CLEARBORROW · PUBLISHED NOVEMBER 12, 2026
SoFi personal loan review: rates, fees and minimum amount
SoFi lends $5,000 to $100,000 at fixed rates shown from 6.99% to 35.49% APR with its Autopay and member discounts, over 2 to 7 years. Some term options carry an origination fee of up to 7% in exchange for a lower rate; others have none. The $5,000 minimum makes it a poor fit for small emergencies.
Independent review. SoFi is not a ClearBorrow partner and we earn nothing from it. Facts come from SoFi’s own published pages, checked November 12, 2026; we did not apply for a loan. Terms differ by state.
On this page
Published terms
| Published terms | |
|---|---|
| Amounts | $5,000–$100,000 |
| APR | 6.99%–35.49% with 0.25% Autopay and 0.25% member discounts (varies by term) |
| Term | 2–7 years |
| Fees | Origination fee 0%–7% depending on the option chosen; no prepayment penalty |
| Lowest rates | Reserved for the most creditworthy borrowers and loans above $100,000, per one SoFi page |
Sources: SoFi rates ↗, SoFi comparison page ↗, relocation loans ↗.
What it costs
| SoFi example: $30,000, no-fee options | APR range | Monthly payment | Total payments |
|---|---|---|---|
| 3 years | 8.58%–35.49% | $948.14–$1,365.41 | $34,132.99–$49,154.90 |
| 5 years | 10.70%–35.49% | $647.79–$1,074.14 | $38,867.60–$64,448.26 |
| 7 years | 13.10%–35.49% | $547.39–$971.20 | $45,980.86–$81,581.10 |
Figures from SoFi’s own table (SoFi ↗). The spread shows how much your credit profile matters: the same $30,000 over 7 years can cost $46,000 or $81,600.
Strengths and weaknesses
| Strengths | Weaknesses |
|---|---|
| Large amounts, up to $100,000 | $5,000 minimum |
| No-fee options available | Fee options of up to 7% can be easy to miss |
| Discounts for Autopay and SoFi membership | Advertised low end assumes all discounts |
Who it may fit
Good-credit borrowers who need $5,000 or more, especially for debt consolidation or a large planned cost. For smaller sums see our $3,000 and $5,000 guides.
Alternatives to compare
- Credit union loans and PALs — often the cheapest option if you are a member.
- Best Egg, SoFi and LendingClub for good credit.
- Upstart, Upgrade, Avant and OneMain for fair credit.
- Our loan calculator to compare total repayment.
Questions
What is SoFi’s minimum loan?
$5,000.
Does SoFi charge an origination fee?
Only on some options: SoFi lets borrowers choose a fee of up to 7% for a lower rate, or no fee.
Do I need to be a SoFi member?
No, but the advertised lowest APR includes a member discount.
Sources and limits
- SoFi: personal loan rates and terms ($30,000 payment examples) ↗
- SoFi: personal loans vs home equity (minimum amount, fee range) ↗
- SoFi: relocation loans (amounts, origination fee 0%–7%) ↗
Sources checked November 12, 2026. Lenders change rates, amounts and state coverage; confirm on the lender’s own rates page for your state before applying. Worked examples are our own arithmetic unless marked as the lender’s published example. How we use sources.