Best for excellent credit: SoFi personal loans
Min. Credit Score
Max Loan Amount
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 5.99% to 18.64% and variable rates of 5.74% to 14.70% — including an autopay discount.
Unlike Best Egg and other providers out there, it truly has no fees — including no late and returned payment charges.
- No fees
- Financial advice
- More competitive rates
- Made for high earners
- Not available in Mississippi
|Loan Amount||$5,000 – $100,000|
|APR||5.99% to 18.85%|
|Interest Rate Type||Fixed|
|Min. Credit Score||680|
|Min term||24 months|
|Max term||84 months|
|Turnaround Time||Up to 30 days|
Fixed rates from 5.99% APR to 18.85% APR (with AutoPay). SoFi rate ranges are current as of February 25, 2021 and are subject to change without notice. Not all rates and amounts available in all states. See Personal Loan eligibility details. Not all applicants qualify for the lowest rate. If approved for a loan, to qualify for the lowest rate, you must have a responsible financial history and meet other conditions. Your actual rate will be within the range of rates listed above and will depend on a variety of factors, including evaluation of your credit worthiness, income, and other factors. See APR examples and terms. 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.