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Compare Fiona vs. SoFi Personal Loans

What’s the difference between Fiona Personal Loans and SoFi Personal Loans? See how our editors compare the two companies below.
Last Updated: June 13, 2025
Fiona Personal Loans
4.2 / 5 - Excellent
#4 in Personal Loans
SoFi Personal Loans
4.2 / 5 - Excellent
no_rank
vs

Key Facts

  • Loans from $1,000 to  $250,000 available
  • Rates from 2.49% to 35.99%APR 
  • Loan terms from 2 to 7 years
  • See if you're pre-approved instantly. Loan search is free and will NOT affect credit score.
  • Use the funds for debt consolidation, home renovation, large purchases, unexpected expenses and more.
  • Funding as soon as next business day.

Sample loan: a four-year $9,500 loan with an interest rate of 15.49% and an APR of 18.34% will require an estimated monthly payment of $266.76 and a total cost of $12,804.37.

  • Loan Amount: $5,000 - $100,000
  • Fixed Rates: 8.99% -35.49% APR (with all discounts)
  • Loan Term: 24 - 84 months
  • Sample loan: a four-year $20,000 loan with an interest rate of 15.49% and an APR of 18.34% will require an estimated monthly payment of $561.60 and a total cost of $26,956.57.

OVERALL RATINGS

 FionaSoFi
Flexibility4.0/54.0/5
Interest Rates4.5/54.0/5
Discounts & Fees4.0/54.5/5
Customer Service and Reputation4.5/54.5/5

Fiona Loan Specifics

Loan Uses

 FionaSoFi
Debt/Credit Card Consolidation
Buy Home
Major Purchase
Home Improvement
Medical Expenses
Wedding
Moving/Relocation
Vacation
Start Business
Education
Taxes
 FionaSoFi
Loan Minimum
$1,000.00
$5,000.00
Loan Maximum
$250,000
$100,000
Term Length
2 to 7 Years
2 - 7 years
Direct Deposit
Yes
Yes
Pay Creditors Directly
Yes
No
Decision Time
Just a few minutes
Disbursement Time
Next business day
A few days
Credit Insurance
Yes
No
Unemployment Protection
Yes
Yes

Representative Loan Sample

A customer who borrows $5,000 on a 36-month repayment term and at a 10% APR will make monthly payments of $161.34. Total repayment will be $5,808.24. Total interest paid will be $808.24.
This loan sample considers the APR, monthly payment, and total payments for a $30,000 personal loan with SoFi. The APR rate includes an Autopay Discount of .25%. Actual interest rates can be different than this example and depend on the term, your financial history, and several other factors.

All rates, member figures, estimates, terms, state availability, and loan samples are current at the time this article was written. All of the above may update in the future. For the most up-to-date information, visit SoFi.com.

Fiona Qualification

 FionaSoFi
Minimum FICO Score
Not specified
680
Personal Income Considered
Yes
Yes
Debt to Income Ratio
Not specified
Verify Bank Account
Yes
Yes
U.S. Citizen
Yes
Yes
Hard Credit Pull
No

Alternative Factors to Credit Score Considered


Fiona Cost of Loan

 FionaSoFi
APR Range
2.49% - 35.99% APR
Fixed: 8.99% to 35.49% APR (with all discounts)
Origination Fee
Depends on lender
No Fees Required
Missed Payment Penalty
Depends on lender
No

Other Fees

 FionaSoFi
Application Fee
Pre Payment Penalty
Administration Fee
Returned Check Fee
Check Processing Fee

*


Fiona Reputation

 FionaSoFi
Type of Institution
Marketplace
Other Financial Institution
Year Founded
2015
2011

Disclaimer

The following example depicts the APR, monthly payment and total payments during the life of a $30,000 personal loan with a 2-year repayment term, a 0.25% autopay discount, and a fixed rate between 8.99% APR to 35.49% APR. It works out to 24 monthly payments ranging from $1,356.68–$1,529.07 for a total amount of payments ranging from $32,560.37–$36,697.76. This repayment example assumes that the borrower is signed up for autopay and that all payments are made on time, with no pre-payments. Actual rates may vary based on repayment term, loan amount, creditworthiness, and other terms and conditions. SoFi does not offer variable rate personal loans. State restrictions may apply.

Fixed rates from 8.99% APR to 35.49% APR. APR reflects the 0.25% autopay discount and a 0.25% direct deposit discount. SoFi Platform personal loans are made either by SoFi Bank, N.A. or , Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC, Equal Housing Lender. SoFi may receive compensation if you take out a loan originated by Cross River Bank. These rate ranges are current as of 04/24/25 and are subject to change without notice. Not all rates and amounts available in all states. See SoFi Personal Loan eligibility details at https://www.sofi.com/eligibility-criteria/#eligibility-personal. Not all applicants qualify for the lowest rate. Lowest rates reserved for the most creditworthy borrowers. Your actual rate will be within the range of rates listed above and will depend on a variety of factors, including evaluation of your credit worthiness, income, and other factors.

Loan amounts range from $5,000– $100,000. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 0%-7%, which will be deducted from any loan proceeds you receive.

Autopay: The SoFi 0.25%autopay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. Autopay is not required to receive a loan from SoFi.

Direct Deposit Discount: To be eligible to receive an additional (0.25%) interest rate reduction on your Personal Loan (your “Loan”), you must set up Direct deposit with a SoFi Checking and Savings account offered by SoFi Bank, N.A., or enroll in SoFi Plus by paying the SoFi Plus Subscription Fee, all within 30 days of the funding of your Loan. Once eligible, you will receive this discount during periods in which you have enabled Direct Deposit to an eligible Direct Deposit Account in accordance with SoFi’s reasonable procedures and requirements to be determined at SoFi’s sole discretion, or during periods in which SoFi successfully receives payment of the SoFi Plus Subscription Fee. This discount will be lost during periods in which SoFi determines you have turned off Direct Deposit to your Checking and Savings account or in which you have not paid for the SoFi Plus Subscription Fee. You are not required to enroll in Direct Deposit or to pay the SoFi Plus Subscription Fee to receive a Loan.

 FionaSoFi
Headquarters Address
43 W 24th Street, Fl 5, New York, NY, 10010
234 First Street, San Francisco, CA, 94105
Homepage URL

Final Verdict

Fiona Personal Loans and SoFi Personal Loans are very close in quality and have the same overall rating. That said, Fiona scores better than SoFi across: Loan Specifics, and Interest Rates. Whereas, SoFi scores better on Discounts & Fees, Costs, Interest Rates, Discounts & Fees, and Customer Service and Reputation. Both companies score similarly on Flexibility, Qualifications & Flexibility, and Customer Service and Reputation.


Customer Comments & Reviews

M
Mike O
11/8/2018
SoFi Personal Loans review
Quick and very supportive- Won't make loan until 3 payments are made on existing loan. Customer service is good


W
WENDY S
2/9/2018
SoFi Personal Loans review
I disagree with the negative reviews on SoFi. The process for me was absolutely phenomenal! The rate offered preliminarily was the rate that we closed at. If you give them factual information upon which to base the terms, they are true to their offer. The only suggestion I would make to them would be to add an automatic notification system in place for when the status of the loan application changes. I figured out that you have to log in to check the status but it moved really quickly. From the date that I requested the preliminary offer to the date that the (substantial) amount was in my bank account, took only 6 business days, and would probably have been sooner if I did not miss two days during the process when I did not actively check-in. The process is so much quicker and simpler than the traditional financial institutions. SoFi's customer service chat is also always available, knowledgeable and helpful, they resolved any question I had promptly. The legal documentation is simply written so easily understandable which is a refreshing change. Thanks for a great experience.


W
William S
2/6/2018
Fiona Personal Loans review
I cannot comment because I have no experience for this provider. I could comment if loan is approved.


J
Jennifer
12/8/2017
Fiona Personal Loans review
I understood everything well.


R
Rd
11/24/2016
Fiona Personal Loans review
Easy process and simple to use. Highly recommended for you personal loan needs. I was able to find a lender and secure a loan quickly.


J
Jonathan
11/15/2016
Fiona Personal Loans review
Straightforward process, very transparent and easy to understand rates and terms.


W
Will H
2/4/2016
SoFi Personal Loans review
Firstly, yes, the process can be a bit lengthy if SoFi needs additional documentation but they are authorizing high loan amounts and need to be cautious. Next, overall this was an excellent experience and I would recommend them to anyone. They are in no way fully FICO driven, rely on history and income more. The experience I had with everyone of their agents was exceptional. Friendly reps who truly helped. Their phones were always answered by two rings. Incredible!!!!


D
DonaldB
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.