2. SoFi Fast Personal Loan
SoFi provides quick personal loans ranging from $5,000 to $100,000, and you can choose to pay it back over two to seven years. They offer various member discounts and additional programs like unemployment protection, career coaching, and financial planning at no extra cost.
With a minimum credit score requirement of 680, applicants can check their interest rate without affecting their credit score. You can easily apply for a fast SoFi personal loan online and receive an almost immediate response on the interest rate you qualify for.
Choose a repayment period between two and seven years. Once you review and agree to the terms, you can sign the documents. If you apply on a business day before 7 p.m. Eastern time, your loan may even be funded on the same day.
Pros:
- No origination fees, late fees, or prepayment penalties.
- Permits co-borrowers to apply for a loan.
- Offers multiple discounts for enrolling in features like autopay, direct deposit, and a member rate discount.
- May adjust payments if the borrower becomes unemployed.
Cons:
- Does not allow the use of co-signers when applying for a loan.
- Some states have higher minimum loan amounts.
Flip to the next page to find other best lenders for fast personal loans and fast cash in 2024.
