Personal Loans | Facebook | SoFi
Low rates. No fees required.
Personal loans made easy online.
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Low monthly payments
Save big by consolidating high-rate debt to one fixed payment.
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Get $5K to $100K
Get funds the same day you sign* or we can pay off your credit card directly.
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Unemployment protection
We’ll modify your payments and help you find your next role.4
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See rates in 60 seconds
No impact to your credit score.† No commitment.
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Personalized loan options for what you need—and when you need them.
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Why apply for a SoFi Personal Loan?
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Low rates
Low fixed rates that won’t change over time, protecting you from rising rates.
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No fees required
That means no origination fees required, no prepayment fees and no late fees whatsoever.
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Same-day funding*
Your funds could be available as quickly as the same day your loan is approved.
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Unemployment protection4
We’ll help modify your payments and assist you in finding a new job.
Expand to see how the features of a SoFi Personal Loan makes it stand out from the rest.
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A personal loan is a borrowed sum of money that is paid back with interest in installments. With a SoFi Personal Loan, you can borrow between $5,000 and $100,000 for various expenditures that include home improvements, credit card consolidation, IVF, even unplanned life events that call for emergency funds, and more. You can also check your rate in 60 seconds without affecting your credit score†, and get your loan funded as soon as the same day you’re approved.*
Learn more
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Save thousands with a low, fixed-rate personal loan.
With credit card rates on the rise, see how you could save thousands on interest by consolidating debt into a low fixed monthly payment.
See your savings
Example chart shows calculations based on a 5 year SoFi Personal Loan with a fixed rate of 14.84% APR, which is the rounded average median funded APR for SoFi Personal Loan borrowers who took out a loan with a 5 year term” from April 1 2022- April 1 2023. Lowest rates are reserved for the most qualified borrowers. The ‘High-Interest Rate Credit-Card’ APR shown is the average credit card APR reported by Wallethub for Q1 2023 under their Good Credit category. The savings estimate also assumes that the borrower doesn’t take out any additional credit card debt during the same period. Both calculations assume 60 total monthly payments and no pre-payment amounts.
Personal Loan Calculator
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Easily apply for a personal loan online in 3 steps.
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Prequalify
Find the rate that you qualify for in 60 seconds with no commitment.
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Choose your terms
Choose from 2-7 year terms and finish your application online.
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Receive your funds
Sign your documents and funds will be wired to your account—as quickly as the same day.*
View your rate
We’ve helped members like these pay off over $26B in debt with a SoFi Personal Loan.
“I’m on track to be debt-free by the end of the year.”
I turned to SoFi. I took out a loan, I paid off all those cards and now I’ve got one low monthly payment that feels very manageable. I can see that balance going down every single month and I’m actually on track to being debt-free by the end of the year. I’m really excited about that.
Calvin Landrum
SoFi member
“Thanks to SoFi, I am debt free and have stayed that way!.”
I decided to finally tackle my finances—I canceled all but one credit card and got a personal loan with SoFi. After a little over a year, I was able to pay off almost $10,000! I was trying to complete this for years and could never get traction. Thanks to SoFi, I am debt free and have stayed that way!
Megan Daveline
SoFi member
“I saved over $6,000 in interest.”
A SoFi [Personal] Loan helped me consolidate debt from four credit cards and paid off the outstanding balance in a fraction of the time. I saved over $6,000 in interest across all cards.
Matthew Calnan
SoFi member
“All of a sudden I had control of my finances and things were looking up.”
When I had a high debt-to-income ratio, I was struggling. I did some research and opted for a [SoFi] Personal Loan—getting that loan was a game-changer. All of a sudden I had control of my finances and things were looking up. I was so impressed by everything SoFi offered, I took advantage of their career advice, investments, and checking.
Vicent Brown Jr.
SoFi member
The savings and experiences of members herein may not be representative of the experiences of all members. Savings are not guaranteed and will vary based on your unique situation and other factors.
We’ve helped members like these pay off over $26B in debt with a SoFi Personal Loan.
The savings and experiences of members herein may not be representative of the experiences of all members. Savings are not guaranteed and will vary, based on your unique situation and other factors.
“I’m on track to be debt-free by the end of the year.”
I turned to SoFi. I took out a loan, I paid off all those cards and now I’ve got one low monthly payment that feels very manageable. I can see that balance going down every single month and I’m actually on track to being debt-free by the end of the year. I’m really excited about that.
Calvin Landrum
SoFi Member
“Thanks to SoFi, I am debt free and have stayed that way!”
I decided to finally tackle my finances—I canceled all but one credit card and got a personal loan with SoFi. After a little over a year, I was able to pay off almost $10,000! I was trying to complete this for years and could never get traction. Thanks to SoFi, I am debt free and have stayed that way!
Megan Daveline
SoFi Member
“I saved over $6,000 in interest.”
A SoFi [Personal] Loan helped me consolidate debt from four credit cards and paid off the outstanding balance in a fraction of the time. I saved over $6,000 in interest across all cards.
Matthew Calnan
SoFi Member
“All of a sudden I had control of my finances and things were looking up.”
When I had a high debt-to-income ratio, I was struggling. I did some research and opted for a [SoFi] Personal Loan—getting that loan was a game-changer. All of a sudden I had control of my finances and things were looking up. I was so impressed by everything SoFi offered, I took advantage of their career advice, investments, and checking.
Vincent Brown Jr.
SoFi Member
Resources on personal loans.
We have over 500 articles, budgeting tools, and guides—all with the goal of helping you Get Your Money Right®.
Visit SoFi Learn
Personal Loan FAQs
What can I use a personal loan for?
Many people apply for a low-interest personal loan to consolidate high-interest credit card debt. These loans can also be used to fund major life purchases or expenses, like home improvements, weddings, unexpected medical expenses, moving expenses, or funerals.
Learn more: What Are The Common Uses For Personal Loans?
What is a personal loan?
A personal loan is a loan offered by many banks, credit unions, or online lenders and typically range from $5K-$100K. While many loans specify how the money should be spent, personal loans allow for more flexibility and can be used to cover big expenses or consolidate high-interest debt with a more favorable rate.
Learn more: What is a Personal Loan?
Should I take out a personal loan to pay off my credit cards?
Personal loans can be used for a variety of purposes, but are commonly used to consolidate high-interest credit card debt. When using a personal loan to pay off credit card debt, the loan funds are used to pay off the cards’ outstanding balances. Ideally, the new loan will have a lower interest rate, making payments more manageable or saving the person money from accrued interest. Click here to learn more about the pros and cons of using low interest personal loans to consolidate debt.
Learn more: Using a Personal Loan to Pay Off Credit Card Debt
How can I calculate my expected monthly payments for a personal loan?
The monthly payment for a personal loan is determined by a variety of factors, including your interest rate, loan amount, term of the loan, and more. Our Personal Loan Calculator can help you figure out your monthly payments and decide whether applying for a personal loan is the right move for you.
Do personal loans require down payments?
No, an unsecured personal loan does not require a down payment, unlike a secured home loan.
What credit score is needed for a personal loan?
Applying for personal loans online or at your financial institution will require meeting your lender’s criteria. Since most personal loans are unsecured (meaning they don’t require collateral) this criteria assures the lender that you can repay the loan. Lenders will typically evaluate your credit score, income, and debt-to-income ratio, among other factors. Lower credit scores could affect your eligibility, terms or rate for a SoFi Personal Loan.
Learn more: Typical Personal Loan Requirements Needed for Approval
Are SoFi Personal Loans fixed interest rate or variable interest rate loans?
SoFi Personal Loans are fixed rate loans. If you like the consistency of knowing exactly what your monthly payments will be over time, you might prefer a fixed rate loan. Also, if you plan to pay your loan back over a longer period of time, say 10 or 20 years, you might prefer to eliminate the risk of interest rate changes over time by selecting a fixed rate loan.
Is the SoFi Personal Loan secured or unsecured?
The SoFi Personal Loan is an unsecured loan. This means that you do not need to provide collateral for the loan.
How much money can I get a personal loan for?
The answer depends on a wide range of factors, which mainly includes the type of lender and your
credit score. A SoFi Personal Loan allows applicants to borrow between $5,000 and $100,000.
Will applying for a personal loan affect my credit?
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.
How much money can I get a personal loan for?
Personal loans typically range between $1,000 to $40,000. With a SoFi Personal Loan you can borrow as little as $5,000 or as much as $100,000.
See all FAQs
Apply for your personal loan in 60 seconds.
Your time matters—so we made it fast to get started.
View your rate
BTW it’s a soft inquiry, so it won’t affect your credit score.†
† 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.
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, be residing in the U.S., 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 at the time of application and will depend on a variety of factors, including term of loan, evaluation of your creditworthiness, income, and other factors. If SoFi is unable to offer you a loan but matches you for a loan with a participating bank, then your rate may be outside the range of rates listed above. Rates and Terms are subject to change at any time without notice. SoFi Personal Loans can be used for any lawful personal, family, or household purposes and may not be used for post-secondary education expenses. Minimum loan amount is $5,000. The average of SoFi Personal Loans funded in 2022 was around $30K. Information current as of 03/03/23. SoFi Personal Loans originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org). See SoFi.com/legal for state-specific license details. See SoFi.com/eligibility for details and state restrictions.
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.
5 Autopay: The SoFi 0.25% autopay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. Autopay is not required to receive a loan from SoFi.
7 Direct Deposit Discount: To be eligible to potentially receive an additional (0.25%) interest rate reduction for setting up direct deposit with a SoFi Checking and Savings account offered by SoFi Bank, N.A. or eligible cash management account offered by SoFi Securities, LLC (“Direct Deposit Account”), you must have an open Direct Deposit Account within 30 days of the funding of your Loan. Once eligible, you will receive this discount during periods in which you have enabled payroll direct deposits of at least $1,000/month to a Direct Deposit Account in accordance with SoFi’s reasonable procedures and requirements to be determined at SoFi’s sole discretion. This discount will be lost during periods in which SoFi determines you have turned off direct deposits to your Direct Deposit Account. You are not required to enroll in direct deposits to receive a Loan.
‡ Same-Day Personal Loan Funding: 82% of typical SoFi Personal Loan applications, excluding Direct Pay Personal Loans and Personal Loan refinance, from January 1, 2022 to December 31, 2022 that were signed before 7pm ET on a business day were funded the same day.
