Originally founded to support those wanting to fund their education, Sofi loans has grown to support and cater to a variety of financial services, including student loans, medical lending, personal loans, and home mortgages.
Sofi loans is simple and quick to get started and boast no hidden fees or surprises along the way. Sofi is a great option for those with already good credit, offering some of the lowest rates and most flexible payment schemes on the market.
What Loans Does Sofi offer?
Sofi provides a number of different loan options, below we discuss what is on offer.
What Are Sofi Loans?
They pride themselves in lending to responsible borrowers, focusing on free cash flow over credit rating. Sofi takes into consideration professional history, education, and previous bill payments to evaluate borrowers’ eligibility. They aim to provide crucial tools for members to calculate and organize their finances to stay one step ahead of their money. Whether you are lending, spending, or investing, Sofi provides a team of advisors and access to an active community for any guidance you might need when working to reach your ambitions.
What Is a Sofi Credit Card?
Although Sofi doesn't yet offer a credit card per se, they do offer members a Sofi Money account - a mobile cash management option for a tap-and-go experience. It will earn you 1.80% in interest and no fees. Not only can you keep track of your spending, you can also be rewarded for doing so.
Available Medical Loans From Sofi
Sofi has branched out to become one of the best loan brands that offer a variety of medical loans and lending schemes to cover a multitude of unexpected and elective procedures. Whether you are tirelessly saving for plastic surgery and need a financial boost to reach your target, or you have unanticipated veterinary bills that you can’t scrape the money together for your furry family member. Sofi is the choice for you, offering:
- Plastic Surgery Loans
- Dental Loans
- Bariatric Financing
- Fertility Financing
- Vision Care Loans
- Hearing Aid Loans
- Hair Restoration Loans
- Veterinary Loans
Medical loans are under the category of personal loans and are unsecured; no collateral is needed to take out this type of loan. Personal finance charges apply to these loans. Make sure to use the pre-assessment calculator to ensure you apply for a realistic loan for you.
Sofi Refinancing Options
Sofi also offers a selection of refinancing options for its members. Therefore, if you're stuck in a rut with a previous loan, Sofi is happy to help you pay it off through lending with lower interest rates and additional flexibility.
Parent PLUS loan Refinancing
What a perfect gift for a graduate or relief for a college student knowing that their education is covered with little stress for parents. Refinancing can ensure that you are receiving the lowest payment rates, and your children's education doesn't have to mean a sacrifice in other areas. A parent PLUS refinance may be the answer you're looking for to keep your children on the path to success. Fixed rates start at 3.64% APR, and variable rates are as low as 2.05% when using autopay.
Refinancing a mortgage can be a very personal decision. Sofi’s transparent ethos allows you to see right through your new mortgage plan. This allows you to be confident it will work for you and your projects. Sofi boasts competitive rates and members discounts of up to $500. Speak to one of the mortgage loan officers today to receive financial advice, with no hard pull advice on loans.
Sofi Customer Service
Sofi aims to please. They have a dedicated team of customer support agents on standby to answer any questions. They will support you through the application process or queries about charges and payment plans. Customer support for general inquiries, plus home loans and investment support, can be reached through the telephone and email. They can be reached as early as 4 am to as late as 9 pm. Home loans support closed over the weekend.
Sofi uses a fixed APR system with rates between 5.99% and 17.67% to offer lenders between $5,000 and $10,000 for personal finance borrowing. A healthy range for many ventures available to those who have a credit rating of 680 or above. Variable loan rates are also available, and when you sign-up using autopay, you will receive a saving of 0.25% off of any interest rates. Choose a sliding term of between 2-7 years to suit your future. They hold a transparent, “what you see is what you get,” attitude. There are no hidden or extra origination fees. All the information you need about charges is clear and readily available online for your convenience and peace of mind.
Sofi Pros and Cons
Sofi has a long list of positives that see members sign up daily and not regret their decisions, helping you reach your goals with a little or a lot of financial help. The team at Sofi are there to give you that helping hand throughout university or covering unexpected or desired medical expenses. Like any loan service, Sofi does have some room for improvement in the changing times of the 21st century. Without development, progression cannot happen.