SoFi personal loans: APR, fees and requirements
What SoFi publishes about its personal loans (6.99% to 35.49% APR), checked on the lender’s own pages, and how its starting rate compares with the other lenders on our list.
| Lender type | Online lender |
|---|---|
| APR range | 6.99% to 35.49% |
| Loan amounts | $5,000 to $100,000 |
| Repayment terms | 24 to 84 months |
| Origination fee | 0%-7% |
| Minimum credit score | Not published |
| Funding time | Same day: most borrowers receive funds the same day when loan is approved and the loan agreement is signed by 5:30 PM ET on a business day (not guaranteed) |
| Availability | Must be a U.S. citizen or other eligible status residing in the U.S.; see SoFi.com/eligibility for state restrictions. If SoFi cannot approve, it may match the applicant with a participating bank, whose rate may be outside the listed range. |
How the lender states its rates: “Fixed rates from 6.99% APR to 35.49% APR reflect the 0.25% autopay interest rate discount and a 0.25% member rate discount. SoFi rate ranges are current as of 10/16/26 and are subject to change without notice.”
How the starting rate compares
The lowest advertised APR, 6.99%, ranks 8 of 33 among the lenders on our list (1 is the lowest). The Federal Reserve's average for a 24-month personal loan at commercial banks was 11.90% (August 2026). Only borrowers with strong credit get a lender's lowest rate.
Similar lenders
LightStream
Online lender
- APR
- 9.99% to 25.44%
- Loan amounts
- $5,000 to $100,000
- Origination fee
- None
Rocket Loans
Online lender
- APR
- 7.99% to 29.99%
- Loan amounts
- $2,000 to $75,000
- Origination fee
- Up to 9.99%
Alliant Credit Union
Credit union
- APR
- From 9.49%
- Loan amounts
- $1,000 to $100,000
- Origination fee
- None
Checked on October 16, 2026 on the lender's website. Rates and terms change: confirm before you apply. sofi.com/personal-loans