If you are looking getting low interest rates and certainly will see SoFi’s tight student loan qualifications standards, which bank try really worth considering. Though SoFi is known to own student loan refinancing, that it bank first started providing individual college loans to possess most recent people from inside the 2019. It financial is a great solution in the event the flexible repayment conditions try important to your.

• Aggressive brand new and you can refinanced education loan prices
• Flexible installment selection
• Zero prepayment, application, otherwise origination costs
• Tailored mortgage cost that will not impact credit ratings
• Participants discovered occupation classes and you will totally free purchasing services

• Lowest costs try aimed toward high-money candidates.
• The minimum mortgage size is greater than most competition.
• SoFi is into the a legal fight with government entities more misrepresented loan deals.

SoFi: What you need to Learn

Dependent in 2011, SoFi began because an educatonal loan refinancing bank, operating given that an on-line-only individual business. Indeed, they certainly were the original financial so you’re able to re-finance each other federal and personal college loans. Within the 2019, SoFi began offering private student education loans to the people currently in school, boasting lower, aggressive rates.