Yes! To apply, simply visit your member homepage and click on the Personal Loan option. Click on Find My Rate. A few steps into the application you will see the option to select See my options for my current loan balance.
Here are some things to consider before applying:
To qualify for refinancing your personal loan, your current personal loan(s) must be in good standing. This means:
- No forbearances or deferments
- The original loan must not be 30 days or more past due
- Any other SoFi loans you have (such as Home Loans, Student Loan Refinancing, or Private Student Loans) must also be in good standing
Additional Requirements:
- You must meet all standard eligibility criteria for SoFi Personal Loans
- Refer to Personal Loan Eligibility
- You must currently have at least one SoFi Personal Loan
- The loan being refinanced must not have a Co-Borrower
- At least three on-time, scheduled monthly payments must be made on the existing loan before applying to refinance
PLEASE NOTE:
Personal Loan Refinances can be refinanced once, provided all eligibility criteria continue to be met. If eligible, the total refinanced amount can be up to a maximum of $100,000.