See APR examples and terms. Lowest variable rate of 3.75% APR assumes current 1 month LIBOR rate of 0.93% plus 1.19% margin minus 0.25% ACH discount. Not all borrowers receive the lowest rate. If approved for a loan, the fixed or variable interest rate offered will depend on your creditworthiness, and the term of the loan and other factors, and will be within the ranges of rates listed above. For the SoFi variable rate loan, the 1-month LIBOR index will adjust monthly and the loan payment will be re-amortized and may change monthly. APRs for variable rate loans may increase after origination if the LIBOR index increases. Not all amounts available in all states, see Medical and Dental Resident Student Loan Refinancing eligibility details. Notice: this loan type will likely result in negative amortization during the residency period; read more at SoFi.com/legal#medical-resident-slr-100. The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. The discount will not reduce the monthly payment; instead, the discount is applied to the principal to help pay the loan down faster.

The minimum monthly payment of $100 while in the Residency Period may not pay all of the interest due each month, which will likely result in negative amortization and a larger principal balance when you enter the Full Repayment Period. Dental residents and fellows are unable to receive additional tuition liabilities for the duration of their Residency Period; see SoFi.com/eligibility for details. See APR examples and terms. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as Income Based Repayment or Income Contingent Repayment or PAYE or REPAYE. In addition, federal student loans offer deferment and forbearance options that are not available for SoFi Lending Corp. Medical or Dental Resident Refinance Loan borrowers.

Undergraduate Student Loans

Interest Rates: Eligibility and Important Details
APR Rates shown are effective as of 4/01/2020 and include the 0.25% autopay discount and assume a single disbursement. If approved for a loan, the rates and terms offered will depend on things like creditworthiness, the length of the loan, and other factors, and will fall within the range of rates available by applicable loan term—check out our APR examples and terms. Not all applicants qualify for the lowest rate. If approved for a loan, to qualify for the lowest rate, you must have a responsible financial history and meet other conditions. Your actual rate will be within the range of rates listed above and will depend on a variety of factors, including evaluation of your credit worthiness, years of professional experience, income and other factors. Want to learn more? Check out our eligibility criteria. SoFi reserves the right to change interest rates at any time without notice, changes would only apply to applications begun after the effective date of the change.

Fixed Rates: Fixed rates range from 4.73% APR to 11.46% APR (with autopay).

Variable Rates: Starting variable rates range from 2.05% APR – 11.56% APR APR (with autopay), and will never exceed 13.95% (sometimes lower in certain states as required by law). For variable rate loans, the variable interest rate is derived from the one-month LIBOR rate plus a margin of between 1.12% – 11.63%. The current one-month LIBOR rate is 0.93%. Changes in the one-month LIBOR rate may cause your monthly payment to increase or decrease. Interest rates for variable rate loans are capped at 13.95%, unless required to be lower to comply with applicable law.

Autopay Discount. The SoFi 0.25% autopay interest rate reduction requires you to agree to make your scheduled monthly payments by an automatic monthly deduction (ACH) from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. The discount will not reduce the monthly payment; instead, the interest savings are applied to the principal loan balance, which may help pay the loan down faster. Enrolling in autopay is not required to receive a loan from SoFi.

Still have questions? Our FAQs have answers.

Credit Pulls. To check the rates and terms you qualify for, SoFi conducts a soft credit inquiry. Unlike hard credit inquiries, soft credit inquiries (or soft credit pulls) do not impact your credit score. Soft credit inquiries allow SoFi to show you what rates and terms you are pre-qualified for, subject to the verification of the information you have submitted as part of your application. After seeing your rates, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit inquiry. Hard credit inquiries (or hard credit pulls) are required for SoFi to be able to issue you a loan and may impact your credit score.

Unemployment Protection.If you lose your job through no fault of your own, you may apply for Unemployment Protection. If you qualify, SoFi will suspend your monthly SoFi loan payments and provide job placement assistance during your forbearance period. Interest will continue to accrue and will be added to your principal balance at the end of each forbearance period, to the extent permitted by applicable law. Benefits are offered in up to three month increments, and capped at 12 months, in aggregate, over the life of the loan. To be eligible for this assistance, you must provide proof that you have applied for and are eligible for unemployment compensation, and you must actively work with SoFi Career Services to look for new employment. If the loan is cosigned, the unemployment protection applies where both the borrower and cosigner lose their job and meet conditions. Learn more about SoFi’s Unemployment Protection here.

Negative Amortization. Interest begins accruing on the first disbursement date, but some repayment options do not require full principal or interest payments until the end of the deferment period. Any unpaid interest that has accrued and remains unpaid at the end of the deferment period will be added to the principal balance at the end of the deferment period. Thereafter, interest will accrue on this new principal balance. This is known as negative amortization. You can help avoid negative amortization by making extra payments on your loan during the deferment period. Check out our APR examples and terms. Still have questions? Our FAQs have answers.

Important Information About Federal Repayment Options. SoFi Private Student Loans do not have the same repayment options that federal loan programs offer, such as Income-Based Repayment or Income-Contingent Repayment, or PAYE or REPAYE. In addition, federal student loans offer deferment and forbearance options that are not available for SoFi Lending Corp. Private Student Loan borrowers. Find out more about federal repayment options here.

Graduate Student Loans

Interest Rates: Eligibility and Important Details
APR Rates shown are effective as of 4/01/2020 and include the 0.25% autopay discount and assume a single disbursement. If approved for a loan, the rates and terms offered will depend on things like creditworthiness, the loan term, and other factors, and will fall within the range of rates available by applicable loan term—check out our APR examples and terms. Not all applicants qualify for the lowest rate. If approved for a loan, to qualify for the lowest rate, you must have a responsible financial history and meet other conditions. Your actual rate will be within the range of rates listed above and will depend on a variety of factors, including evaluation of your credit worthiness, years of professional experience, income and other factors. Want to learn more? Check out our eligibility criteria. SoFi reserves the right to change interest rates at any time without notice, changes would only apply to applications begun after the effective date of the change.

Fixed Rates: Fixed rates range from 4.51% APR to 11.76% APR (with autopay).

Variable Rates: Starting variable rates range from 1.83% APR – 11.85% APR (with autopay), and will never exceed 13.95% (sometimes lower in certain states as required by law). For variable rate loans, the variable interest rate is derived from the one-month LIBOR rate plus a margin of between 0.90% and 11.41%. The current one-month LIBOR rate is 0.93%. Changes in the one-month LIBOR rate may cause your monthly payment to increase or decrease. Interest rates for variable rate loans are capped at 13.95%, unless required to be lower to comply with applicable law.

Autopay Discount. The SoFi 0.25% autopay interest rate reduction requires you to agree to make your scheduled monthly payments by an automatic monthly deduction (ACH) from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. The discount will not reduce the monthly payment; instead, the discount is applied to the principal loan balance and is intended to help pay the loan down faster. Enrolling in autopay is not required to receive a loan from SoFi.

Still have questions? Our FAQs have answers.

Credit Pulls. To check the rates and terms you qualify for, SoFi conducts a soft credit inquiry. Unlike hard credit inquiries, soft credit inquiries (or soft credit pulls) do not impact your credit score. Soft credit inquiries allow SoFi to show you what rates and terms you are pre-qualified for, subject to the verification of the information you have submitted as part of your application. After seeing your rates, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit inquiry. Hard credit inquiries (or hard credit pulls) are required for SoFi to be able to issue you a loan and may impact your credit score.

Unemployment Protection. If you lose your job through no fault of your own, you may apply for Unemployment Protection. If you qualify, SoFi will suspend your monthly SoFi loan payments and provide job placement assistance during your forbearance period. Interest will continue to accrue and will be added to your principal balance at the end of each forbearance period, to the extent permitted by applicable law. Benefits are offered in up to three month increments, and capped at 12 months, in aggregate, over the life of the loan. To be eligible for this assistance, you must provide proof that you have applied for and are eligible for unemployment compensation, and you must actively work with SoFi Career Services to look for new employment. If the loan is cosigned, the unemployment protection applies where both the borrower and cosigner lose their job and meet conditions. Learn more about SoFi’s Unemployment Protection here.

Negative Amortization. Interest begins accruing on the first disbursement date, but some repayment options do not require full principal or interest payments until the end of the deferment period. Any unpaid interest that has accrued and remains unpaid at the end of the deferment period will be added to the principal balance at the end of the deferment period. Thereafter, interest will accrue on this new principal balance. This is known as negative amortization. You can help avoid negative amortization by making extra payments on your loan during the deferment period. Check out our APR examples and terms. Still have questions? Our FAQs have answers.

Important Information About Federal Repayment Options. SoFi Private Student Loans do not have the same repayment options that federal loan programs offer, such as Income-Based Repayment or Income-Contingent Repayment, or PAYE or REPAYE. In addition, federal student loans offer deferment and forbearance options that are not available for SoFi Lending Corp. Private Student Loan borrowers. Find out more about federal repayment options here.

MBA & Law Student Loans

Interest Rates: Eligibility and Important Details
APR Rates shown are effective as of 4/01/2020 and include the 0.25% autopay discount and assume a single disbursement. If approved for a loan, the rates and terms offered will depend on things like creditworthiness, the loan term, and other factors, and will fall within the range of rates available by applicable loan term—check out our APR examples and terms. Not all applicants qualify for the lowest rate. If approved for a loan, to qualify for the lowest rate, you must have a responsible financial history and meet other conditions. Your actual rate will be within the range of rates listed above and will depend on a variety of factors, including evaluation of your credit worthiness, years of professional experience, income and other factors. Want to learn more? Check out our eligibility criteria. SoFi reserves the right to change interest rates at any time without notice, changes would only apply to applications begun after the effective date of the change.

Fixed Rates: Fixed rates range from 4.41% APR to 11.67% APR (with autopay).

Variable Rates: Starting variable rates range from 1.73% APR – 11.76% APR (with autopay), and will never exceed 13.95% (sometimes lower in certain states as required by law). For variable rate loans, the variable interest rate is derived from the one-month LIBOR rate plus a margin of between 0.80% and 11.31%. The current one-month LIBOR rate is 0.93%. Changes in the one-month LIBOR rate may cause your monthly payment to increase or decrease. Interest rates for variable rate loans are capped at 13.95%, unless required to be lower to comply with applicable law.

Autopay Discount. The SoFi 0.25% autopay interest rate reduction requires you to agree to make your scheduled monthly payments by an automatic monthly deduction (ACH) from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. The discount will not reduce the monthly payment; instead, the discount is applied to the principal loan balance and is intended to help pay the loan down faster. Enrolling in autopay is not required to receive a loan from SoFi.

Still have questions? Our FAQs have answers.

Credit Pulls. To check the rates and terms you qualify for, SoFi conducts a soft credit inquiry. Unlike hard credit inquiries, soft credit inquiries (or soft credit pulls) do not impact your credit score. Soft credit inquiries allow SoFi to show you what rates and terms you are pre-qualified for, subject to the verification of the information you have submitted as part of your application. After seeing your rates, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit inquiry. Hard credit inquiries (or hard credit pulls) are required for SoFi to be able to issue you a loan and may impact your credit score.

Unemployment Protection. If you lose your job through no fault of your own, you may apply for Unemployment Protection. If you qualify, SoFi will suspend your monthly SoFi loan payments and provide job placement assistance during your forbearance period. Interest will continue to accrue and will be added to your principal balance at the end of each forbearance period, to the extent permitted by applicable law. Benefits are offered in up to three month increments, and capped at 12 months, in aggregate, over the life of the loan. To be eligible for this assistance, you must provide proof that you have applied for and are eligible for unemployment compensation, and you must actively work with SoFi Career Services to look for new employment. If the loan is cosigned, the unemployment protection applies where both the borrower and cosigner lose their job and meet conditions. Learn more about SoFi’s Unemployment Protection here.

Negative Amortization. Interest begins accruing on the first disbursement date, but some repayment options do not require full principal or interest payments until the end of the deferment period. Any unpaid interest that has accrued and remains unpaid at the end of the deferment period will be added to the principal balance at the end of the deferment period. Thereafter, interest will accrue on this new principal balance. This is known as negative amortization. You can help avoid negative amortization by making extra payments on your loan during the deferment period. Check out our APR examples and terms. Still have questions? Our FAQs have answers.

Important Information About Federal Repayment Options. SoFi Private Student Loans do not have the same repayment options that federal loan programs offer, such as Income-Based Repayment or Income-Contingent Repayment, or PAYE or REPAYE. In addition, federal student loans offer deferment and forbearance options that are not available for SoFi Lending Corp. Private Student Loan borrowers. Find out more about federal repayment options here.

Parent Student Loans

Interest Rates: Eligibility and Important Details
APR Rates shown are effective as of 4/01/2020 and include the 0.25% autopay discount and assumes a single disbursement. If approved for a loan, the rates and terms offered will depend on things like creditworthiness, the length of the loan, and other factors, and will fall within the range of rates available by applicable loan term—check out our APR examples and terms. Not all applicants qualify for the lowest rate. If approved for a loan, to qualify for the lowest rate, you must have a responsible financial history and meet other conditions. Your actual rate will be within the range of rates listed above and will depend on a variety of factors, including evaluation of your credit worthiness, years of professional experience, income and other factors. Want to learn more? Check out our eligibility criteria. SoFi reserves the right to change interest rates at any time without notice, changes would only apply to applications begun after the effective date of the change.

Fixed Rates: Fixed rates range from 4.73% APR to 11.46% APR (with autopay).

Variable Rates: Starting variable rates range from 2.05% APR – 11.56% APR (with autopay), and will never exceed 13.95% (sometimes lower in certain states as required by law). For variable rate loans, the variable interest rate is derived from the one-month LIBOR rate plus a margin of between 1.12% and 10.63%. The current one-month LIBOR rate is 0.93%. Changes in the one-month LIBOR rate may cause your monthly payment to increase or decrease. Interest rates for variable rate loans are capped at 13.95%, unless required to be lower to comply with applicable law.

Autopay Discount. The SoFi 0.25% autopay interest rate reduction requires you to agree to make your scheduled monthly payments by an automatic monthly deduction (ACH) from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. The discount will not reduce the monthly payment; instead, the interest savings are applied to the principal loan balance, which may help pay the loan down faster. Enrolling in autopay is not required to receive a loan from SoFi.

Still have questions? Our FAQs have answers.

Credit Pulls. To check the rates and terms you qualify for, SoFi conducts a soft credit inquiry. Unlike hard credit inquiries, soft credit inquiries (or soft credit pulls) do not impact your credit score. Soft credit inquiries allow SoFi to show you what rates and terms you are pre-qualified for, subject to the verification of the information you have submitted as part of your application. After seeing your rates, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit inquiry. Hard credit inquiries (or hard credit pulls) are required for SoFi to be able to issue you a loan and may impact your credit score.

Unemployment Protection.If you lose your job through no fault of your own, you may apply for Unemployment Protection. If you qualify, SoFi will suspend your monthly SoFi loan payments and provide job placement assistance during your forbearance period. Interest will continue to accrue and will be added to your principal balance at the end of each forbearance period, to the extent permitted by applicable law. Benefits are offered in up to three month increments, and capped at 12 months, in aggregate, over the life of the loan. To be eligible for this assistance, you must provide proof that you have applied for and are eligible for unemployment compensation, and you must actively work with SoFi Career Services to look for new employment. If the loan is cosigned, the unemployment protection applies where both the borrower and cosigner lose their job and meet conditions. Learn more about SoFi’s Unemployment Protection here.

Negative Amortization. Interest begins accruing on the first disbursement date, but some repayment options do not require full principal or interest payments until the end of the deferment period. Any unpaid interest that has accrued and remains unpaid at the end of the deferment period will be added to the principal balance at the end of the deferment period. Thereafter, interest will accrue on this new principal balance. This is known as negative amortization. You can help avoid negative amortization by making extra payments on your loan during the deferment period. Check out our APR examples and terms. Still have questions? Our FAQs have answers.

Important Information About Federal Repayment Options.SoFi Private Student Loans do not have the same repayment options that federal loan programs offer, such as Income-Based Repayment or Income-Contingent Repayment, or PAYE or REPAYE. In addition, federal student loans offer deferment and forbearance options that are not available for SoFi Lending Corp. Private Student Loan borrowers. Find out more about federal repayment options here.

Application and Solicitation Disclosure (ASD) Links

SoFi Private Student Loan – Undergraduate Variable Rate
SoFi Private Student Loan – Undergraduate Fixed Rate

SoFi Private Student Loan – Graduate Variable Rate
SoFi Private Student Loan – Graduate Fixed Rate

SoFi Private Student Loan – MBA Variable Rate
SoFi Private Student Loan – MBA Fixed Rate

SoFi Private Student Loan – LAW Variable Rate
SoFi Private Student Loan – LAW Fixed Rate

SoFi Private Student Loan – Parent Variable Rate
SoFi Private Student Loan – Parent Fixed Rate

4. If you lose your job through no fault of your own, you may apply for Unemployment Protection. If your loan(s) is/are in good standing at the time you request Unemployment Protection SoFi will, upon approval, suspend your monthly SoFi loan payments and provide job placement assistance during your forbearance period. Interest will continue to accrue and will be added to your principal balance at the end of each forbearance period, to the extent permitted by applicable law. Benefits are offered in three month increments, and capped at 12 months, in aggregate, over the life of the loan. To be eligible for this assistance you must provide proof that you have applied for and are eligible for unemployment compensation, and you must actively work with our Career Advisory Group to look for new employment.

5. Fixed rates from 5.99% APR to 18.64% APR (with AutoPay). SoFi rate ranges are current as of March 30, 2020 and are subject to change without notice. Not all rates and amounts available in all states. See Personal Loan eligibility details. Not all applicants qualify for the lowest rate. If approved for a loan, to qualify for the lowest rate, you must have a responsible financial history and meet other conditions. Your actual rate will be within the range of rates listed above and will depend on a variety of factors, including evaluation of your credit worthiness, income, and other factors. See APR examples and terms. The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account.
To check the rates and terms you qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull.

See Consumer Licenses.

Late Fees:
Hold up. Just because we don’t charge late fees, we want to make sure you know—by paying after your bill’s due date, paying less than the minimum due, or even missing payments, means you’ll accumulate more interest and your final payment will be larger as a result. And you wouldn’t want that. Payments that are not made in full or on time may result an event of default under your Loan Agreement. And you don’t want that either. Late payments, partial payments, missed payments, or defaults on your loan may be reflected on your credit report. Nobody anywhere wants that. Nope nope nope.

That said, SoFi knows that life happens. Remember that if you lose your job through no fault of your own, you might be eligible for SoFi’s Unemployment Protection Program. Learn more here.

6. Rate ranges for Lending Club and Discover are based on data compiled in November 2018 from company websites. Average credit card rates as of 11/12/18 from CreditCards.com for all categories of cards.

Your results will vary and an increase is not guaranteed. Members who used a SoFi Personal Loan to consolidate $10,000+ of credit card debt saw their FICO® scores increase an average of 22 points within 1 year from funding date. Average FICO score increases are based on funded members from January through December 2018. Increase was computed by comparing reported Version 8 FICO scores at the time of application against the same scores 1 year later. SoFi is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. FICO is a registered trademark of Fair Isaac Corporation.

SoFi Personal Loan borrowers reduced their interest rate by 44% on average, based on a survey of 1823 SoFi borrowers who took out a Personal Loan to pay off credit cards between January and February 2018.

Disclaimer: Many factors affect your credit scores and the interest rates you may receive. SoFi is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. SoFi does not provide “credit repair” services or advice or assistance regarding “rebuilding” or “improving” your credit record, credit history, or credit rating. For details, see the FTC’s website on credit.

Calculations based on a 5-year SoFi Personal Loan with lowest available fixed rate with AutoPay of 8.82% APR. Credit card calculation assumes 5-year repayment of $30,000 credit card balance with interest rate of 16.38% APR. Both Calculations assume 60 total monthly payments, and no pre-payment amounts.

Every 6 Minutes: Claim based on 47,159 SoFi Personal Loan borrowers who used the loan to pay off credit card debt between 1/1/17 and 9/30/17.

Recommend SoFi: Based on a survey of 1,642 SoFi members from 02/21/2019 to 03/13/2019 who funded a loan with SoFi within 6 months of the survey date, 98% of participants would recommend SoFi to a friend. This should not be confused with SoFi’s Net Promoter Score^®, which is a separate survey that uses a different scoring model. This statistic isn’t recommending or endorsing any product or service offered through SoFi Wealth LLC, including automated investing, financial planning and SoFi Advice.

Fast Funding: Subject to receipt of required documentation, underwriting guidelines, and processing time by your institution. Loans for amounts over $20,000 may require additional underwriting review time. Funds are disbursed via ACH as soon as the next business day after approval and acceptance of terms.

PRESCREEN AND OPT-OUT NOTICE: You received this “prescreened” offer of credit because we used information from your credit report to determine that you satisfied certain criteria. This offer is not guaranteed if you do not meet our additional underwriting criteria. However, if you do not want to receive prescreened offers of credit from us and other companies, you may exercise the right to not be included on prescreened lists by calling the consumer reporting agencies toll-free at 1-888-5-OPTOUT (1-888-5-8688); or writing to: Equifax Options, P.O. Box 740123, Atlanta, GA 30374-0123, TransUnion, Opt Out Request, P.O. Box 505, Woodlyn, PA 19094-0505, Experian Consumer Opt Out, P.O. Box 919, Allen, TX 75013.

Minimum Credit Score: Not all applicants who meet SoFi’s minimum credit score requirements are approved for a SoFi Personal Loan. In addition to meeting SoFi’s minimum eligibility criteria, applicants must also meet other credit and underwriting requirements to qualify.

INVESTMENTS ARE NOT FDIC INSURED, HAVE NO GUARANTEE, AND MAY LOSE VALUE. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Past performance, historical returns, future projections, and statistical forecasts are no guarantee of future returns or future performance.

The umbrella term “SoFi Invest” refers to the three investment and trading platforms operated by Social Finance, Inc. and its affiliates (described below). Individual customer accounts may be subject to the terms applicable to one or more of the platforms below.

Automated Investing— The Automated Investing platform is owned by SoFi Wealth LLC, an SEC Registered Investment Advisor (“Sofi Wealth“). Brokerage services are provided to SoFi Wealth LLC by SoFi Securities LLC, an affiliated SEC registered broker dealer and member FINRA/SIPC, (“Sofi Securities”).

Active Investing—The Active Investing platform is owned by SoFi Securities LLC. Clearing and custody of all securities are provided by APEX Clearing Corporation.

Digital Assets—The Digital Assets platform is owned by SoFi Digital Assets, LLC, a FinCEN registered Money Service Business.

For additional disclosures related to the SoFi Invest platforms described above, including state licensure of Sofi Digital Assets, LLC, please visit www.sofi.com/legal.

Neither the Investment Advisor Representatives of SoFi Wealth, nor the Registered Representatives of SoFi Securities are compensated for the sale of any product or service sold through any SoFi Invest platform. Information related to lending products contained herein should not be construed as an offer to sell, solicitation to buy or a pre-qualification stock bits of any loan product offered by SoFi Lending Corp and/or its affiliates.

Important general information

The material provided on SoFi.com is for informational purposes only. Certain content on the site is based on information prepared by third party sources which we generally consider reliable, however we do not represent that any such information is fully accurate or complete. This content is not intended to be used as a general guide to investing, or as a source of any specific investment recommendations. We make no implied or express recommendations concerning investment strategies, the manner in which any client’s account should or would be managed. As appropriate investment strategies will depend upon each person’s specific circumstances and investment objectives.

SoFi does not provide tax advice to its clients. All investors are strongly urged to consult with their tax advisors regarding any potential investment.

The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.

Diversification can help reduce some investment risk. It cannot guarantee profit, or fully protect in a down market.

Certified Financial Planner Board of Standards Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design), and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.

Active investing

Instantly access up to $1,000 on first time deposits to eligible new accounts. Subsequent deposits are not eligible for instant access, even when the initial deposit is less than $1,000. After the first deposit, fund access times range from 1-2 business days. Eligibility requirements: 1.) Your bank account must be linked, verified and approved through our account selection and instant verification process. Accounts added manually via routing and account number are not eligible 2.) Your bank account must have a reported balance greater than or equal to your first deposit.

Performance Disclosures: Hypothetical Future Outcomes

Additional Explanatory Notes and Disclosures Related to Performance:

General:
SoFi Wealth, LLC (“SoFi Wealth”) is an SEC registered Investment Adviser. Information pertaining to SoFi Wealth’s advisory operations, services, and fees is set forth in SoFi Wealth’s current Form ADV Part 2 (Brochure).

The material in this presentation is based on information from a variety of sources we consider reliable, but we do not represent that the information is accurate or complete. The material provided herein is for informational purposes only. SoFi Wealth does not provide tax advice to its clients. All investors are strongly urged to consult with their tax advisors regarding any potential investment.

This content is not intended to be used as a general guide to investing, or as a source of any specific investment recommendations, and makes no implied or express recommendations concerning the manner in which any client’s account should or would be handled, as appropriate strategies depend upon the client’s specific circumstances and investment objectives. The presentation of performance is neither an offer to sell nor a solicitation of an offer to buy any securities.

SoFi Indices:
SoFi Wealth constructed the indices presented using a series of widely used total return asset class-specific indexes that follow a set of rules of ownership that are typically held constant regardless of market conditions and that are generally representative of holdings currently maintained in the SoFi Wealth model portfolios. An important characteristic of an index fund is that its rules of ownership are not based on a forecast of short-term events. Therefore, an investment strategy that is limited to the buying and rebalancing of a portfolio of index funds is often referred to as passive investing, as opposed to active investing. Simulated index data is based on a combination of performance of widely used total return asset class-specific indexes and subjective judgement taking into account the current economic environment.

Performance results assume the reinvestment of dividends and capital gains and monthly rebalancing at the end of each month. The monthly return is calculated with the assumption that the SoFi index is perfectly in balance at the end of each month. In actual SoFi portfolios, rebalancing occurs at no set time, and such actions are dependent on both market conditions and individual client liquidity inflows and outflows, along with the cost impact of such transactions on the overall portfolio.

The performance of the SoFi indices excludes the impact of fees. ETF’s used in an investment portfolio generally do not minimize tax liabilities from short and long-term capital gains and any potential resulting tax liability is not deducted from performance results. SoFi Wealth does not charge transaction fees, but management fees and other custody related expenses may apply and are not reflected, which reduce returns.

The underlying holdings of the portfolio are not federally or FDIC-insured and are not deposits or obligations of, or guaranteed by, any financial institution. Investing in securities involves investment risks including possible loss of principal and fluctuation in value.

No taxes are taken into account—chart assumes the account used to invest is a taxable account that is an ongoing concern throughout the period presented.

Monte Carlo Simulation:
The hypothetical illustrations rely upon a Monte Carlo simulation which provides thousands of future states of the given investment strategy. The inputs to this simulation are the forecasted expected return of each investment strategy along with the anticipated standard deviation of the investment strategy. The expected return assumptions are based on SoFi Wealth’s Investment Committee’s view on the macroeconomic environment, historical returns, and forward-looking views and assumptions. Expected standard deviation is approximated by analyzing the backtest of the hypothetical returns of the current allocations in each given investment strategy over the most recent 10-year period, and any forward-looking views and assumptions. Allocations are assumed constant over the course of the entire simulation and assumed to be rebalanced on a monthly basis. No trading costs or taxes are incorporated into the simulation.

These assumptions materially impact the simulations and may change from time to time at the discretion of the Investment Committee. No assurances can be made that the assumptions will prove to be accurate. There are many variables that can affect an investment performance forecast. The most volatile variable is the expected investment returns, which, historically, vary on a daily basis. Even with this knowledge, most financial projections use constant investment rates over the period of the analysis. The use of these averages is used as a start for the planning process, since the actual values are unknown. Unfortunately, however, this type of analysis illustrates only one outcome, thereby requiring that simulation be used to imitate real-life situations. In order to produce meaningful results, these simulations are processed many times. By varying the rates of return to simulate the fluctuations that can be experienced in the marketplace, a more realistic reflection of the anticipated ups and downs of the investment environment is presented.

These multiple simulations produce a range of results. These results are then analyzed and probabilities are associated with the outcome. Due to the random nature in which the simulations are generated and the regular updating of historical asset class data, the results may vary with each use and over time, even if the underlying assumptions are not changed.

Important: The projections or other information generated by Monte Carlo simulations regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. An investment cannot be made directly into a Monte Carlo simulation. There are limitations in using a Monte Carlo simulation, including the analysis is only as good as the assumptions, and despite modeling for a range of uncertainties in the future, it does not eliminate uncertainty.

The results can be presented various ways, but the ultimate goal of a Monte Carlo simulation is to educate and communicate about the uncertainty of the future, so you can make educated decisions about your specific situations.

Key Assumptions:

SoFi Money® is a cash management account, which is a brokerage product, offered by SoFi Securities LLC. Member FINRA/SIPC. Neither SoFi nor nor its affiliates is a bank.

1. The SoFi Money Annual Percentage Yield as of 3/30/2020 is 0.20% APY (0.20% interest rate). Interest rates are variable and subject to change at our discretion, at any time. No minimum balance required.

2. SoFi doesn’t charge any ATM fees and will reimburse ATM fees charged by other institutions when a SoFi Money Visa^® Debit Card is used at any ATM displaying the Visa^®, Plus^®, or NYCE^® logo. SoFi reserves the right to limit or revoke ATM reimbursements at any time without notice.

3. The cash balance in SoFi Money accounts is swept to one or more program banks where it earns a variable rate of interest and is eligible for FDIC insurance. FDIC Insurance does not immediately apply. Coverage begins when funds arrive at a partner bank. There are currently seven banks available to accept these deposits, making customers eligible for up to $1,500,000 of FDIC insurance. If the number of available banks changes, or you elect not to use, and/or have existing assets at, one or more of the available banks, the actual amount could be lower. For more information on FDIC insurance coverage, please visit www.FDIC.gov. Customers are responsible for monitoring their total assets at each of the Program Banks to determine the extent of available FDIC insurance coverage in accordance with FDIC rules. The deposits in SoFi Money or at Program Banks are not covered by SIPC.

4. The Visa Zero Liability policy covers U.S.-issued cards only and does not apply to ATM transactions, PIN transactions not processed by Visa, or certain commercial card transactions. Cardholder must notify issuer promptly of any unauthorized use. Consult issuer for additional details or visit www.visa.com/security.

5. Service charges may apply for multiple card replacements, card rush delivery, stop payment services, or to process any court order or tax levy.

SoFi Relay is a limited online financial planning application which analyzes information SoFi Wealth, LLC clients provide about their assets, liabilities and financial goals, and uses that information to generate limited financial planning recommendations designed to help users understand the actions needed to achieve financial goals. SoFi Relay provides digital financial planning advice and recommendations through the following modules:

Overview of functionality

Account Aggregation – Advice includes a module which will aggregate account information for the principal banks and credit card accounts used by you and prepare spending, savings and budgeting analytics based on the current month as well as historical trends.

Spending by Categories – Advice provides charts that categorize transactions based on merchant data and gives you the ability to review its spending activity based on significant budgeting categories.

Cash Flow Analysis – Advice analyzes the historical inflows and outflows of cash to help you understand its actual “savings rate.”

Spending Targets – You can set a high-level monthly budget within Advice. Advice illustrates to you how daily spending is progressing relative to this monthly target and offers helpful tips to stay on track.

Recurring Transactions – Advice tracks and displays upcoming, recurring transactions to help you plan for your monthly expenses.

Usage requirements

In order to effectively use SoFi Relay, you must provide SoFi Wealth with basic financial information required to develop an overall current financial picture.

Limitations

Any financial planning recommendations suggested by SoFi Relay will consider only: (i) the financial information provided by you; (ii) your stated financial goals; and (iii) with respect to ongoing monitoring and future financial planning recommendations or adjustments, your monthly financial activity, if any, based on information collected through the aggregation feature. Because the limited financial planning recommendations generated by SoFi Relay are dependent on the accuracy and quality of information provided by you.You will have the sole responsibility for determining whether to implement the financial planning recommendations provided through SoFi Relay. You acknowledge that, except where you have opted in for monthly monitoring, the services of SoFi Wealthdo not include an affirmative obligation by SoFi Wealth to provide ongoing monitoring and review of your assets through SoFi Relay. SoFi Wealth will not provide you with tax, accounting, or legal advice, nor will SoFi Wealth prepare any accounting, tax, or legal documents related to the implementation of any recommendations made through SoFi Relay. SoFi Relay will not consider estate or tax planning issues, certain family or spousal assets, family planning, retirement income, self-employment plans and other factors that might be considered in developing a complete financial plan. SoFi Relay may refer you to an affiliated traditional advisor if SoFi Wealth believes you would benefit from a consultation with an advisor or be better served by having a more tailored financial plan. In addition, upon request, SoFi Wealth can refer you to a credentialed financial planner.

Ownership

SoFi Wealth is owned by Social Finance, Inc. (“SoFi”) which either wholly owns or invests in companies providing various consumer financial services and products, and is itself the sponsor of various exchange-traded funds operated through Toroso Investments. SoFi also holds a minority investment in Apex Clearing Holdings LLC, the parent company of Apex Clearing Corp (“Apex”), a third-party provider of securities clearance services, which is the clearing broker for all trades conducted by SoFi Securities LLC. As of the effective date of this Agreement, the SoFi subsidiaries that provide consumer financial services include: (i) SoFi Lending Corp., a non-bank consumer lending company, which originates and services student, personal, and mortgage loans; (ii) SoFi Securities, LLC, a registered broker-dealer, which (a) is an introducing broker-dealer which operates self-directed and “robo” trading platforms, (b) serves as the broker dealer for trading through SoFi Wealth’s managed accounts, and (c) offers a cash management account under the brand name “SoFi Money”; (iii) SoFi Capital Advisors LLC, a registered investment adviser; (iv) [SoFi Life Insurance Agency, LLC, which sells life insurance products under the brand name “SoFi Protect” and has a marketing agreement with Ladder Insurance Services LLC , a third-party provider of insurance products]; and (v) SoFi Digital Assets, a registered money transmitter, organized to offer cryptocurrency services. In addition, SoFi or its affiliates may currently hold, or in the future may acquire, minority investments in other companies not listed above, which are engaged in providing consumer financial services, some of which may be recommended by SoFi Relay.

Non-guarantee

SoFi Wealth cannot guarantee that its financial planning recommendations, strategies or investment recommendations will be successful. Investments are subject to various market, interest rate, currency, economic, political and business risks. SoFi Wealth cannot guarantee or promise any future performance or any particular return on any of your investments.

You should recognize that the financial planning advice provided by the Advice App is based on programs and algorithms designed by SoFi Wealth, which are based in part on assumptions and judgments made by SoFi Wealth regarding the economy, securities markets, and other factors which cannot be guaranteed to be accurate. SoFi Wealth will not be held liable for any action performed or omitted, or for any errors of judgment or mistakes in preparing any financial plan in the absence of malfeasance or violation of applicable law.

Information pertaining our investment advisory operations, services, and fees are set forth in the SoFi Wealth Form ADV Disclosure Brochure, a copy of which is available online or by request.

Marketing Disclosures

SoFi Relay is offered through SoFi Wealth LLC, an SEC registered investment advisor.

Eligibility

SoFi customers (“members”) may be eligible for a Member Rate and/or a $500 Loan Processing Fee Discount ($1,495 Non Member) on certain loan types if they meet the eligibility criteria and any other applicable terms and conditions. SoFi reserves the right to discontinue or modify the Member Rate and/or Loan Processing Fee Discounts at any time and without notice. Such changes or modifications will only apply to applications begun after the effective date of the change. If you’ve got questions about how we do our thing, we’ve got answers in our FAQs.

SoFi Loan Account Holders

Existing eligible SoFi Members with a SoFi Personal Loan, Student Loan or who maintain a minimum balance of $10,000 in their SoFi Invest account and take out a new loan of a different product type will receive a 0.125% Interest Rate Discount on that new Personal or Student loan (home loans are not eligible for interest rate or auto pay discounts).

Existing eligible SoFi Members with a SoFi Personal Loan, Student Loan or who have a $50,000 minimum balance in their SoFi Invest account, can receive a $500 discount on SoFi’s Home Loan Processing Fee ($1,495 Non Members) on their first mortgage with SoFi.

The Member Rate and/or Loan Processing Fee Discounts are only offered on new loans of a different type from loans previously or currently held by members, thus it would not apply to another loan of the same type, and does not apply more than once per product. For example, an existing or prior SoFi Personal Loan borrower is not eligible to receive the Member Rate Discount on a second SoFi Personal Loan.

SoFi Money^® Account Holders

SoFi Money members with no SoFi loan accounts are eligible to receive the Member Rate Discount on a new SoFi Personal Loan, Student Loan Refinance, or SoFi Private Student Loan if they have an account balance of greater than $0 at the time of the application for the new loan.

SoFi Invest Account Holders

SoFi Invest members with no SoFi loan accounts are eligible to receive the Member Rate Discount on a new loan if the member’s existing SoFi Invest account meets minimum balance criteria described below at the time of the application for the new loan.

SoFi Invest members are eligible to receive the Member Rate Discount on a SoFi Personal Loan, Student Loan Refinance, or Private Student Loan if they have a minimum balance of $10,000 in their SoFi Invest accounts at the time they begin their loan application. SoFi home loans are not eligible for rate discounts.

SoFi Invest members are eligible to receive the Member Fee Discount of $500 on a SoFi Home Loan ($1,495 Non Member) if they have and maintain a minimum balance of $50,000 in their SoFi Invest accounts at the time they begin their SoFi Home Loan application.

The umbrella term “SoFi Invest” refers to the three investment and trading platforms operated by Social Finance, Inc. and its affiliates (described below). Individual customer accounts may be subject to the terms applicable to one or more of the platforms below:

1) Automated Investing: The Automated Investing platform is owned by SoFi Wealth LLC, an SEC Registered Investment Advisor (“Sofi Wealth”). Brokerage services are provided to SoFi Wealth LLC by SoFi Securities LLC, an affiliated SEC registered broker dealer and member FINRA/SIPC, (“Sofi Securities).
2) Active Investing: The Active Investing platform is owned by SoFi Securities LLC. Clearing and custody of all securities are provided by APEX Clearing Corporation.
3) Digital Assets: The Digital Assets platform is owned by SoFi Digital Assets, LLC, a FinCEN registered Money Service Business.

Standards and Limitations

Member Rate Discount cannot be combined with other rate discounts, such as a corporate rate discount, with the exception of the 0.25% autopay rate discount as applicable. SoFi home loans are not eligible for rate or auto pay discounts. SoFi reserves the right to change or terminate the Member Rate Discount to unenrolled participants at any time with or without notice.

Your SoFi products are linked by the email address you entered at registration. To ensure you receive the benefit(s) you are eligible for, please use the email address already associated with your other SoFi products. Please do not use more than one email address. If you no longer have access to the email account registered with SoFi, please contact your loan representative for assistance.

SoFi’s Referral Program (“Program”) is open to all individuals who reside outside of Vermont. If the cumulative welcome and referral bonus rewards paid to an individual in one calendar year exceed $599, then Form W-9 may be required to be completed prior to funds disbursement. You are responsible for any applicable federal, state, or local taxes associated with receiving the bonus offer; consult your tax advisor to determine applicable tax consequences. Any payments or items not claimed due to missing or incorrect shipping, tax, or bank account information may be subject to forfeit after 180 days of issuance. SoFi reserves the right to change or eliminate the Program at any time with or without notice. Additional terms and conditions apply; see SoFi.com/Refer-a-Friend for Official Rules.

Lifetime referral bonus payment calculation is based on the total funds paid or pending payment to SoFi referral members who earned one or more welcome bonuses through the referral program between 12/10/14 – 1/30/2017, regardless of whether the funds have been disbursed.

Terms and conditions apply. Offer is subject to lender approval and not available to residents of Ohio. To receive the offer, you must: (1) register and/or apply through the referral link you were given; (2) complete a loan application with SoFi; (3) have and provide a valid US bank account to receive bonus; (4) and meet SoFi’s underwriting criteria. Once conditions are met and the loan has been disbursed, you will receive your welcome bonus via automated clearing house (ACH) into your checking account within 30 calendar days. Bonuses that are not redeemed within 180 calendar days of the date they were made available to the recipient may be subject to forfeit. Bonus amounts of $600 or greater in a single calendar year may be reported to the Internal Revenue Service (IRS) as miscellaneous income to the recipient on Form 1099-MISC in the year received as required by applicable law. Recipient is responsible for any applicable federal, state or local taxes associated with receiving the bonus offer; consult your tax advisor to determine applicable tax consequences. SoFi reserves the right to change or terminate the offer at any time with or without notice.

Lifetime welcome bonus payment calculation is based on the total funds paid or pending payment to SoFi members who earned a welcome bonus through the referral program between 12/10/14 – 1/30/2017, regardless of whether the funds have been disbursed.

SoFi provides a service to employers to facilitate the employer making contributions to their employees’ student loan accounts. If you are an employee participating in your employer’s program, you must agree to SoFi’s Terms of Use, privacy notice, and other terms and conditions at registration.

Employer contributions to an employee’s student loan can save the employee money by paying-down the principal and reducing interest costs over the life of the loan that accrues on the outstanding balance or by paying-off the loan sooner.

On our website and in materials, we refer to “lifetime savings” employees might realize from an employer’s contribution. The actual amount saved for any individual will depend upon many factors, such as the interest rate of the loan, the amount and frequency of the employer’s contribution, and how long the loan remains unpaid. We offer estimates of savings to illustrate how an employer contribution can deliver substantial value to the employee over time.

See here for a tool that can provide illustrative estimates of lifetime savings.

Estimates of savings are calculated by taking the estimated lifetime cost of the enrollee’s existing student loan without the employer contribution, minus the lifetime cost of existing student loan with an employer’s contribution added as an additional payment each month. These amounts are illustrative. SoFi’s average lifetime savings methodology for its Employer Contribution Program is based upon many assumptions, set forth below.

To help employers and employees understand the market, we determined several measures for an actual group of employee participants in SoFi’s Employer Contribution Program:
• The average lifetime savings amount was $9,681.
• Average employer contribution was $128.04 per month
• Average enrollee repayment years reduced calculation of 4.26
• Total employer contributions were $991,173.

The figures above and in our materials are based upon many assumptions necessary to make estimates. SoFi’s methodology for calculations presented for its Employer Contribution Program assumes: 1) data entered during enrollment in the contribution program is accurate; 2) enrollees’ interest rates do not change over time (PROJECTIONS FOR VARIABLE RATES ARE STATIC AT THE TIME OF REFINANCING AND DO NOT REFLECT ACTUAL MOVEMENT OF RATES IN THE FUTURE); 3) enrollees make all payments on time; 4) enrollees make their minimum monthly payment for the full duration of their loan; 5) employer contribution is applied for the duration of the enrollee’s loan; and 6) enrollee remains employed by the company for the duration of their loan.

Each of these figures is based solely upon Employer Contribution Program partners who offered a monthly contribution between 5/13/2016 and 01/04/2018. SoFi is a participant in the Employer Contribution Program for its employees.

Average monthly contribution is calculated by averaging the monthly contribution amount offered to each enrollee for each employer, then averaging all of the employer’s monthly contribution amounts. SoFi’s average monthly contribution amount methodology for its Employer Contribution Program uses the contribution amount that enrollees receive as of 01/04/2018.

Total employer contributions amount is a sum of all contributions offered by SoFi’s Employer Contribution Program partners who have offered a monthly contribution between 5/13/2016 and 01/04/2018.

Average enrollee repayment years reduced is derived by taking the estimated years of repayment for the enrollee’s existing student loan without the employer contribution minus the years of repayment of existing student loan with the employer’s contribution added as an additional payment each month.

SoFi’s repayment years reduced methodology for its Employer Contribution Program excludes: 1) enrollees from employers that do not apply the contribution for the duration of the enrollee’s loan; 2) enrollees with loan terms of 25 years or greater who have a remaining loan balance under $60,000; and 3) enrollees with loan terms greater than 30 years.

11. The Financial Education Awareness Council (FEAC) is a group of experienced and passionate financial aid administrators that have volunteered to assist SoFi with our financial education efforts. Their participation in FEAC does not imply any endorsement or recommendation of SoFi on behalf of their schools. None of the FEAC representatives are compensated by SoFi. *To check the rates and terms you qualify for, SoFi conducts a soft credit inquiry. Unlike hard credit inquiries, soft credit inquiries (or soft credit pulls) do not impact your credit score. Soft credit inquiries allow SoFi to show you what rates and terms SoFi can offer you up front. After seeing your rates, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit inquiry. Hard credit inquiries (or hard credit pulls) are required for SoFi to be able to issue you a loan. In addition to requiring your explicit permission, these credit pulls may impact your credit score.

10. Any unpaid interest will be capitalized and added to your principal balance at the end of the deferment period. Maximum deferment period is six months.

SoFi Lending Corp. holds consumer lending licenses in the following states:

SoFi Lending Corp. Mortgage State Licensing Details

SoFi Lending Corp. is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age (provided you have the capacity to enter into a binding contract), because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. The federal agency that administers our compliance with these federal laws is the Federal Trade Commission, Equal Credit Opportunity, Washington, DC, 20580. (www.nmlsconsumeraccess.org )

SoFi Lending Corp. is currently able to issue and refinance mortgages in the following states:

Alabama

Consumer Credit License No. 21983

Arizona

Mortgage Banker License #BK-0934275;
SoFi Lending Corp.
1035 W. Queen Creek Rd Ste 101
Chandler, AZ 85248

Arkansas

SoFi Lending Corp.
201 East Markham Suite 300
Little Rock, AR 72201
(501) 324-9260

California

Licensed by the Department of Business Oversight under the California Financing Law License No. 6054612/NMLS # 1121636

Colorado

Mortgage Company Registration License: 1121636

Connecticut

Licensed by the Connecticut Department of Banking – Mortgage Lender License # ML-1121636

Delaware

Delaware Lender License # 30278

District of Columbia

Mortgage Dual (Lender & Broker) Authority License No. MLB 1121636

Florida

Mortgage Lender Servicer License # MLD1108

Georgia

Georgia Mortgage Lender License No. 42010

Idaho

Mortgage Broker/Lender License: MBL-8673

Illinois

Illinois Residential Mortgage Licensee License No. MB.6761063
Department of Financial and Professional Regulation

 Division of Banking
100 West Randolph, 9th Floor
Chicago, IL 60601


General Inquiry Inquiries: 1-888-473-4858
Division of Banking Direct: 1-844-768-1713
TYY: 1-866-325-4949

Indiana

First Lien Mortgage Lending License No. 25660

Iowa

Mortgage Banker License: 2019-0054

Kansas

Mortgage Company License: MC.0025600

Kentucky

Mortgage Company License: MC701438

Louisiana

SoFi Lending Corp., Louisiana Residential Mortgage Lending License

Maine

Supervised Lender License NMLS # 1121636

Maryland

Maryland Mortgage Lender License # 21585

Massachusetts

Massachusetts Mortgage Lender and Mortgage Broker License # MC1121636

Michigan

Michigan 1st Mortgage Broker/Lender Registrant FR0020980

Minnesota

Residential Mortgage Originator License # MN-MO-1121636

Mississippi

SoFi Lending Corp.
Post Office Box 12129
Jackson, Mississippi 39236

Montana

Licensed by the Montana Division of Banking and Financial institutions, Montana Mortgage Lender License # 1121636

Nebraska

NMLS # 1121636
(877) 471-3445

Nevada

Mortgage Broker License #4635

New Jersey

Licensed by the New Jersey Department of Banking and Insurance Residential Mortgage Lender License 1121636

North Carolina

Mortgage Lender License No. L-160812

North Dakota

Money Broker License No. MB102764

Ohio

NMLS # 1121636
Residential Mortage Lending Act Certificate of Registration: RM.804475.000

Oklahoma

NMLS Number: 1121636
Mortgage Lender License: ML012338

Oregon

Mortgage Lending License #ML-5418

Pennsylvania

Licensed by the Pennsylvania Department of Banking Mortgage Lender License No. 46311

Rhode Island

Rhode Island Lender License # 20153065LL

South Carolina

Licensed by the South Carolina State Board of Financial Institutions, Lender/Servicer License # MLS – 1121636
Licensed by the South Carolina State Board of Financial Institutions, Lender/Servicer License-Other Trade Name # MLS – 1121636 OTN #1

Tennessee

Tennessee Mortgage Lending License # 127518

Texas

License # 1121636. Consumers wishing to file a complaint against a mortgage company or a licensed mortgage company residential mortgage loan originator should complete and send a complaint form to the Texas Department of Savings and Mortgage Lending, 2601 North Lamar, Suite 201, Austin, Texas 78705. Complaint forms and instructions may be obtained from the department’s website at WWW.SML.TEXAS.GOV. A toll-free consumer hotline is available at 1-877-276-5550. The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed mortgage company residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at WWW.SML.TEXAS.GOV. The department maintains the mortgage broker recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult Subchapter F of the Mortgage Broker License Act on the department’s web at WWW.SML.TEXAS.GOV. SoFi Lending Corp. maintains a physical branch office location at 7700 Windrose Avenue, Suite 105, Plano, Texas 75024.

Utah

Licensed by the Utah Department of Real Estate, Utah-DRE mortgage Entity License # 10293902.
Licensed by the Utah Department of Real Estate, Utah-DRE Mortgage Entity License-Other Trade Name #1 #9223125. Utah-DRE Mortgage Branch Office # 10293918

Vermont

Licensed by the Vermont Banking Division – Lender License # 6705

Virginia

Licensed by the Virginia Bureau of Financial Institutions – Lender License # MC-5906; NMLS ID 1121636. (www.nmlsconsumeraccess.org ). Notice for refinancing customers: as a result of refinancing, the total finance charge over the life of the loan may be higher.

Washington

Consumer Loan Company License CL-1121636

Wisconsin

Mortgage Banker License 1121636BA

Wyoming

Wyoming Mortgage Lender License # 2659

Social Finance Life Insurance Agency State Licenses

Social Finance Life Insurance Agency LLC holds life insurance agency licenses in the following states:

Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc., registered in the U.S. and other countries.

Google Play and the Google Play logo are trademarks of Google Inc.

Social Finance, Inc. and its affiliates, including SoFi Lending Corp, Sofi Securities LLC, SoFi Wealth LLC and SoFi Capital Advisors, LLC, is committed to providing continuous, quality service to our members and maintains a business continuity plan in order to minimize customer impact in the event of a business disruption. In the event of a significant business disruption, SoFi uses our business continuity management program to prioritize the recovery of critical business and technology functions. We accomplish this by: 1) re-routing service activities to available locations across the country; 2) relocating impacted businesses to recovery locations, as needed; 3) designing our technology and systems to support the recovery processes for critical business functions; 4) designating a crisis management team and recovery leaders responsible for activating and executing on the business continuity plan; and 5) adopting a communication plan to ensure that relevant updates are provided to our employees, customers, regulators and other key stakeholders.

While no contingency plan can eliminate all risk of a business interruption, SoFi has taken significant steps to develop and implement sound recovery plans. SoFi tests its plans on a regular basis and requires updates and approvals of the plans on at least an annual basis.

This disclosure is subject to modification without notice.