Medical & Dental Resident Loan
Refinancing Rates & Terms

The rates shown below include the 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.

SoFi reserves the right to change interest rates at any time without notice. Such changes will only apply to applications begun after the effective date of the change. Your actual interest rate may be different than the interest rates in these examples and will be based on term of loan, your financial history, and any other factors. State restrictions may apply.

The minimum payment of $100/month while in the Residency Period may not pay all of the interest that accrues each month during the Residency Period. Any unpaid interest that has accrued and remains unpaid at the end of the Residency Period will be added to the principal balance at the end of the Residency Period. Thereafter, interest will accrue on this new principal balance.

How to read the repayment tables

The repayment examples shown below are based on an original loan amount of $100,000 and assume that you make $100 monthly payments while in residency for a total of 4 years and have a 6-month grace period (together, the “residency period”) before the full repayment term begins. In addition, the examples below assume payments begin 1 month after the single lump sum disbursement. SoFi does not charge any application or origination fees, and no prepayment penalties.

Calculations are estimates only.

Fixed Rate Loans

Full Repayment Term APR range
with autopay 1
Monthly payment amount
during residency period
(54 months)
Monthly payment amount
during full repayment period term
Total of Payments
5 Year 6.39% – 8.89% $100 $1,951.47 – $2,070.50 $117,087.99 – $124,230.06
7 Year 6.39% – 8.94% $100 $1,479.62 – $1,605.86 $124,288.41 – $134,892.62
10 Year 6.54% – 9.19% $100 $1,137.52 – $1,277.06 $136,501.93 – $153,247.60
15 Year 6.74% – 9.39% $100 $884.36 – $1,037.60 $159,183.92 – $186,767.52
20 Year 6.99% – 9.59% $100 $774.70 – $938.02 $185,927.71 – $225,123.88

Variable Rate Loans

For variable rate loans, the current index rate is 5.34% and may change monthly. The current index for variable rate loans is derived from the 30 day average SOFR index, thus changes in the SOFR index may cause your monthly payment to increase. 5, 7, and 10 Year terms are capped at 13.95% APR, 15 and 20 Year terms are capped at 13.95% APR to the extent permitted under law.

Full Repayment Term APR range
with autopay 1
Monthly payment amount
during residency period
(54 months)
Monthly payment amount
during full repayment period term
Total of Payments
5 Year 6.39% – 8.89% $100 $1,951.47 – $2,070.50 $117,087.99 – $124,230.06
7 Year 6.39% – 8.94% $100 $1,479.62 – $1,605.86 $124,288.41 – $134,892.62
10 Year 6.54% – 9.19% $100 $1,137.52 – $1,277.06 $136,501.93 – $153,247.60
15 Year 6.74% – 9.39% $100 $884.36 – $1,037.60 $159,183.92 – $186,767.52
20 Year 6.99% – 9.59% $100 $774.70 – $938.02 $185,927.71 – $225,123.88
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Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or other eligible status and and meet SoFi's underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates reserved for the most creditworthy borrowers. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, evaluation of your creditworthiness, years of professional experience, income, and a variety of other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers, or may become available, such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Financial Protection and Innovation under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp. or an affiliate, NMLS # 1121636. (www.nmlsconsumeraccess.org)

✝︎ 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 and may affect your credit.

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