Low rates

Find out your rates for a SoFi personal loan in 2 minutes or less

Simple application process

Simple all-online application and access to live customer support 7 days a week.

Fixed monthly payment

Rest assured you are protected from significant increases with fixed monthly payments.

SoFi’s Personal Loan was named NerdWallet’s 2022 winner for "Best Personal Loan for Good and Excellent Credit" and "Best Online Personal Loan" overall.

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No origination fees

No pre-payment fees

No late fees


A personal loan is money you borrow for any kind of personal use such as paying off credit card debt, investing in home improvements, taking a special vacation, or paying for an engagement ring or wedding expenses. Taking a personal loan can be a smart way to consolidate high-interest rate balances under one monthly rate. To repay the loan, you make monthly payments of principal plus interest. A personal loan gives you the flexibility to make big purchases, then pay it off at a pace that makes sense for you.

SoFi Personal Loans are fixed rate loans. If you like the consistency of knowing exactly what your monthly payments will be over time, you might prefer a fixed rate loan. Our max term for fixed rate loans is 7 years.

SoFi Personal Loans are solely for personal, family, or household purposes and are not permitted to be used for real estate, business purposes, investments, purchases of securities, post-secondary education and short-term bridge financing.

To be eligible for a SoFi loan, you must be a US citizen, permanent resident or visa holder (E-2, E-3, H-1B, J-1, L-1, or O-1) 18 years or older, and reside in one of our eligible states. If you are a permanent resident, you must be able to show an image or scan of your permanent residency card (Green Card) and your Green Card must have a total validity (from issuance to expiry) of more than 2 years. If you are a visa holder, you must be able to show an image or scan of your valid visa and proof of an approved application for a Green Card, including either an I-140 approval notice (Immigrant Petition for Alien Worker), or receipt or approval of an I-485 (Application for application to register permanent Residence). Loan eligibility also depends on a number of additional factors, such as a responsible financial history, credit score, your monthly income vs. expenses, and professional experience. Please review our Eligibility Criteria for further details.

SoFi aims to revolutionize financial services, ultimately improving the system for everyone. Today, we’re able to offer significant savings and flexibility to US citizens or permanent residents who are employed and/or has a sufficient income from other sources with a responsible financial history and have a strong monthly cash flow.

The SoFi Personal Loan is an unsecured loan. This means that you do not need to provide collateral for the loan.

With the SoFi Personal Loan, the minimum amount you can borrow is $5,000 in most states and the maximum is $100,000.