Private Student Loan
Undergrad Rates & Terms


The following examples depict the term, APR, monthly payment amount, and total payments during the life of a $10,000 private student loan with a single disbursement. All student loan rates below are shown with the autopay discount (0.25%). SoFi does not charge application fees, origination fees, insufficient fund fees, or late fees, and there are no prepayment penalties.

For variable rate loans, the variable interest rate is derived from the one-month LIBOR rate plus a margin of between 2.74% and 9.99%. The current one-month LIBOR rate is 2.5%. Changes in the one-month LIBOR rate may cause your monthly payment to increase or decrease. Interest rates for variable rate loans are capped at 13.95%, unless required to be lower to comply with applicable law.

If approved for a loan, the interest rate you receive will be within the ranges listed below, but will depend on a number of factors including: your loan term, your selected repayment type, your financial history, and other factors, including your cosigner’s (if any) financial history. State restrictions and other terms and conditions may apply.

How to read the repayment tables

For the tables below, the full deferment, interest only, and partial payment in-school repayment options assume that you remain in school for 4 years and have a 6-month grace period (together, the deferment period) before the loan term begins. The immediate repayment option assumes full payment begins 1 month after full disbursement.

SoFi reserves the right to change interest rates at any time and without notice. Such changes will only apply to applications begun after the effective date of the change. Calculations are estimates only.

Fixed Rate Loans

Repayment Type:
Immediate Make principal and interest payments while in school

TermAPRMonthly payment amount
during deferment period
Monthly payment amount
during the loan term
Total of Payments
55.99% – 10.59%N/A$193.28 – $215.39$11,596.89 – $12,923.11
106.14% – 10.99%N/A$111.72 – $137.69$13,406.98 – $16,523.21
156.24% – 11.49%N/A$85.69 – $116.76$15,423.80 – $21,015.97
Repayment Type:
Interest Only Make only the interest payments while in school

TermAPRMonthly payment amount
during deferment period
Monthly payment amount
during the loan term
Total of Payments
56.99% – 11.59%$58.25 – $96.58$197.96 – $220.38$15,023.39 – $18,438.19
107.14% – 11.99%$59.50 – $99.92$116.83 – $143.41$17,232.76 – $22,605.08
157.24% – 12.49%$60.33 – $104.08$91.23 – $123.19$19,679.39 – $27,794.18
Repayment Type:
Partial Payment Pay a monthly payment of $25 while in school

TermAPRMonthly payment amount
during deferment period
Monthly payment amount
during the loan term
Total of Payments
56.87% – 10.69%$25$237.14 – $309.80$15,578.60 – $19,938.23
107.09% – 11.27%$25$141.46 – $205.10$18,325.77 – $25,961.43
157.23% – 11.82%$25$111.36 – $179.53$21,395.38 – $33,664.70
Repayment Type:
Fully Deferred Start paying principal and interest payments six months after you leave school

TermAPRMonthly payment amount
during deferment period
Monthly payment amount
during the loan term
Total of Payments
56.99% – 10.97%$0$267.85 – $344.17$16,071.23 – $20,650.08
107.31% – 11.71%$0$160.50 – $228.56$19,259.41 – $27,426.68
157.50% – 12.37%$0$126.83 – $200.38$22,830.30 – $36,068.35

Variable Rate Loans

Repayment Type:
Immediate Make principal and interest payments while in school

TermAPRMonthly payment amount
during deferment period
Monthly payment amount
during the loan term
Total of Payments
54.99% – 10.34%N/A$188.67 – $214.15$11,319.99 – $12,848.83
105.14% – 10.74%N/A$106.75 – $136.28$12,810.14 – $16,353.89
155.24% – 11.24%N/A$80.34 – $115.17$14,460.34 – $20,730.83
Repayment Type:
Interest Only Make only the interest payments while in school

TermAPRMonthly payment amount
during deferment period
Monthly payment amount
during the loan term
Total of Payments
55.99% – 11.34%$49.92 – $94.50$193.28 – $219.12$14,292.39 – $18,250.42
106.14% – 11.74%$51.17 – $97.83$111.72 – $141.97$16,169.98 – $22,319.63
156.24% – 12.24%$52 – $102$85.69 – $121.57$18,231.8 – $27,389.73
Repayment Type:
Partial Payment Pay a monthly payment of $25 while in school

TermAPRMonthly payment amount
during deferment period
Monthly payment amount
during the loan term
Total of Payments
55.99% – 10.50%$25$222.80 – $305.57$14,717.77 – $19,683.92
106.19% – 11.06%$25$130.23 – $201.43$16,977.07 – $25,521.71
156.31% – 11.62%$25$100.73 – $175.79$19,481.02 – $32,992.96
Repayment Type:
Fully Deferred Start paying principal and interest payments six months after you leave school

TermAPRMonthly payment amount
during deferment period
Monthly payment amount
during the loan term
Total of Payments
56.10% – 10.76%$0$252.74 – $339.72$15,164.63 – $20,383.49
106.38% – 11.49%$0$148.40 – $224.65$17,808.36 – $26,958.20
156.55% – 12.15%$0$115.26 – $196.38$20,746.44 – $35,347.78
Private Student Loan variable rate loans for all terms are capped at 13.95%.

Rates in this table reflect prices as of 4/1/2019.

**Private Student Loan: The SoFi 0.25% autopay interest rate reduction requires you to agree to make monthly payments by an automatic monthly deduction (ACH) 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. The discount will not reduce the monthly payment; instead, the discount is applied to the principal loan balance and is intended to help pay the loan down faster.

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