The minimum loan amount is $10,000 and the maximum loan amount is your school’s Cost of Attendance, which includes tuition, books, and certain qualifying expenses. Schools typically publish their Cost of Attendance.
Read moreIt depends. Most loans, including loans from the government, have a “give back period” of up to 120 days. We welcome you to speak with a customer care consultant about your unique situation.
Read moreThe following examples depict the APR, monthly payment and total payments during the life of a $30,000 personal loan. All personal loan APR rates below are shown with the Autopay Discount (0.25%) and a 0.25% direct deposit discount5 and reflect only term options without an origination fee. Your actual interest rate may be different than the rates in these examples and will be based on term of loan, whether you choose an origination fee option, your financial history and other factors. State restrictions may apply.
Fixed Rate Loans (reflecting only no origination fee term options)
| Term | Origination Fee |
Rate (APR) |
No. of Payments |
Monthly Payment |
Total Payments |
|---|---|---|---|---|---|
| 2 Years | None | 8.74% – 35.49% | 24 | $1,366.97 – $1,763.32 | $32,807.19 – $42,319.74 |
| 3 Years | None | 10.08% – 35.49% | 36 | $969.14 – $1,365.41 | $34,889.14 – $49,154.90 |
| 4 Years | None | 10.93% – 35.49% | 48 | $774.35 – $1,178.04 | $37,168.62 – $56,545.80 |
| 5 Years | None | 12.16% – 35.49% | 60 | $669.76 – $1,074.14 | $40,185.69 – $64,448.26 |
| 6 Years | None | 13.16% – 35.49% | 72 | $604.76 – $1,011.27 | $43,542.68 – $72,811.45 |
| 7 Years | None | 13.49% – 35.49% | 84 | $553.78 – $971.20 | $46,517.72 – $81,581.10 |
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Here’s how SoFi Personal Loans compare
| SoFi | Lending Club | Discover Personal Loan | Credit Cards | ||
|---|---|---|---|---|---|
| APR range |
Fixed Rates 10.08% – 35.49% (with AutoPay)5 |
6.16% – 35.89% | 6.99% – 24.99% | 13.72% – 23.84%6 | |
| Fees | No Fees | 1 – 6% Origination Fee | No Fees | 3% Balance Transfer Fee | |
| Term | 3 – 7 years | 3 or 5 years | 3 – 7 years | Rolling | |
| Instant Pre-Qualification | Yes | Yes | Yes | Varies | |
| Amount | $5,000 – $100,000 | $1,000 – $40,000 | $2,500 – $35,000 | Varies | |
| Unemployment Protection4 | Yes | No | No | No |
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