MoneyLion vs SoFi

MoneyLion is a costly credit builder loan with membership fees and high APRs. How does it compare to SoFi? Read our comparison chart below.

	MoneyLionDaveRobinhood
	Learn More	Learn More
	MoneyLion	SoFi
	SPECIAL OFFER Referral Program - $10 Bonus - Learn More Read MoneyLion Review	OFFER Refinance Student Loans - Learn More Read SoFi Review
	Benefits and Features
Savings		Up to 4.60% APY
CD		N/A
Checking		0.50% APY on checking balances with direct deposit activity or qualifying deposits
Mobile App	Yes
	CreditDonkey® Reviews
Credit Building Tools
Credit Bureaus Reporting
Fees
Mobile App
Eligibility
Interest Rates
Pros & Cons	Pros: Access your loan funds upfront Reports to 3 credit bureaus Free credit monitoring Cons: $19.99/month membership fees Not available in all states	Pros: Competitive, fixed rates Low fees No collateral Cons: Slower underwriting process High standards for borrowers
Bottom Line	Costly credit builder loan with membership fees and high APRs... Read full review	Personal loans with low APR and fees. Must have good credit to qualify... Read full review
	Referral Program - $10 Bonus	Refinance Student Loans Personal Loans: Borrow Between $5k-$100k Active Investing with SoFi
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Which is Better: MoneyLion or SoFi?

Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing MoneyLion or Chase.

In short: SoFi's fees is noteworthy.

Articles on MoneyLion

MoneyLion Credit Builder Review

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MoneyLion is a good app that offers a $500 cash advance. Not quite enough for you? Here are other similar cash advance apps to look at.

Articles on SoFi

SoFi Personal Loan

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• SoFi vs Robinhood

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SoFi is an online bank offering checking and savings accounts. But does it have physical branches? Keep reading to find out.

SoFi High Yield Savings Review

Want a high APY and easy access to your money? Get the best of both worlds with SoFi's Checking and Savings account.

SoFi Mortgage Review

Thinking about buying a home or refinancing your existing mortgage? Is SoFi a good online lender or should you stick with a traditional bank? Read on for the pros and cons.

Which Do You Think is Best?