What rate discounts do you offer?

The following interest rate discounts are available:

● You can get a 0.25% interest rate reduction when you sign up to make automated payments from your checking or savings account.⁸ Learn more about SoFi’s autopay discount on our repayment options and examples page.

● If you have taken out a private student loan with SoFi before, we’ll give you a 0.125% discount automatically when you take out your new loan.*

Find out more about SoFi’s Member Rate Discount eligibility requirements here.

*0.125% Family Rate Discount: Terms and conditions apply. Offer good for SoFi private student loan cosigners who have previously borrowed a private student loan from SoFi and are taking out a subsequent loan only, select a term and repayment type that is eligible for the discount, and is subject to lender approval. To receive the offer, you must: (1) complete a loan application with SoFi; (2) meet SoFi’s underwriting criteria. Once conditions are met and the loan has been disbursed, the interest rate shown in the Final Disclosure Statement will include an additional 0.125% rate discount because you have borrowed a private student loan from SoFi in the past. Offer good for existing private student loan cosigners only. Cannot be combined with other rate discounts, with the exception of the 0.25% autopay rate discount and 0.125% SoFi Plus Parent discount. Once the family discount benefit is earned, it cannot be lost. SoFi reserves the right to change or terminate the Rate Discount Program to unenrolled participants at any time with or without notice.