NMLS# 1121636

4.9 of 5 7 Reviews

SoFi

  • Recommended 100%
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Lender Summary

SoFi is reinventing consumer finance for the better as a leader in marketplace lending. SoFi helps ambitious professionals accelerate their success with student loan refinancing, mortgages, mortgage refinancing, personal loans, parent loans and more. Their nontraditional underwriting approach takes into account merit and employment history, among other factors, to provide financial products that can't be found elsewhere.

Rating Breakdown

What consumers are saying

Definitely recommend

My only complaint, and it's a small one, is that instead of emailing about more information needed, it was only on my online account. If I hadn't checked, I'd never have known. Other than that, it was easy and simple and when I called the customer service line to clarify things, the person was helpful and friendly.

Christine from Vineland, NJ

Reviewed in January 2019

  • LendingTree Customer:

    Yes
  • Loan Type:

    Personal Loan
  • Review Type:

    Lender Review

Consumer Review

Very professional and knowledgeable about advertised products!

Tommy from Olympia, WA

Reviewed in May 2017

  • LendingTree Customer:

    Yes
  • Loan Type:

    Personal Loan
  • Review Type:

    Loan Officer Review

Student Loan ReFi

Overall pretty great company. Customer service was amazing! super helpful with all of my questions and concerns.

Some Advice for applicants:
1. Have an 800 credit score. I have applied with SoFi multiple times and until I had a higher credit score they did not want to touch me.
2. They are very particular on paperwork. Be sure your paystubs include your works addresses. Be sure to send the information exactly as requested.
3. If you are confused on anything or can't get certain information to them call customer service. They ROCK!

I'm not sure on their other services but I would highly recommend them for student loan financing. They offer low interest rates for people with good credit history.

Nick from Hayward, WI

Reviewed in April 2017

  • LendingTree Customer:

    Yes
  • Loan Type:

    Student Loan Refinance
  • Review Type:

    Lender Review

Mary Millette

Sofi is an excellent option for those looking to save money on interest rates for student loans. I had two private loans and combines I was being charged over 15% interest. Sofi significantly decreased my interest rate to less than 7%! The customer service was excellent. The representative I talked to, (I think named Jovani) was wonderful. He gave me multiple option depending on many years I wanted to pay the loan off in & what the rate would be if I combined my private & federal together. I highly recommend anyone to use Sofi loans if you want to save money and use a trustworthy provider.

Mary from Chicago, IL

Reviewed in April 2017

  • LendingTree Customer:

    Yes
  • Loan Type:

    Student Loan Refinance
  • Review Type:

    Lender Review

So Far, So Good

I had three separate loans through another lender with variable rates ranging from 5.75% to 10%. Even though I was overpaying on every loan on a monthly basis, my loan amounts magically started to increase by a couple of dollars each month even though the rates hadn't increased.

After finally getting fed up with not making any progress on my loan payoffs, I checked out SoFi. The application process was extremely easy, just the uploading of a few screenshots. The loan was approved in 24 hrs and funded in 4 days.

My loan was just funded so I couldn't give "excellent" ratings for the Responsiveness and Customer Service categories because I haven't had a need to investigate those areas yet. As for the Rates section, I was able to cut my APR down by approximately 3.5 points with a fixed rate. There were no fees or closing costs either. So far so good, glad to be with a lender who has a solid reputation.

mike from Richmond, VA

Reviewed in December 2016

  • LendingTree Customer:

    Yes
  • Loan Type:

    Student Loan Refinance
  • Review Type:

    Lender Review

Thanks SoFi!

SoFi is fantastic. I had a private lender that was a nightmare to work with and repay. It shouldn't be difficult to repay a lender right? SoFi to the rescue. I've since secured a shorter term and a much lower payment and interest rate. Customer Service is fantastic and able to quickly answer my questions. Thanks SoFi!

Everett from Sicklerville, NJ

Reviewed in November 2016

  • LendingTree Customer:

    Yes
  • Loan Type:

    Student Loan Refinance
  • Review Type:

    Lender Review

Fast and simple

Simple

Beth from Gaithersburg, MD

Reviewed in November 2016

  • LendingTree Customer:

    Yes
  • Loan Type:

    Student Loan Refinance
  • Review Type:

    Lender Review

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