Jun
19
2014
Can I utilize SoFi Career Services?
Yes. If you take out a SoFi MBA Loan, you are welcome to schedule an appointment with SoFi’s Career Strategy Team.
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Tips and news—
for your financial moves.
Jun
19
2014
Should I choose a fixed interest rate or variable interest rate loan?
Whether you choose a fixed or variable interest rate really depends on your particular financial situation. Find out more information on our Fixed vs. Variable Rate Loans resource page. Feel free to give us a call at 855-456-7634 to talk with a customer care consultant about which product may be right for you.
Read moreJun
19
2014
Personal Loan – Rates
Compare Rates and Terms
The following examples depict the APR, monthly payment and total payments during the life of a $30,000 personal loan. All personal loan APR rates below are shown with the Autopay Discount (0.25%) and a 0.25% direct deposit discount5 and reflect only term options without an origination fee. Your actual interest rate may be different than the rates in these examples and will be based on term of loan, whether you choose an origination fee option, your financial history and other factors. State restrictions may apply.
Payment Examples
Fixed Rate Loans (reflecting only no origination fee term options)
| Term | Origination Fee |
Rate (APR) |
No. of Payments |
Monthly Payment |
Total Payments |
|---|---|---|---|---|---|
| 2 Years | None | 7.74% – 35.49% | 24 | $1,353.26 – $1,763.32 | $32,478.34 – $42,319.74 |
| 3 Years | None | 7.74% – 35.49% | 36 | $936.50 – $1,365.41 | $33,713.89 – $49,154.90 |
| 4 Years | None | 8.23% – 35.49% | 48 | $735.63 – $1,178.04 | $35,310.28 – $56,545.80 |
| 5 Years | None | 9.50% – 35.49% | 60 | $630.06 – $1,074.14 | $37,803.35 – $64,448.26 |
| 6 Years | None | 10.56% – 35.49% | 72 | $564.28 – $1,011.27 | $40,628.47 – $72,811.45 |
| 7 Years | None | 11.90% – 35.49% | 84 | $527.98 – $971.20 | $44,350.23 – $81,581.10 |
Questions? Call us for a free consultation at 855-456-7634
Jun
19
2014
Personal Loans – C
Personal Loan Comparison6
Here’s how SoFi Personal Loans compare
| SoFi | Lending Club | Discover Personal Loan | Credit Cards | ||
|---|---|---|---|---|---|
| APR range |
Fixed Rates 7.74% – 35.49% (with AutoPay)5 |
6.16% – 35.89% | 6.99% – 24.99% | 13.72% – 23.84%6 | |
| Fees | No Fees | 1 – 6% Origination Fee | No Fees | 3% Balance Transfer Fee | |
| Term | 3 – 7 years | 3 or 5 years | 3 – 7 years | Rolling | |
| Instant Pre-Qualification | Yes | Yes | Yes | Varies | |
| Amount | $5,000 – $100,000 | $1,000 – $40,000 | $2,500 – $35,000 | Varies | |
| Unemployment Protection4 | Yes | No | No | No |
Jun
19
2014
Should I choose a fixed interest rate or variable interest rate loan?
Whether you choose a fixed or variable interest rate really depends on your particular financial situation. Find out more information on our Fixed vs. Variable Rate Loans resource page. Feel free to give us a call at 855-456-7634 to talk with a customer care consultant about which product may be right for you.
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