Mar

2025

Is 725 a Good Credit Score?

By Dana Paltao | 1_Web_PL | Comments Off

Is 725 a Good Credit Score?

What Does a 725 Credit Score Mean?

Your credit score is a three-digit number that represents your creditworthiness. A 725 credit score shows lenders that you’re a responsible borrower.

There are two main credit scoring models: FICO® and VantageScore®. FICO, which is used in most lending decisions, calculates your credit score based on several factors, including:

• Your history of on-time payments

• The amount you owe

• The length of your credit history

• The diversity of your credit mix

• How many new credit accounts you’ve opened in a short amount of time

Here’s a look at how FICO Scores are categorized:

• Poor: 300-579

• Fair: 580-669

• Good: 670-739

• Very Good: 740-799

• Excellent: 800-850

As the list above shows, a 725 credit score is on the higher end of the “good” range. It can indicate to lenders that you pay back your debts on time, don’t borrow more than you need to, and have managed a wide range of debt responsibly.

What’s more, a 725 credit score puts you in good standing: According to Experian®, 45% of Americans have a credit score below 725, and the average credit score in the U.S. is 715.

What Can You Get with a 725 Credit Score?

A 725 credit score makes you eligible for credit cards and a wide range of loans, including mortgages, personal loans, and auto loans. Let’s take a closer look at each of these.

Can I Get a Credit Card with a 725 Credit Score?

With a 725 credit score, you should have no problem qualifying for a credit card. While there’s no universal minimum credit score requirement for a credit card, creditors typically want to see at least a fair credit score (580 to 669) before approving you for an unsecured credit card.

Since you have good credit, you can likely qualify for some of the best rewards credit cards, including travel credit cards and cash-back credit cards.

Can I Get an Auto Loan with a 725 Credit Score?

A 725 FICO Score is a good indicator that you’ll get approved for an auto loan — and at a competitive interest rate. But there’s a catch: Most auto lenders don’t use your traditional credit score when making financing decisions. Instead, they use something called the FICO Auto Score, which can range from 250 to 900. There’s a strong correlation between a good credit score (like 725) and a good FICO Auto Score.

While people with poor credit scores can get an auto loan, borrowers with stronger scores tend to get the best deals. With a credit score of 725, you should expect competitive interest rates and low fees. Keep in mind, however, that lenders also consider factors like how much you’re borrowing, the loan term length you choose, the type of car you’re buying, and current economic conditions.

Can I Get a Mortgage with a 725 Credit Score?

A 725 credit score can set you up for success when you need a mortgage. The typical credit score needed to buy a house is 620, but you may be able to qualify for an FHA loan with a score as low as 500 if you make a down payment of 10%.

But it’s more than a matter of simply getting approved for a mortgage. With a credit score that’s more than 100 points above the typical minimum, you can likely expect more competitive mortgage rates, which can save you money over time.

Can I Get a Personal Loan with a 725 Credit Score?

You should have no problem qualifying for personal loans with a credit score of 725.

Though each lender will have its own credit score requirements for personal loans — and lenders take other factors into consideration, such as your debt-to-income ratio and employment — a 725 score should be more than enough with most major lenders.

With a good credit score of 725, you may be eligible to borrow more money with a personal loan than someone who barely meets a lender’s minimum requirements. You’re also more likely to be offered a lower interest rate on the loan and may be able to find a personal loan with no origination fees.

The Takeaway

A 725 is a good credit score and can help you get approved for the kinds of loans and credit cards you want. Still, there’s still room for improvement. Credit scores can go as high as 850, and a stronger score will help ensure you get the best rates on credit cards and loans.

Think twice before turning to high-interest credit cards. Consider a SoFi personal loan instead. SoFi offers competitive fixed rates and same-day funding. See your rate in minutes.

SoFi’s Personal Loan was named NerdWallet’s 2024 winner for Best Personal Loan overall.

View your rate

FAQs

What can you do with a credit score of 725?

A 725 credit score makes you an attractive borrower. You’ll likely have no problem qualifying for a wide array of credit cards, personal loans, mortgages, or auto loans. A 725 credit score also looks good on a background check, which can improve your chances of having a home or apartment lease, insurance application or employment application approved.

Can I buy a house with a 725 credit score?

Yes, you can buy a house with a 725 credit score. In general, you need a score in the 600s, but the type of mortgage can impact credit score requirements. VA loans, for instance, typically require a credit score of 620. FHA loans need a score of 580, but you may be able to qualify with a lower credit score if you put at least 10% down.

How can I improve my 725 credit score?

A 725 credit score is good, but with a little effort, you can boost your score to FICO’s “very good” (740 to 799) or “exceptional” (800+) level. Here are some tips for doing so:

• Prioritize on-time payments on all credit cards and loan repayments. Your internet, phone, and utility bills may also be reported to credit bureaus, so stay on top of those payments as well.

• Reduce how much you spend on credit cards, and prioritize paying off the balance in full each month to keep your credit utilization low.

• Review your credit reports and keep an eye out for any errors. If you notice mistakes, dispute them to have them removed.

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

¹FHA loans are subject to unique terms and conditions established by FHA and SoFi. Ask your SoFi loan officer for details about eligibility, documentation, and other requirements. FHA loans require an Upfront Mortgage Insurance Premium (UFMIP), which may be financed or paid at closing, in addition to monthly Mortgage Insurance Premiums (MIP). Maximum loan amounts vary by county. The minimum FHA mortgage down payment is 3.5% for those who qualify financially for a primary purchase. SoFi is not affiliated with any government agency.

Disclaimer: Many factors affect your credit scores and the interest rates you may receive. SoFi is not a Credit Repair Organization as defined under federal or state law, including the Credit Repair Organizations Act. SoFi does not provide “credit repair” services or advice or assistance regarding “rebuilding” or “improving” your credit record, credit history, or credit rating. For details, see the FTC’s website .

Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

SOPL-Q125-017

Mar

26

2025

They Shoot You Score Reg

By Nicholas Wong | 1_Web_Banking | Comments Off

{/* They Shoot You Score Branded Reg*/}
{/* https://www.sofi.com/apply/score/*/}

{/*Mobile version*/}

Sign up here for SoFi Plus—
SoFi’s new premium membership.
Tune in to the SoFi NBA Play-In Tournament. Score $10 in rewards points for every bank shot made. Terms and conditions apply.^*
Kick back and watch the banks rain in! Hustle—only the first 5,000 fans are eligible. Sign up by 4/30/25.

{/*Desktop version*/}

Sign up here for SoFi Plus— SoFi’s new premium membership.
Tune in to the SoFi NBA Play-In Tournament. Score $10 in rewards points for every bank shot made. Terms and conditions apply.^*
Kick back and watch the banks rain in! Hustle—only the first 5,000 fans are eligible. Sign up by 4/30/25.

Mar

26

2025

Is 672 a Good Credit Score?

By Dana Paltao | 1_Web_PL | Comments Off

Is 672 a Good Credit Score?

What Does a 672 Credit Score Mean?

A credit score is a three-digit number that reflects your creditworthiness, or how likely you are to pay back the money you borrowed. It’s just one factor that lenders consider when making decisions. Your debt-to-income ratio (DTI), savings and assets, and income also have an impact on whether you get approved for credit.

Your credit score is from 300 to 850. Typically, the higher your score, the better your chances of securing credit with lower interest rates. There are two main credit scoring models: FICO® and VantageScore®. FICO, which is used by most lenders, categorizes credit scores as follows:

• Poor: 300-579

• Fair: 580-669

• Good: 670-739

• Very Good: 740-799

• Excellent: 800-850

As you can see, a 672 credit score is considered “good,” and you’ll likely be seen as lower risk by lenders. That said, what you can obtain with that score depends on the lender or creditor, as each has its own qualifications and lending criteria.

What Else Can You Get with a 672 Credit Score?

As we discussed, a 672 credit score is good, and with it, you should be able to qualify for various credit cards, loans, and other types of financing. But you might not get the best interest rates and terms — those are usually offered to borrowers with “very good” or “excellent” credit scores.

If you’re able to wait a little bit before borrowing — and focus on building a strong credit score — you may be able to land better terms and rates. Some effective strategies include staying on top of monthly debt payments, paying down debts, and applying for credit only when necessary.

Can I Get a Credit Card with a 672 Credit Score?

There’s no minimum credit score required for a credit card. But provided your overall financial profile is satisfactory, you’ll likely get approved for an array of cards with a 672 score. Note that you might not get offered cards with the most robust perks, like cash back and travel rewards. To increase your odds of getting approved for a broader selection of credit cards at more favorable terms, focus on building up your score.

Can I Get an Auto Loan with a 672 Credit Score?

Like credit cards, there’s no magic credit score required when applying for a car loan. But in general, the higher your score, the more likely you are to receive a lower rate.

Consider 2024 data from Experian®, which found that borrowers with a 672 credit score receive an average APR of 6.87% for a new car and 9.36% for a used car. By comparison, borrowers with a credit score of 781 or higher are looking at an average interest rate of 5.25% for a new car loan and 7.13% for a used car.

Of course, interest rates are only one factor to consider when budgeting for a car. You’ll also want to think about the purchase price, fuel and maintenance costs, and financing charges.

Can I Get a Mortgage with a 672 Credit Score?

Yes, getting a mortgage with a 672 credit score is possible, though you’ll need to check the lender’s criteria. Here are the minimum credit score requirements for different types of home loans:

•
Conventional home loans and VA loans: Conventional loans typically require a 620 minimum credit score for fixed-rate mortgages, and 640 for adjustable-rate mortgages. A 706 credit score can give borrowers better interest rates and terms.

• FHA loans: If you’re interested in a loan backed by the Federal Housing Administration (FHA), you’ll need a minimum credit score of 580 with a 3.5% down payment, though you might qualify with a score as low as 500 with a 10% down payment.

• USDA loans: Loans backed by the USDA typically require a minimum credit score of 640. A full credit review is usually performed if your score falls below that.

Can I Get a Personal Loan with a 672 Credit Score?

A 672 credit score puts you in the good graces of personal loan lenders, and you can likely get approved for financing. Other criteria, like your debt-to-income ratio, employment, and income, will also play an important role in their decision.

With a personal loan, you can use its proceeds for anything from funding a wedding or dream vacation to sprucing up your home. It can also be a good option to consolidate your existing high-interest credit card debt. In fact, a credit card debt consolidation loan is within reach with a 672 score. With this type of loan, you may be able to save on interest, lower your monthly payments, or both. Just be sure the payments work for your budget and that you can stay on top of your payment plan.

The Takeaway

If you’re wondering if a 672 credit score is good or bad, you can rest assured that it’s in good territory. You’ll probably get the green light for many types of financing but may not qualify for the best terms and rates. To build your credit score, consider strategies like paying bills on time, paying down balances, and avoiding applying for multiple credit cards or loans in a short timeframe.

Think twice before turning to high-interest credit cards. Consider a SoFi personal loan instead. SoFi offers competitive fixed rates and same-day funding. See your rate in minutes.

SoFi’s Personal Loan was named NerdWallet’s 2024 winner for Best Personal Loan overall.

View your rate

¹FHA loans are subject to unique terms and conditions established by FHA and SoFi. Ask your SoFi loan officer for details about eligibility, documentation, and other requirements. FHA loans require an Upfront Mortgage Insurance Premium (UFMIP), which may be financed or paid at closing, in addition to monthly Mortgage Insurance Premiums (MIP). Maximum loan amounts vary by county. The minimum FHA mortgage down payment is 3.5% for those who qualify financially for a primary purchase. SoFi is not affiliated with any government agency.

†Veterans, Service members, and members of the National Guard or Reserve may be eligible for a loan guaranteed by the U.S. Department of Veterans Affairs. VA loans are subject to unique terms and conditions established by VA and SoFi. Ask your SoFi loan officer for details about eligibility, documentation, and other requirements. VA loans typically require a one-time funding fee except as may be exempted by VA guidelines. The fee may be financed or paid at closing. The amount of the fee depends on the type of loan, the total amount of the loan, and, depending on loan type, prior use of VA eligibility and down payment amount. The VA funding fee is typically non-refundable. SoFi is not affiliated with any government agency.

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

Disclaimer: Many factors affect your credit scores and the interest rates you may receive. SoFi is not a Credit Repair Organization as defined under federal or state law, including the Credit Repair Organizations Act. SoFi does not provide “credit repair” services or advice or assistance regarding “rebuilding” or “improving” your credit record, credit history, or credit rating. For details, see the FTC’s website .

Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

SOPL-Q125-013

Mar

26

2025

Personal Loans – 50bps discount

By Erik Carlson | Uncategorized | Comments Off

Personal Loans

Low rates.
No fees
required.
Personal loans
made
easy online.

View your rate

Checking your rate will not affect your credit score.

Get funds as soon as the same day you sign.^‡ And get our
exclusive rate discount¹ for a limited time—ends March 31.

View your rate

Checking your rate will not affect your credit score.

Best Personal Loan Overall

According to the Nerdwallet Best-Of Awards 2024.^§
Low monthly payments

Save big by consolidating high-rate debt to one fixed payment.
Get $5K to $100K

Get funds as soon as the same day you sign^‡ or we can pay your credit card or personal loan lenders directly.
See rates in 60 seconds

No impact to your credit score.^† No commitment.

We’ve helped members pay off over $33B in debt with a SoFi Personal Loan.

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.

We’ve helped members like these pay off over $33B in debt with a SoFi Personal Loan.

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 #

Personalized loan options for what you
need—and when you need them.

Combine your debt into one payment and you could reduce your monthly payments. Learn more.

}
heading=”Credit Card Consolidation”
topLeftImg={{
alt: ‘Credit Card Visual Effect’,
src: ‘https://d32ijn7u0aqfv4.cloudfront.net/wp/wp-content/uploads/raw/elipse-dot-pattern_desktop%402x.webp’,
srcSet: ‘https://d32ijn7u0aqfv4.cloudfront.net/wp/wp-content/uploads/raw/elipse-dot-pattern_mobile%402x.webp 104w, https://d32ijn7u0aqfv4.cloudfront.net/wp/wp-content/uploads/raw/elipse-dot-pattern_desktop%402x.webp 274w’
}}
topRightPillClassName=””
topRightPillText=”1 / 5″
/>

Pay for home repairs or renovations without using your home as collateral. Learn more.

}
heading=”Home Improvements”
topLeftImg={{
alt: ”,
src: ”,
srcSet: ”
}}
topRightPillClassName=””
topRightPillText=”2 / 5″
/>

Cover pregnancy, adoption, IVF or surrogacy costs with manageable monthly payments. Learn more.

}
heading=”IVF Loans”
topLeftImg={{
alt: ”,
src: ”,
srcSet: ”
}}
topRightPillClassName=””
topRightPillText=”3 / 5″
/>

With low fixed rates, steady monthly payments, and no fees required, our personal loan travels well. Learn more.

}
heading=”Travel and Vacation”
topLeftImg={{
alt: ‘Car Visual Effect’,
src: ‘https://d32ijn7u0aqfv4.cloudfront.net/wp/wp-content/uploads/raw/ring-circle_desktop%402x.webp’,
srcSet: ‘https://d32ijn7u0aqfv4.cloudfront.net/wp/wp-content/uploads/raw/ring-circle_mobile%402x.webp 127w, https://d32ijn7u0aqfv4.cloudfront.net/wp/wp-content/uploads/raw/ring-circle_desktop%402x.webp 254w’
}}
topRightPillClassName=”border-color-white”
topRightPillText=”4 / 5″
/>

From engagement ring to honeymoon—you could save money compared to a high-rate credit card. Learn more.

}
heading=”Weddings”
topLeftImg={{
alt: ”,
src: ”,
srcSet: ”
}}
topRightPillClassName=””
topRightPillText=”5 / 5″
/>

Why apply for a SoFi Personal Loan?

Low rates

Low fixed rates that won’t change over time, protecting you from rising interest rates.
No fees required

That means no origination fees required, no prepayment penalty fees and no late fees whatsoever.
Same-day funding^‡

Your funds could be available as quickly as the same day your loan is approved.

Expand to see how the features of a SoFi Personal Loan makes it stand out from the rest.

} />}
expand={} />}
/>

✓‘,
‘✓‘,
‘✓‘,
]}
competitorCards={[
[
‘Discover’,
”,
”,
”,
],
[
‘Best Egg’,
”,
”,
”,
],
[
‘Upstart’,
”,
”,
”,
],
[
‘LendingClub’,
”,
”,
”,
],
]}
/>

How do personal loans work? A personal loan is a borrowed sum of money that is paid back with interest in installments. With SoFi Personal Loans, you can borrow between $5,000 and $100,000 for various expenditures that include home improvements, credit card consolidation, medical bills, 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 amount funded as soon as the same day you’re approved.^‡

Learn more

{/* Horizon */}

Save thousands with a low, fixed-rate personal loan.

With credit card rates on the rise, see how you could save thousands on interest by consolidating
existing debt into a low fixed monthly payment.

View your rate

Checking won’t affect your credit score..

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 a more precise estimate of how a SoFi Personal Loan could save you money.
Personal Loan Calculator

}
headingText=”Run the numbers with our personal loan calculator.”
imgAlt=”Personal loans calculator illustration”
imgSrc=”https://d32ijn7u0aqfv4.cloudfront.net/wp/wp-content/uploads/raw/pl-calculator.webp”
/>

Easily apply for a personal loan online in 3 steps.

Prequalify

Find the rate that you qualify for in 60 seconds with no commitment.
Choose your loan terms

Choose from 2-7 year terms and finish your application online.
Receive your funds

Sign your documents and funds will be wired to your account—as quickly as the same day.‡

View your rate

Checking your rate will not affect your credit score.

Resources on personal loans.

We have 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 personal loan 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 funding is used to pay off the cards’ outstanding balances. Ideally, the new debt consolidation loans 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, loan term, 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, unsecured personal loans do 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. Lower credit scores could affect your eligibility, terms or rate for a SoFi Personal Loan.

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?

SoFi Personal Loans are unsecured loans. This means that you do not need to provide collateral for the loan.

How much money can I get a personal loan for?

The answer depends on a wide range of factors, which mainly includes the type of lender and your
credit score. A SoFi Personal Loan allows applicants to borrow between $5,000 and $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 credit bureaus, which is considered a hard credit pull.

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.

See all FAQs

View rate in 60 seconds.

Your time matters—so we made it fast to get started.

View your rate

BTW it’s a soft inquiry, so it won’t affect 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 12/14/25 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 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.

§ 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: 83% of typical SoFi personal loan applications, excluding Direct Pay personal loans and personal loan refinance, from January 1, 2023–January 1, 2024 that were signed before 6pm ET on a business day were funded the same day.

^ Direct Pay: 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. Cannot be combined with other rate discounts with the exception of the 0.25% autopay rate discount, 0.25% direct deposit discount. 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.

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.

Returning Borrower Pricing: Former SoFi Personal Loan customers who have paid their previous personal loan in full may be eligible for Returning Borrower special pricing on another personal loan if they meet the eligibility criteria and any other applicable terms and conditions. The pricing special does not apply to new Personal Loan customers or existing Personal Loan customers who are currently in repayment. To receive this offer you must (1) apply for a new personal loan and submit your application; (2) complete a loan application with SoFi within 90 days of your application submit date; (3) and meet SoFi’s underwriting criteria. A 0.50% interest rate reduction will automatically be reflected in the rate offered at time of application. SoFi reserves the right to discontinue or modify the Returning Borrower Rate Discount at any time and without notice. Such changes or modifications will only apply to applications begun after the effective date of the change.

Mar

26

2025

SoFi Named Presenting Partner of the Country Music Association’s CMA Fest

By Hanin Sukayri | | Comments Off

Multi-year partnership offers SoFi Plus members exclusive access and premium benefits enhancing the fan experience

SoFi Technologies, Inc. (NASDAQ: SOFI), has announced a multi-year partnership as the official bank and first presenting sponsor of the Country Music Association’s CMA Fest, the world’s largest and longest-running country music festival. This marks SoFi’s first music partnership, embracing the genre’s surging popularity.

CMA Fest presented by SoFi will celebrate its 52nd year in Nashville, Tennessee from June 5-8, 2025. This year, SoFi is enhancing the fan experience for SoFi Plus members. They’ll enjoy exclusive perks, including access to a members-only lounge, presale ticket access to single-night CMA Fest tickets, the VIP Riverfront Retreat experience, and early access to presale tickets for CMA Fest 2026. SoFi debit and credit cardholders can also enjoy 25% cash back rewards on eligible food, drinks, and official merchandise up to $200.

“We’re thrilled to partner with CMA and bring to life SoFi’s mission of helping people achieve financial independence to realize their ambitions. CMA has a rich legacy of bringing artists and fans together and championing the next generation of country music, making it an incredible platform to introduce more people to SoFi as the next generation of banking and financial services,” said Lauren Stafford Webb, CMO at SoFi. “Our partnership will create an unforgettable experience for new and existing SoFi members both live and over broadcast, as we celebrate and reward fans nationwide. Together, we hope to create something that inspires, connects, and encourages people to achieve their ambitions.”

“SoFi’s commitment to empowering its members at every stage of life aligns naturally with CMA’s mission to support and elevate the Country Music community. As we welcome SoFi to CMA Fest in this new capacity, we look forward to working together to enhance the fan experience while celebrating the connections that make Country Music so special,” said Sarah Trahern, CEO at the Country Music Association. “Country Music has a unique way of bringing people together across generations, and CMA Fest is a testament to that tradition. Just as CMA is dedicated to serving our members, SoFi’s presence at the festival reflects their commitment to those they support, making this an organic and exciting collaboration.”

In 2024, the festival welcomed an estimated 90,000 daily attendees from all 50 states and nearly 50 countries. As part of the multi-channel integration, SoFi will be the presenting broadcast and streaming partner for the “CMA Fest” broadcast special, featuring highlights from the biggest acts in Country Music captured at the festival’s Nissan Stadium main stage. The special is scheduled to air on ABC this summer, with streaming available the next day on Hulu; broadcast details will be announced in the coming weeks.

“Music and storytelling are timeless forces that bring people together, and CMA Fest captures that magic. SoFi’s involvement will further elevate the festival experience, building on today’s vibrant community inspired by live performance,” said John Campbell, SVP, Entertainment and Streaming Solutions, Disney Advertising. “As the leader in live and home to the festival for 20 years, this collaboration will further unite generations of music fans through a special shared celebration in anticipation of Country music’s biggest night.”

CMA Fest joins SoFi’s roster of iconic entertainment partnerships as the official bank of the NBA, the official naming rights sponsor of SoFi Stadium, the home of the Los Angeles Rams and Chargers, and recently named the presenting partner of TGL, the new tech-forward, primetime, team golf league developed by Tiger Woods and Rory McIlroy’s TMRW Sports.

Become a SoFi Plus member and stay up-to-date on all festival perks here. For the official lineup and to purchase CMA Fest tickets, visit CMAfest.com.

About SoFi
SoFi (NASDAQ: SOFI) is a member-centric, one-stop shop for digital financial services on a mission to help people achieve financial independence to realize their ambitions. The company’s full suite of financial products and services helps 10 million SoFi members borrow, save, spend, invest, and protect their money better by giving them fast access to the tools they need to get their money right, all in one app. SoFi also equips members with the resources they need to get ahead – like credentialed financial planners, exclusive experiences and events, and a thriving community – on their path to financial independence.

SoFi innovates across three business segments: Lending, Financial Services – which includes SoFi Checking and Savings, SoFi Invest, SoFi Credit Card, SoFi Protect, and SoFi Insights – and Technology Platform, which offers the only end-to-end vertically integrated financial technology stack. SoFi Bank, N.A., an affiliate of SoFi, is a nationally chartered bank, regulated by the OCC and FDIC and SoFi is a bank holding company regulated by the Federal Reserve. The company is also the naming rights partner of SoFi Stadium, home of the Los Angeles Chargers and the Los Angeles Rams. For more information, visit SoFi.com or download our iOS and Android apps.

Disclosures

CMA Fest Riverside Retreat: The CMA Fest is provided by Country Music Association, Inc. and not by SoFi or any of its affiliates. Availability, terms, and conditions are subject to change at the discretion of the benefit provider. Please review the provider’s terms of service at https://www.cmaworld.com/terms/. A limited number of pre-sale tickets are available to SoFi Plus members on a first-come, first-served basis, and may not be accessible to all members. To purchase tickets, use the Riverside Retreat code provided to you via email. The code is intended only for SoFi Plus members, and only you may use the code. Taxes and fees apply and are processed through the third-party ticket seller, Ticketmaster, see their terms of use here.

CMA Fest Single-Night Tickets: The CMA Fest is provided by Country Music Association, Inc. and not by SoFi or any of its affiliates. Availability, terms, and conditions are subject to change at the discretion of the benefit provider. Please review the provider’s terms of service at https://www.cmaworld.com/terms/. A limited number of pre-sale tickets are available to SoFi Plus members on a first-come, first-served basis, and may not be accessible to all members. To purchase tickets, use the Single Night code provided to you via email. The code is intended only for SoFi Plus members, and only you may use the code. Taxes and fees apply and are processed through the third-party seller, Ticketmaster, see their terms of use here.

SoFi Plus: SoFi Plus is a premium membership that gives members access to our best APY, discounts, rewards, and more when they set up Eligible Direct Deposit or pay the SoFi Plus Subscription Fee. Benefits are subject to change and may not be available to everyone. All terms and conditions <https://www.sofi.com/terms-of-use/#sofi-plus> applicable to the use of SoFi Plus apply. To learn more about SoFi Plus and available benefits and terms, please see the SoFi Plus<https://www.sofi.com/sofi-plus/> page.

Member in-person experiences: Unless otherwise specified, you must be a SoFi Plus member or guest of a SoFi Plus member to attend a SoFi Member In-Person Experience (a “Member Experience”). By signing up for a Member Experience, you acknowledge that SoFi may record or photograph the Member Experience (including you, your likeness and voice) and may use such recordings or photographs publicly or privately in any form of media, including for commercial purposes. By attending a Member Experience, you consent to the recording and photographing of such Member Experience and grant SoFi an unrestricted, perpetual, non-excluding, and sublicensable license, to take, use, display, perform, distribute or exploit for any lawful and commercial purpose any recordings or photographs. By attending a Member Experience, you also agree that you will make no monetary or other claim against SoFi for the use of the recordings or photographs. If you do not agree, please do not claim a ticket and do not attend the event. We believe our community should be truly open for everyone. As such, we are committing to providing a friendly, safe, and welcoming environment for all regardless of gender, sexual orientation, disability, race, ethnicity, national origin, age, or religion. View the SoFi Experiences Code of Conduct.

SoFi Blog

Tips and news—for your financial moves.