Are you paying more than 10% 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.
Borrow from $5k-$100k at fixed rates that start at 5.49% APR (with AutoPay)5.
No origination fees or pre-payment penalties. What you see is what you get.
Get a 0.125% rate discount✝✝ on an additional SoFi loan—just for being a member
Simple online application and access to live customer support 7 days a week.
If you lose your job, we’ll temporarily pause your payments and help you find a new job.4
Borrowers raise their credit scores by 17 points on average when paying off credit card debt.**.
Here’s how SoFi Personal Loans compare
|SoFi||Lending Club||Discover Personal Loan||Credit Cards|
5.49% – 14.24%
|5.99 – 35.89%||6.99 – 24.99%||12.00 – 22.86%6|
|Fees||No Fees||1 – 5% Origination Fee||No Fees||3% Balance Transfer Fee|
|Term||3, 5, 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|
Get pre-approved online with no fees and no obligation.
Choose the loan that works for you and complete your application.
Sign your documents and funds are wired to your account.
See how much you can save when you pay off your existing debt with a SoFi personal loan.Calculate Savings
With serious savings, a seamless online application, and unique community benefits, our members have a lot to say.
“This has quite possibly been the best experience that I've had—easy application process, great rates, and great customer service.“
“My SoFi personal loan will save me thousands of dollars in interest. The application process was fast and effortless.“
“I know I’m making progress and [SoFi has] given me the freedom to invest that money in other assets.“