Compare Discover vs. SoFi Debt Consolidation Loans

What’s the difference between Discover and SoFi? See how our editors compare the two companies below.
Last Updated: January 05, 2018
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Discover
9.4 / 10 - Excellent
#5 in Debt Consolidation Loans
SoFi
9.6 / 10 - Excellent
#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 5.70% - 14.24% APR (with AutoPay)
  • 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

9.4 / 10 - Excellent
7/10
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 - Excellent
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

Customer Reviews

 (2)
10.0 / 10 - Excellent
100%
5 stars
0%
4 stars
0%
3 stars
0%
2 stars
0%
1 stars

Final Verdict

SoFi has a higher overall rating than Discover. SoFi scores better than Discover across: Company Profile, and Application. However, Discover scores better on Qualification, and Services and Features. Both companies score similarly on Loan Basics, Additional Fees, and Customer Support.


Customer Comments & Reviews

J
jimmy
Riverdale, Georgia
8/6/2017
Discover review
need help with discoer


M
mariodeleon3@hotmail.com
Brownsville, Texas
6/5/2017
Discover review
consolidate present current debt and payoff charge offs