SoFi offers online personal loans with consumer-friendly features for good- and excellent-credit borrowers.
4.5
NerdWallet rating
Disclosures from SoFi Personal Loan
SoFi personal loans come with large loan amounts and flexible repayment terms — plus unique features like free financial planning and an estate planning discount — making them a strong option for borrowers with good to excellent credit (any score in the mid-600s or higher).
» MORE: Compare the best personal loans
What the nerds think
"SoFi is a great pick for borrowers with good credit, particularly if they need a large loan with same-day funding or joint loan flexibility. But the best perk might be the multiple rate discounts. With SoFi, you can potentially qualify for not one, not two, but three separate discounts, which lowers your monthly payment in the short-term and saves money on interest in the long-term."
NerdWallet writers rate lenders against a rubric that changes each year based on how personal loan products evolve. Here’s what we prioritized this year:
Read more about our ratings methodologies for personal loans.
High minimum loan amount. SoFi loans start at $5,000, which may be too high for borrowers looking to consolidate a small amount of debt or finance a minor expense. Other lenders offer loans starting at $1,000 or $2,000.
No secured loan option. Borrowers can’t secure a SoFi loan with collateral such as a car or savings account. A secured loan often helps in getting a lower annual percentage rate or higher loan amount.
» MORE: Best secured personal loans
SoFi evaluates loan applicants’ overall credit history and ability to pay, which includes their monthly income, but it doesn’t have a specific credit score or income requirement. Borrowers with good to excellent credit are more likely to get approved, and you can pre-qualify with SoFi to check your rate with no risk to your credit score. SoFi personal loans are available in all 50 states and Washington, D.C.
» MORE: How to get a personal loan
Interested in this lender? See what rate you can get by pre-qualifying.
✅ No impact to your credit score
Credit Score
745
Average APR
13.66%
Annual Income
$140,000
Loan Amount
$30,000
Loan Purpose
Debt Consolidation
Loan Term
5 years
Personal loan lenders offer different rates, loan amounts and special features, so it pays to weigh other options. The best personal loan is usually the one with the lowest APR.
 |  |  |  |
|---|---|---|---|
EST. APR 7.74-35.49% | EST. APR 6.49-24.89% | EST. APR 6.53-35.99% | EST. APR 7.74-35.99% |
LOAN AMOUNT $5K-$100K | LOAN AMOUNT $5K-$100K | LOAN AMOUNT $1K-$60K | LOAN AMOUNT $1K-$50K |
MIN. CREDIT SCORE None | MIN. CREDIT SCORE 660 | MIN. CREDIT SCORE 600 | MIN. CREDIT SCORE 600 |
4.5
out of 5
(129 reviews)
89%
Would recommend this product
Rating Breakdown
(92)
(21)
(3)
(1)
(6)
Sort by:
Pedro M.
Verified NerdWallet Customer
Would you recommend this product? Yes
Pretty satisfied. Pretty fast.
February 6, 2026
Colin K.
Verified NerdWallet Customer
Would you recommend this product? Yes
It's been good with SoFi.
January 30, 2026
Richard M.
Verified NerdWallet Customer
Would you recommend this product? No
We haven't had any issues yet, we just now got it, so it's not all worth. Been with them for years.
January 30, 2026
Akeem S.
Verified NerdWallet Customer
Would you recommend this product? Yes
It was very quick funding, best rates as well.
January 30, 2026
Leslie F.
Verified NerdWallet Customer
Would you recommend this product? Yes
It was a pretty quick and easy. This is my second loan through them. The first loan that I had a pretty high interest rate. Now it like lowered pretty much in half and it was a quick and simple process.
January 28, 2026
Caryn H.
Verified NerdWallet Customer
Would you recommend this product? Yes
It went really quickly. I figured it out within a day and they haven't had any issues and it helped me consolidate everything quickly.
January 28, 2026
Abby L.
Verified NerdWallet Customer
Would you recommend this product? Yes
Satisfied.
January 28, 2026
Jay F.
Verified NerdWallet Customer
Would you recommend this product? Yes
Perfect. Seamless, no headaches. Great.
January 28, 2026
Christopher J.
Verified NerdWallet Customer
Would you recommend this product? Yes
Literally, like, applied online and had a decision in, I think it was, a few minutes. It was quick. And then my wife did it without me. My wife did it, and it was super quick.
January 28, 2026
Kimberly B.
Verified NerdWallet Customer
Would you recommend this product? Yes
I was satisfied. It was very straightforward. I just received a lot of spam afterwards, which I wasn't happy about.
January 27, 2026
User reviews are displayed for informational purposes only and are not monitored for accuracy. These reviews do not reflect the opinions of NerdWallet or the financial institutions referenced and are not endorsed by them. Neither NerdWallet nor the financial institutions are responsible for the content of any review, nor are the financial institutions obligated to respond to or address any user posts.
