SoFi personal loans
4.45 / 5
★★★★★
Even if you haven't heard of other lenders on this list, there's a good chance you're familiar with SoFi — it's the closest thing to a household name when it comes to student loan refinancing. But it also offers personal loans at competitive rates. SoFi's ideal customer is a young professional that's trying to pave a way toward financial freedom.
SoFi offers more additional perks than Best Egg does. Borrowers become SoFi members, unlocking access to financial advisers, networking opportunities and unemployment protection. Thinking of starting a business? You might be able to qualify for SoFi's entrepreneur program, which comes with seed money, the opportunity to pitch to investors and more.
Thinking of borrowing big? SoFi's maximum loan amount is nearly triple what Best Egg offers, capping at $100,000. Perhaps to adjust to the larger amounts, SoFi personal loans come with loan terms of 2 to 7 years . It also offers a choice between fixed rates of 4.99% to 19.63% and variable rates of 6.99 to 22.23% — including an autopay discount.
Unlike Best Egg and other providers out there, it truly has no fees — including no late and returned payment charges.
- Not available in: Mississippi, Vermont
- No fees
- Financial advice
- More competitive rates
- Made for high earners
- Not available in Mississippi
Loan Amount | $5,000 to $100,000 |
---|---|
APR | 6.99 to 22.23% |
Interest Rate Type | Fixed |
Min. Credit Score | 680 |
Turnaround Time | As soon as the same day |
Maximum Loan Term | 7 years |
Minimum Loan Term | 2 years |
APR | 6.99 to 22.23% |
---|---|
Min. Credit Score | 680 |
Loan Amount | $5,000 to $100,000 |
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