How long does it take to get approved by SoFi? This question is about SoFi

SoFi may approve you the same day you apply or within a few business days. After your application is approved and you accept the offer, it takes a few days to receive your funds, which SoFi will send to you by electronic bank transfer. Key Things to Know About SoFi Loan Approval Minimum Credit Score: 680 Approval Timeline: As soon as the same day to a few business days Funding Timeline: A few days Fund Delivery Method: Electronic bank transfer Loan Amount: $5,000 - $100,000 APR: 8.99% - 25.81% Repayment Period: 36 - 84 months Origination Fee: No Fees Required If you think a SoFi loan is right for you, check out the full SoFi personal loan review on WalletHub. You can also estimate your potential rates with our free pre-qualification tool.

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How long does it take to get approved by SoFi?

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This question is about SoFi

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Grace Enfield, Content Writer

@grace_enfield • 05/31/22 This answer was first published on 05/31/22. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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SoFi may approve you the same day you apply or within a few business days. After your application is approved and you accept the offer, it takes a few days to receive your funds, which SoFi will send to you by electronic bank transfer.

Key Things to Know About SoFi Loan Approval

Minimum Credit Score: 680
Approval Timeline: As soon as the same day to a few business days
Funding Timeline: A few days
Fund Delivery Method: Electronic bank transfer
Loan Amount: $5,000 - $100,000
APR: 8.99% - 25.81%
Repayment Period: 36 - 84 months
Origination Fee: No Fees Required

If you think a SoFi loan is right for you, check out the full SoFi personal loan review on WalletHub. You can also estimate your potential rates with our free pre-qualification tool.

Does SoFi verify income for personal loan applications?

SoFi does verify income for personal loan applicants to confirm that people can repay what they borrow, but it does not disclose a minimum income requirement. You also have to meet other SoFi requirements to be considered, such as being at least 18 years old and being a US citizen or permanent resident. You have a good chance of getting approved if you meet all of these requirements.

SoFi Personal Loan Requirements

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What credit score do you need for a SoFi personal loan?

SoFi requires a credit score of 680 or higher to qualify for a loan. That means the SoFi personal loan credit score requirement is in the fair credit range, which is on par with most other lenders' credit score requirements.

Keep in mind that just having a 680 credit score is not enough to qualify you for a SoFi personal loan. SoFi will consider your entire financial profile, including things like your income, existing...

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How can you get SoFi personal loan pre-approval?

You can get SoFi personal loan pre-approval through the SoFi website. SoFi pre-approval allows you to see your odds of approval for a personal loan from SoFi, as well as your potential interest rate, and the process will have no impact on your credit score.

How to Get SoFi Personal Loan Pre-approval

Go to the SoFi website.
Click on Find my rate.
Enter loan amount, loan purpose, date of birth,...

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