SoFi Personal Loans Review

A bank personal loan from $5,000 to $100,000 with no late or prepayment fee, fixed from 6.49% APR, and an origination fee of up to 7% that you can avoid.

By Michael Hewitt, Founder & Editor-in-Chief. Rates last checked October 21, 2026.

Our verdict

SoFi's personal loan is a bank loan with no late or prepayment fees and fixed rates from 6.49% APR, but the range runs to 34.99%, and an origination fee of up to 7% comes out of what you receive. Check the APR for the term you would take before you rely on the floor, which needs autopay and member discounts.

Skip it if you need less than $5,000, want the money for post-secondary education, or would pay a high origination fee at your credit tier.

About SoFi Personal Loans

A bank personal loan from $5,000 to $100,000 with no late or prepayment fee, fixed from 6.49% APR, and an origination fee of up to 7% that you can avoid by choosing the no-fee option. SoFi Personal Loans is offered by SoFi Bank, N.A. (NMLS #696891). Member FDIC. We could not find a published customer rating for it on Trustpilot or the Better Business Bureau, so none is shown.

Best for: Borrowers with strong credit who want a bank, no late fee and a fixed term.

Editorial grade: B (composite score 73/100).

Highlights

Fixed 6.49% to 34.99% APR, including the 0.25% autopay and 0.25% member discounts, as published 21 October 2026
Origination fee 0% to 7%, deducted from the loan proceeds
$5,000 to $100,000 over 2 to 7 years, with funds as soon as the same day
Direct Pay to your creditors earns a further 0.25% discount when at least half the proceeds go to them

What we like

A bank originates the loan, and SoFi says no late or prepayment fees apply
The optional no-fee path means the origination fee is a choice, not a requirement
Rate checking is a soft pull and does not affect your credit score

Where it falls short

The 6.49% floor is reserved for the most creditworthy borrowers, and the range runs to 34.99%
An origination fee of up to 7% comes out of the proceeds, and it is the main driver of the APR at the top of the range
The loan cannot be used for post-secondary education expenses

Fees, minimums, and rates

Monthly fee: Origination 0%–7%, optional no-fee path. No late or prepayment fees. Minimum to open: $5,000 minimum loan. Rates and fees last checked on October 21, 2026.

How we reviewed it

This is a desk review: we have not opened an account with SoFi Bank, N.A. (NMLS #696891). Member FDIC. It is built from SoFi Bank, N.A. (NMLS #696891). Member FDIC's published rates, fee schedule and terms and from the public complaint record, and compared with the other products in the Personal Loans shortlist. The rubric is the same for every brand.

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Read our full editorial methodology for how we review products.