Jul
02
2018
SoFi Blog
Tips and news—
for your financial moves.
Jun
29
2018
Member Advisory Board
Meet the SoFi Member Advisory Board.
We believe members should help make the calls that shape the future of SoFi. That’s why we have our Member Advisory Board, a diverse group of SoFi members providing invaluable feedback across all our products and services.
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Christian Fuentes
District Leader, Patient Services
Christian Fuentes
District Leader, Patient Services
I joined SoFi in 2022 through their financial tracking and banking products, and quickly became inspired by the company’s mission and passion for helping people get their money right. I am excited to leverage my financial journey and experiences to help inform new products and services that make financial planning less daunting and more rewarding.
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Cortez Downey
In-House Data Privacy & Cybersecurity Attorney
Cortez Downey
In-House Data Privacy & Cybersecurity Attorney
Navigating the universe of student loans, credit cards, and investment portfolios can be so overwhelming. I respect and value SoFi’s approach to making tools, resources, and financial products understandable and accessible.
As an attorney and former educator, I understand the impact of taking complex subject matter and presenting it in a way that empowers clients (and students) to define success for themselves and take ownership over their journey.
I’m honored to be a part of the Member Advisory Board, and I look forward to contributing my personal and professional experiences to improve the SoFi experience and empower all SoFi members to define financial success for themselves and take ownership of their financial journey.
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Edlyn Ortiz
Project Manager
Edlyn Ortiz
Project Manager
I’m honored and excited to be a part of the Member Advisory Board. As a new SoFi member, I have already taken advantage of many of its products and services. I was impressed by their simplicity and ease of use. SoFi’s educational resources help empower its members to grow in their financial literacy journey. I look forward to serving on the board.
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Gustav Nørrelund
Project Manager
Gustav Nørrelund
Project Manager
It’s a privilege to serve on SoFi’s Member Advisory Board, a role that allows me to actively contribute to a pioneering financial community. My objective during my tenure is to channel member insights into actionable feedback, aligning SoFi’s services even more closely with the real-world needs of its members. By doing so, I aim to contribute to the ongoing improvement of an institution that has already empowered so many to take charge of their financial futures.
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Jeff Aronowitz
Director, Patient Support Training and Creative Development
Jeff Aronowitz
Director, Patient Support Training and Creative Development
It’s an honor to join SoFi’s Member Advisory Board, a role that aligns seamlessly with my diverse career in technology and public programs. I’m eager to leverage my educational background and experience to contribute to meaningful conversations that will shape the future financial well-being of our community.
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Joanna Kitlinski
Employment Strategy Project Manager
Joanna Kitlinski
Employment Strategy Project Manager
I was first introduced to SoFi when I refinanced my student loans in 2017, and I’m pleased to say I purchased my first home this year with SoFi as my mortgage lender. I’m very excited to join the Member Advisory Board and I look forward to providing my input to help future members feel empowered to reach financial freedom.
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Karyn Housh
Learning & Developmental Scientist
Karyn Housh
Learning & Developmental Scientist
SoFi has been with me through many milestones in my life—from coming to the U.S. for grad school to becoming a citizen, starting a career, and saving toward a home. In just a handful of years, SoFi has helped me achieve many of my financial goals as I navigated these life-changing accomplishments.
As part of the Member Advisory Board, I hope to have input into enhancing the user experience, broadening the financial tools and resources available, and further enabling members to effectively achieve and maintain financial success. I look forward to helping SoFi continue to progress and improve its services.
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Kyle Kurtz
Staff Software Engineer
Kyle Kurtz
Staff Software Engineer
Personal finance is a persistent challenge for many Americans, and SoFi is dedicated to making it more accessible and rewarding. They consolidate personal finance into an ever-improving, user-friendly, one-stop solution, celebrating milestones like loan payoffs and incentivizing smart financial behavior with redeemable rewards points. The simplicity combined with the benefits, like great interest rates, has improved the financial health of our household immensely. As an Advisory Board member, I’m eager to contribute insights for SoFi’s continued growth to benefit all members.
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Matthew Floden
Retired Pilot
Matthew Floden
Retired Pilot
SoFi has helped me save right, borrow right, and invest right. I love my SoFi experience, but there is more work to be done to reach our goal of becoming a top 10 financial institution. I’m excited to be part of a team that will help us achieve that goal.
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Matthew Talmage
Senior Account Executive
Matthew Talmage
Senior Account Executive
SoFi allows banking to work for you rather than against you. No account fees* and earning interest on checking and savings accounts helped put me in the driver’s seat of my financial future. I’m excited to add my input to the Member Advisory Board and work toward helping more people master their finances.
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Melody Tharpe
Teacher K–6
Melody Tharpe
Teacher K–6
I am looking forward to serving on SoFi’s Member Advisory Board. I’ve only been a SoFi member for a little over a year. I have appreciated the SoFi setup as well as its focus on financial literacy and empowerment. I hope this shared experience will benefit SoFi and myself.
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Rafik Awad
Business Development Manager – Tech
Rafik Awad
Business Development Manager – Tech
I’m super excited to be part of the Member Advisory Board. Moving to the States at 17 from Egypt, I had no clue about many parts of the financial system in America. It took me years
to understand and better my position. Sixteen years later, I really want to be a part of simplifying financial tools for others and making sure they are helpful and understandable. SoFi is certainly making a difference!
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Sandra Soliz Escobedo
Senior Vice President, Customer Experience
Sandra Soliz Escobedo
Senior Vice President, Customer Experience
I was privileged in my early career to be introduced to financial literacy through investing. At the time, I recognized I had so little exposure to financial health before then. Fast forward to 2020, when I was introduced to SoFi doing research on student loan consolidation, and I loved the simplicity of their messages. I’m excited to be a part of the Member Advisory Board this year and hope to expand simple lessons around financial health that can help people who might not have been raised with these tools.
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Sergio Velasquez-Rose
Marketing Strategy, Insights & Analytics
Sergio Velasquez-Rose
Marketing Strategy, Insights & Analytics
I have followed SoFi’s journey over the last decade and am excited to be the voice of the customer, contributing to the improvement and launch of products and services that benefit people every day.
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Zain Haseeb
B2B/B2G Product Marketing Manager
Zain Haseeb
B2B/B2G Product Marketing Manager
As a SoFi member since 2017, I’ve steadily grown my relationship with SoFi by taking advantage of multiple product offerings. I’ve enjoyed how their platform provides me the convenience, simplicity, and control to navigate my finances.
SoFi’s focus on building a community, providing relevant financial education, and investing in their members’ growth has reshaped my view of what a financial services company should be. I am honored and excited to serve on the Member Advisory Board and hope to influence more innovative solutions and help SoFi continuously improve the member experience.
Interested in being a part of our board?
Serving on SoFi’s Member Advisory Board means you’ll be a thought leader at SoFi. During your one-year commitment, you’ll participate in monthly virtual meetings and attend a special celebration at our San Francisco headquarters, where you’ll meet with executives and employees.
If you’re interested in applying for next year’s MAB cohort, reach out to [email protected] and you’ll receive more information when applications open.
Jun
29
2018
$25K SoFi Wild Cup Adventure Giveaway
For a chance to win a $25,000 National Geographic getaway excursion on SoFi: Share a photo & story with us on on social media that showcases your ambition and goals. 💪 🙌 We want to know where you’re headed, why you deserve a vacation, what drives you to reach your goals…basically, *inspire* us by sharing your story!
Read moreJun
18
2018
Credit Card Debt Consolidation Loans
Consolidate your credit card debt
with lower interest and save.
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Low fixed rates
Ditch your high credit card interest and save big.
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No fees required
No origination fees required, plus no prepayment or late fees.
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One fixed payment
Consolidate multiple debts into one simple monthly payment.
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$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.
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A SoFi credit card consolidation loan could help lower monthly payments.
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Lower interest rates
Save money by securing a lower fixed APR.
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Simplified payments
Stop juggling multiple bills. Manage one easy monthly payment.
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Lower your credit utilization
A personal loan for debt consolidation could help improve your credit score.
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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.
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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.
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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
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How to get a debt consolidation loan online:
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View your rate.
Get prequalified with no fees required and no obligation.
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Select your loan and apply.
Choose the bill consolidation loan that works for you and complete your application.
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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 8.99% APR to 29.49% 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.
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.
See more FAQs
Get a personalized credit consolidation loan quote in just a few 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 7.74% 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 2/8/26 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/4.3/5 star rating based on 9,347 reviews as of March 31, 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.
Jun
18
2018
Medical Financing Loans
Medical Loans
Personal loans for
medical and dental
procedures.
Find my rate
Pay for medical
costs—without sinking
into high-interest debt.
Looking to finance an elective surgery, arrange dental financing, or pay for other medically related costs? Whatever the case may be, SoFi is a great option to finance your next major medical procedure. Whether it’s for major hospitals, specialized clinics, or even trips to your local pharmacy, SoFi can help you get through any stage of your health journey.
Why cover medical expenses with SoFi?
Quick Process
Health costs can arrive unexpectedly, so we fund loans within seven days of approval, on average.
100% Private
We won’t ask about any personal details and don’t require a doctor’s appointment.
Outpatient Services
Health care extends past the procedure. Use your funds to cover medications or follow up visits.
No Fees Required
With SoFi, there are no origination fees required, no prepayment fees and no hidden fees.
Find my rate
What medical costs can SoFi help cover?
Depending on your coverage, health insurance usually only helps with preventive procedures, and in a lot of cases can be more selective than you may have thought. SoFi knows that your overall health is larger than just one hospital visit. That’s why our loans can help with a wide variety of medical needs determined by the person who understands your health the most—you.
Fertility
Treatments
Cover everything from first consultation—to the first trip home.
Find my rate
Weight Loss/ Bariatric Surgery
Pay for the medical attention you need to reach your weight loss goals.
Find my rate
Hospital
Costs
Ambulance, overnight stays, and health monitoring are all payable with SoFi.
Find my rate
Dental
Work
From a simple whitening to dreaded root canals, we help cover costs that your insurance won’t.
Find my rate
Elective
Surgery
SoFi can help out with any cosmetic or elective work at any type of office.
Find my rate
Prescription
Costs
Focus on treatment and management, not your pharmacy bill.
Find my rate
So easy
-
Find your rate.
Get pre-qualified online with no obligation.
-
Select your loan & apply.
Choose the loan that works for you and complete your application.
-
Receive your funds.
Sign your documents and funds are wired to your account.
Find my rate
Additional resources
Get started in minutes.
Speed matters. Which is why you can check loan rates—in just minutes.
Find my rate
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