Personal Loans
Claim your exclusive $600
bonus with $0 fees required.*
✓ Affordable Low fixed rates and no fees required.
✓ Flexible Apply for $5K-$100K with 2-7 year terms.
✓ Fast Same Day Funding.
✓ Stress less with Unemployment Protection.4
View your rate
(without impacting your credit score)✝︎
Personal Loans
Claim your exclusive $600
bonus with $0 fees.*
✓ Affordable Low fixed rates and no fees.
✓ Flexible Apply for $5K-$100K with 2-7 year terms.
✓ Fast Same Day Funding.
✓ Stress less with Unemployment Protection.4
View your rate
(without impacting your credit score)✝︎
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Why apply for a Personal Loan with SoFi?
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
Best Personal Loan of 2022.
SoFi’s Personal Loan was named NerdWallet’s 2022 winner for Best Personal
Loan for Good and Excellent Credit and Best Online Personal Loan
overall. Come see why.
©2017-2022 and TM, NerdWallet, Inc. All rights reserved.
Why SoFi Personal Loans?
View your rate
If you’re paying interest on your credit cards a SoFi personal loan helps you consolidate debt. Borrow a loan amount up to $100,000 with fixed rates as low as 8.74% APR (with all discounts)57 and you could start paying a lower fixed monthly payment.
No matter what you need a personal loan for—like paying down high-interest debt or making a major purchase—you’ll get what you need fast. Get your loan funds as quickly as the same day your loan is approved.
We’ve got your back—if you lose your job, we may be able to temporarily modify your payments and help you find a new job4. Because if we’ve learned anything in the past few years, it’s that uncertainty is the only certainty.
View your rate
Best Personal Loan of 2022.
SoFi’s Personal Loan was named NerdWallet’s 2022 winner for Best Personal
Loan for Good and Excellent Credit and Best Online Personal Loan
overall. Come see why.
©2017-2022 and TM, NerdWallet, Inc. All rights reserved.
Low Rates
If you’re paying interest on your credit cards, a personal loan could be a great way to consolidate that high-interest debt. Borrow a loan amount up to $100,000 with fixed rates as low as 8.74% APR (with all discounts)57 and you could start paying a lower fixed monthly payment.
View your rate
(without impacting your credit score)†
Same-Day Funding*
No matter what you need a personal loan for—like paying down high-interest debt or making a major purchase—you’ll get what you need fast. Get your loan funds as quickly as the same day your loan is approved.
View your rate
(without impacting your credit score)†
Unemployment Protection
We’ve got your back—if you lose your job, we may be able to temporarily modify your payments and help you find a new job4. Because if we’ve learned anything in the past few years, it’s that uncertainty is the only certainty.
View your rate
(without impacting your credit score)†
Easy Experience
View your rate in 60 seconds—without affecting your credit score. Apply online from start to finish and get access to live, U.S.-based customer support, seven days a week.
View your rate
(without impacting your credit score)†
Personal loans options for what you
need—and when you need them.
Explore all the ways a low-interest personal loan can simply make life’s moments—from the big milestones, to small weekend projects, and everything in-between—totally affordable, and completely doable.
How to apply for a personal loan online.
When it comes to loan options, applying online with SoFi is a breeze—and with low rates and $0 fees, even the math is easy.
Find the rate that you qualify for in 60 seconds with no commitment.
Complete your application
When you’re ready, complete your online loan application with help from SoFi loan consultants.
Sign your documents and funds will be wired to your account—as soon as the same day.*
View your rate
(without impacting your credit score)†
Save thousands with a low, fixed-rate personal loan.
Did you hear credit card
variable rates are rising in 2022? See how
you can save thousands on interest by
consolidating debt into a low fixed
monthly payment.
SoFi
Personal Loan
Balance
$36,269
Interest Rate
11.66% APR*
Monthly payment
$800
5-year interest paid
$11,764
High-interest rate credit card
Balance
$36,269
Interest Rate
18.98% APR
Monthly payment
$940
5-year interest paid
$20,157
Estimated savings with SoFi
$8,392
See your savings
Example chart shows calculations based on a 5 year SoFi Personal
Loan with a fixed rate of 11.66% 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 March 28 2021-March 28 2022.
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 Q4 2021 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
Let the numbers speak for themselves with our Personal Loan Calculator.
Get a more precise estimate of how a SoFi Personal Loan could save you money with debt consolidation—our calculator is just a click away.
Calculate my savings
Real SoFi members on getting their money right.
“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
Personal loan tools, tips, and resources.
Our online resource center provides you with 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. There is no minimum credit score required to secure a personal loan, but lower scores could affect your eligibility, terms, or rate—depending on your lender.
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.
What is the minimum and maximum I can borrow with a SoFi Personal Loan?
With the SoFi Personal Loan, the minimum amount you can borrow is $5,000 and the maximum is $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 minutes.
Speed matters. Which is why you can view your personal loan rate—in a literal minute.
View your rate
(without impacting your credit score)†
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.
** Terms and conditions apply. Offer good for new personal loan customers with credit cards in their name only and subject to lender approval. To receive the offer, you must: (1) register and/or apply through this landing page; (2) complete a loan application with SoFi within 90 days of your application submit date; (3) meet SoFi’s underwriting criteria; (4) apply 50% or more of your loan proceeds directly to your creditors. Once conditions are met and the loan has been disbursed, the interest rate shown in the Final Disclosure Statement will include an additional 0.25% rate discount. Offer good for new customers only. SoFi reserves the right to change or terminate the Rate Discount Program to unenrolled participants at any time with or without notice. It takes about 3 business days for your credit card lender to receive payment after your loan is signed. You will be responsible for making all required payments to avoid credit card fees.
‡ 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.
Personal Loan $600 Bonus: Terms and conditions apply. Offer is subject to lender approval. The offer is not available to those who have previously received a bonus for funding a personal loan. To receive the offer, you must: (1) register and apply through the unique URL provided (2) complete and fund a personal loan with SoFi; (3) have or apply for a SoFi Checking and Savings or have a SoFi Money account to receive the bonus; (4) and meet SoFi’s underwriting criteria. Once conditions are met and the loan has been disbursed, your welcome bonus will be deposited into your SoFi Checking and Savings or Money account within 30 calendar days. If you do not qualify for the SoFi Checking and Savings or SoFi Money Account, SoFi will offer payment via ACH pending your completion of Form W9. Bonuses that are not redeemed within 180 calendar days of the date they were made available to the recipient may be subject to forfeit. Bonus amounts of $600 or greater in a single calendar year will be reported to the Internal Revenue Service (IRS) as miscellaneous income to the recipient on Form 1099-MISC in the year received as required by applicable law. Recipient is responsible for any applicable federal, state or local taxes associated with receiving the bonus offer; consult your tax advisor to determine applicable tax consequences. SoFi reserves the right to change or terminate the offer at any time with or without notice.
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