Feb

2017

Personal Loans – Members

By Eujin Rhee | Uncategorized | Comments Off

Personal Loans

Personal loans, made more personal.

SoFi members save an average of $147^*.

Fixed Personal Loan Rates range from 8.74% APR
to 35.49% APR (with AutoPay, plus rate discount)⁵.

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

Pay off credit cards or invest in a major purchase

Are you paying more than 16% 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 Choose A Sofi Personal Loan?

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.

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

Jan

2017

Trading Up for a New Job in 2017: Here’s Your 6-Step Game Plan

By SoFi General | Career | 4 Comments

Is 2017 the year you score a new and exciting job? If so, you’ll need a plan. Whether you want to move up within your current organization or land a bigger, better position elsewhere, here are six steps to help you think through your game plan.

Jan

2017

How One Attorney Paid Off Six-Figure law school student loan debt

Five Years to Becoming a Debt-Free JD: How One Attorney Paid Off Six-Figure Law School Debt

By SoFi General | Career, Money, student_loan | No Comments

Law careers are traditionally viewed as lucrative and enviable. Yet, many attorneys are saddled with mortgage-sized law school debt after graduation.

About five years ago, Harvard Law School left one law school grad and blogger, DebtFreeJD, with nearly $150,000 in student loan debt. After a few years of payments, she’d made a $25,000 dent in that total. Then, she and her husband made an ambitious vow to tackle her remaining law school debt in one year and two months—about the same amount of time it took to build the Empire State Building. Today, thanks to diligence and a refinance, she has earned her DebtFreeJD moniker.

Jan

2017

How to make your home renovation work within budget

How to Refine Remodeling Plans to Fit Your Budget

By SoFi General | Lifestyle, Money, personal_loan | 1 Comment

Editor’s Note: The following article on home renovation and budgeting originally appeared on our web partner Houzz’s website. It is the second part to Houzz’s Dream to Done series – home renovation advice on a budget. Some of the content has been slightly edited from its original version.

Matching your renovation dreams and dollars can sometimes feel like a challenge. But there’s a lot you can do to get the look you want at the right price. In the first story in this series, we laid out the steps in choosing the pros you will work with and setting an initial budget.

Jan

2017

Top 5 Tips for Refinancing Student Loans in 2019

By SoFi General | student_loan | Comments Off

Top 5 Tips for Refinancing
Student Loans in 2019

It’s a new year—and the perfect time to take a fresh look at your student loans. With recent changes in the financial landscape, now is a great time to consider a change if you are one of the 40MM+ individuals with student debt. Refinancing and consolidating student loans can be a financial game changer: You can pay your debt in a single monthly payment and potentially lower your rates—meaning less interest and more peace of mind.

Here are our top five tips to help you navigate and understand student loan refinancing.

Know Your Loans

Make sure to take inventory of the current loans you have. Which lenders are they with? Are they private or federal loans? What’s the balance owed and the interest rate for each loan? It’s important to know where you are today to better evaluate your best options for student loan refinancing. For example, the Federal Direct Loan consolidation program won’t let you combine your private and federal student loans to a single payment or interest rate. You should also understand what deferment and forgiveness benefits are, and if they’re applicable to your loan and circumstances. Check out these helpful tips on consolidating federal and private student loans.

Do the Math

In order to better understand how much you’ll benefit from refinancing, it’s best to know your numbers: Specifically, the overall balance owed and average interest rates across both your federal and private loans. Once you have that info, you can use an online Student Loan Calculator to see how refinancing will impact your current situation and the monthly and lifetime savings you can expect (if applicable).

Understand Fixed vs. Variable Rates

This is important, as most lenders will offer both fixed and variable interest rate options when refinancing student loans. Which one should you choose?It depends: Do you want your rate to stay constant long-term or start out low and adjust incrementally? Head over to our fixed vs. variable rates page for a helpful overview of fixed and variable rates to see what best suits your needs.

Choose a Lender

When it comes to choosing a lender for student loan refinancing, you’ve got options. There are many helpful articles and online resources to find the right lender for you, but ultimately you’ll want to find a refinancing partner that offers a competitive rate. Additional benefits can also be helpful—like payment deferral (in case of job loss), career coaching, or discounts on other financial products that can save you money. Here are a few sites that may be helpful in finding the best match for your student loan refinancing: Student Loan Hero, Magnify Money, and
Lendedu
.

Lock In Your Rate

The sooner you refinance your student loans, the quicker you can start meeting your financial goals with a simpler monthly bill or a lower interest rate. So don’t wait—make 2019 the year for action. Check your rate in 2 minutes.

Student Loan Calculator

Learn how you could lower your monthly payments and save on total interest when you refinance student loans with SoFi.

Calculate Savings

The SoFi Guide to Student Loan Refinancing

Want to save money on your student loan debt? Looking to lower your interest rates? Our guide has the answers you’re looking for. More

Student Loan Consolidation: When to Combine Federal and Private Loans Through Refinancing

One of the biggest student loan myths out there is that borrowers can’t consolidate federal and private student loans…
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Student Loan Smarts: How Student Loans Affect Your Credit Score

Are you currently paying down a substantial student loan balance? If so, you’re not alone. A recent…
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for your financial moves.

Personal Loans – Members

Personal Loans

Personal loans, made more personal.

SoFi members save an average of $147^*.

Fixed Personal Loan Rates range from 8.74% APR
to 35.49% APR (with AutoPay, plus rate discount)⁵.

Pay off credit cards or invest in a major purchase