At SoFi we look at a multitude of factors when evaluating your eligibility such as your credit profile, and your income. We also look at other factors such as your repayment history with us, if you’ve been delinquent or made late payments in the past that can impact your eligibility for future Personal Loans. We also consider state laws and regulations, for example, the state of Michigan only allows you to have one unsecured loan in repayment at a time, and we are not currently able to offer Personal Loans in Mississippi.
