Pros And Cons Of Sofi Personal Loans
Here s a breakdown of some of the benefits and drawbacks of sofi personal loans.
Pros and cons of sofi personal loans. Sofi is best known for student loan refinancing but it also offers actual student loans for your or your child s education. Sofi invest pros and cons pros. Sofi offers up to 12 months of protection from paying on your loan if you become unemployed.
In addition sofi personal loans don t charge any kind of fees including late fees. This is a great feature. Best personal loans of january 2021 best personal loans for excellent credit best personal loans for good credit best personal loans for fair.
While sofi looks at a variety of factors when it makes its loan decisions its 670 credit score requirement is higher than other personal loan lenders. In addition it also offers mortgages and personal loans. Pros cons and.
Sofi short for social finance started out as a company focusing on student loan refinancing and personal loans. Pros and cons of a sofi personal loan with no fees low rates and a holistic approach to customer service sofi may sound like a dream come true. Sofi loans offer as much as 100 000 with interest rates as low as 5 99 and only 18 64 at the highest.
Sofi personal loans are great for people who want to borrow a lot at a low cost. Cons of sofi loans a strong credit profile is recommended. Here are the pros and cons of getting a personal loan.
But sofi has drawbacks that prevent this lender from being a good fit for everyone. For example if you have fair credit a lender like lendingpoint which requires a minimum credit score of 585 may be a better fit. Sofi s main benefit over other private student loan providers is the flexibility and customized rates that the company can offer borrowers.
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