How long does it take to get money from a SoFi personal loan? This question is about SoFi

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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How long does it take to get money from a SoFi personal loan?

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This question is about SoFi

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Rick Bormin, Personal Loans Moderator

@rhandoo2020 • 10/18/21 This answer was first published on 05/14/21 and it was last updated on 10/18/21.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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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.

Answer Question

Does SoFi do a soft pull?

SoFi does a soft pull when checking the rates that a potential applicant qualifies for, which will not impact their credit score. SoFi does a hard pull for anyone who chooses to submit an application after checking their rates. This will cause a temporary credit score drop of a few points.

In all, you shouldn't worry too much about having a hard pull from SoFi, as the score damage should be relatively minor unless...

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What credit score do you need for a SoFi 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...

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What is a quick loan?

A quick loan is a loan that offers both approval and funding within a few days of application, as fast as the same day in some cases. In contrast, many personal loans take 7 business days or more to get approved and funded.

Much like all loans aren’t quick, not all quick loans are the same. There are several main types – personal loans, payday loans, auto title loans and pawn shop loans. But...

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