![]() Autopay is not required to receive a loan from SoFi. This benefit is suspended during periods of deferment and forbearance. The benefit lowers your interest rate but does not change the amount of your monthly payment. This benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. 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. ![]() APRs for variable-rate loans may increase after origination if the SOFR index increases. For the SoFi variable-rate product, the variable interest rate for a given month is derived by adding a margin to the 30-day average SOFR index, published two business days preceding such calendar month, rounded up to the nearest one hundredth of one percent (0.01% or 0.0001). ![]() Lowest rates reserved for the most creditworthy borrowers. Your actual rate will be within the range of rates listed above and will depend on the term you select, evaluation of your creditworthiness, income, presence of a co-signer and a variety of other factors. SoFi rate ranges are current as of 1/16/24 and are subject to change at any time. Unless required to be lower to comply with applicable law, Variable Interest rates on 5-, 7-, and 10-year terms are capped at 13.95% APR 15- and 20-year terms are capped at 13.95% APR. Variable rates range from 6.24% APR to 9.99% APR with a 0.25% autopay discount. *Fixed rates range from 3.99% APR to 9.99% APR with 0.25% autopay discount.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |