Jan
11
2022
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for your financial moves.
Jan
07
2022
SoFi ReFi 599
Fixed interest rates start
at 4.24% APR* (with autopay) and a $599 welcome bonus for SoFi at Work partners.
Refinancing your student loan^ could help save you a ton of money, and you can get an additional $5991 welcome bonus when you refinance your student loan using this page.
View your rate
Checking your rate will not affect your credit score.✝︎
Choose from low fixed or variable rates.
Why SoFi?
View your rate
Serious savings
Save thousands of dollars thanks to flexible terms and low fixed or variable rates.
Fast, easy, and all online
Simple online application and access to live customer support 7 days a week.
No fees, no catch
No application or origination fees. No pre-payment penalties.
Access to member benefits
SoFi members get financial advice, and more—all at no cost.
We know student loans.
$47 billion+
in refinanced student loans
550,000+
members have refinanced their student loans
98%
of surveyed members would recommend SoFi to a friend 3
How it works
Get pre-qualified online.
We’ll let you know if you’re qualified before you complete the full application.
Select your rate and term.
Choose between saving on your monthly payment or saving on total student loan interest.
Get your new loan.
Upload screenshots of your information, then sign your paperwork electronically. Then we’ll pay off your servicer(s) and issue you one new student loan.
View your rate
FAQs
Who should refinance?
Refinancing is a great solution for working graduates who have high-interest, unsubsidized Direct Loans, Graduate PLUS loans, and/or private loans. Federal loans do carry some special benefits, for example, public service forgiveness and economic hardship programs, that may not be accessible to you after you refinance. Check out this blog post that provide more information: When to Consolidate Federal and Private Loans by Refinancing. Or, call us for a free consultation about your particular situation.
Can I refinance both federal and private student loans?
Yes, SoFi will consolidate all qualified education loans.
Am I a good candidate to refinance my student loans with SoFi?
SoFi aims to revolutionize financial services—ultimately improving the system for everyone. Today, we’re able to offer significant savings and flexibility to US citizens or permanent residents who have graduated from a selection of Title IV accredited university or graduate programs, are employed, has a sufficient income from other sources, or hold a job offer with a start date within 90 days, have a responsible financial history, and a strong monthly cash flow.
What is the difference between consolidating and refinancing?
Student loan consolidation is when you combine multiple loans into one single loan. Student loan refinancing, on the other hand, is when you get a new loan at a new interest rate and/or a new term. You can refinance both federal and private loans. Learn more here.
What’s the difference between fixed and variable rate loans?
Fixed rate loans are loans that have an interest rate that does not change over the life of a loan, which means you pay the same amount each month. It also means you know with certainty the total interest that you’ll pay over the life of the loan. Fixed rate is a general term that can apply to different types of loans with a variety of uses, including student loans, mortgages, auto loans, and unsecured personal loans.
Variable rate loans are loans that have an interest rate that will fluctuate over time in line with prevailing interest rates. They generally have lower starting interest rates than fixed rate loans, but the interest rate and payment amounts can change over time. Sometimes they are also known as floating rate loans.
Learn more at https://www.sofi.com/fixed-vs-variable-rate-loans/
Where can I find more information about student loans in general?
Deciding how to best handle your student loan obligations can be an intimidating process. That’s why we’ve put together our Student Loan Help Center to give you guidance on payments, refinancing, budgeting, and common terminology so you can feel more confident in your journey to becoming debt free.
See all FAQs
More student loan refi resources
View your rate in just two minutes.
View your rate
Jan
07
2022
Amazon Expanding EV Fleet, Stellantis the Beneficiary This Time
Amazon says it’s buying more electric vehicles in a deal with Stellantis, diversifying away from just Rivian.
Read moreJan
06
2022
Relay Financial Insights Credit Score Monitoring Offer
View your free credit score and earn rewards points.
Getting your financial goals on track starts with your credit score. With credit score monitoring, you can track your score and earn rewards points every time it goes up five points or more.
Start now
Must click on the link to be eligible. Other terms & conditions apply.*
Improve your Financial Health by Improving your Credit Health
Sign up for credit score monitoring in under a minute and
begin getting insights into your financial health.
Weekly Score Updates.
Track your credit score at no cost, with weekly updates to help you stay on top of when your score changes.
Get Actionable Credit Insights.
Understand the factors that drive your credit score and what you can do to influence them.
Simulate Credit Scenarios.
Determine how certain financial decisions might impact your score.
Get Financial Advice from a SoFi Specialist.
Access SoFi Member benefits like personalized advice from a credentialed financial planner for no additional cost.
The power of your credit score
lies ahead.
Track your credit growth.
See how your credit score has changed over time
Powered by TransUnion®.
Get your VantageScore 3.0 credit score updated weekly
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FAQs
SoFi leverages the TransUnion VantageScore 3.0 model which includes several key components:
- Payment History – comprised of whether you regularly pay your bills on time.
- Credit Age and Type – average age of your credit accounts and mix of various types such as revolving debt and installment debt. An example of revolving debt is a credit card and an example of installment debt is a student loan.
- Credit Utilization – the percentage of your credit limit you currently have outstanding.
- Balances – balances on your credit accounts including current balances as well as delinquent accounts.
- Inquiries – recent inquiries or applications for new credit.
- Available Credit – amount of available credit that is unused.
Checking your own credit report is considered a soft inquiry, which does not impact your credit score.
Your credit score is used by lenders, among others, as they review your applications for credit and determine your creditworthiness which might influence if they are willing to extend credit and at what terms. It might also be used by landlords, utility providers, and prospective employers.
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.
Jan
06
2022
Financial Insights Investment Portfolio Summary
See all your
investments in
one place.
SoFi provides a detailed breakdown of your accounts and individual holdings, giving visibility into your investment performance.
Get started
The insights you’ve always wanted.
SoFi helps you understand how all your investments change with the market.
Track all your investments.
Connect your investment accounts and get updates on your portfolio.
Manage progress towards your retirement.
SoFi automatically categorizes your retirement accounts so that you can see how close you are to your retirement goal.
See changes in your net worth.
Helpful charts and tables make it easy to track changes in your net worth over time.
Get financial advice from a SoFi financial planner.
Access SoFi Member Benefits like a complimentary 30-min session with a SoFi financial planner.
FAQs
SoFi leverages the TransUnion VantageScore 3.0 model which includes several key components:
- Payment History – comprised of whether you regularly pay your bills on time.
- Credit Age and Type – average age of your credit accounts and mix of various types such as revolving debt and installment debt. An example of revolving debt is a credit card and an example of installment debt is a student loan.
- Credit Utilization – the percentage of your credit limit you currently have outstanding.
- Balances – balances on your credit accounts including current balances as well as delinquent accounts.
- Inquiries – recent inquiries or applications for new credit.
- Available Credit – amount of available credit that is unused.
Checking your own credit report is considered a soft inquiry, which does not impact your credit score.
Your credit score is used by lenders, among others, as they review your applications for credit and determine your creditworthiness which might influence if they are willing to extend credit and at what terms. It might also be used by landlords, utility providers, and prospective employers.
See more FAQs
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