SoFi Personal Loans Review
48 Customer Comments & 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. 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.
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48 Customer Comments & Reviews
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I was trying and trying hopefully then we come through for me
wow just wow credit score 780 debt ratio low and instantly denied what is up??
This company approved me for a loan. I electronically signed all of my documents and after I signed the documents they declined my loan. My husband was approved. My score is slightly higher than his, we both have 800 credit scores, my debt ratio is lower and my salary is $30k more than his salary. When I asked why I was declined after signing all of the loan documents they said they couldn't verify my identity. Very strange that this was the answer sent I sent them all the same documents that were sent in for my husband plus I sent in extra documents. Not sure about how they decide on who they will approve for a loan. I received numerous apologies each time I called but no one attempted to... Read More
They did a"soft pull" on a loan app that i didn't even finish. I got a email from sofi stating that thet declined my credit, and didnt give me a reason. At the bottom had my credit score above 750 for experian. What a joke...
Just had my loan funded with Sofi.com and direct deposit only took 1 day. The approval process took a week longer than I thought, but well worth the wait. I'm saving hundreds of dollars with a personal loan refinance. Great customer service. I'll definitely be back in the future.
I tried to set up an account.. entered my name .. after entering my SS# the program changed my name and address and would not allow me to change it back. then a customer support person asked me to send a copy of my drivers license to verify.. really?. If this company cannot associate my SS number with my legal name why in the world would i do business here?
I looked for many options to pay my high interest credit cards and was rejected for all expect the consolidation options that were not what I was looking for, until I found SoFi and they approved my application. Very good experience so far!!!!
I have a 750 credit score. I was pre approved. I make good income. They told me I would have an answer in 3 days. I was told this for 2 weeks, then denied. They said they couldn't verify my identity. I had to pay and get the right birth certificate for them. They had my Drivers license. I've lived at the same place for 50 years. Its a Crock. I will now go to my bank. I didn't this because it was suppose to be quick.
Poor website performance. I tried to upload documents (on two different browsers) and the website kept faulting. Then I tried to remove my documents and the website would not allow me to. I gave up trying to apply for a loan and then 3 months later SoFi pulled my credit report and provided me with a letter denying my loan request. SoFi denied my loan request for a loan that I did not complete in my application process and I could not cancel the in-progress loan application. Poor performing company and poor performing process. I would recommend Lending Tree or Lending Club as they actually have customer service who will assist.
I recently attempted to obtain a personal loan from SoFi. After filling out the short application, they sent me a "pre-approval" and a guaranteed "low rate." They then asked me to send in very personal information such as my driver's license picture and birth certificate copy. After sending them current pay stubs and last year's W-2 they said that I was denied for the loan. I have a 756 FICO score and no late payments on my credit report including owning a home. I earn a very solid six figure income and was looking to consolidate some credit card debt to one simple payment. After denying my loan they sent me a link to one of their "affiliate" websites Avant where they would get me a... Read More
- Our #1 choice for borrowers with excellent credit
- Up to $100,000 for debt consolidation, home improvements & more
- Zero fees of any kind
- As low as 5.95% fixed or 5.825% variable (with AutoPay)
- Loan terms of 3-7 years
- SoFi borrowers improved their credit scores by paying off credit card debt*