Sep
16
2023
CEO Paychecks Are Weighing On Worker Morale
Pay for company executives versus the average worker has soared, and the growing disparity is eating away at employee morale and happiness.
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SoFi Blog
Tips and news—
for your financial moves.
Sep
15
2023
Sep
13
2023
Better Banking is Here with SoFi Checking and Savings
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Experience industry-leading savings rates.
You’ll earn more interest in seven weeks with SoFi than you would with a big bank. Period.
Open an account
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Get up to 3.60% APY today1—
tomorrow will thank you.
Open an account
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 12/15/25 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.
Read moreSep
13
2023
SoFi Bill Pay
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Make bill payments faster, easier, and less painful.
With a SoFi Checking and Savings account, you can easily pay for your utilities, mortgage, credit cards, and more without hassle—or fees*—all from the app.
Open an account
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Pay all your bills online, all in one place.
Plus, keep track of everything going on in your account.
Make payments on your schedule.
Set up payments to companies or individuals on a one-time or monthly basis.
Pay bills safely and securely.
Get peace of mind when you process bills directly via the SoFi app. Bills to companies are processed electronically, and payments to individuals are processed via certified USPS delivery.
Keep track of your payments.
By adding SoFi Insights1, you can view recurring bills, track monthly spending, and get automatic categorization of payments.
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Open a SoFi Checking and Savings account.
Provide basic information to open an account in minutes. If you set up direct deposit, we’ll throw in a cash bonus of up to $300.†
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Select “Pay bills.”
Once you fund your account, head to your checking dashboard to start paying bills.
-
Choose biller accounts.
Select your accounts from the list or manually enter their information.
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Enter dollar amount and frequency.
Finally, choose how much and how often to pay the biller. This is where you can set up automatic bill payments.
How to pay bills online with SoFi.
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A bank account that goes beyond bill payments—way beyond.
This isn’t your average bank account. With SoFi Checking and Savings, you can receive your paycheck up to two days early^ and get up to a $300 cash bonus when you set up direct deposit.†
The best part? You can get up to 3.60% APY on your balances with direct deposit.‡
Open an account
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FAQs
To pay bills using the SoFi app, simply tap “Banking”, then “Pay Bills.” You can select a new or existing payee, enter the dollar amount, and select your frequency.
You can pay just about any bill using SoFi’s bill pay service, including utilities, credit card, loans, and more.
It can vary slightly but electronic bill payments generally take two to three business days to complete. Though your payment might not show immediately, it will be credited as of the delivery date. If you make your payment on time, there’s nothing to worry about.
Yes. To set up automatic bill payments, simply choose your preferred payment frequency after entering the amount you’d like to pay. For example, let’s say you select “Monthly” as the frequency for your WiFi bill. Moving forward, we’ll automatically transfer funds from your checking account to your WiFi biller on a monthly basis.
Choose the “Pay Bills” option, select the company you want to pay, and specify that you want to make a one-time payment in the “Frequency” field.
There are no fees for paying bills through SoFi.
Explore other online banking features:
Zelle® →
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Make your bill payments smarter, not harder.
Ready to take the stress out of paying bills? Open a SoFi Checking and Savings account today.
Get started
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Get the skills for paying bills
Home > Banking > Online Banking >Online Bill Pay
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Sep
12
2023
DM – HL Prospect Trigger (New)
With a SoFi Mortgage,
You’re eligible for a
$1,000 cash bonus.*
Here’s a great reason to choose SoFi for your next home
purchase or refi. Get a $1,000 cash bonus into a SoFi Checking
and Savings account once your loan is funded! Start by viewing your
rate-it takes minutes and won’t affect your credit score.†
Where’s my confirmation #?
Your confirmation # is a 13—digit code on the right hand side of the SoFi offer you received in the mail.
Don’t worry—checking your rate will not affect your credit score.†
Why SoFi
Mortgages?
Help when you need it.
Our Mortgage Loan Officers (MLOs) can guide you through the process—and we have member specialists standing by to answer any other questions.
Flexible loan options
✓ Choose from 10-, 15-, 20-, and 30-year fixed terms5-8
Simple online application.
Buying a home shouldn’t be so painful–our online application is simple, and we have dedicated Mortgage Loan Officers to guide you through the process.
Low down payment options
Down payments as low as 3% for first-time borrowers^, or as low as 5% for other borrowers.^
Private Mortgage Insurance (PMI) is an insurance that protects lenders in the event of loan default.
^ SoFi requires Private Mortgage Insurance (PMI) for conforming conventional home loans with a loan-to-value (LTV) ratio greater than 80%. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.
Lock in today’s rate and find the home you love.
Our Lock and Look feature² allows you to lock in your rate for 90 days while you search for the perfect place to call home.
Close. On. Time.
Guaranteed.
You deserve a more zen mortgage. Our Mortgage Loan Officers are dedicated to closing your new home purchase on time – backed by our $5,000 guarantee offer.‡
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.
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