SoFi Personal Loan

No-fee personal loans from $5,000 to $100,000 with competitive fixed rates. No origination fees, no prepayment penalties, and unemployment protection.

Last checked on June 7, 2026. We may earn a commission when you click through.

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Personal SoFi

SoFi Personal Loan

Updated 1 month ago

Our Verdict

SoFi offers a flexible and competitive personal loan option, especially for those with good credit. Its no-fee structure and unemployment protection are noteworthy advantages.

In-Depth Review

SoFi's personal loan product stands out in the crowded lending market with its competitive fixed rates, no origination fees, and no prepayment penalties. Borrowers can access loans between $5,000 and $100,000 with terms ranging from 24 to 84 months, making it suitable for various financial needs. The unemployment protection feature is particularly beneficial, providing a safety net for borrowers who find themselves in a tough spot.

However, it's crucial to consider the APR range, as it starts from 7.74% and can escalate to 35.49%, which may not be feasible for individuals with good credit. While SoFi caters primarily to those with good credit, borrowers with lower scores may find better options elsewhere, as higher rates can significantly increase the total cost of borrowing. Overall, SoFi is an excellent choice for qualified individuals looking for flexibility and support in their personal finance journey, but thorough consideration of the associated costs is essential.

Best For

This loan is best for borrowers looking for larger amounts, ranging from $5,000 to $100,000, without the burden of origination fees or prepayment penalties.

Watch Out

Potential borrowers should be aware of the high end of the APR range, which can reach up to 35.49%, making it less ideal for those with lower credit scores.

Check eligibility →

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Key Facts

Representative APR

7.74–35.49%

per year

Loan Amount

$5k–$100k

Term

24–84 months

Requirements

  • US citizen or permanent resident (or valid visa holder)
  • Age 18+
  • Valid SSN
  • Bank account
  • Minimum credit score 680
  • Verifiable income and employment
  • Minimum annual income of $45,000 (or $80,000 with cosigner)
Apply now →

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