At this time, there is no impact on your SoFi Personal Loan from the Federal Rate Cut. The SoFi Personal Loan rates SoFi is able to offer are determined, at this time, by a combination of a prime (base) interest rate as well as a 1-month LIBOR (London Interbank Offered Rate) Rate which may fluctuate depending on if this increases or decreases.
Please note: If your SoFi Personal Loan is a Variable-Rate loan, the recent changes by the Federal Reserve do not directly impact the variable rate as we use the LIBOR index, not the rate established by the Federal Reserve system.