SoFi
Sofi is a modern finance company that offers low rates for student loan refinancing, mortgages, and personal loans. It offers benefits like career coaching, unemployment protection, and entrepreneur programs. While approving a loan, Sofi takes a number of dimensions into consideration like career experience, monthly income, financial history, education, etc. Whether people are looking for to refinance their student loans, build their dream home, or just seek advice, Sofi provides the best tools and products to match their ambitions.
Top SoFi Alternatives
- Credible
- PROSPER
- Lending Club
- Avant
- Mintos
- Driva
- Earnest
- UpStart
- Zopa
- Funding Circle
- OnDeck
- Fundbox
- Iwoca
- Fundation
- SpringLeaf
Top SoFi Alternatives and Overview
Credible
Credible is the multi-place market lender that allows borrowers to receive competitive loan offers from its vetted partners.
PROSPER
Prosper is a marketplace that provides person-to-person lending utilizing a listing and bidding process to get competitive rates for loans.
Lending Club
Lending Club is the online credit marketplace, facilitating business loans, personal loans, and financing for elective medical procedures.
Avant
Avant is a platform that offers access to personal loans at competitive interest rates with a quick and transparent process that is entirely online.
Mintos
Mintos is a peer-to-peer lending marketplace that connects investors with borrowers of various loan originators.
Driva
With the hundreds or even thousands of lenders you can find today, it might get harder for you to pick the one that can provide the best rates for your vehicle loan.
Earnest
In order to give credit, they evaluate a person’s full education, employment, and financial...
UpStart
The platform offers lower interest rates, no prepayment penalty, quick and easy, and secure...
Zopa
They offer borrowers competitive low rate loans by matching them to our lenders who get...
Funding Circle
It aims to help businesses struggling to access mainstream sources of finance while providing individual...
OnDeck
The platform uses data aggregation and electronic payment technology to analyze the financial health of...
Fundbox
For example, if you have outstanding invoices, it will advance 100% of your payment...
Iwoca
That includes restaurants, hotels, retailers, service providers, and mor1e...
Fundation
Their technology streamlines the small business loan application process by collecting third party data...
SpringLeaf
It offers secured and unsecured personal loans...
SoFi Review and Overview
It is often said that the ‘M’ in management stands for money. Money dictates a lot of decisions that we make in our day-to-day life. Traditionally banks and financial institutions are where people have been going to borrow, invest and protect their funds. However, with the expansion of internet services the traditional banks and financial institutions have transitioned into an online avatar. Their online transition has made it very easy for people to use the services offered by them.
Why SoFi?
SoFi is one of the leading online finance company that offers different products that provide lending services as well as investment options. In addition to this, they also provide insurance options. SoFi offers loans with flexible terms and also provides the option of choosing between a fixed and variable rate. Some of the other benefits include fast, easy and online process with no hidden fees and an exclusive access to the member benefits programme.
Features
The member benefits programme offers great avenues for networking with people who share common interests. In addition to this, it also offers some exclusive benefits such as VIP access to SoFi stadium, financial planning services and even career coaching services.
The lending products offered by SoFi consist of loan options such as student loan refinancing, private student loans, personal loans and home loans. The investment products offer services that let users buy & sell stocks, buy cryptocurrency, active investing and automated investing.
Insurance services
Insurance services offered by SoFi include products such as SoFi Invest that let users buy life insurance, auto insurance, homeowners insurance and renters insurance. Additionally, it also offers cash management platforms like the SoFi Money and SoFi Relay. These products let users derive more value out of their money by offering attractive interest options on it.
They also help users track all their spending activity and set saving goals. In addition to these products and services, SoFi also provides free resources that help users to develop a better understanding of financial matters and familiarize themselves with all the financial jargon.
Company Information
Company Name: Social Finance, Inc.
Company Address: Building A Suite 4700, San Francisco, CA, USA
Founded in: 2011