Loans (US)

How to apply for the SoFi Loan?

Learn how to apply for a SoFi Personal Loan and how to get the money you need with fast funding, competitive rates and some of the lower fees in the market!

SoFi Loan application: Easy and online financial solutions!

See how you can apply for the SoFi Loan online. Source: The Mister Finance.
See how you can apply for the SoFi Loan online. Source: The Mister Finance.

The SoFi Loan can be a great loan option for those with good credit scores. That is because this lender does not charge the high fees some similar lenders charge.

Also, you can get some benefits like unemployment protection and a 0.25% rate discount if you set up autopay. So, if you want to know more about how to apply for a loan with this lender, keep reading our post!




personal loans

Low APR No origination fee, no late payment fee, and more!

You will be redirected to another website

Apply online

See how to apply online for this loan. Source: Freepik.
See how to apply online for this loan. Source: Freepik.

So, to complete the application process for a loan with this lender, you can go to their website and see the loan offers you qualify for.

Moreover, before officially applying, you can check the loan options you can get with the personal information you provide.

Also, when you check your loan rate options, your credit score will not be affected. Then, you can provide your personal information to complete the official application and wait for a response.

Apply using the app

You can download the SoFi mobile app to manage your loans and apply for new loans. Also, you can see the other services offered by this company through the app. Then, you can provide the personal information required and complete your application through the mobile app.

SoFi Loan vs. Universal Credit Loan

Even though SoFi can have great loan options, it is always a good idea to look for other loan options in the market. Also, you might need a loan option that accepts lower credit scores. So, here is our comparison of SoFi with Universal Credit.

SoFiUniversal Credit
APRThe APR charged by this lender ranges from 4.99% to 19.63%.From 8.93% to 35.93%. APR charge.
LOAN PURPOSEAs a borrower, you can use a loan from this lender to pay for things related to your household, personal expenses, family-related expenses.This lender can help you pay off your credit card debts, use it for a business-related purpose, make home improvements, or any other large purchase.
LOAN AMOUNTSThe loan amount offered by this lender range from $5,000 to $100,000.You can receive between $1,000 and $50,000 as a borrower.
CREDIT NEEDEDThe credit score needed to qualify for a loan with this lender is at least 680 points.A credit score of at least 560 points may be required to qualify for a loan with this lender.
TERMSThe terms offered by this lender range from two to seven years from the date of the loan application.This lender’s loans have periods ranging from three to five years from the date of the loan.
ORIGINATION FEEThis lender does not charge an origination fee to manage your loan.This lender charges an origination fee that varies between 4.25 and 8% of the loan amount.
LATE FEEThere is no fee charged by this lender when borrowers make late loan payments.If you don’t pay your loans on time, you may be charged a late fee, which may vary based on the loan amount. 
EARLY PAYOFF PENALTYThere is no prepayment fee charged by this lender.This lender does not charge prepayment fees.

How to apply for Universal Credit personal loan?

Do you need a loan to pay off debt, make home upgrades, or pay for other expenses? Read more to know how to apply for a Universal Credit loan!

About the author  /  Victória Lourenço

Victória Lourenço is part of the finance writer team for The Mister Finance website. She is a translator and copywriter, having worked on finance topics for over four years. She has a goal to keep studying finances to help people learn more about how to use their credit cards, make loans, and use other money-related products in a way that they can find a more meaningful and healthy financial life!

Reviewed by  /  Aline Barbosa

Senior Editor

Trending Topics


Sam’s Club® Plus Member Mastercard® credit card full review

Check out the Sam's Club® Plus Member Mastercard® credit card review and learn about its benefits, such as reward program and no annual fee!

Keep Reading

How to apply for the Navyist Rewards Mastercard®?

Learn how to apply for the Navyist Rewards Mastercard® how to get discounts and points on your preferred in-store or online brands.

Keep Reading

New Chase Sapphire Reserve® benefits: Is it worth keeping it?

Do you want to learn about the new Chase Sapphire Reserve® benefits? If so, we can help you learn more about this card. Read on!

Keep Reading

You may also like


Learn to apply easily for QuickLoanLink

Do you need a loan for an emergency or other purpose? If you, you can find it with QuickLoanLink! Read our post to learn how to apply for QuickLoanLink!

Keep Reading

Cheap Frontier Airlines flights: Book flights for $19

Want to score a cheap flight on Frontier Airlines? Here's what you need to know about how their pricing system works. Find the best deals. Keep reading!

Keep Reading

How to invest with Qtrade Direct Investing: Maximize Returns

Begin your investment journey with Qtrade Direct Investing. Our guide covers the essentials, from setting up your account to using their intuitive platform and diverse investment tools for financial growth.

Keep Reading