SoFi is named NerdWallet’s 2026 Best Personal Loan for Excellent Credit. It is designed for borrowers with strong credit and income who may want a relatively large personal loan, flexible repayment terms and fast funding.
SoFi Personal Loan at a Glance
| Feature | Details |
|---|---|
| Loan amount | $5,000–$100,000 |
| Estimated APR | 6.99%–35.49% |
| Loan terms | 2–7 years |
| Minimum credit score | No specific minimum published |
| Funding time | Same day may be available |
| Origination fee | 0%–7%, depending on the offer |
| Availability | All 50 states and Washington, D.C. |
| Best suited for | Borrowers with good or excellent credit |
Current NerdWallet data says SoFi generally looks for borrowers with good or excellent credit, with an average borrower credit score of 720 or higher in the lender profile provided to NerdWallet.
Why Consider SoFi for Excellent Credit?
Borrowers with strong credit often have access to more personal-loan options. SoFi offers loans up to $100,000, which can make it relevant for larger expenses such as debt consolidation, home improvements or other eligible major purchases.
SoFi also offers several potential rate discounts, including discounts associated with autopay and qualifying direct-deposit or creditor-payment arrangements. Same-day funding may be available for eligible borrowers.
SoFi Personal Loan Pros
- Loans up to $100,000
- Two- to seven-year repayment terms
- Same-day funding may be available
- Prequalification can be completed with a soft credit inquiry
- No mandatory origination fee
- Multiple potential rate discounts
- Available nationwide
SoFi Personal Loan Cons
- Not designed for borrowers with poor credit
- Minimum loan amount is $5,000
- An optional origination fee can apply
- Approval and final APR depend on the applicant’s financial profile
Who Should Consider a SoFi Personal Loan?
SoFi may be worth comparing if you have good or excellent credit, need a larger personal loan and want to compare potential rates without initially affecting your credit score through prequalification. However, borrowers should compare multiple offers because the APR and fees offered can differ between lenders.
Important Note
A lender’s advertised minimum APR is not necessarily the rate every borrower receives. Your actual APR can depend on your credit profile, income, loan amount, repayment term and other underwriting factors.
Before accepting a personal loan, compare the APR, origination fee, monthly payment, repayment term and total cost of the loan.
Source: NerdWallet’s 2026 personal-loan awards and SoFi personal-loan review, updated in 2026.