Sep
14
2023
SoFi Blog
Tips and news—
for your financial moves.
Sep
14
2023
Sep
14
2023
Sep
13
2023
Better Banking is Here with SoFi Checking and Savings
{/*Banking HNW 12/7 $300 Bonus Hero Banner*/}
{/* HERO MODULE */}
{/* RTB Section */}
{/* Horizon */}
{/* Experience industry-leading savings */}
Experience industry-leading savings rates.
You’ll earn more interest in seven weeks with SoFi than you would with a big bank. Period.
Open an account
{/* Get 1.25% APY today */}
Get up to 3.60% APY today1—
tomorrow will thank you.
Open an account
Personal Loan Terms
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 12/16/25 and are subject to change without notice. The average of SoFi Personal Loans funded in 2022 was around $30K. Not all applicants qualify for the lowest rate. Lowest rates reserved for the most creditworthy borrowers. Your actual rate will be within the range of rates listed and will depend on the term you select, evaluation of your creditworthiness, income, and a variety of other factors.
Loan amounts range from $5,000– $100,000. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 0%-6%, which will be deducted from any loan proceeds you receive.
PERSONAL LOAN INTEREST RATES AND FEES | ELIGIBILITY AND IMPORTANT DETAILS. Annual percentage rates (APRs) shown include the 0.25% autopay discount. If approved for a loan, the rates and terms offered will depend on things like creditworthiness, the length of the loan, and other factors, and will fall within the range of rates available by applicable loan term; check out our full APR examples and terms. Remember, not all applicants will qualify for the lowest rate. Want to learn more? See our eligibility criteria at SoFi.com/eligibility-criteria. SoFi reserves the right to change interest rates at any time without notice, changes would only apply to applications begun after the effective date of the change. Fixed Rates: Fixed rates range from 8.74% APR to 35.49% APR (with autopay). The SoFi 0.25% autopay interest rate reduction requires you to agree to make your scheduled monthly payments by an automatic monthly deduction (ACH) from a savings or checking account. Enrolling in autopay is not required to receive a loan from SoFi. Loan Terms: SoFi Personal Loans offer loans with a period of repayment between 2 and 7-year terms. Loan Fees: SoFi personal loans have no fees required; specifically, no origination fees required, no late fees, no prepayment penalties.
PERSONAL LOAN | REPAYMENT EXAMPLE. The following example depicts the APR, monthly payment and total payments during the life of a $30,000 personal loan with a 2-year repayment term, a 0.25% autopay discount, and a fixed rate between 8.74% APR to 35.49% APR. It works out to 24 monthly payments ranging from $1,356.68–$1,529.07 for a total amount of payments ranging from $32,560.37–$36,697.76. This repayment example assumes that the borrower is signed up for autopay and that all payments are made on time, with no pre-payments. Actual rates may vary based on repayment term, loan amount, creditworthiness, and other terms and conditions. SoFi does not offer variable rate personal loans. State restrictions may apply.
Read moreSep
13
2023
SoFi Bill Pay
{/* Bill pay 9/11 */}
{/* HERO MODULE */}
Make bill payments faster, easier, and less painful.
With a SoFi Checking and Savings account, you can easily pay for your utilities, mortgage, credit cards, and more without hassle—or fees*—all from the app.
Open an account
{/* Pay all your bills online, all in one place */}
Pay all your bills online, all in one place.
Plus, keep track of everything going on in your account.
Make payments on your schedule.
Set up payments to companies or individuals on a one-time or monthly basis.
Pay bills safely and securely.
Get peace of mind when you process bills directly via the SoFi app. Bills to companies are processed electronically, and payments to individuals are processed via certified USPS delivery.
Keep track of your payments.
By adding SoFi Insights1, you can view recurring bills, track monthly spending, and get automatic categorization of payments.
{/* How to pay bills online with sofi */}
-
Open a SoFi Checking and Savings account.
Provide basic information to open an account in minutes. If you set up direct deposit, we’ll throw in a cash bonus of up to $300.†
-
Select “Pay bills.”
Once you fund your account, head to your checking dashboard to start paying bills.
-
Choose biller accounts.
Select your accounts from the list or manually enter their information.
-
Enter dollar amount and frequency.
Finally, choose how much and how often to pay the biller. This is where you can set up automatic bill payments.
How to pay bills online with SoFi.
{/* horizon top */}
{/* A bank account that goes beyond bill payments */}
A bank account that goes beyond bill payments—way beyond.
This isn’t your average bank account. With SoFi Checking and Savings, you can receive your paycheck up to two days early^ and get up to a $300 cash bonus when you set up direct deposit.†
The best part? You can get up to 3.60% APY on your balances with direct deposit.‡
Open an account
{/*FAQs*/}
FAQs
To pay bills using the SoFi app, simply tap “Banking”, then “Pay Bills.” You can select a new or existing payee, enter the dollar amount, and select your frequency.
You can pay just about any bill using SoFi’s bill pay service, including utilities, credit card, loans, and more.
It can vary slightly but electronic bill payments generally take two to three business days to complete. Though your payment might not show immediately, it will be credited as of the delivery date. If you make your payment on time, there’s nothing to worry about.
Yes. To set up automatic bill payments, simply choose your preferred payment frequency after entering the amount you’d like to pay. For example, let’s say you select “Monthly” as the frequency for your WiFi bill. Moving forward, we’ll automatically transfer funds from your checking account to your WiFi biller on a monthly basis.
Choose the “Pay Bills” option, select the company you want to pay, and specify that you want to make a one-time payment in the “Frequency” field.
There are no fees for paying bills through SoFi.
Explore other online banking features:
Zelle® →
{/* Make your bill payments smarter */}
Make your bill payments smarter, not harder.
Ready to take the stress out of paying bills? Open a SoFi Checking and Savings account today.
Get started
{/* Get the skills for paying bills */}
Get the skills for paying bills
Home > Banking > Online Banking >Online Bill Pay
Read more
Stay up to date on the latest business news and stock market happenings.