Our verdict
If you have a good to excellent credit score of over 680, online lender SoFi is worthy of consideration. It offers quick funding on personal and debt consolidation loans up to $100,000, starting at 8.99% APR for qualifying borrowers. It's one of the few lenders that never charges fees on its personal loans — not even late fees.
As an FDIC-insured chartered bank, SoFi offers a full suite of financial products and services, plus perks like free career coaching, future discounts on loans, unemployment protection and more. Coapplicants are also accepted but with a longer processing time.
Best for: Borrowers with good to excellent credit who want extra perks.
- No prepayment penalties or late fees
- Have Sofi pay your creditors and get a 0.25% discount
- 60-second prequalification with soft credit check
- Same-day funding with some applications
- Borrow up to $100,000
- Coapplicant loans can take longer to process
- Minimum loan amount is higher than some competitors
- Some complaints of higher-than-expected rates
- Origination fee required to buy down interest rate