SoFi
San Francisco, CA Founded 2011· Online Bank
Full-service online bank with strong reputation for personal loans. No fees, member benefits, and competitive APRs for borrowers with good credit.
Recommendation
Safe to Consider
Trust
88
Predatory Risk
88
Lower is safer
Sentiment
81
Complaints
82
Lower is better
Fee Transparency
92
APR Range
8.99% – 29.99%
Loan amounts
$5,000 – $100,000
Term
24–84 months
Red flags
- Requires good credit (typically 680+)
Positive signals
- No origination fees
- No prepayment penalties
- Unemployment protection program
- Rate discount with autopay
AI Summary
Based on 12,480 reviews and 201 complaints, SoFi demonstrates above-average transparency. Borrower complaints are primarily about "Approval Criteria". We recommend you safe to consider.
What borrowers say
Priya S.2025-06-01
★★★★★
"Smoothest loan process I've ever had. No surprise fees."
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