Updated April 2026Expert Reviewed
S
SoFi Personal Loan Review
4.9
APR Range
8.99% - 29.99%
Loan Amounts
$5,000 - $100,000
Repayment Terms
2-7 years
Min. Credit Score
Not disclosed
Origination Fee
Optional (0-7%)
Funding Speed
Same day
4.9
Our Verdict
SoFi is best for overall best personal loan, offering competitive rates with same day funding.
Pros
- No late fees
- Unemployment protection
- Co-borrower option
- Same day funding available
Cons
- Origination fee: Optional (0-7%)
- APR can go up to 29.99%
- Min credit score: Not disclosed
How SoFi compares
| Lender | Rating | APR | Fees | Speed |
|---|---|---|---|---|
| SoFi | 4.9 | 8.99%-29.99% | Optional (0-7%) | Same day |
| Upgrade | 4.7 | 9.99%-35.99% | 1.85%-9.99% | Same day |
| LightStream | 4.9 | 6.49%-25.99% | None | Same day |
| LendingClub | 4.5 | 9.57%-35.99% | 3%-8% | Same-next day |
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SoFi FAQ
SoFi requires a minimum credit score of Not disclosed. However, the best rates are typically available to borrowers with excellent credit (720+).
SoFi typically provides funding in same day. Actual funding times may vary depending on your bank and application completeness.
SoFi's origination fee is Optional (0-7%). This fee is typically deducted from the loan disbursement.
Most personal loan lenders, including SoFi, offer a soft credit check for prequalification that does not impact your credit score. A hard inquiry only occurs when you formally submit a full application.
SoFi offers personal loans ranging from $5,000 to $100,000 with terms of 2-7 years. The exact amount you qualify for depends on your creditworthiness, income, and debt-to-income ratio.
SoFi earns a 4.9/5 rating in our analysis. It's best for overall best personal loan. Key strengths include no late fees and unemployment protection. APR ranges from 8.99% to 29.99%, which is competitive.
Lauren Vasquez
Senior Financial Analyst · CFP®, Former Loan Officer
Lauren Vasquez is a Certified Financial Planner with over 12 years of experience in personal lending and consumer finance. She spent eight years as a senior loan officer at Wells Fargo before joining Fast Loan Express to help everyday borrowers cut through the noise and make smarter decisions.
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