SoFi Debt Consolidation Loan

Consolidate your credit card debt into a single monthly payment with no fees and fast funding. Borrow between $5K and $100K with fixed terms.

Last checked on July 23, 2026. We may earn a commission when you click through.

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SoFi offers a approach to debt consolidation with and flexible terms.

✓ No origination fees or prepayment penalties ✓ fast funding available ✓ Flexible loan amounts from $5K to $100K
APR 7.74–35.49%
Amount $5k–$100k
Term 24–84 mo
Decision Same day funding available
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Consolidation

SoFi Debt Consolidation Loan

SoFi

Updated 1 month ago

Verdict

SoFi offers a approach to debt consolidation with and flexible terms.

Best For

This loan is ideal for borrowers with a solid credit score looking to simplify their payments without incurring additional fees.

This loan is best for individuals with a good credit score seeking to streamline their debt payments.

Pros
  • No origination fees or prepayment penalties
  • fast funding available
  • Flexible loan amounts from $5K to $100K
  • Fixed monthly payments for easy budgeting
Cons
  • Minimum credit score of 680 required
  • Higher APRs for lower credit scores
  • Mixed customer service reviews
  • Not suitable for those with low credit scores
Watch Out

Borrowers should note that a minimum credit score of 680 is required, which may exclude some applicants.

Full Review

If you're struggling with multiple credit card debts, SoFi's Debt Consolidation Loan could be a viable solution. With APRs ranging from 7.74% to 35.49%, it offers a chance to lower your interest costs. The loan amounts vary significantly, from $5,000 to $100,000, accommodating various financial needs.

The application process is with fast funding available, good option for urgent financial needs. Plus, there are no origination fees or prepayment penalties, so you can pay off your loan early without extra costs.

However, keep in mind that the minimum credit score requirement is 680, which might limit access for some potential borrowers. If you have a lower score, exploring alternatives like LendingClub or Upstart, which may cater to a broader audience, could be worthwhile.

SoFi's customer service receives mixed reviews, so be prepared for potential delays in communication. Overall, this loan can help those with good credit consolidate debt efficiently and affordably.

Summary

SoFi's Debt Consolidation Loan is a strong option for creditworthy borrowers looking to simplify their debt repayment without hidden fees.

Customer Reviews

Borrowers appreciate the quick funding and straightforward application process but express concerns over customer service.

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