Apr

2019

SoFi Rates

By Eujin Rhee | Uncategorized | Comments Off

Personal Loans

Fixed Rate Loans

Term	Origination Fee	Rate (APR)	No. of Payments	Monthly Payment	Total Payments
2 Years	None	7.74% – 35.49%	24	$1,353.26 – $1,763.32	$32,478.34 – $42,319.74
3 Years	None	7.74% – 35.49%	36	$936.50 – $1,365.41	$33,713.89 – $49,154.90
4 Years	None	8.23% – 35.49%	48	$735.63 – $1,178.04	$35,310.28 – $56,545.80
5 Years	None	9.50% – 35.49%	60	$630.06 – $1,074.14	$37,803.35 – $64,448.26
6 Years	None	10.56% – 35.49%	72	$564.28 – $1,011.27	$40,628.47 – $72,811.45
7 Years	None	11.90% – 35.49%	84	$527.98 – $971.20	$44,350.23 – $81,581.10

Student Loan Refinancing

Fixed Rate Loans

Terms	Rate	Repayment APR	No. of Payments	Monthly Payment**	Total Payments
5 Year	4.24% – 8.95%	4.24% – 8.95%	60	$185.25 – $207.34	$11,115.02 – $12,440.46
7 Year	4.99% – 9.27%	4.99% – 9.27%	84	$141.29 – $162.26	$11,868.54 – $13,630.21
10 Year	5.02% – 9.32%	5.02% – 9.32%	120	$106.16 – $128.41	$12,739.60 – $15,409.69
15 Year	5.22% – 9.37%	5.22% – 9.37%	180	$80.23 – $103.64	$14,441.42 – $18,655.10
20 Year	5.42% – 9.99%	5.42% – 9.99%	240	$68.34 – $96.44	$16,401.04 – $23,144.62

Variable Rate Loans

Terms	Rate	Repayment APR	No. of Payments	Monthly Payment**	Total Payments
5 Year	5.99% – 9.20%	5.99% – 9.20%	60	$193.28 – $208.56	$11,596.89 – $12,513.33
7 Year	6.49% – 9.52%	6.49% – 9.52%	84	$148.45 – $163.54	$12,469.46 – $13,737.55
10 Year	6.49% – 9.57%	6.49% – 9.57%	120	$113.50 – $129.78	$13,619.65 – $15,573.73
15 Year	6.49% – 9.62%	6.49% – 9.62%	180	$87.06 – $105.15	$15,670.04 – $18,926.60
20 Year	6.49% – 9.99%	6.49% – 9.99%	240	$74.50 – $96.44	$17,879.63 – $23,144.62

Medical/Dental Resident Refinancing

Fixed Rate Loans

Full Repayment Term	Origination Fee	Fixed Rate (APR with AutoPay)¹	No. of Payments	Monthly Payment**	Total Payments
5 Year	None	6.14% – 8.77%	60	$1,939.80 – $2,064.69	$116,387.80 – $123,881.44
7 Year	None	6.42% – 8.82%	84	$1,481.07 – $1,599.79	$124,410.19 – $134,382.18
10 Year	None	6.67% – 9.07%	120	$1,144.15 – $1,270.55	$137,297.82 – $152,465.91
15 Year	None	6.87% – 9.27%	180	$891.58 – $1,030.39	$160,483.68 – $185,470.37
20 Year	None	7.12% – 9.84%	240	$782.52 – $954.44	$187,804.39 – $229,066.79

Variable Rate Loans

Term	Origination Fee	Variable Rate (APR with AutoPay)¹	No. of Payments	Monthly Payment**	Total Payments
5 Year	None	6.14% – 8.77%	60	$1,939.80 – $2,064.69	$116,387.80 – $123,881.44
7 Year	None	6.42% – 9.02%	84	$1,481.07 – $1,609.92	$124,410.19 – $135,233.53
10 Year	None	6.67% – 9.07%	120	$1,144.15 – $1,270.55	$137,297.82 – $152,465.91
15 Year	None	6.87% – 9.27%	180	$891.58 – $1,030.39	$160,483.68 – $185,470.37
20 Year	None	7.12% – 9.84%	240	$782.52 – $954.44	$187,804.39 – $229,066.79

Parent PLUS Refinancing

Fixed Rate Loans

Terms	Rate	Repayment APR	No. of Payments	Monthly Payment	Total Payments
5 Year	4.24% – 8.95%	4.24% – 8.95%	60	$183.71 – $195.23	$11,022.60 – $11,713.80
7 Year	4.99% – 9.27%	4.99% – 9.27%	84	$137.37 – $151.68	$11,539.08 – $12,741.12
10 Year	5.02% – 9.32%	5.02% – 9.32%	120	$104.24 – $117.01	$12,508.80 – $14,041.20
15 Year	5.22% – 9.37%	5.22% – 9.37%	180	$77.26 – $92.70	$13,906.80 -$16,686.00

Variable Rate Loans

Terms	Rate	Repayment APR	No. of Payments	Monthly Payment	Total Payments
5 Year	5.99% – 9.20%	5.99% – 9.20%	60	$177.34 – $194.90	$10,640.40 – $11,694.00
7 Year	6.49% – 9.52%	6.49% – 9.52%	84	$137.05 – $151.34	$11,512.20 – $12,712,56
10 Year	6.49% – 9.57%	6.49% – 9.57%	120	$103.90 – $116.65	$12,468.00 – $13,998.00
15 Year	6.49% – 9.62%	6.49% – 9.62%	180	$76.90 – $90.84	$13,842.00 – $16,351.20

Undergraduate Student Loans

Fixed Rate Loans

Repayment Type:

Term	APR	Monthly payment amount during deferment period	Monthly payment amount during the loan term	Total of Payments
5	5.99% – 10.59%	N/A	$193.28 – $215.39	$11,596.89 – $12,923.11
10	6.14% – 10.99%	N/A	$111.72 – $137.69	$13,406.98 – $16,523.21
15	6.24% – 11.49%	N/A	$85.69 – $116.76	$15,423.80 – $21,015.97

Repayment Type:

Term	APR	Monthly payment amount during deferment period	Monthly payment amount during the loan term	Total of Payments
5	6.99% – 11.59%	$58.25 – $96.58	$197.96 – $220.38	$15,023.39 – $18,438.19
10	7.14% – 11.99%	$59.50 – $99.92	$116.83 – $143.41	$17,232.76 – $22,605.08
15	7.24% – 12.49%	$60.33 – $104.08	$91.23 – $123.19	$19,679.39 – $27,794.18

Repayment Type:

Term	APR	Monthly payment amount during deferment period	Monthly payment amount during the loan term	Total of Payments
5	6.87% – 10.69%	$25	$237.14 – $309.80	$15,578.60 – $19,938.23
10	7.09% – 11.27%	$25	$141.46 – $205.10	$18,325.77 – $25,961.43
15	7.23% – 11.82%	$25	$111.36 – $179.53	$21,395.38 – $33,664.70

Repayment Type:

Term	APR	Monthly payment amount during deferment period	Monthly payment amount during the loan term	Total of Payments
5	6.99% – 10.97%	$0	$267.85 – $344.17	$16,071.23 – $20,650.08
10	7.31% – 11.71%	$0	$160.50 – $228.56	$19,259.41 – $27,426.68
15	7.50% – 12.37%	$0	$126.83 – $200.38	$22,830.30 – $36,068.35

Variable Rate Loans

Repayment Type:

Term	APR	Monthly payment amount during deferment period	Monthly payment amount during the loan term	Total of Payments
5	4.99% – 10.34%	N/A	$188.67 – $214.15	$11,319.99 – $12,848.83
10	5.14% – 10.74%	N/A	$106.75 – $136.28	$12,810.14 – $16,353.89
15	5.24% – 11.24%	N/A	$80.34 – $115.17	$14,460.34 – $20,730.83

Repayment Type:

Term	APR	Monthly payment amount during deferment period	Monthly payment amount during the loan term	Total of Payments
5	5.99% – 11.34%	$49.92 – $94.50	$193.28 – $219.12	$14,292.39 – $18,250.42
10	6.14% – 11.74%	$51.17 – $97.83	$111.72 – $141.97	$16,169.98 – $22,319.63
15	6.24% – 12.24%	$52 – $102	$85.69 – $121.57	$18,231.8 – $27,389.73

Repayment Type:

Term	APR	Monthly payment amount during deferment period	Monthly payment amount during the loan term	Total of Payments
5	5.99% – 10.50%	$25	$222.80 – $305.57	$14,717.77 – $19,683.92
10	6.19% – 11.06%	$25	$130.23 – $201.43	$16,977.07 – $25,521.71
15	6.31% – 11.62%	$25	$100.73 – $175.79	$19,481.02 – $32,992.96

Repayment Type:

Term	APR	Monthly payment amount during deferment period	Monthly payment amount during the loan term	Total of Payments
5	6.10% – 10.76%	$0	$252.74 – $339.72	$15,164.63 – $20,383.49
10	6.38% – 11.49%	$0	$148.40 – $224.65	$17,808.36 – $26,958.20
15	6.55% – 12.15%	$0	$115.26 – $196.38	$20,746.44 – $35,347.78

Apr

2019

Life Insurance LP

By Dana Jennings Jelter | Uncategorized | Comments Off

Powered by

Life insurance
made easy.

SoFi has teamed up with Ladder to

bring you term

life insurance that’s

competitive, quick to set up, and

easy to understand.

Get my quote

Calculate my needs

We are now directing you to our partner, Ladder,

to complete your application. SoFi will not be your
host while
there and is not responsible for content
provided by third-party sites, including Ladder.
Please note that you
are subject to the destination
site’s Privacy Policy and Terms & Conditions.

Why Ladder?

Apply for life insurance coverage in minutes and get a decision instantly. As your life changes, you can always decrease or cancel your coverage with a couple of clicks. No fees, no hassle.

Flexible coverage

Get coverage that ranges from $100K to $8M and 10 to 30 years. Adjust at any time.

Great rates

Ladder offers competitive insurance rates for the coverage that’s right for you.

Quick application

Get your quote and apply in minutes. Medical tests are not required for eligible applicants.¹

Easy estate planning

Drafting your will is simple-and free for SoFi members.

How it works:

1

Get started

Select your coverage
amount and term.

2

Apply online

Complete your application in
minutes—eligible cases don’t require a medical test.¹

3

Instant Decision

We value your time.
Check it off your list.

Get my quote

Easily create and manage your estate plan.

Get 10% off a trust, will, or guardianship through our partner, Trust & Will.*

Learn more

The service provides forms for your use, not legal advice. Using these documents is not a substitute for obtaining legal advice.

Ladder FAQs

What is term life insurance?

Term life insurance is life insurance that provides coverage at a fixed price for a specific period of time. As such, it is often less expensive than permanent life insurance products that typically cover you for the entirety of your life. To find out more about term life insurance and other helpful articles, visit Ladder’s Knowledge Center. You can also reach out to their helpful experts with any questions at 1-855-622-0299.

Who is Ladder, and why has SoFi teamed up with them as a life insurance provider?

Ladder is our trusted partner for term life insurance. Ladder is for people who value a streamlined process and who want to be able to easily adjust their coverage as their needs change over time. We’re excited to be combining innovative technology with industry expertise to provide top quality products for our members.

How much life insurance do I need?

Life insurance needs vary from person to person. Calculate your needs by using this calculator.

Is there someone I can call to learn more?

You can speak with Ladder’s helpful experts by calling 1-855-622-0299. They are licensed, but not commissioned agents that can answer any questions you might have.

See All FAQs

Ready to get started?

Apply for a policy in minutes.

Get my quote

Apr

2019

Auto Insurance LP

By Eujin Rhee | Uncategorized | Comments Off

AUTO INSURANCE

Auto insurance
made easy.

We’ve teamed up with Experian^® to help you protect your vehicle with the right auto insurance coverage at the right price.

Compare quotes now

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Get coverage that’s right for you.

Compare quotes

Check prices and coverage options from a network of top insurance providers.
Save time

Answer a few simple questions to get all your quotes in minutes, all in one place.
Personalized coverage

See options tailored to fit your needs and compare them to your current policy.
Great rates

Competitive quotes from different providers could help you save $961 a year on average.*

How it works:

Personalize it.

Answer a few questions about your
home and needs.
See your quotes.

Get offers from up to 40 top insurers
to find the best rate.
Get covered.

Purchase your favorite policy. That’s it!

Compare quotes now

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FAQs

How is Experian® different from other insurance companies?
Experian® is an online insurance broker and agent. Experian® doesn’t replace the insurance company, it just helps you shop. Experian’s product is a free tool that helps you compare auto and home insurance rates across top providers and finds you the cheapest rate for your exact coverage.

How does Experian® work?
Experian® uses the account credentials to your current insurance account (or a PDF of your policy declarations page) to learn about your current coverage details, so you don’t have to input them manually. Experian® uses those details to get you apples-to-apples comparisons for the same coverage from other insurance providers to find a great rate. If you don’t want to use this feature, you can manually enter your information and select coverage type to get a quote.

How does Experian® make money?
Just like all agents, Experian® is paid a commission by the insurance company. There is no upcharge to you, Experian’s tool is free for you to use. These commissions are from the insurance companies’ marketing budgets given Experian® brought them new customers, not from your premiums. Your rates are the rates provided and don’t change. Experian® shows you quotes based on your savings. Experian® does not sell or share your data and doesn’t cold call or spam its customers.

See all FAQs

Get auto insurance today.

Compare quotes now

Apr

2019

Introducing SoFi ETFs in Automated Investing

By SoFi | invest, Money, SoFi News | No Comments

[Updated 4/19/19 to include our full statement: Like any other investment advisor, we make changes regularly to the composition and allocation of our members’ portfolios in relation to their investment objectives and risk tolerance. SoFi Select 500 and SoFi Next 500 provide comparable access to market segments at far lower expense ratios than those of other funds, as we have waived all management and trading fees. We notified our members in a timely fashion in accordance with regulations, and will continue to address individual member questions.]

SoFi is always searching for innovative ways to help our members get their money right. After some hard work and planning, we are excited to announce the latest addition to our suite of Automated and Active Invest product portfolios—SoFi ETFs (exchange-traded funds).

We constructed these ETFs specifically with SoFi members in mind. They’re intelligently designed, diversified, and appropriate for both beginner investors and those who are well on their way to achieving their investment goals.

Apr

2019

DM PL Upgrades, Nest

By Eujin Rhee | personal_loan | Comments Off

SoFi Blog

Tips and news—for your financial moves.

SoFi Rates

Personal Loans

Student Loan Refinancing

Medical/Dental Resident Refinancing

Parent PLUS Refinancing

Undergraduate Student Loans

Life Insurance LP

Why Ladder?

How it works:

1

Get started

2

Apply online

3

Instant Decision

Easily create and manage your estate plan.

Ladder FAQs

Ready to get started?

Auto Insurance LP

Auto insurance made easy.

Get coverage that’s right for you.

Compare quotes

Save time

Personalized coverage

Great rates

How it works:

How it works:

Personalize it.

See your quotes.

Get covered.

FAQs

Get auto insurance today.

Introducing SoFi ETFs in Automated Investing

DM PL Upgrades, Nest

Tips and news—
for your financial moves.

Auto insurance
made easy.