With the pandemic behind us, younger employees are lowering the bar for when to use a sick day at work.

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Our student bank account is designed to help college students get their money right – now and beyond graduation.

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FAQs

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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 12/17/25 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%-6%, 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.

SoFi 1% Rollover Match Terms & Conditions

The SoFi Securities LLC (“SoFi Securities”) and SoFi Wealth LLC (“SoFi Wealth,” and together with SoFi Securities, “SoFi”) 1% Rollover Match (“Rollover Match” or “Offer”) applies to eligible rollovers from Eligible Account Types (as defined below) into Individual Retirement Accounts (“SoFi IRAs”) held through a Self-directed SoFi Invest account (offered by SoFi Securities LLC) or a Robo SoFi Invest account (offered by SoFi Wealth LLC). The Offer is governed by the following Terms & Conditions:

Offer: SoFi will match 1% of a customer’s eligible rollover into their newly opened SoFi IRA or existing SoFi IRA initiated in partnership with Capitalize during the Offer Period. The rollover funds must be maintained in the SoFi IRA account for five (5) years from the settlement date. Matches will be paid in cash within 5 business days from the date which the rollover funds settle in your SoFi IRA account.

Offer Period: The Offer Period is any time from November 21, 2025 onwards, though SoFi may modify, suspend, or terminate the Offer at any time without advance notice.

Eligibility: The Offer is available solely to customers who roll over their account under Internal Revenue Code Sections 401(k), 403(b) or 457(b) (“Eligible Account Type”) into a SoFi IRA and initiated in partnership with Capitalize within the Offer Period. “Rollover” refers to deposits received via check. Rollovers received by ACAT transfers are excluded from this Offer. If a rollover call is required by SoFi’s third party service provider Capitalize, it must occur within one month after the end of the Offer Period.

SEP IRAs not eligible. Rollovers to a SEP IRA (Simplified Employee Pension Individual Retirement Account) are not eligible for the Match.

Calculations and Payments: Matches will be paid out in cash into the account where the check was deposited within 5 business days of the deposit being settled. The 1% Rollover Match is calculated based on the total rolled-over check amount. Payment will be made into the IRA initially credited with the rollover.

Example: If you complete a $75,000 rollover with Capitalize to a SoFi IRA during the Offer Period, you will be matched 1%, equaling $750.

Limitations: Qualifying rollovers must remain in the SoFi IRA account that earned the promotion for five (5) years to keep the entire match amount. If a member makes a withdrawal before the five (5) year Holding Period is complete, they will be subject to an early withdrawal fee and SoFi will remove a proportional amount of the Match from the member’s account. The proportional amount is based on the breach in retention value, not retention period. To avoid this fee, the total equity of the member’s account (“total equity”) must remain at the original pre-promotion equity balance in the account, plus the qualifying rollover and match amount. If a withdrawal causes the total equity to fall below this combined amount, the fee will be applied. The fee will also apply if the member initiates a withdrawal and the total equity has fallen, for any reason including investment losses. Distributions required by law (e.g., required minimum distributions in IRAs) can also trigger the fee. However, the fee will not apply if the member’s total equity has risen by an amount greater than the withdrawal amount, either by investment gains or additional deposits.

The proportional early withdrawal fee is deducted from the requested withdrawal amount. In the event of an ACAT transfer out, there will be an early withdrawal fee for the entire match amount. If insufficient cash is available in this account, the fee will be debited from an outgoing financial institution or added to a margin balance. SoFi reserves the right to liquidate securities to pay for this early withdrawal fee. SoFi will also bill an ACAT out fee separate from an early withdrawal fee. All such fees are subject to the then-current SoFi fee schedule.

Examples:

Fraud and Violations: SoFi reserves the right to decline, rescind, or delay granting the 1% Match if fraudulent activity or violations of these Terms are suspected. SoFi will liquidate any security to recover the Match amount if required.

Not a Recommendation: This Offer is not a recommendation to buy, sell, or hold any security, or roll over any retirement plan account, nor does it endorse any specific investment strategy or account type. There are many factors an investor should consider before contributing to an IRA or deciding to rollover an employer-sponsored retirement plan. Customers are advised to consult with a qualified advisor before making any transfers or rollovers. Customers acknowledge that by participating in the Match, they are participating in the Offer voluntarily and not based on any investment advice from SoFi.

Rollover Considerations: A rollover is one of several options available to you and may not be the best option for you. Other options may include leaving the Eligible Account Type at your former employer, rolling the Eligible Account Type to a new employer plan, or cashing out the Eligible Account Type. You should consult with a financial advisor or tax professional prior to making any decision. Further you should consider the following prior to any change in your Eligible Account Type:

•  Investment Options: Eligible Account Types generally have limited investment options, however, some options may be exclusive to that employer’s plan. IRAs often have wider range of investment options available to investors

•  Services: There are different levels of service available to Eligible Account Type participants and an investor should consider how these services differ from those in an IRA. Some employer plans may offer more robust service options.

•  Fees & Expenses: Both Eligible Account Type plans and IRAs involve expenses and fees. An investor can expect to pay some fees in an IRA that may not be applied to an Eligible Account Type such as loads, commissions, fund expenses, or advisory fees. Some employers cover administrative fees such as recordkeeping, trustee, or compliance fees. For additional details on the SoFi fee schedule click here.

•  Loans: Many employer plans allow you to take loans against the assets in your plan, while this option is generally unavailable in IRAs. You will be required to pay any outstanding loan balance prior to a rollover.

•  Penalty Free Withdrawals: Employees that leave their job prior to age 59 ½ may be eligible for penalty free withdrawals from their plan. However, penalty free withdrawals generally start at 59 ½ in IRAs.

•  Protection from Creditors: Eligible Account Type plans generally have unlimited protections (in amount) against judgements and creditors. IRAs are only protected in bankruptcy up to $1,711,975 (as of April 2025) and state laws vary.

•  Required Minimum Distributions (RMDs): For both employer plans and IRAs individuals are required to take periodic distributions beginning at age 73 or 75 depending on your year of birth. However, if an individual continues working past age 73 they may not be required to to RMDs from their employer plan.

•  Employer Stock: There may be negative tax consequences for individuals who hold appreciated employer stock in an employer plan and transfer to an IRA. If this applies to you, consult your tax advisor prior to initiating a transfer or rollover.

Taxes: The Match is treated as interest earned and does not impact contribution limits, but may be reportable on IRS Form 1099-INT, 1099-MISC, or Form 1042-S as applicable. Recipient is responsible for any applicable federal, state or local taxes associated with receiving the offer; consult with your tax advisor to determine applicable tax consequences. Each investor’s tax situation is unique, and SoFi does not provide tax advice.

Disclosures: SoFi reserves the right to change or terminate the Offer at any time without notice. The Offer is not transferable, saleable, or valid in conjunction with other offers and is available to U.S. residents for personal, non-commercial use only. Participation in this Offer constitutes acceptance of these Terms.

SoFi 1% IRA Deposit Match Terms & Conditions

The SoFi Securities LLC (“SoFi Securities”) and SoFi Wealth LLC (“SoFi Wealth,” and together with SoFi Securities, “SoFi”) 1% IRA Deposit Match (“IRA Deposit Match” or “Offer”) is governed by the following Terms & Conditions:

Offer: SoFi will match 1% of a customer’s deposits, up to their Internal Revenue Service (IRS) contribution limit, made into their existing or newly opened SoFi Individual Retirement Account (“SoFi IRA”) held through a Self-directed SoFi Invest account (offered by SoFi Securities LLC) or a Robo SoFi Invest account (offered by SoFi Wealth LLC) during the Offer Period. Deposits must be maintained in the IRA account for five (5) years from the settlement date. Matches will be paid in cash within 5 business days from the date which the funds settle in your SoFi IRA account. Please see examples below:

Example 1: If you have not made any contributions to your IRA for 2025 before the offer period, and contribute $7,000 during the offer period, you will be matched 1% of your contribution which is $70.

Example 2: If you have made a contribution of $2,000 to your IRA for 2025 before the offer period, and contribute an additional $7,000 during the offer period, bringing you over the annual contribution limit, you will be matched 1% of your additional contribution up to the legal limit, which would be $50 if you are under 50 years old, or $60 if you are over 50 years old.

Offer Period: The Offer Period is any time from November 21, 2025 onwards, though SoFi may modify, suspend, or terminate the Offer at any time without advance notice.

Eligibility: The IRA Deposit Match is available to customers who have an existing or newly opened SoFi IRA—whether a Self-directed IRA offered by SoFi Securities LLC or a Robo IRA offered by SoFi Wealth LLC—in good standing during the Offer Period and have successfully deposited cash in their SoFi IRA. Only deposits received through a contribution via automated clearing house (ACH) transfer or via instant cash transfer from SoFi Bank accounts are eligible.

Calculations and Payments: Matches will be paid out in cash into the account where the cash contribution was deposited within 5 business days of the deposit being settled. The 1% Deposit Match is calculated based on the total amount deposited (via ACH or instant cash transfer from SoFi Bank accounts). If contributions are no longer in the account for any reason (withdrawal, account transfer, IRA conversion, etc.), you will not receive a match.

Limitations: Qualifying deposits must remain in the SoFi IRA account that earned the promotion for five (5) years to keep the entire match amount. If a member makes a withdrawal before the five (5) year Holding Period is complete, they will be subject to an early withdrawal fee and SoFi will remove a proportional amount of the Match from the member’s account. The proportional amount is based on the breach in retention value, not retention period. To avoid this fee, the total equity of the member’s account (“total equity”) must remain at the original pre-promotion total equity in the account, plus the qualifying deposit and match amount. If a withdrawal causes the total equity to fall below this combined amount, the fee will be applied. The fee will also apply if the member initiates a withdrawal and the total equity has decreased, for any reason including investment losses. Distributions required by law (e.g., required minimum distributions in IRAs) can also trigger the fee. However, the fee will not apply if the member’s total equity has risen by an amount greater than the withdrawal amount, either by investment gains or additional deposits.

The proportional early withdrawal fee is deducted from the requested withdrawal amount. In the event of an ACAT transfer out, there will be an early withdrawal fee for the entire match amount. If insufficient cash is available in this account, the fee will be debited from an outgoing financial institution or added to a margin balance. SoFi reserves the right to liquidate securities to pay for this early withdrawal fee. SoFi will also bill an ACAT out fee separate from an early withdrawal fee.

Examples:

Fraud and Violations: SoFi reserves the right to decline, rescind, or delay granting the 1% IRA Deposit Match if fraudulent activity or violations of these Terms are suspected. SoFi will liquidate any security to recover the match amount if required.

Not a Recommendation: This Offer is not a recommendation to buy, sell, or hold any security, nor is the Offer a recommendation or endorsement of any investment strategy. The Offer is not a recommendation that a customer rollover or transfer assets into a SoFi IRA, nor a recommendation for any specific account type. There are many factors that an investor should consider before initiating a rollover as it is one of a few options. An investor should consult with a qualified advisor prior to initiating a transfer or rollover. Customers that wish to participate in the IRA Deposit Match are acknowledging the offer is not investment advice and are participating in the Offer voluntarily.

Taxes: The Match is treated as interest earned and does not impact contribution limits, but will be reportable on IRS Form 1099-INT, 1099-MISC, or Form 1042-S as applicable. Recipient is responsible for any applicable federal, state or local taxes associated with receiving the offer; consult with your tax advisor to determine applicable tax consequences. Each investor’s tax situation is unique, and SoFi does not provide tax advice.

Disclosures: SoFi reserves the right to change or terminate the Offer at any time without notice. The Offer is not transferable, saleable, or valid in conjunction with other offers and is available to U.S. residents for personal, non-commercial use only. Participation in this Offer constitutes acceptance of these Terms.