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Review · Terms verified 2026-10-05
SoFi Personal Loans review
Verified Oct 5, 2026Fixed-rate unsecured personal loans from SoFi Bank, N.A., with the lowest starting APR among bank lenders we verified and no late fees.
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Unpack Money score: 90/100
SoFi's personal loan pairs the lowest starting APR among bank lenders we verified (6.99%) with the most borrower-friendly fee structure in our set: no late fees whatsoever, and a genuine no-origination-fee option for borrowers who'd rather not have 7% skimmed off their proceeds. Same-day funding rounds out a package that has no obvious trap.
The fine print worth reading: the advertised 6.99% reflects both a 0.25% autopay discount and a 0.25% SoFi Plus member discount, so the rate you'll actually be quoted depends on enrolling in both. And the range runs to 35.49% at the top — the rate floor is excellent, but the ceiling is not. Check your rate (soft inquiry) and read the offer before you sign.
What we like
- Lowest minimum APR among bank lenders we verified (6.99%)
- No late fees whatsoever
- Same-day funding
- No-origination-fee option available
Watch out for
- Origination fee up to 7% if you don't choose the no-fee option
- Top APR of 35.49% is steep for weaker credit
- Lowest rates require autopay and SoFi Plus membership
FAQs
What is the APR range?
How much can I borrow, and for how long?
Are there late fees or origination fees?
Sources
Every term on this page was verified against the provider's official website on 2026-10-05. We never use aggregator sites as sources.