Money are offered from the sensible costs there are not any application otherwise origination charges, otherwise prepayment penalties. SoFi offers an autopay discount out-of 0.25%. For these reasons, most people can save once they refinance established finance which have SoFi.
In order to qualify, you’ll need to have graduated out of a subject IV accredited program, be employed otherwise work render which have a start date inside 90 days, and get a strong financial history. you will you would like a strong month-to-month cash flow as well as a good credit score. If you’re unable to be considered on your own, a cosigner might help you to get brand new financial support you you would like.
What SoFi clients are saying
SoFi’s customers critiques is actually mixed, with many revealing troubles. Things range from failure to pay off refinanced figuratively speaking in the a timely styles as well as numerous manage-be borrowers complaining they certainly were declined finance.
That said, anybody else are happy towards bank, demonstrating these were given financing at the good costs. Many imply that they appreciate the ability to make the most of numerous borrowing selection and other monetary properties from one financial.