SoFi – Personal Loan
SoFi is a leading online lender offering personal loans up to $100,000 with no fees, fast funding, and member perks like unemployment protection.
Applying does not obligate you to accept a loan offer.
SoFi Personal Loan – Review 2026
SoFi (Social Finance) is one of the largest online personal lenders in the United States. SoFi loans are unsecured, have no fees, and come with a unique benefit — unemployment protection that pauses payments if you lose your job.
SoFi Loan Highlights
SoFi offers unsecured personal loans from $5,000 to $100,000 with terms from 2 to 7 years. APRs start at 8.99% (with autopay and direct deposit discounts) and there are no origination fees, late fees, or prepayment penalties.
Who Qualifies
SoFi targets prime borrowers with strong credit (typically 680+) and verifiable income. The application is fully online and most decisions arrive within minutes; funds can land in your bank account the same day.
✓ Pros
- No origination, late, or prepayment fees
- Largest loan amounts among top lenders
- Career coaching included
- Strong autopay discount
✗ Cons
- Requires good credit (680+)
- No co-signer option for personal loans
- Minimum loan $5,000
Loan Example
Example: $20,000 loan for 60 months at 11.99% APR = monthly payment of $444.89, total payable $26,693.40.
Eligibility Requirements
- ✓ Age 18+ years (19 in AL, 21 in MS, PR)
- ✓ US citizen, permanent resident, or visa holder
- ✓ Employed or with sufficient income
- ✓ Credit score 680+
- ✓ Active US bank account
Loan Features
- Loans up to $100,000
- No fees of any kind
- Unemployment protection
- Same-day funding
- Member perks and rate discounts
Frequently Asked Questions
Same day after submitting your application.
The minimum amount at SoFi is $5,000 USD.