Jun
16
2021
Aviation Trade Tensions Between EU and US Ease
The US and EU have agreed to suspend a long-running trade dispute in the aviation market. Learn more here.
Read more
SoFi Blog
Tips and news—
for your financial moves.
Jun
11
2021
Wedding Loans
Plan your dream
wedding with a
wedding loan.
Finance your engagement ring, wedding, or honeymoon
with a low fixed-rate personal loan from $5K-$100K. You
could save thousands of dollars compared to high-interest
credit cards with fixed rates ranging from 8.74% APR to
35.49% APR (with all discounts)57.
View your rate
BTW it’s a soft inquiry, so it won’t affect your credit score.†
Why do over 12.6M members love SoFi?
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.
Received a mailer from
us?
>
Enter confirmation #
Why get a wedding loan with SoFi?
-
No fees required
With SoFi, there are no origination fees required, no prepayment fees and no late fees.
-
-
You could save money on interest
With low interest rates, a personal wedding loan from SoFi could save you thousands of dollars compared to high-rate credit cards.
-
Fast funding
Get your funds as quickly as the same day your loan is approved.*
Fall in love with a SoFi Wedding Loan.
SoFi Personal Loans include wedding and honeymoon financing because we believe in helping you achieve major milestones while getting your money right.
-
No origination fees required.
-
No pre-payment fees.
-
No late fees.
You could save thousands
with low interest wedding loans from SoFi.
There’s a better way to pay for your wedding than using high-interest credit cards. A SoFi Wedding Loan allows you to borrow from $5K to $100K with fixed interest rates starting at8.74% APR (with all discounts)57. Before picking up the plastic, see how much you could save with our personal wedding loans.
View your rate
Example chart shows calculations based on a 5 year SoFi Personal Loan with a fixed rate of 14.90% 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 2023 – April 1 2024. 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 2024 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, no origination fee option selected and no pre-payment amounts.
Getting a personal loan for a wedding is as easy as 1-2-3.
We’ve made it quick and simple to apply for a personal wedding loan—we’re talking a matter of 60 seconds. Just follow the steps below to get started.
View your wedding loan rate.
It only takes a minute to explore your options, and it won’t affect your credit score.†
Select your wedding loan terms.
Find the term and monthly payment that work best for you—and see just how much you could save with SoFi.
Finish your wedding loan application.
Complete your loan documents and enjoy same-day funding* wired directly to your account.
View your rate
Checking your rate will not affect your credit score.✝︎
How can you use a
wedding loan?
Engagement rings and wedding bands
Personal wedding loans are a great way to finance engagement rings and wedding bands. With fixed interest rates and monthly payments, you’ll know exactly how much you owe and when your loan will be paid in full.
View your rate
Wedding reception
The average cost of a wedding ceremony and reception in 2019 was $28,000. Start off your marriage on the right foot by avoiding the accumulation of high-interest credit card debt. Our personal wedding loans range from $5K-$100K, offering fixed interest rates, steady payments, and no fees required.
View your rate
Honeymoon
Wedding loans are a type of personal loan we offer to help couples finance their dream honeymoons. The average honeymoon costs $5,000, but there’s no need to pull out the plastic. You could avoid accumulating high-interest credit card debt and save thousands with a fixed rate personal wedding loan from SoFi.
View your rate
Food and venues
The average wedding catering bill comes to $4,000 and the venue an additional $6,000. Finance your wedding expenses with a low-rate personal loan from $5K-$100K. Fixed rates range from 8.74% APR to 35.49% APR (with all discounts)57.
View your rate
Photographer
How can you create lasting memories of your big day if no one’s there to capture it? Wedding photographer fees can cost $2,400, and you can expect to pay an additional $1,800 for a videographer. Apply for a SoFi Wedding Loan and enjoy same-day funding* wired directly to your account after your loan docs are signed, sealed, and delivered.
View your rate
Wedding planning tips and financial resources
FAQs
What is a wedding loan?
A wedding loan is a type of personal loan you can use to pay for wedding expenses. So, what’s a personal loan then? A personal loan is just as the name implies—a loan you take out for almost any personal reason at all. You can use a personal loan to pay for a home renovation, consolidate high-interest credit debt, or pay for a vacation or wedding. Offered by many banks, credit unions, and online lenders, personal loans typically range from $5K-$100K and offer fixed rates that allow you to make steady monthly payments over the life of the loan.
Is a wedding loan right for me?
Wedding loans can be a good option for those who have budgeted to pay for their wedding expenses but don’t have the cash on hand to cover immediate deposits or a slew of bills at once. If you have a solid plan for paying back your personal loan and just need some quick cash to bridge the gap, a personal wedding loan may be right for you. Personal wedding loans provide an alternative to high-interest credit cards, and since personal loans are unsecured, you’re not using your home as collateral or putting your equity at risk as you start a new family. Fixed interest rates and steady monthly payments mean there are no surprises—you’ll know exactly how much you owe and when your loan will be paid in full.
What can I use a wedding loan for?
A wedding loan can be used to cover various expenses associated with planning and executing a wedding. This can include costs for the venue, catering, wedding attire, engagement rings, decorations, music, photography, and even the honeymoon. Essentially, a wedding loan provides the funds needed to pay for any aspect of your wedding, allowing you to plan your special day without the immediate financial strain.
What credit score do you need for a wedding loan?
To qualify for a wedding loan, the required credit score can vary. Generally, a higher credit score can increase your chances of approval and may result in better interest rates and loan terms. SoFi typically evaluates your credit score, income, and debt-to-income ratio, among other factors.
How much money can I borrow for my wedding?
The minimum amount you can borrow with a SoFi Wedding Loan is $5,000, and the maximum is $100,000.
Am I a good candidate for a wedding loan?
SoFi aims to revolutionize financial services and make the system more accessible to everyone. Today, we offer significant savings and flexibility to U.S. citizens and permanent residents who reside in the U.S. and are employed or have a sufficient income from other sources with a responsible financial history and a strong monthly cash flow.
Are wedding loans available to cover the cost of a honeymoon?
Yes. SoFi wedding loans can be used for a variety of wedding-related expenses—including your honeymoon. Whether you’re booking flights, accommodations, or a romantic getaway, you’ll have the flexibility to use your funds where they matter most.
Can a wedding loan be used to pay for engagement or wedding rings?
Absolutely. If you’re planning to finance your ring purchase, a SoFi wedding loan can help cover the cost of an engagement ring, wedding bands, or even custom jewelry—without needing to rely on high-interest retail financing.
See all FAQs
Explore personalized wedding loan offers
in seconds.
Your time matters. View wedding loan rates in sixty seconds.
View your rate
(without impacting your credit score)†
† To check the rates and terms you may 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 2023 was around $33K. Information current as of 2/21/24. 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 2023 was around $33K. 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%-7%, 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 on your Personal Loan (your “Loan”), you must set up Direct Deposit with a SoFi Checking and Savings account offered by SoFi Bank, N.A., or enroll in SoFi Plus by paying the SoFi Plus Subscription Fee, all within 30 days of the funding of your Loan. Once eligible, you will receive this discount during periods in which you have enabled Direct Deposit to an eligible Direct Deposit Account in accordance with SoFi’s reasonable procedures and requirements to be determined at SoFi’s sole discretion, or during periods in which SoFi successfully receives payment of the SoFi Plus Subscription Fee. This discount will be lost during periods in which SoFi determines you have turned off Direct Deposit to your Checking and Savings account or in which you have not paid the SoFi Plus Subscription Fee. You are not required to enroll in Direct Deposit or to pay the SoFi Plus Subscription Fee to receive a Loan.
§ Awards or rankings are not indicative of future success or results. Neither SoFi Bank, N.A. nor its employees paid a fee in exchange for ratings. Awards and ratings are independently determined and awarded by their respective publications.
‡ Same-Day Personal Loan Funding: Same Day Funding means that most borrowers receive funds the same day when loan is approved and the loan agreement is signed by 5:30 PM ET on a business day. SoFi does not guarantee this, and delays may occur outside of our control, such as if inaccurate information is submitted, the receiving bank declines the transfer. Your bank may have rules on when the funds become available. Does not include personal loans originated with a SoFi partner bank.
^ Direct Pay: Terms and conditions apply. Offer good for personal loan customers with credit cards and personal loans 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 lenders/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. SoFi reserves the right to change or terminate the Direct Pay Rate Discount Program to unenrolled participants at any time with or without notice. It takes about 3 business days for your creditor/lender to receive payment after your loan is signed. You will be responsible for making all required payments to avoid credit card and other loan fees.
Excellent/4.2/5 star rating based on 10,308 reviews as of December 8, 2025. © 2025 Trustpilot, Inc. All rights reserved.
How long do I need to wait to reapply after my Personal Loan application has been declined?
You will need to wait at least 30 days before re-applying for a Personal Loan with the same borrower(s). You are welcome to retry at any time with a co-borrower, if the previous application was as a single borrower. If you initially applied with a co-borrower, you can retry as a single borrower or with a different co-borrower.
Jun
11
2021
IVF Loans
Finance your fertility treatments
with zero fees required.
Expectations are high. We’ll keep the stress low. Use our low-rate personal loan for treatments such as IVF, FET, and surrogacy-so you can focus on what matters most. Fixed personal loan rates range from 8.74% APR to 35.49% APR (with all discounts)57.
View your rate
Checking your rate will not affect your credit score.✝︎
Why do over 12.6M members love SoFi?
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.
Received a mailer from
us?
>
Enter confirmation #
Why a SoFi personal loan for IVF financing?
-
Absolutely no fees required
Other lenders charge up to a 5% origination fee. With SoFi, there are no origination fees required, no prepayment fees, and no surprises. What you see is what you get.
-
Fixed Pay Schedule
Choosing a fixed rate from 8.74% APR to 35.49% APR (with all discounts)57 makes it easier to pay back IVF expenses with manageable monthly payments.
-
Save Money on Interest
Keep the plastic in your wallet. A SoFi personal loan for fertility treatments could save you thousands compared to high-APR credit cards.
-
Fast funding
Family shouldn’t have to wait. Our average online approval to funding is only 3 days.**
Save thousands with a low-rate
SoFi Personal Loan for IVF.
Did you hear credit card
variable rates are rising in 2023? See how
you can save thousands on interest by
consolidating debt into a low fixed
monthly payment.
Example chart shows calculations based on a 5 year SoFi Personal Loan with a fixed rate of 14.90% 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 2023 – April 1 2024. 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 2024 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, no origination fee option selected and no pre-payment amounts.
Get started in minutes.
Find your rate.
Get pre-qualified online with no obligation.
Select your loan & apply.
Choose the loan that works for you and complete your application.
Receive your funds.
Sign your documents and funds are wired to your account.
View your rate
More articles and resources
Get started 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)†
† To check the rates and terms you may 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 2023 was around $33K. Information current as of 2/21/24. 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 2023 was around $33K. 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%-7%, 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 on your Personal Loan (your “Loan”), you must set up Direct Deposit with a SoFi Checking and Savings account offered by SoFi Bank, N.A., or enroll in SoFi Plus by paying the SoFi Plus Subscription Fee, all within 30 days of the funding of your Loan. Once eligible, you will receive this discount during periods in which you have enabled Direct Deposit to an eligible Direct Deposit Account in accordance with SoFi’s reasonable procedures and requirements to be determined at SoFi’s sole discretion, or during periods in which SoFi successfully receives payment of the SoFi Plus Subscription Fee. This discount will be lost during periods in which SoFi determines you have turned off Direct Deposit to your Checking and Savings account or in which you have not paid the SoFi Plus Subscription Fee. You are not required to enroll in Direct Deposit or to pay the SoFi Plus Subscription Fee to receive a Loan.
§ Awards or rankings are not indicative of future success or results. Neither SoFi Bank, N.A. nor its employees paid a fee in exchange for ratings. Awards and ratings are independently determined and awarded by their respective publications.
‡ Same-Day Personal Loan Funding: Same Day Funding means that most borrowers receive funds the same day when loan is approved and the loan agreement is signed by 5:30 PM ET on a business day. SoFi does not guarantee this, and delays may occur outside of our control, such as if inaccurate information is submitted, the receiving bank declines the transfer. Your bank may have rules on when the funds become available. Does not include personal loans originated with a SoFi partner bank.
^ Direct Pay: Terms and conditions apply. Offer good for personal loan customers with credit cards and personal loans 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 lenders/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. SoFi reserves the right to change or terminate the Direct Pay Rate Discount Program to unenrolled participants at any time with or without notice. It takes about 3 business days for your creditor/lender to receive payment after your loan is signed. You will be responsible for making all required payments to avoid credit card and other loan fees.
Excellent/4.4/5 star rating based on 9,067 reviews as of January 1, 2025. © 2025 Trustpilot, Inc. All rights reserved.
How long do I need to wait to reapply after my Personal Loan application has been declined?
You will need to wait at least 30 days before re-applying for a Personal Loan with the same borrower(s). You are welcome to retry at any time with a co-borrower, if the previous application was as a single borrower. If you initially applied with a co-borrower, you can retry as a single borrower or with a different co-borrower.
https://wordpress.sofi.com/wp/wp-admin/post.php?post=95303&action=edit#
Jun
11
2021
Adoption Loans
Adoption financing
that’s easy to love.
Adoption is life-changing. Financing can make it happen.
A personal loan with low rates and zero fees required lets
you focus on your new lives together. Fixed personal loan rates range from 8.74% APR to 35.49% APR (with all discounts)57.
View your rate
Checking your rate will not affect your credit score.✝︎
Why do over 12.6M members love SoFi?
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.
Received a mailer from
us?
>
Enter confirmation #
Why SoFi for adoption financing?
-
Absolutely no fees required
SoFi has no origination fees required, no prepayment fees and no surprises. What you see is what you get.
-
Fixed Pay Schedule
Choosing a fixed rate from 8.74% APR to 35.49% APR (with all discounts)57 makes it easier to pay back adoption expenses with manageable monthly payments.
-
Save Money on Interest
Keep the plastic in your wallet. A SoFi personal loan for adoption could save you thousands on interest compared to high-APR credit cards.
-
Fast funding
Family shouldn’t have to wait. Our average online approval to funding is only 3 days.**
No fees required.
SoFi has absolutely zero fees required and no last-minute surprises. What you see is what you get.
Save thousands with a low-rate
SoFi Adoption Personal Loan.
Did you hear credit card
variable rates are rising in 2023? See how
you can save thousands on interest by
consolidating debt into a low fixed
monthly payment.
Example chart shows calculations based on a 5 year SoFi Personal Loan with a fixed rate of 14.90% 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 2023 – April 1 2024. 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 2024 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, no origination fee option selected and no pre-payment amounts.
Get started in minutes.
Find your rate.
Get pre-qualified online with no obligation.
Select your loan & apply.
Choose the loan that works for you and complete your application.
Receive your funds.
Sign your documents and funds are wired to your account.
View your rate
More articles and resources
Get started 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)†
† To check the rates and terms you may 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 2023 was around $33K. Information current as of 2/21/24. 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 2023 was around $33K. 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%-7%, 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 on your Personal Loan (your “Loan”), you must set up Direct Deposit with a SoFi Checking and Savings account offered by SoFi Bank, N.A., or enroll in SoFi Plus by paying the SoFi Plus Subscription Fee, all within 30 days of the funding of your Loan. Once eligible, you will receive this discount during periods in which you have enabled Direct Deposit to an eligible Direct Deposit Account in accordance with SoFi’s reasonable procedures and requirements to be determined at SoFi’s sole discretion, or during periods in which SoFi successfully receives payment of the SoFi Plus Subscription Fee. This discount will be lost during periods in which SoFi determines you have turned off Direct Deposit to your Checking and Savings account or in which you have not paid the SoFi Plus Subscription Fee. You are not required to enroll in Direct Deposit or to pay the SoFi Plus Subscription Fee to receive a Loan.
§ Awards or rankings are not indicative of future success or results. Neither SoFi Bank, N.A. nor its employees paid a fee in exchange for ratings. Awards and ratings are independently determined and awarded by their respective publications.
‡ Same-Day Personal Loan Funding: Same Day Funding means that most borrowers receive funds the same day when loan is approved and the loan agreement is signed by 5:30 PM ET on a business day. SoFi does not guarantee this, and delays may occur outside of our control, such as if inaccurate information is submitted, the receiving bank declines the transfer. Your bank may have rules on when the funds become available. Does not include personal loans originated with a SoFi partner bank.
^ Direct Pay: Terms and conditions apply. Offer good for personal loan customers with credit cards and personal loans 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 lenders/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. SoFi reserves the right to change or terminate the Direct Pay Rate Discount Program to unenrolled participants at any time with or without notice. It takes about 3 business days for your creditor/lender to receive payment after your loan is signed. You will be responsible for making all required payments to avoid credit card and other loan fees.
Excellent/4.4/5 star rating based on 9,067 reviews as of January 1, 2025. © 2025 Trustpilot, Inc. All rights reserved.
How long do I need to wait to reapply after my Personal Loan application has been declined?
You will need to wait at least 30 days before re-applying for a Personal Loan with the same borrower(s). You are welcome to retry at any time with a co-borrower, if the previous application was as a single borrower. If you initially applied with a co-borrower, you can retry as a single borrower or with a different co-borrower.
Jun
11
2021
Relay CSM Offers page
Get your FREE credit score and get $10.
Getting your money right starts with your credit score. With Credit Insights by SoFi Relay you can track your score and so much more. Plus, receive $10 (1,000 points) in cash reward points when you sign-up.
Get started – 100% free
No credit card required and it won’t impact your score.*
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
Won’t impact your score.
We only do a “soft” pull on your credit and which won’t affect your score
Get started
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.
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