Is the SoFi Personal Loan secured or unsecured? February 24, 2020 21:33 Updated The SoFi Personal Loan is an unsecured loan. This means that you do not need to provide collateral for the loan. Related articles What can I use a SoFi Personal Loan for? Are there any origination or prepayment fees? What are SoFi's Personal Loan term options? Does SoFi have a mobile app for Personal Loans? How long does it take to receive the funds?