You will know if SoFi approved you for a personal loan because you will receive an application decision via email. SoFi may approve you as soon as the same day you apply, or within as soon as the same day to a few business days, and you can check your loan status online in the meantime.
If you get approved, you should receive the funds a few days. Just keep in mind that approval for a SoFi loan is never guaranteed.
Key Information About SoFi Personal Loans
- Approval Timeline: As soon as the same day to a few business days
- Approval Notification Method: Email
- Funding Timeline: A few days
- How to Check Application Status: Online
- APRs: 8.99% - 29.99% Fixed APR with all discounts
- Loan Amounts: $5,000 - $100,000
- Repayment Periods: 24 - 84 months
- Origination Fee: 0%
- Credit Score Requirement: 680
For more information, check out the full SoFi personal loan review on WalletHub. Then, you can estimate your potential rates with our free pre-qualification tool.
This answer was first published on 10/14/22. 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.
