How much can you borrow from SoFi with a personal loan?

SoFi requires a minimum credit score of 680 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 debts and recent credit inquiries, when deciding whether to approve you. It's also worth noting that some applicants might be able to get a personal loan from SoFi with a slightly lower score if it's offset by other factors like an especially high income. But it's best to wait to apply until your score meets the threshold.... read full answer

If you're unsure of what your current credit score is, you can check it for free on WalletHub. You can also pre-qualify for a SoFi personal loan online to gauge your chances of getting approved with your current credit score.

It takes 6 to 15 business days to get money from a SoFi personal loan, in most cases. The SoFi loan timeline includes around 2-4 business days to get approved for a SoFi loan and another 4-11 days to receive the funds after approval. Keep in mind that this is a typical applicant's experience, and in some cases it could take longer.... read full answer

How to Get Money From SoFi as Fast as Possible

• Fill out the application carefully. You should make sure that all information you enter on the application is correct and complete. That will eliminate any potential delays from SoFi having to request additional information.
• Check your credit report for errors. Before you apply, you should verify that everything on your credit report is accurate, as any incorrect negatives on there could impact your chances of approval. If you find any errors, you should dispute them right away to get them removed.
• Get your credit score above the minimum. Ideally, you should only apply for a SoFi personal loan once your credit score exceeds the minimum requirement of 680. That will make it easier for SoFi to decide whether you qualify, which could lead to a quicker decision.

Once you get approved for a SoFi personal loan, the money will be delivered through an electronic funds transfer to your bank account, which usually takes 4 to 11 days.

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... read full answer

• Go to the SoFi website.
• Click on Find my rate.
• Enter loan amount, loan purpose, date of birth, preferred monthly payment, housing situation, citizenship and annual income.
• Click Register.

Once you receive your SoFi pre-approval status, you can choose whether or not to actually submit an application. Getting pre-approved does not mean you're guaranteed to be approved if you apply, but your approval odds will be very high.

If you want to consider more options first, you can try out WalletHub's free personal loan pre-approval tool, which checks for pre-approval with multiple personal loan providers at the same time.