Sofi is a lender of student loan refinancing, personal loans and mortgages. They are at the top of the list when it comes to refinancing. Started in 2011 to provide an affordable alternative to student loan refinancing. Sofi was the first company to allow refinancing for private and federal loans combined. They began offering personal and mortgage loans in 2015. Sofi is known as one of the top best places to refinance student loans.
|Personal Loans||Student Loan Refinancing|
|No minimum credit score required||No minimum credit score required|
|Rates starting at 7.08%||Rates from 2.80%|
|Loan amounts $5,000-$100,000||5, 7, 10, 15 and 20 year loan terms|
|No origination fees||No application fees|
*Rates updated September 2018
Sofi excels in student loan refinancing, offering alumni to have more of their money and pay off loans faster. They have outstanding low rates and have refinanced $18 billion dollars in student loans.
DO YOU QUALIFY
SoFi does have a few things that you must have to qualify for financing with them. Some of the minimum requirements include the following:
Offering both student loan refinancing & consolidation services as well as personal and mortgage loans. SoFi will pay off the federal and private student loan debt you currently have and then you pay off the amount to SoFi at a much lower interest rate in a shorter amount of time, resulting in lots of money saved. The average borrower saves over $15,000 dollars over the life of the loan. Fixed rates start at 3.89% and variable rates start at 2.80% APR. SoFi does not charge any application or origination fees.
HOW TO SIGN UP
Getting signed up with Sofi refinancing is a pretty simple process. First, you want to compare your options and see if it would be better for you to get a fixed rate or variable. Follow these steps below for how to refinance student loans with SoFi.
SoFi takes pride in the services they provide to borrowers. They want their customers to be successful and get out of debt faster. It also offers its customers some cool perks such as helping them find a new job with a higher income, meetups, investing platform and venture funding for entrepreneurs.
CONTACT CUSTOMER SERVICE
Phone: (855) 456-7634
Address: 375 Healdsburg Avenue, Suite 280, Healdsburg, CA 95448
Hours: Monday – Thursday 4:00 AM – 9:00 PM PT, Friday – Sunday 4:00 AM – 5:00 PM PT