SoFi is a finance company that offers personal loans, investments, insurance, and savings plans. Its loans include student loan refinancing, home loans, mortgages, and more. In this article, we cover SoFi reviews and pricing. Ready to get started? Visit its website.
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SoFi offers personal loans with rates depending on the borrower’s employment, credit, and spending history. Their loans range from $5,000 to $100,000. SoFi pricing has fixed interest rates that range from 5.99% to 16.99%.
SoFi also offers different loan types such as student loan refinancing, medical resident refinancing, home loans, mortgage, mortgage refinancing, and parent plus refinancing. Interest rates range from 2.54% to 14.51%.
Ready to get started with SoFi? Visit its website.
Top Lenders 2019
Up to $250,000 for line of credit
600+ for line of credit
Summary of Positive SoFi Reviews
Users who gave SoFi a positive review said that they experienced an efficient application process and a fast release of loaned funds. They also added that the customer support team was helpful and courteous whenever they needed assistance.
One user who gave SoFi a positive review on Trustpilot said that his loan application was approved within a day without further questions or concerns raised. He added that the funds were transferred to him the following day and commended the affordable loan payment system.
Summary of Negative SoFi Reviews
As of the date this article was written (March 21, 2019), there are very few SoFi reviews available online. One user, however, complained that he wasn’t able to customize his payment plan.
Check out the list below of some of SoFi’s features:
- AutoPay (automatic payment)
- Unemployment protection
- No Origination, pre-payment, and late fees
- Rate check
- And more
What purposes can SoFi personal loans be used for?
SoFi personal loans can be used for any personal financing such as credit card consolidation, home improvements, relocation, medical procedures, auto refinancing, wedding expenses, vacation, and more.
How long does it take for SoFi to release loaned funds?
SoFi generally releases loaned funds within a few days after the approval of an application. The process involves the borrower signing a loan agreement and confirmation of address.