Oct

2017

Personal Loans – Members (Confirmation)

By Eujin Rhee | Uncategorized | Comments Off

Personal loans,
made more personal.

SoFi members save an average of $147^* with a preferred rate discount of 0.125%.

Checking your rate will not affect your credit score^✝.

Pay off credit cards or invest in a major purchase

Are you paying more than 15% interest on your credit cards? SoFi Personal Loans could help you save thousands. With low personal loan interest rates and a fixed monthly payment, you can get loans to pay off credit cards, pay off high interest debt, or make a major purchase. It only takes minutes to apply.

Why SoFi?

Serious
Savings

Borrow from $5k-$100k at fixed rates that range from 8.74% APR to 35.49% APR (with all discounts)^{5, 7}

No Fees.
No Catch.

No origination fees or pre-payment penalties. What you see is what you get.

Exclusive
Rates

Get a 0.125% rate discount^✝︎✝︎ on an additional SoFi loan—just for being a member.

Find My Rate

Personal Loan Comparison⁶

Here’s how SoFi Personal Loans compare

	SoFi Members	Lending Club	Discover Personal Loan	Credit Cards
APR range	Fixed Rates 8.74% – 35.49% (with AutoPay, plus rate discount)⁵	5.99 – 35.89%	6.99 – 24.99%	12.00 – 22.86%⁶
Fees	No Hidden Fees	1 – 5% Origination Fee	No Fees	3% Balance Transfer Fee
Term	2, 3, 4, 5, 6, or 7 years	3 or 5 years	3, 4, 5, 6, or 7 years	Rolling
Amount	$5,000 – $100,000	$1,000 – $40,000	$2,500 – $35,000	Varies
Unemployment Protection^⁴	Yes	No	No	No

Find My Rate

View Payment Examples

Oct

2017

7 Things To Never Say When Requesting a Raise

By SoFi | Career, Money | 1 Comment

Working for years without a pay increase can become a struggle and cause stress, especially as the cost of living continues to rise. Whether you’ve been making the same salary for 12 months or for more than a decade, having the money conversation with your boss can be awkward. But when increases don’t come when needed, your only recourse is to ask for them.

Before you have the conversation, though, it’s not only important to arm yourself with all of the right things to say, but also to learn what not to say. Here are a few tips on language to avoid when asking for a raise.

Sep

2017

SoFi Refi 0.25% rate discount | SoFi

By Eujin Rhee | student_loan | Comments Off

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REFINANCE STUDENT LOANS

Fixed interest rates start at 3.99%

APR

1
,
2

(with all discounts).

Refinancing your student loans could save you thousands. Just be sure to apply through this page to enjoy the 0.25% rate discount² exclusively available to you as a SoFi partner.

View your rate

✓ Checking your rate will not affect your credit score.^†

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Why choose SoFi?

Since 2011, we’ve helped over 515,000 members refinance their student loan debt. Here’s just a bit of what they enjoy:

Serious savings.
Zero fees required.

You could save thousands with a lower interest rate and no fees required.
Easy online process

Your time matters. View your
rate in two minutes.
Member benefits

Access SoFi Travel benefits³, our debt summary tool, rewards points to pay toward loans⁴, and more.

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Real stories from real grads.

550,000+
SoFi members have refinanced their student loans

$47 billion+
In student loans refinanced

4.3/5 stars
On Trustpilot

4.3/5 star rating based on 9,668 reviews as of July 7, 2025. See trustpilot.com/review/sofi.com for more info.

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How refinancing student loans works at SoFi.

First, we’ll see if you qualify.

You can see some basic eligibility criteria for different loan types. Plus, we’ll consider other factors like your financial history, credit score, and monthly income versus expenses.

Then, you pick a loan with a competitive interest rate.

If you’re approved, you can select from flexible terms that could lower your interest or monthly payments. All with no fees required.

Don’t forget to get a discount.

For example, you could get a 0.25% interest rate discount by enrolling in autopay.¹

View your rate

Checking your rate will not affect your credit score.^†

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FAQs

Who should refinance their student loans?

Student loan refinancing is a great solution for working graduates who have high-interest, unsubsidized Direct Loans, Graduate PLUS loans, and/or private student loans. Federal student loans do carry some special benefits, for example, public service loan forgiveness and economic hardship programs, that may not be accessible to you after you refinance. Check out this blog post that provides more information: When to Consolidate Federal and Private Loans by Refinancing. Or, call us at 855-456-SOFI (7634) for a free consultation about your particular situation.

Is it worth it to refinance student loan?

The answer to this question depends on your specific financial situation. However, student loan refinancing may be a good option if you can qualify for a lower interest rate and/or a shorter repayment period. By reducing your rate and getting a lower monthly payment term, you’ll owe less interest over the life of the loan and save money in the long run.

Can I refinance both federal and private student loans?

Yes, SoFi will consolidate all qualified education loans.

Am I a good candidate to refinance my student loans with SoFi?

SoFi aims to revolutionize financial services—ultimately improving the system for everyone. Today, we’re able to offer significant savings and flexibility to US citizens or permanent residents who have graduated from a selection of Title IV accredited university or graduate programs, are employed, have a sufficient income from other sources, or hold a job offer with a start date within 90 days, have a responsible financial history, and a strong monthly cash flow.

What is the difference between consolidating and refinancing student loans?

Student loan consolidation is when you combine multiple loans into one single loan. Student loan refinancing, on the other hand, is when you get a new loan at a new interest rate and/or a new term. You can refinance both federal and private loans. Learn more here.

What’s the difference between fixed and variable rate loans?

Fixed rate loans are loans that have an interest rate that does not change over the life of a loan, which means you pay the same amount each month. It also means you know with certainty the total interest that you’ll pay over the life of the loan. Fixed rate is a general term that can apply to different types of loans with a variety of uses, including student loans, mortgages, auto loans, and unsecured personal loans.

Variable rate loans are loans that have an interest rate that will fluctuate over time in line with prevailing interest rates. Sometimes they are also known as floating-rate loans.

Find more info on Fixed vs. Variable Rate Loans.

Where can I find more information about student loans in general?

Deciding how to best handle your student loan refinancing can be an intimidating process. That’s why we’ve put together our Student Loan Help Center to give you guidance on existing student loan payments, refinancing, budgeting, and common terminology so you can feel more confident in your journey to becoming debt free.

How will applying impact my credit score?

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 consumer reporting agencies, which is considered a hard credit pull. Learn more here.

What are the differences in refinancing federal vs. private loans?

When you refinance your federal student loans, you’ll have a new private loan, and private loans are not eligible for federal programs and benefits, but it could be a good option if your goal is to lower your monthly payments or get a lower rate. Once federal loans are refinanced into private loans, they can’t be converted back, so it’s important you consider all your options. Learn more here.

What’s the difference between an APR and an interest rate?

Your interest rate includes the interest percentage you will be charged for taking a loan out, accrued on a daily basis, and does not include any other fees. An APR is the sum of the interest rate plus extra fees and expressed as a percentage.

See all FAQs

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Tips and resources for
student loan refinancing.

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Get help from a human.

Ask questions and get help every step of the way from our live customer support team.

Operating hours:

Monday–Thursday 5am–7pm PT

Friday–Sunday 5am–5pm PT

Jul

2017

American Credit Scores Have Hit Record Highs—Here’s How to Boost Yours

By SoFi | Money, personal_loan | No Comments

Good news, America. After nearly a decade, credit scores have hit record highs, according to new data from Fair, Isaac, as reported in the Wall Street Journal (paywall). The average score in the U.S. hit 700 this past April, and haven’t been at that level since 2005.

Jul

2017

Why Salary Isn’t the Only Important Part of a Compensation Package

By SoFi | Career | No Comments

You filled out a job application, went through a few rounds of interviews, and you’re this close to securing the new job. But there’s just one hurdle left—the dreaded salary conversation.

I get it: Talking about money is uncomfortable. You might be worried they’ll pass if you go too high, or you’ll regret it if you go too low. But how do you know when you’ve hit that sweet spot and are asking for just the right amount?

SoFi Blog

Tips and news—
for your financial moves.

Personal Loans – Members (Confirmation)

Personal loans,
made more personal.

SoFi members save an average of $147^* with a preferred rate discount of 0.125%.

Pay off credit cards or invest in a major purchase