SoFi Blog

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Mar
17
2021

Erik Test Homepage [REACT]

By | Uncategorized | Comments Off on Erik Test Homepage [REACT]



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Mortgage Loan Terms

5 30-YEAR Payment Example: The payment for a 30-year term, loan amount $362000.00, Rate 6.125%, LTV 80% is $2200.00 for
full Principal and Interest Payments with $4695.14 due at closing. The Annual Percentage Rate is
6.335%. No
prepayment penalty. Payment shown does not include taxes and insurance. The actual payment amount will be greater.
Interest rates and annual percentage rates (APRs) are for informational purposes only and are subject to change
without notice.

6 20-YEAR Payment Example: The payment for a 20-year term, loan amount $362000.00, Rate 5.990%, LTV 80% is $2591.00 for
full Principal and Interest Payments with $4952.16 due at closing. The Annual Percentage Rate is
6.276%. No
prepayment penalty. Payment shown does not include taxes and insurance. The actual payment amount will be greater.
Interest rates and annual percentage rates (APRs) are for informational purposes only and are subject to change
without notice.

7 15-YEAR Payment Example: The payment for a 15-year term, loan amount $362000.00, Rate 5.250%, LTV 80% is $2910.00 for
full Principal and Interest Payments with $5187.46 due at closing. The Annual Percentage Rate is
5.612%. No
prepayment penalty. Payment shown does not include taxes and insurance. The actual payment amount will be greater.
Interest rates and annual percentage rates (APRs) are for informational purposes only and are subject to change
without notice.

8 10-YEAR Payment Example: The payment for a 10-year term, loan amount $362000.00, Rate 5.250%, LTV 80% is $3884.00 for
full Principal and Interest Payments with $5364.84 due at closing. The Annual Percentage Rate is
5.778%. No
prepayment penalty. Payment shown does not include taxes and insurance. The actual payment amount will be greater.
Interest rates and annual percentage rates (APRs) are for informational purposes only and are subject to change
without notice.

Personal Loan Terms

Fixed rates from 8.74% APR
to 35.49% APR reflect the
0.25% autopay interest rate discount and a 0.25% direct
deposit interest rate discount. SoFi rate ranges are current as of 12/14/25 and are subject to change
without notice. The average of SoFi Personal Loans funded in 2022 was around $30K. Not all applicants qualify for
the lowest rate. Lowest rates reserved for the most creditworthy borrowers. Your actual rate will be within the
range of rates listed and will depend on the term you select, evaluation of your creditworthiness, income, and a
variety of other factors.

Loan amounts range from $5,000– $100,000. The APR is the cost of credit as a yearly rate and reflects both your
interest rate and an origination fee of 0%-7%, which will be deducted from any loan proceeds you receive.

PERSONAL LOAN INTEREST RATES AND FEES | ELIGIBILITY AND IMPORTANT DETAILS. Annual percentage rates (APRs) shown
include the 0.25% autopay discount. 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 full APR examples and terms. Remember, not all
applicants will qualify for the lowest rate. Want to learn more? See our eligibility criteria at
SoFi.com/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 8.74% APR to
35.49% APR (with autopay).
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. Enrolling in autopay
is not required to receive a loan from SoFi. Loan Terms: SoFi Personal Loans offer loans with a period of
repayment between 2 and 7-year terms. Loan Fees: SoFi personal loans have no fees required; specifically, no
origination fees required, no late fees, no prepayment penalties.

PERSONAL LOAN | REPAYMENT EXAMPLE. The following example depicts the APR, monthly payment and total payments
during the life of a $30,000 personal loan with a 2-year repayment term, a 0.25% autopay
discount, and a fixed rate between 8.74% APR to 35.49% APR. It works out to 24 monthly payments ranging from $1,356.68–$1,529.07 for a total amount of
payments ranging from $32,560.37–$36,697.76. This repayment example assumes that the borrower is signed up for
autopay and that all payments are made on time, with no pre-payments. Actual rates may vary based on repayment
term, loan amount, creditworthiness, and other terms and conditions. SoFi does not offer variable rate personal
loans. State restrictions may apply.


Read more
Mar
17
2021
Wells Fargo no longer offers Private student loans

Wells Fargo No Longer Offers Private Student Loans

By | Money, student_loan | Comments Off on Wells Fargo No Longer Offers Private Student Loans

Wells Fargo has announced that it will no longer offer private student loans and student loan refinancing. Here’s what you need to know about the situation and how it might affect you.

Read more
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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 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 # 696891. (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.

INVESTMENTS: NOT FDIC INSURED • HAVE NO GUARANTEE • MAY LOSE VALUE. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. The SoFi Wealth platform is operated and maintained by SoFi Wealth LLC, an SEC Registered Investment Advisor. Brokerage services are provided to clients of SoFi Wealth LLC by SoFi Securities LLC, an affiliated broker-dealer registered with the Securities and Exchange Commission and a member of FINRA /SIPC . Clearing and custody of all securities are provided by APEX Clearing Corporation. For more information, please see SoFi Wealth LLC’s Form ADV Part 2 by clicking here for SoFi's Wealth Form ADV Part 2 A&B or by visiting www.adviserinfo.sec.gov .
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