does sofi loan affect credit score

Best answer


To check the rates and terms you qualify for, SoFi conducts a soft credit pull thatwill not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull.

People also ask


  • What is a sofi loan review?

  • SoFi Personal Loans Review. November 8, 2019. SoFi is an online lender specializing in personal loans, mortgages, student loans, and loan refinancing. For borrowers with strong credit and high incomes, a SoFi personal loan offers attractive rates and a transparent lending process.

  • What credit score is needed for a SoFi personal loan?

  • Personal loan applicants must have a minimum FICO credit score of 680 to qualify for a SoFi personal loan. As with other popular lenders, not all applicants who meet the minimum credit score requirements will be approved for a SoFi personal loan, and most successful applicants have a score of 700 or higher.

  • How do I apply for a SoFi personal loan?

  • When you鈥檙e ready to apply for a personal loan, complete an application online or through the SoFi app. A loan consultant will guide you through the process and address any questions. At this stage, SoFi will request a full credit report from one or more consumer reporting agencies, resulting in a hard credit pull.

  • How are Sofi ratings determined?

  • Our ratings take into account loan cost, loan details, eligibility and accessibility, customer experience and application process. All ratings are determined solely by our editorial team. Who Is SoFi Best For? Who Is SoFi Best For?

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