Sofi Personal Loans Overview With Requirements, Features & Rates

If you are looking for personal loans and you have a pretty good credit score then you should definitely apply for sofa personal loans. SoFi personal loans have low interest on their personal loans. It is easier to borrow and pay the personal loan back using SoFi loans.

Social finance is a lending company that offers refinancing and personal loans. SoFi offers lower interest rate than other market lenders. Their main clients are newly graduated students, undergraduate students and early stage professionals.

Requirements for Sofi Personal Loans

The requirements for SoFi personal loans are quite high. SoFi requires an average credit score of 780. With an average income of $150,000. On the other hand, SoFi offers a couple of benefits.

How to Apply For Sofi Personal Loan

  • To apply for personal loans you need to have an account in SoFi. To create an account you need to provide personal and financial information. Once your information is verified your account is created.
  • After your account I created you can apply for a loan. You can find your rate by simply providing the required information.
  • Once the information is completed submit your application.
  • You will receive a response within minutes. And your money will be transferred to your SoFi account.
Sofi Personal Loan Rates
  1. SoFi offers one of the lowest interest rates for their borrowers. The average interest on personal loans lies within 5.95% to 12.49%. You can get a variable rate in the range of 4.73% to 10.83%.
  2. There a couple of discounts as well. You can get a 0.25% discount on your loan if you pay your monthly payments using autopay.
  3. You can borrow a minimum of $5000 and a maximum of $100,000. There are also flexible payment conditions. You can get a payment term from 3 to years.

Why Choose Sofi Personal Loans Over Other Options – Features

SoFi offers one of the fastest personal loans. All the process is online so there is hardly any documentation issues. The whole process is simple.

You can get a personal loan if you are struggling with student loans or mortgages or installments. You can get refinancing from SoFi to help you with your financial issues.

There is no extra fee. There are no extra charges like prepayment fee, closing fee or origination fee.

The best part is that personal loans from SoFi come with unemployment protection. Mean that in case you lose your job your monthly payment will be paused.

Apply Online for Sofi Personal Loans
  1. To apply for SoFi loans you need to visit the link
  2. Other on the top right corner you will see a blue button saying “check your rates”. Click on it.
  3. You will be asked simple details like name, email, and password. Enter the information they send you, to create your online account with SoFi.
  4. When you login into the account there will be many loan options. Click on it and you will be asked to fill in the online loan application.

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