SoFi Debt Consolidation Loan
Consolidate your credit card debt into one fixed monthly payment with no fees and same-day funding options. Borrow from $5K to $100K.
Last checked on June 2, 2026. We may earn a commission when you click through.
SoFi offers a way to consolidate debt without fees, but the high APR range may not be ideal for everyone.
SoFi Debt Consolidation Loan
Updated 6 days ago| APR | Amount | Term |
|---|---|---|
| 7.74–35.49% | $5,000–$100,000 | 24–84 mo |
Requirements
Minimum credit score 680
US citizen or permanent resident
Employed or have regular income
Decision
Same day funding availableOur Verdict
SoFi offers a way to consolidate debt without fees, but the high APR range may not be ideal for everyone.
Best For
This loan is best for those with good credit seeking quick access to funds for consolidating high-interest debt.
Watch Out
Borrowers should be aware that only those with a minimum credit score of 680 are likely to qualify for the best rates.
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About this loan
Consolidate your credit card debt into a single monthly payment with no fees and same-day funding. Borrow between $5K and $100K with fixed terms.
What Customers Say
Customer feedback highlights ease of application and quick funding, but some express concerns about high interest rates.
Expert Analysis
If you're looking to streamline your debt payments, SoFi makes it easy with loans ranging from $5,000 to $100,000. The absence of origination fees and prepayment penalties is a plus, allowing for more flexibility with your finances. However, the APR can vary significantly, from 7.74% to 35.49%, meaning those with lower credit scores could face steep interest costs.
Approval can be quick, with same-day funding available, but be prepared to meet their requirements: a minimum credit score of 680, U.S. citizenship, and proof of income. If you have a lower credit score, you may want to explore alternatives like LightStream or Upstart, which could offer more for those who qualify.
It's also important to consider the impact of these rates on your monthly payments. For example, borrowing $10,000 at a 15% APR over 36 months could result in payments of around $332 per month. This could add up quickly, especially if your existing debts have lower interest rates. Overall, while SoFi provides for those who qualify, it may not be suitable for individuals with less-than-ideal credit histories.
Rates shown are representative. Your actual rate may differ based on your circumstances. We may earn a commission for referrals.
Similar options
- —
- APR
- $2k–$250k
- 1–18mo
FICO score 660+
Business at least 1 year old
Average monthly revenue $3,000+
- 5.09–18.74%
- APR
- $5k–$150k
- 12–84mo
US military member, veteran, or family
USAA membership required
Valid US SSN
- 4.14–17.99%
- APR
- $500–$100k
- 12–84mo
PenFed membership (open to all)
US resident
Aged 18+
- 5.24–18.0%
- APR
- $500–$150k
- 12–84mo
US resident
DCU membership (free to join)
Valid SSN
- 4.67–21.99%
- APR
- $5k–$100k
- 24–84mo
Minimum credit score 580
Vehicle less than 10 years old
Valid US driver license
- 7.74–35.99%
- APR
- $1k–$50k
- 24–84mo
Minimum credit score 580
US citizen or permanent resident
Verifiable income
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