SoFi is the largest provider of student loan refinancing. SoFi offers a range of options to optimize monthly payments, lifetime cost, or speed of pay off – and, there are no origination fees, no catch and a simple application.
Refinancing student loans with SoFi saves attorneys an average of $391 a month*.
Variable rates start at 2.355% APR and fixed rates start as low as 3.375% APR (with AutoPay).*
Consolidate and refinance both federal and private loans.
No application or origination fees. No prepayment penalties.
*Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. Fixed rates from 3.375% APR to 6.74% APR (with AutoPay). Variable rates from 2.355% APR to 6.28% APR (with AutoPay). SoFi rate ranges are current as of February 1, 2017 and are subject to change without notice. Interest rates on variable rate loans are capped at either 8.95% or 9.95% depending on term of loan. Lowest variable rate of 2.355% APR assumes current 1 month LIBOR rate of 0.78% plus 1.575% margin. Not all borrowers receive the lowest rate. If approved for a loan, the fixed or variable interest rate offered will depend on your creditworthiness, and the term of the loan and other factors, and will be within the ranges of rates listed above. For the SoFi variable rate loan, the 1-month LIBOR index will adjust monthly and the loan payment will be re-amortized and may change monthly. APRs for variable rate loans may increase after origination if the LIBOR index increases. The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as Income Based
Repayment or Income Contingent Repayment or PAYE. SoFi loans not offered to residents of Nevada. Other state restrictions may apply. See eligibility requirements at sofi.com/legal. Licensed by the Department of Business Oversight under the California Finance Lender Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp., NMLS # 1121636. 1 See sofi.com/disclaimer1. 2Welcome bonus will be issued electronically once you become a SoFi borrower; you have submitted a completed application with documents and your loan has been disbursed. Offer good for new customers only.