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.
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SoFi Blog
Tips and news—
for your financial moves.
Jan
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 12/14/25 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.
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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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Learn more about investing.
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Jan
06
2022
Financial Insights Budgeting and Spending
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Head toward financial freedom with SoFi’s free budget planner.
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✓
Track your money
every day and start saving money the smart way.
every day and start saving money the smart way.
✓
Track top spending
categories to stay on top of your finances and set monthly budgets for free.
categories to stay on top of your finances and set monthly budgets for free.
✓
Spot upcoming bills and subscriptions
with recurring expense tracking to ensure you never miss a payment.
with recurring expense tracking to ensure you never miss a payment.
Get started
Based on SoFi Members. This claim may not be representative of the experience of all other customers. | Updated: 5/6/2025
The free budget app you’ve always wanted.
Stay on top of your finances by seeing where your money goes.
Say hello to a budget planner.
Say goodbye to spreadsheets with our customizable budgets. Easily set budgets and get updates on your progress for free.
See upcoming bills.
Don’t pay more than you need to. We’ll track bills to help make sure you never miss a due date.
Get insights into your spending.
Our spending categories feature lets you see how your money gets earned and spent each month across all your SoFi and external accounts.
Free credit score and credit utilization insights.
Track your credit score weekly and understand the factors that can change it, like your credit utilization.
FAQs
If you can’t automatically link your account, SoFi’s budget planner lets you manually add an
account or asset (like an owned car or home) so that you can see your entire net worth all in
one place. You can manually add bank accounts, credit cards, loans, investment or retirement
accounts, as well as other assets and liabilities.
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.
Yes, SoFi’s budget planner allows you to set monthly spending targets to keep track of your
cash flow and spending habits. Based on your self reported income, SoFi will recommend a
spending target, but you can always adjust your target to fit your goals.
SoFi identifies recurring expenses from your transaction history across all connected accounts.
You’ll see a monthly summary of your recurring expenses to help you spot upcoming payments,
monitor price changes, and stay on top of your bills.
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.
SoFi tracks your spending by pulling transactions from all your connected accounts into one
dashboard. It categorizes your spending, tracks your cash flow and spending habits, and shows
how you’re doing against your spending targets – all in real-time for a full view of your financial
picture.
See more FAQs
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Learn more about budgeting.
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Jan
06
2022
Financial Insights Credit Score Monitoring
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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.
Get started
Must click on the link to be eligible. Other terms & conditions apply.*
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View and track your finances all in one place.
Activate free credit score monitoring. Then connect and view all your accounts in one place—with a 360-degree view of your finances that helps you budget, save, and hit your financial goals.
Set monthly spending targets
Learn which categories you’re spending the most on—so you can budget effectively, and spend smarter.
Boost your savings
See how much savings you have after your expenses each month, view your averages, and track your progress over time.
Stay on top of recurring expenses
View all your transactions so you can track your upcoming payments and subscriptions (and say goodbye to surprise charges!).
Get started
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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.
Get started
Get weekly score updates.
Track your credit score at no cost, with weekly updates to help you stay on top of when your score changes.
Simulate credit scenarios.
Determine how certain financial decisions might impact your score.
Get advice from a SoFi Financial Planner.
Access SoFi member benefits, like a complimentary 30-minute financial planning session.
Get actionable credit insights.
Understand the factors that drive your credit score and what you can do to influence them.
Get started
What is credit score monitoring?
Here’s the gist: Credit score monitoring is a service that tracks your accounts and alerts you to any changes or suspicious activity, giving you time to start the process of undoing any damage that’s been done. (And with SoFi, it’s free!)
Looking to dive into the details? Learn more about what credit monitoring is and why it’s so important on your financial journey.
Learn more
Don’t miss the benefits of free credit score monitoring.
Keep an eye on your credit score.
By monitoring your credit with SoFi, you’ll get alerts to potential unauthorized activity or
identity theft— for free.
Prepare for major financial decisions.
Your credit score is important when you’re applying for loans, buying a home, or starting a business.
Identify areas for improvement.
See how your payment history and other factors impact your credit score and simulate changes to craft a plan for improvement.
How to sign up for free credit score monitoring with SoFi.
Sign up in under a minute—setup is easy, with no effect to your credit score:†
-
Enter your information.
This part is essential to unlock your personal credit score.
-
Consent to terms and conditions.
Almost done! We just need you to look over the legal terms.
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Start tracking!
View your credit score immediately in the dashboard.
Get started
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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
Get started
{/* FAQs */}
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.
Monitoring your credit score regularly is a key part of maintaining your financial health. Routine credit score checks can help you stay informed about your credit standing, identify areas for improvement, and detect potential unauthorized activity. At a minimum, aim to check your credit score once a year. However, ongoing credit score monitoring is even more beneficial, particularly if you’re preparing for major financial decisions, like buying a home.
Credit score ranges vary slightly depending on the scoring model used by each credit bureau. Generally, a score between 670 and 739 is considered “good,” 740 to 799 is classified as “very good,” and a score of 800 or higher is considered “excellent.”
See more FAQs
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Learn more about credit.
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