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Compare Discover vs. SoFi Personal Loans

What’s the difference between Discover Personal Loans and SoFi Personal Loans? See how our editors compare the two companies below.
Last Updated: November 19, 2017
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Discover Personal Loans
9.5 / 10 - Excellent
#6 in Personal Loans
SoFi Personal Loans
9.7 / 10 - Excellent
#3 in Personal Loans
vs

Key Facts

  • Fixed-rate personal loans up to $35,000
  • Check your rate with no impact to your credit
  • No origination fees. No closing costs. No pre-payment penalties.
  • Loan terms from 36 to 84 months
  • Rates ranging from 6.99% to 24.99% APR
  • Funds sent the next business day after you accept loan.
     
  • Our #1 Choice for Borrowers with Excellent Credit
  • Up to $100,000 for Debt Consolidation, Home Improvements & More
  • No Origination Fees or Pre-Payment Penalties, Unemployment Protection
  • As low as 5.49% Fixed or 5.17% Variable (with AutoPay)
  • Loan terms of 3-7 years
  • SoFi Borrowers Improved Their Credit Scores Paying Off Credit Card Debt*

ConsumersAdvocate.org Ratings

9.5 / 10 - Excellent
9/10
Loan Basics
9/10
Service Features
10/10
Qualification
10/10
Additional Fees
10/10
Customer Experience
9.7 / 10 - Excellent
10/10
Loan Basics
10/10
Service Features
9/10
Qualification
10/10
Additional Fees
10/10
Customer Experience

Customer Reviews

 (22)
4.4 / 10 - Average
32%
5 stars
9%
4 stars
5%
3 stars
0%
2 stars
41%
1 stars
 (84)
7.2 / 10 - Very good
52%
5 stars
17%
4 stars
10%
3 stars
1%
2 stars
20%
1 stars

Final Verdict

SoFi Personal Loans has a higher overall rating than Discover Personal Loans. SoFi scores better than Discover across: Loan Basics, and Service Features. However, Discover scores better on Qualification. Both companies score similarly on Additional Fees, and Customer Experience.


Latest Reviews

C
Christopher
Manassas, Virginia
11/19/2017
Discover Personal Loans review
Welcome To Mr. Christoper Herman Loan Service… Are you a business man or woman? Are you in any financial mess or do you need funds to start up your own business? Do you need a loan to start a nice Small Scale and medium business? Do you have a low credit score and you are finding it hard to obtain capital loan from local banks and other financial institutes?. Our loans Are well insured for maximum security is our priority, Our leading goal is to help you get the service you deserve, Our program is the quickest way to get what you need in a snap. Reduce your payments to ease the strain on your monthly expenses. Gain flexibility with which you can use for any purpose – from vacations, to education, to unique purchases We offer a wide range of financial services which includes: Business Planning, Commercial and Development Finance, Properties and Mortgages, Debt Consolidation Loans, Business Loans, Private loans,car loans, hotel loans, student loans, personal loans Home Refinancing Loans with low interest rate @2% per annual for individuals, companies and corporate bodies. Get the best for your family and own your dream home as well with our General Loan scheme. Interested applicants should Contact us via email: (christopherhermanloans@gmail.com ) or call +1-484 325-5748


Ohene A
Johannesburg, Gauteng
11/18/2017
SoFi Personal Loans review
I am Johnson Williams a Legitimate And a Reputable money Lender. We are dynamic company with financial assistance.We loan funds out to individuals in need of financial assistance at 3% interest rate, that have a bad credit or in need of money to pay bills,to invest on business.Email: williamsloans6@yandex.com FILL OUT THE BORROWERS DATA BELOW. Your name :__________ Sex: ______________ Your country :_______________ Your address :_________________ Your profession :_________________ Your marital status :_________________ Current status of the workplace :____________ Mobile number :________________ Monthly Income :______________ Amount Needed :______________ Loan Duration :_____________________ Zip :____________________ Purpose of loan :____________________ the site you got my advert :____________________ E-mail :_____________________ Johnson Williams Finance service include; Refinance,Home Improvement,Investment Loan,Auto loans,Debt Consolidation,Line of Credit,Second Mortgage,Business Loans, Personal Loans,Car Loan. Email: williamsloans6@yandex.com Thanks. Mr. Johnson Williams (C.E.O)


S
Steven W
Santa Clara, California
11/17/2017
Discover Personal Loans review
We are Currently offering a floating loan scheme at interest rate of 2% with proper valid ID. You can send your loan request for any amount of loan you need. We offer loans ranging from $5,000.00 USD Min. $50,000,000.00 USD Max. We long-term credit from five (5) to fifty (50) years maximum. We give the following type of loan: Project loan, Refinance loan, business investment loans, car or vehicle Loans, Student loan, debt consolidation, housing Loans, Personal loans, travel and vacation loan, Christmas and new year loan. Our company also need a person that can be our company representative in your country. Contact our STEVEN WILLIAMS FINANCIAL LOAN FIRM office via email: stevenwills0001@gmail.com If you are interested in our financial offer and wants to acquire a loan from us, contact us and give us the details below, and that will be needed to initiate the loan sum accordingly. Name: ___________________________ Name: ____________________________ Gender: _______________________________ Marital status: _______________________ Contact Address: ______________________ City / Zip: ________________________ Country: ______________________________ Date of Birth: ________________________ Amount Needed as Loan: ________________ Loan Duration: ________________________ Monthly Income / Yearly Income: _________ Occupation: ___________________________ Purpose for Loan: _____________________ Phone: ________________________________ Fax: __________________________________ In recognition of these details will be sent a well calculated Terms and Conditions including the agreement. Thank you for your patronage! Best Regards, STEVEN WILLIAMS FINANCIAL LOAN FIRM Email: stevenwills0001@gmail.com Website: http://stevenwilliamsfinancialloanfirm.webs.com/ Facebook Page: Steven Williams


N
Norman
Costa Mesa, California
11/16/2017
SoFi Personal Loans review
Hello, Here comes an Affordable loan that will change your life for ever. I am Mr Norman Erasmo a certified loan lender, I offer loan to individual and public sector that are in need of financial Assistance in a low interest rate of 2%. Bad credit acceptable,The Terms and Conditions are very simple and considerate. You will never regret anything in this loan transaction because i will make you smile. I Mr Norman Erasmo, will render the best of my services to all legitimate borrowers. You will never be disappointed by me in this transaction because you were not born to be a loser. Any interested clients should contact me Asap via Email:(normanerasmo@outlook.com) for further proceeds. Please fill the below application form and get back if interested and you will be glad of knowing a loan lender like Mr Norman Erasmo BORROWER’S DATA 1. Full Names:............................ 2. Contact Address:....................... 3. Loan Amount Needed:.................... 4. Duration of the Loan................... 5. Direct Telephone Number:................. 6. Country:................... I will be looking forward to hear from you so as to proceed. Kind Regards


X
XianGaM
Chicago, Illinois
8/23/2016
Discover Personal Loans review
Quick and easy process auto-pay and no surprises works good for me


C
Credit A
Haskell, Oklahoma
6/29/2016
Discover Personal Loans review
I was quickly approved for a loan that I will be using to consolidate of a couple of credit cards. Process went very smoothly! I will be able to make one payment at a much lower interest rate now! Very happy with that. For those that are not getting approved, it is not the company....it is more than likely your credit history. If you are someone who pays your bills on time and have a decent income to debt ratio you should be just fine. If you have a crappy credit score.....good luck.


P
Peter
Tampa, Florida
12/23/2015
SoFi Personal Loans review
The sofi rates are competitive. The online process is easy and you can get pre-qualified without impacting your score. I got approved in a day or so for to refinance credit card debt. Unlike other refinancing options this one also offers a freeze on commitments in the event you lose your income. This is reassuring. Its worth looking into, to reduce interest charges and possibly help to improve your score along the way. This is particularly encouraging as credit card rates are going to be on the upswing going forward.. Get more details here: http://www.sofi.com/refer/148/49352


D
DonaldB
Lubbock, Texas
12/14/2015
SoFi Personal Loans review
Loan for $50,000.00 was denied. Although I have a great history of making payments to my outstanding loans, my Expense to Income ratio shows that I am paying at least 55% of my income compared to my income. The reason given was that the underwriter determined that they couldn't be assured that I would use the funds that would be deposited to my bank account would be used to pay down my credit cards. I also indicated that I would pay an additional amount over and above the indicated monthly payment for a 7 year loan. I think this is a downfall for the underwriters which could easily make direct payments to the merchants and they would know where the funds went. This information could come from the applicant as the amount which would go to each creditor. I'm am disappointed.but the score I gave is for the underwriters and not against SOFI. They were very helpful and had a good process for applying for a load.