Credit Card Debt Consolidation Loans
Consolidate your credit card debt
with lower interest and save.
-
Low fixed rates
Ditch your high credit card interest and you could save big.
-
No fees required
No origination fees required, plus no prepayment or late fees.
-
One fixed payment
Consolidate multiple debts into one simple monthly payment.
-
$5K to $100K
Get funds as soon as the same day
you sign.‡
View your rate
Real reviews from SoFi members who’ve successfully paid off over $33B in credit card debt.
Ready to join them? Apply for a debt consolidation loan with 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.
Real reviews from SoFi members who’ve successfully paid off over $33B in credit card debt.
Ready to join them? Apply for a debt consolidation loan with 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 #
A SoFi credit card consolidation loan could help lower monthly payments.
-
Lower interest rates
You could save money by securing a lower fixed APR.
-
Simplified payments
Stop juggling multiple bills. Manage one easy monthly payment.
-
Lower your credit utilization
A personal loan for debt consolidation could help improve your credit score.
-
No fees required
Transparency matters. Enjoy a no-fees-required borrowing experience.
View your rate
What is a credit card consolidation loan? Expand to learn more.
expand={
/>
How does a credit card consolidation loan work?
A personal loan for debt consolidation is a savvy way to potentially save thousands in interest by refinancing high-rate credit cards and existing personal installment loan balances. You could have a clear path to paying off debt, with one fixed monthly payment to budget around and flexible terms from 2 to 7 years. Plus, with Direct Pay, you have the option to receive an even lower fixed rate when you opt to have SoFi pay off your lender(s) directly.
Why SoFi for credit card consolidation loans?
View your rate
Fast and easy application process
View your debt consolidation loan rate in minutes. Literally.
Flexible loan options
Choose payment terms that fit your needs. And your wallet.
Pay lenders directly
Choose Direct Pay and we’ll pay your lender up front so you don’t have to. Plus, you’ll receive a 0.25% rate discount.2
24/7 member support and financial guidance
Our team is here when you need us. Give us a call for a no-cost consultation at 855-456-7634.
{/* Horizon */}
See how a SoFi debt consolidation personal loan could save you money.
Many credit card holders opt to use a balance transfer to consolidate their debt, but this move often leaves people with the same problem they started with: high-interest credit card debt. With a debt consolidation loan, your low fixed rate won’t increase for the life of the loan–compared to just transferring your debt to another card.
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.
Debt Consolidation Calculator
}
headingText=”Run the numbers with our debt consolidation calculator.”
imgAlt=”Personal loans calculator illustration”
imgSrc=”https://d32ijn7u0aqfv4.cloudfront.net/wp/wp-content/uploads/raw/pl-calculator.webp”
/>
How to get a debt consolidation loan online:
-
View your rate.
Get prequalified with no fees required and no obligation.
-
Select your loan and apply.
Choose the bill consolidation loan that works for you and complete your application.
-
Receive your funds.
Sign your document and funds are wired to your account—as soon as the same day.1
View your rate
Which credit card consolidation option is right for you?
Whether you’re searching for debt relief loans or balance transfers for credit card debt, we’re here to help. SoFi offers personal loan debt consolidation to help you take back control of your financial future.
3SOURCE: CreditKarma.com accessed on 1/29/24.
4SOURCE: Bankrate “What Is the Limit for a Balance Transfer Card?” accessed on 1/29/24.
Learn more about credit consolidation loans:
FAQs
Applying for a debt consolidation loan requires a firm understanding of your credit, the amount of debt you are carrying, and remaining payments.
Three types of debt are commonly consolidated: credit card debt, medical debt, and high-interest personal loan debt. You may reduce the overall cost of repayment by securing better terms and interest. You’ll also have a single payment to keep track of instead of several.
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.
SoFi personal loans have fixed rates ranging from 8.74% APR to 35.49% APR. 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. The lowest rate reflects the 0.25% autopay interest rate discount and a 0.25% direct deposit interest rate discount. SoFi rate ranges are current as of and are subject to change without notice.
Obtaining a debt consolidation loan is easier than you might think. There are no fees to get prequalified, and the process can be completed online. Once you’ve chosen a loan, the application is straightforward. Sign the documents, and the funds could be in your account the very same day.
A debt consolidation loan is a type of personal loan that allows you to combine multiple debts into one loan with a single monthly payment. This can help simplify your finances and make it easier to manage your debt. Debt consolidation loans can be used to consolidate various types of debt, including credit card debt, personal loans, and other high-interest debt.
Consolidating credit card debt does not cause you to lose your credit cards. It merely wipes out the debt on each card you include in the consolidation.
The easiest way to pay is to log in to the SoFi Android or iOS app, or log in to SoFi.com and make payments electronically via ACH, the same secure way most people get paid by their employers. Even better, setting up automatic payment by ACH earns you a 0.25% discount on your rate. You can also set up online bill pay to SoFi through your bank, or you can send in a paper check. Note that we do not currently accept payment via credit card.
You are welcome to make a larger payment than your current amount due and can pay off your loan at any time via your sofi.com account. There are no prepayment penalties should you decide to make additional payments.
You can contact us via chat or call us at (855) 456-SOFI (7634), Monday–Thursday 5am–7pm PT, Friday–Sunday 5am–5pm PT.
Debt settlement involves negotiating with creditors to reduce the total amount of debt owed. It is important to be cautious of potential scams and avoid companies that charge upfront fees. Debt settlement companies should be transparent about their fees and responsibilities. Unlike debt consolidation, which combines multiple debts into a single loan, debt settlement can negatively impact your credit score and carries significant risks. Individuals can also attempt to negotiate their own debts without a company. Understanding these differences can help you make an informed decision about your debt relief options.
We do not have a minimum income requirement. Loan eligibility depends on a number of additional factors, such as a responsible financial history, credit score, your monthly income vs. expenses, and professional experience. Please review our Eligibility Criteria for further details.
The best solution for consolidating your debt is a personal loan. It’s a versatile option that can help you pay off multiple debts with a lower interest rate than credit cards or other types of loans. This not only saves you money but also simplifies your debt management, making it easier to keep track of your finances.
Here are some of the benefits of using a personal loan to consolidate debt:
• You can secure a lower interest rate than what credit cards or other debts may be charging.
• Simplify your finances with a single monthly payment.
• You can pay off your debt more quickly.
• You can improve your credit score.
If you’re thinking about consolidating your debt, a personal loan is a solid choice. Compare rates from different lenders to snag the best deal for you.
See more FAQs
Get a personalized credit consolidation loan quote in minutes.
Fast, easy, safe. Apply for a debt consolidation loan and view your rate with our secure online application.
View your rate
Checking 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 12/15/25 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: 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 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 10,127 reviews as of October 20, 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.
