Compare Discover vs. SoFi Debt Consolidation Loans

What’s the difference between Discover and SoFi? See how our editors compare the two companies below.
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Discover
9.6 / 10 - Exellent
#2 in Debt Consolidation Loans
SoFi
9.6 / 10 - Exellent
#3 in Debt Consolidation Loans
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Key Facts
  • Lock in lower fixed rate
  • Make only one payment per month
  • Systematically erase up to $35,000 of your higher interest debt
  • Rates ranging from 6.99% to 24.99% APR
  • Payment plans from 36 to 84 months
  • Debt consolidation calculator
  • Fixed rates from 5.95% to 14.24% APR
  • No origination fees or pre-payment penalties
  • Borrow from $5,000 up to $100,000 at fixed rates
  • Sign documents electronically and receive funds directly to your account
  • Simple online application and quick pre-approvals
  • Personal loan calculator
ConsumersAdvocate.org Ratings
9.6 / 10 - Exellent
9/10
Company Profile
10/10
Loan Basics
9/10
Additional Fees
10/10
Qualification
9/10
Application
10/10
Services and Features
10/10
Customer Support
9.6 / 10 - Exellent
9/10
Company Profile
10/10
Loan Basics
9/10
Additional Fees
10/10
Qualification
10/10
Application
9/10
Services and Features
10/10
Customer Support
Final Verdict

Discover and SoFi are very close in quality and have the same overall rating. That said, Discover scores better than SoFi across: Qualification, and Services and Features. Whereas, SoFi scores better on Application. Both companies score similarly on Company Profile, Loan Basics, Additional Fees, and Customer Support.