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SoFi

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Rating

4.4/5

SoFi

Pros

  • Zero Fees Structure: No origination fees, late fees, or prepayment penalties on personal loans

  • Unemployment Protection: Offers loan forbearance and job placement assistance if members lose jobs

  • High Loan Limits: Maximum personal loan amount of $100,000 exceeds most competitors

Cons

  • Strict Requirements: Minimum credit score of 680 and higher income requirements than competitors

  • Limited Flexibility: No secured or co-signed loan options for personal loans

  • Funding Time: Can take up to 7 days for funds to be available

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SoFi

Logo

Rating

4.4/5
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