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30Y FIXED6.85%↑ 0.02·15Y FIXED6.12%↓ 0.01·REFI 30Y6.78%↑ 0.01·HELOC9.20%0.00·JUMBO 30Y7.05%↑ 0.03·HYSA TOP4.85%↓ 0.05·12M CD5.10%0.00·24M CD4.85%↓ 0.02·5Y CD4.40%↑ 0.01·MMA TOP4.65%0.00·AUTO 60M NEW7.10%↓ 0.02·AUTO 60M USED8.45%↑ 0.04·PERSONAL EXC.8.20%0.00·10Y TREASURY4.32%↑ 0.01·30Y FIXED6.85%↑ 0.02·15Y FIXED6.12%↓ 0.01·REFI 30Y6.78%↑ 0.01·HELOC9.20%0.00·JUMBO 30Y7.05%↑ 0.03·HYSA TOP4.85%↓ 0.05·12M CD5.10%0.00·24M CD4.85%↓ 0.02·5Y CD4.40%↑ 0.01·MMA TOP4.65%0.00·AUTO 60M NEW7.10%↓ 0.02·AUTO 60M USED8.45%↑ 0.04·PERSONAL EXC.8.20%0.00·10Y TREASURY4.32%↑ 0.01·
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Personal loan review

SoFi Personal Loan Review (2026)

SoFi earned 4.8 / 5 in our 2026 review. Best for: excellent credit, large loan amounts. APRs run 8.99% to 23.43% on $5,000 to $100,000 loans, with funding in same day to 1 business day.

By the Fintiex Loan Desk · Updated 2026-05-02
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TL;DR stats
APR range
8.99% to 23.43%
Loan amount
$5,000 to $100,000
Term range
2 to 7 years
Origination fee
None
Funding speed
Same day to 1 business day
Min credit score
680
Late fee
None
Prepayment penalty
None
Pros
  • +No origination fees, late fees, or prepayment penalties
  • +Unemployment protection: pause payments if you lose your job
  • +0.25% autopay rate discount
  • +Access to SoFi member benefits including financial planning
  • +Joint loan applications accepted
  • +Same-day funding available in many cases
Cons
  • -High minimum loan amount of $5,000
  • -Requires good to excellent credit
  • -No secured loan option

Rates and fees

APR range
8.99% to 23.43%
Origination fee
None
Late fee
None
Prepayment penalty
None
Loan amount range
$5,000 to $100,000
Repayment terms
2 to 7 years
Funding speed
Same day to 1 business day
Minimum FICO
680

Always compare APR rather than the headline interest rate. The CFPB requires every lender to disclose APR, which folds origination fees into the cost calculation.

Who it is for

SoFi fits borrowers with excellent credit (FICO 680+, ideally 720 or higher). The product is best suited for excellent credit, large loan amounts. Loan sizes from $5,000 to $100,000 cover most common needs: debt consolidation, home improvement, medical bills, and major life events. If your FICO is below 680, you will likely need a cosigner, a secured loan, or a different lender entirely.

How to apply for a SoFi loan

Applying takes about 10 to 15 minutes online. You will need your Social Security number, government ID, last two pay stubs or two years of tax returns, and your bank account details for the deposit. The Federal Reserve recommends checking your free credit report at annualcreditreport.com before you apply so you know what to expect.

  1. 1.Soft-pull prequalify on the SoFi site to see your estimated APR with no impact to your credit score.
  2. 2.Compare the prequalified APR against two or three other lenders. The CFPB allows a 14- to 45-day rate-shopping window with no extra credit damage.
  3. 3.Select your loan amount and term. Pick the shortest term you can afford; total interest paid is much lower on shorter terms.
  4. 4.Submit the formal application with income verification. This triggers a hard inquiry that drops your FICO 2 to 5 points temporarily.
  5. 5.Review the loan agreement, sign electronically, and wait for funding. SoFi typically deposits in same day to 1 business day.
Start a SoFi application

Frequently asked questions

Is SoFi a good personal loan lender?
SoFi earned 4.8 out of 5 in our 2026 review. The loan covers $5,000 to $100,000 with APRs of 8.99% to 23.43% on terms from 2 to 7 years. Best for: excellent credit, large loan amounts.
What credit score do I need for a SoFi personal loan?
SoFi accepts applicants with a minimum FICO of 680. To qualify for the lowest advertised APR, lenders typically want a score of 720 or higher plus steady income and a debt-to-income ratio under 40 percent. The CFPB recommends checking your free annual credit report at annualcreditreport.com before you apply.
How fast does SoFi fund a personal loan?
SoFi typically funds approved loans in same day to 1 business day. Funding speed depends on how quickly you submit income verification documents and on your bank's deposit processing time. Same-day funding is fastest when you have direct deposit set up with a major bank.
Does SoFi charge an origination fee?
No. SoFi does not charge an origination fee, which means the full loan amount is deposited in your account. Pair this with the lack of a prepayment penalty (confirmed), and SoFi is one of the lower all-in cost lenders in our 2026 review.
What is the maximum I can borrow from SoFi?
SoFi personal loans range from $5,000 up to $100,000. The amount you actually qualify for depends on income, debt-to-income ratio, and credit score. Most lenders cap unsecured personal loans at roughly 40 percent of annual gross income.
Does SoFi let me prepay my loan early?
Yes. SoFi has no prepayment penalty, so you can pay extra each month or pay off the loan in full at any time without a fee. Prepaying lowers the total interest you pay across the life of the loan.
Personal loan calculator
See your monthly payment for any APR and term combination.
Rates by credit tier
Realistic APR ranges for excellent, good, fair, and poor credit.

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Soft-pull prequalification takes about 5 minutes. No credit impact to look.

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