SoFi vs. LendingClub: Whom Offers Better Personal Loans?

SoFi vs. LendingClub: Whom Offers Better Personal Loans?

SoFi provides higher personal loan maximums, however if you’ve got dismal credit, think about LendingClub.

Kat Tretina Updated May 20, 2020

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Whether you’ll want to combine your personal credit card debt or fund a big purchase, SoFi and LendingClub offer unsecured loans which will help you achieve your aims.

Both provide competitive interest levels, therefore determining amongst the two businesses may be hard. In this break down of SoFi vs LendingClub, read about the good qualities and cons of each and every.

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SoFi vs. LendingClub

Here’s an evaluation of each ongoing company’s loan options and eligibility demands.

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SoFi unsecured loans

  • Borrowers with good to credit that is excellent
  • People who require big loan quantities
  • Those who wish to avoid expensive charges

For those who have exemplary credit, you are in a position to be eligible for a low-interest loan from SoFi. You’ll borrow as much as $100,000 and possess up to seven years to settle the debt. Plus, SoFi offers additional perks like unemployment security, career mentoring, and exclusive user activities.

  • Autopay discount: If you join automated payments, you’ll get a 0.25% interest discount.
  • No origination charges: SoFi personal loans don’t have origination costs. More