What SoFi offers
SoFi is worth comparing when you need a larger unsecured personal loan. Eligible borrowers can request up to $100,000 in most states. The final offer determines the rate, fee and repayment cost.
SoFi offers personal installment loans for uses such as debt consolidation, home improvements and medical expenses. Its published range starts at $5,000 in most states. The support page lists terms from two to ten years, but an available term is not an approval promise. Eligibility depends on the lending state, income, credit history and other underwriting checks. Compare the amount you need with the actual cash you receive and the full amount you must repay.
Four details that shape the decision
Published terms checked November 2, 2026. The offer you receive controls your actual pricing.
Up to $100,000
A $5,000 to $100,000 range in most states.
The approved amount depends on eligibility and underwriting. A published maximum is not an amount every applicant can borrow.
Several term options
Published terms range from 2 to 10 years.
The support page lists 2, 3, 4, 5, 6, 7 and 10 years. Compare the monthly payment and total repayment for the terms in your offer.
Different fee options
Some offers have no origination fee.
Some applicants may choose a one-time origination fee for a lower interest rate. SoFi includes that fee in the total loan amount.
No prepayment penalty
Early repayment has no prepayment penalty.
Ask for the current payoff amount before making the final payment. Compare the payoff with the remaining scheduled payments.
Pros & cons
Pros
- Eligible borrowers can request up to $100,000 in most states.
- Published repayment terms include an option of up to 10 years.
- Some applicants receive an option without an origination fee.
- There is no prepayment penalty.
Cons
- The published minimum is $5,000 in most states.
- The final rate and available terms depend on individual underwriting.
- A fee-based offer requires a careful comparison of balance, proceeds and total repayment.
- Business expenses, post-secondary education and certain investment uses are excluded.
The offer options to compare
These are fee structures, not quoted rates. Compare the options SoFi actually presents to you for the same borrowing need.
SoFi plans at a glance
| Plan | Price (USD) | What is included |
|---|---|---|
| No-fee offer | Quote | No origination fee when this option is available. Compare its interest rate and total repayment. |
| Fee-based offer | Quote | A one-time origination fee may lower the interest rate. The fee is included in the total loan amount. |
No-fee offer
No origination fee when this option is available. Compare its interest rate and total repayment.
Fee-based offer
A one-time origination fee may lower the interest rate. The fee is included in the total loan amount.
SoFi at a glance
| Detail | What to know |
|---|---|
| Loan type | Unsecured personal installment loan |
| Published amount | $5,000–$100,000 in most states; approval required |
| Published terms | 2, 3, 4, 5, 6, 7 or 10 years |
| Origination fee | No-fee offers for some applicants; optional fee-based offers may lower the rate |
| Early repayment | No prepayment penalty |
| AutoPay reduction | 0.25 percentage point while qualifying automatic deductions continue |
| Eligibility | Lending state, age, eligible documentation, income and underwriting |
| Excluded uses | Business, post-secondary education, bridge loans and specified investments |
From borrowing need to written offer
Define the purpose and amount
Check that the expense is an allowed personal use. Start with the cash you need, rather than the largest amount available.
Check the eligibility conditions
Confirm that SoFi lends in your state and that you can meet the age, documentation and income requirements.
Compare available terms
Ask what each available term means for the monthly payment and total repayment. Use the same cash need for the comparison.
Read both fee structures
If you receive fee and no-fee options, check each interest rate, loan balance, cash proceeds and repayment total.
Confirm payment arrangements
Decide whether qualifying AutoPay fits your account setup. Keep the agreement and payment schedule after you accept.
How to compare the true borrowing cost
Use the figures in your written offer. A monthly payment alone does not show the origination fee or the full repayment amount. Compare fee and no-fee options for the same cash need and repayment period.
What reaches you?
Write down the amount available for your expense. Confirm whether the quoted loan balance includes an origination fee.
What will you pay?
Add the scheduled payments across the full term. Include any separately payable charge when comparing the two offers.
Compare total cost
Subtract the usable proceeds from the total scheduled repayment. Keep the fee and interest figures visible in the comparison.
| Figure | No-fee offer | Fee-based offer |
|---|---|---|
| Cash proceeds | Amount available for your purpose | Amount available for your purpose |
| Origination fee | Confirm $0 | Quoted one-time fee |
| Loan balance | Quoted starting balance | Balance including the financed fee |
| Scheduled repayment | Sum of scheduled payments | Sum of scheduled payments |
When SoFi belongs on your shortlist
Compare the offer, not just the maximum
SoFi
- Published maximum of $100,000 in most states
- Terms from 2 to 10 years
- No-fee and fee-based structures may be offered
Upstart
- Marketplace loans up to $75,000
- Published terms of 3 or 5 years
- Origination fees may reduce the proceeds
Upgrade
- Published maximum of $50,000
- Terms from 24 to 84 months
- Published origination fees deducted from proceeds
Approval, amounts and terms vary. Compare offers for the same cash need. Official information checked November 2, 2026.
Before you accept
Sources and editorial notes
We compared published information. We did not purchase or test this product. Ratings are editorial estimates. Checked November 2, 2026.
- SoFi personal loan basics — Loan amounts, terms, uses and fee options. Checked November 2, 2026.
- SoFi eligibility — Personal loan eligibility and state limits. Checked November 2, 2026.
- SoFi personal loans — Autopay discount conditions. Checked November 2, 2026.
- Upstart personal loans — Comparison of amounts, terms and fees. Checked November 2, 2026.
- Upgrade personal loans — Comparison of amounts, terms and fees. Checked November 2, 2026.
Alternatives
Upstart
Upgrade
OneMain Financial
Mariner FinanceFrequently asked questions
How much can I borrow?
SoFi publishes a $5,000 to $100,000 range in most states. Your approved amount depends on the applicable state rules and underwriting.
Does every SoFi loan have an origination fee?
No. Some applicants see a no-origination-fee option. Others may choose a one-time fee for a lower interest rate. Read the balance, proceeds and repayment figures on each offer.
What repayment terms does SoFi list?
Its support page lists 2, 3, 4, 5, 6, 7 and 10 years. Confirm which terms are available in your offer rather than assuming you can choose every published option.
Can I pay the loan off early?
SoFi states that there is no prepayment penalty. Request the current payoff amount and follow the payment instructions for your loan.
How does the AutoPay discount work?
Automatic deductions from a checking or savings account qualify for a 0.25 percentage-point interest reduction. If you stop the qualifying automatic payments, the reduction no longer applies.
Can I use the loan for my business or college tuition?
SoFi excludes business expenses and post-secondary education from this personal loan. Other exclusions include bridge loans and investments in real estate or securities. Confirm your intended use before applying.