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SoFi

SoFi Promotions

Read our in-depth review of SoFi to see why SoFi scored 3.8 stars out of 5. We like their competitive, fixed rates, low fees, and no collateral.

Active Investing with SoFi

Download App and Get 1,000 SoFi Points

Download the app to get 1,000 SoFi points. Redeem points for cash, crypto, fractional shares, eligible SoFi loan payments, or SoFi credit card statement credits.

Sofi Checking and Savings

  • Up to 4.50% APY with direct deposit
  • $0 monthly fees
  • No minimum balance
  • Get paid 2 days early
$250

SoFi Checking and Savings Account - $250 Bonus

Set up at least one eligible direct deposit of $5,000 or more in your new or existing SoFi Checking and Savings account. Direct deposit must be received before the end of the promotion period. This offer is valid for new or existing customers who do not have any history of direct deposit transactions into their SoFi Checking and Savings account.

Expires 12/31/2023
$100

SoFi Invest - Up to $100 Bonus

Open a new SoFi Digital Assets LLC account. Buy at least $50 worth of any cryptocurrency within 7 days of account opening. Offer is valid to new accounts only. Limited to one per person.

First Trade AmountBonus Payout
$50 - $99.99$10
$100 - $499.99$15
$500 - $4,999.99$50
$5,000+$10

Expires 12/31/2023
$50

SoFi Checking and Savings Account - $50 Bonus

Set up at least one eligible direct deposit of $1,000 - $4,999 in your new or existing SoFi Checking and Savings account. Direct deposit must be received before the end of the promotion period. This offer is valid for new or existing customers who do not have any history of direct deposit transactions into their SoFi Checking and Savings account.

Expires 12/31/2023

 SoFi Student Loans
 Learn More
 

SoFi Student Loans

Variable APR5.74% - 9.99% APR (with AutoPay)
Fixed APR4.99% - 9.99% APR (with AutoPay)
Minimum Amount$5,000 (may be higher depending on state)
Maximum Amount
No maximum
Loan Term
5 to 20 years
State Residency
All states eligible
Degree Requirements
Associates or higher
Income Requirements
None
Employment RequirementsMust be employed or have an offer to start within 90 days
Interest Only Payments
No
Origination Fees
None
Prepayment Penalty
None
Can Use a Cosigner
Yes
Can Release a Cosigner
No
Auto-Pay Interest Rate Reduction
Yes
Soft Credit Check
Yes
Unemployment Protection
Yes
Customer ServiceStarStarStarStarHalf Star
Loan TermStarStarStarStarHalf Star
Ease of UseStarStarStarStarStar
Interest RatesStarStarStarStarHalf Star
Payment FlexibilityStarStarStarStarEmpty Star
 Learn More
Terms Apply. SoFi Disclaimers

SoFi: Pricing information from published website as of 5/9/2023


SoFi Wealth Management


Articles on SoFi

SoFi Personal Loan Review

SoFi offers unsecured personal loans if you need to borrow money ASAP. But is it legit (or not)? Learn how SoFi personal loans actually work.

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.

Recent Mentions

Personal Loans with No Origination Fees

Personal Loans with No Origination Fees

The best personal loans with no origination fees include SoFi, PenFed, and Discover. Here's what makes them stand out.
Best Reward Checking Accounts

Best Reward Checking Accounts

Rewards from checking accounts are a great way to soften the blow from a recent purchase. But with so many available, where do you even start?
Best Savings Accounts for College Students

Best Savings Accounts for College Students

Kickstart your savings journey as a student. Discover the best savings accounts with high APYs to give your savings a boost.
Personal Loans for Students

Personal Loans for Students

Need extra cash but you're still a student? Personal loans let you borrow money fast and easily. Find out how they work and what your best options are.
Personal Loans for Single Mothers

Personal Loans for Single Mothers

Have the bills caught up to you? Here's a list of the best personal loans for single mothers. Read on and choose what fits your needs.
Best Money Borrowing Apps

Best Money Borrowing Apps

Money borrowing apps can be your saving grace when you're strapped for cash. But how much can you borrow? Are these apps legit? Read on.
Best Cash Management Accounts

Best Cash Management Accounts

Cash management accounts combine the features of savings, checking, and investment account. Compare the best cash management accounts in this guide.
SoFi Invest Review

SoFi Invest Review

Do you want the commission-free trades but need a little more guidance? Then SoFi Invest might be just what you need.
Prosper Personal Loan Review
Prosper

Prosper Personal Loan Review

Prosper offers peer-to-peer personal loans at fairly low APRs. Before applying, find out if you'll qualify and who Prosper loans are best for.
Upstart Personal Loan Review
Upstart

Upstart Personal Loan Review

Upstart offers personal loans for fair-credit borrowers. Before applying, find out if it's reliable, how it affects credit, and who gets approved.
Best Egg Personal Loan Review
Best Egg

Best Egg Personal Loan Review

Best Egg has personal loans starting at just $2,000. You need good (or great) credit, but Best Egg has a lot to offer if you qualify.
I Need Money

I Need Money

Strapped for cash? There's ways to get back on track. Here are 40 reliable ideas to earn money this week, today, and right now.
Best Personal Loans for Debt Consolidation

Best Personal Loans for Debt Consolidation

A personal loan can help with a specific financial goal or save you from high interest credit card debt. Find the best lender for you, even with poor credit.
Prosper Review: Is It Good?

Prosper Review: Is It Good?

Prosper is a peer-to-peer lending platform for people who might not qualify for bank loans. But is it a legit choice for you? We cover the benefits and problems you might face.
Best Student Loan Refinance

Best Student Loan Refinance

What is the best company to refinance student loans? Read this guide to compare interest rates and find out if it is still a good idea.
10 Grants to Pay Off Student Loans

10 Grants to Pay Off Student Loans

It's possible to pay down student loans without money from your own pocket. Graduates in certain fields have free money waiting for them. You just have to know where to look.
SoFi Review: Student Loan Refinance Worth It?

SoFi Review: Student Loan Refinance Worth It?

Is student loan refinancing a good idea? Is SoFi legit? Is NOW a good time to refinance? Read on. The answers may surprise you.
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About CreditDonkey
CreditDonkey is a student loan comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: Many of the offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.

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