SoFi Personal Loans Review
SoFi Personal Loans Review
ConsumersAdvocate.org
54 Customer Reviews - see all comments
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SoFi is the second largest marketplace lender around today, providing student loan refinancing, mortgages, and personal loans.
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With over $14 billion in loans issued to date, SoFi offers some of the most attractive rates in the industry. They can do this given their nontraditional underwriting approach that takes into account merit and employment history, among other factors.
- Loan Amount: %{loan_amount_range}
- Fixed Rates: %{apr_range}
- Loan Term: %{loan_term_range}
- Sample loan: a four-year $20,000 loan with an interest rate of 15.49% and an APR of 18.34% will require an estimated monthly payment of $561.60 and a total cost of $26,956.57.
Rates as of %{rates_as_of}
Latest SoFi Reviews
Horrible experience! We wouldn't recommend to anyone. Enough said, don't use them.
Horrible experience! We wouldn't recommend to anyone. Enough said, don't use them.
These people STOLE my investments, saving and checking without reason. They refuse me access to my own money for 30+ days without an explanation. They are the worst choice you could make in terms of banking.
I mailed payment in full on October 28th with expected delivery date of October 30th. They claim they received the check after business hours on October 31st and posted to my account November 1st. They reported me to credit bureaus past due 30 days instead of paid in full for October. Haven't had a late payment on any account in around 15 thus this dropped my credit 80 points. They don't care and won't do anything to fix it. Wouldn't recommend this company to my worst enemy. They have no compassion for their consumers and won't look at strange circumstances like this from an individual perspective. Ruined my credit when they really didn't have to.
Quick and very supportive- Won't make loan until 3 payments are made on existing loan. Customer service is good
I currently have a high 700s credit score, 6 figure income, and provided them with the large amounts of documentation before cancelling my loan request. The last straw is when they asked for someone from my place of work to verify employment and subsequently started spamming him even after he responded with the form they wanted filled out completed. Not a good experience at all and embarrassing. I applied at Lightstream loans earlier this afternoon and have already gotten my acceptance, account setup for loan dispersement, and a lower rate to boot. I really wish I didn't start with SoFi.
I disagree with the negative reviews on SoFi. The process for me was absolutely phenomenal! The rate offered preliminarily was the rate that we closed at. If you give them factual information upon which to base the terms, they are true to their offer. The only suggestion I would make to them would be to add an automatic notification system in place for when the status of the loan application changes. I figured out that you have to log in to check the status but it moved really quickly. From the date that I requested the preliminary offer to the date that the (substantial) amount was in my bank account, took only 6 business days, and would probably have been sooner if I did not miss t...Read More
im a single mom of three kids and struggling to find a job it is christmas time and stressing out, i got bills and rent and so much other issues i need to take care of i need and want to provide my family things they need an want, these times can be hard, i have never been in this situation, could really use the help. all 3 of my kids are on the boarder of autism and my baby is sick, it would be a miracle to be able to get this loan. thanls for your time.
Helpful and very on time with the loan I am very please
D with this offer
Good Experience with the website.
We are look requesting the refinance a church mortgage.
I think that the rating are fair an the rates are ok also.thats y I pick this
This company is very good and helpful to people
very good and helpful
Clean site--easy to navigate. I'm looking forward to the end; I know I'll find their high quality standards there also. I hate writing reviews, but this one was easy because of their well ordered content with its easy to read information.
So far it's informative & helpful.
Loan process was simple and fast. Needed the loan to payoff a higher interest loan. Will recommend!
loan process started easy and pain free.
I found the process to be simple and easy. I would recommend Sofia Personal Loans to my friends.
Easy application. Can finally get to living within my income
I was skeptical after reading some of the reviews. Credit Karma had my Score in the mid 600s due to a foreclosure over 3 years ago and high credit card debt. I submitted all of my information to get a personal loan for a large purchase. I submitted all of my income information - paystubs, year end paystubs, w-2s, & driver's license for personal verification. I was notified of approval within a few hours and signed the paperwork by the end of the day. The rate was under 10% with auto debit which is quite good for an unsecured loan. The next day I received a verification call and the loan funded that evening. My actual score was 745 and I was unbelievably surprised by how quick and e...Read More
I got the 'pre-approved' notice also. I thought great, I can consolidate all my small debts and make jus one payment a month, yay. Unfortunately, the pre-approved was a scam to get you onto their site. I fell for it. Logged in, set up an account and filled out the information as requested. My pre-approved status turned into a sorry, we cant help you but go to this other place who wants to charge you a 36% interest rate. I contacted several people at SoFi concerning this. If I am pre-approved, why will they not make the loan. I have a good credit score and a full time job making decent money. I was told that the majority of the people who actually get loans from SoFi make $100,000...Read More
Excellent rating for personal loans
They. Treat u fare
Excellant professional.
Great that I can get a loan for important items. Thanks for all your help.