SoFi Loans Review: One-Stop Shop to Spend, Save, Borrow.
I refinanced through Sofi about 3 years ago, then recently compared quotes from Earnest, ELFI, and Sofi, went with ELFI who gave me the lowest fixed rate. IMHO, the lowest rate is the best choice, only time this would change is in the case of federal loans who may offer loan forgiveness.

SoFi offers some of the lowest interest rates for student loans, mortgages, and personal loans. Negative reviews result from a higher-than-average rate of application rejections. Part of the reason SoFi has such low rates is its stringent membership requirements.

E-LOAN - Read unbiased reviews of E-LOAN. Advertiser Disclosure: The offers that appear on this site are from third party advertisers from which Credit Karma receives compensation.

SoFi is the more commonly known name for the personal finance company Social Finance, Inc. SoFi was founded by four Stanford School of Business students Dan Macklin, Ian Brady, James Finnigan, and Mike Cagney in 2011 to help with mortgages, personal loans, and student loan refinancing. The four founding members wanted to find a way to make the debt from higher education easier to manage for.

See reviews below to learn more or submit your own review. SoFi offers financial services, including borrowing, investing and saving. Borrowers can receive personal loans, home loans, private.

SoFi loans have flexible repayment periods ranging from 36 to 84 months. Borrowers can set up automatic electronic payments via ACH. Payments start no sooner than 15 days after receiving funds and no later than 45 days after disbursement. Best of all, setting up automatic payments will earn a 0.25% discount on your rate. With the unemployment protection, in the event of losing your job, SoFi.

SoFi has an A rating with the Better Business Bureau. In 2019, the Consumer Financial Protection Bureau received 27 personal-loan-related complaints about SoFi. The most common issues were related to getting a loan, getting charged unexpected fees, problems paying and issues with the payoff process. SoFi provided a timely response to the CFPB for all complaints.