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I've had a few personal loans with SoF over the yearsi. All easy to apply for and get funded (ranged from $47 to 28K). Their rates have become less attractive over the years which is dissapointing considering rates have been declining during the same time.
No matter how high your credit is, their APR is not as advertised. In fact it is actually higher than other lenders. Also, if you do get a loan with them, make sure you read the fine print, as there are many "non-kosher" clauses in their agreement that will make you think twice.
These reviews were written by current and former borrowers in the last year.
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**Annual Percentage Rates, terms of loan, and monthly payments presented are estimated and were created based on analysis of information provided by the consumer and available rate information from lenders. While efforts have been made to maintain accurate information, the loan information is presented without warranty and the estimated APR or other terms presented do not bind any lender. Lenders generally have a range of available APRs (for example, a lender’s range might be 2% to 12%) and only borrowers with excellent credit will qualify for the lowest rate available. Your actual APR will depend upon factors evaluated at the time of application, which may include credit score, loan amount, loan term, vehicle information, credit usage and history. All loans are subject to credit review and approval. Additionally, model year, loan-to-value, minimum loan balance mileage, income, debt, etc. restrictions may apply. When evaluating offers, please review the lender’s Terms and Conditions for additional details.
interest is too high
I had a great credit score but still received a loan with a higher interest. Check around
Who did you go with?
Honestly probably one of the easiest personal loans I've ever gotten. Money was in my account within three days. The only thing that I'm not really happy about is I had a very high credit score around 786 and I got a higher than usual interest rate which didn't make me happy
I'm assuming that you were told what the interest rate would be before you signed on the dotted line?
GREAT to work with!
I am finishing up paying my second loan with SoFi and I can honestly say they have been nothing but GREAT to work with. I would refer them and use them again if needed!!! All the BEST to SoFi in the coming years for ALL you do for clients!!!
Neolithic Incompotence.........
I have been in the Mortgage Finance business for 24 years. I have a 787 Fico, 339k in income the last 3+ years, and only have 9k in credit card debt (Outside of a current Sofi Loan). I re applied to increase my loan amount as extra cushion for the current state of things. After three weeks of sending Sofi document after document, and sending the President an email regarding how bad their Underwriters are at reviewing what is being sent, I was declined for Ratios. My Debt To Income ratios are 19%, I know because Ijustr efinacned my own loan. Sofi is belligerent and dishonest, I have filed a claim with the CFPB. Lets see if Credit Karma actaully posts this review!
Kudos to you for an honest review!
Easy, quick and fair
Easy, quick and fair
Easy application with a great rate
I've had two loans with them and both times the process was very fast and simple. Everyone I dealt with during the application process was very professional. The rates were very good and made it easy to consolidate higher rate debt.
Excellent experience with everything SoF
I have had nothing but excellent experiences with SoFi. I have had a personal loan, student loan, and checking account through them. If you have any issues, you can get fast support via the Facebook group for members. They have treated us to local events for free like TopGolf. I highly recommend them.
Applying to SoFi is a Waste of Time
The people you deal with are amateurs. Its a mostly virtual company with people working from their homes well before COViD-19. The right hand doesn't know what they left hand is doing. In a second loan, they cost me $500 gave me a pre-approval, then reneged. I went to my local credit union and got approved. Then paid these shysters off. Stay away unless you are borrowing below 6%
I wouldn't recommend
No matter how high your credit is, their APR is not as advertised. In fact it is actually higher than other lenders. Also, if you do get a loan with them, make sure you read the fine print, as there are many "non-kosher" clauses in their agreement that will make you think twice.
Very quick and easy application and fund
I've had a few personal loans with SoF over the yearsi. All easy to apply for and get funded (ranged from $47 to 28K). Their rates have become less attractive over the years which is dissapointing considering rates have been declining during the same time.