Rick Bormin, Personal Loans Moderator
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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.
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.
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