If you made the choice to go to college, you most likely know the hardships of student loans. SoFi is something that you’ll most likely be interested in. If you’re a student with APR, SoFi will be willing to refinance and reduce the cost of your debt. You can also refer your friends and both of you can receive a $100 bonus. You get a $100 just for referring a friend, and they get $100 and a break from their college debt. It’s a win-win for both users! This offer is great for nearly anyone, so take advantage of it before it’s too late!
What is SoFi?
SoFi is a finance company that is easy when it comes to taking loans and refinancing. Whether you’re looking to start a business or pay back college debts, SoFi is here to help you out. SoFi is not a bank. It is a social based company and focuses on providing a great community experience so they’re not intimidating to approach. Getting approve from SoFi is fairly simple, and you do not have to have “Great Credit” to get a good APR rate.
SoFi Basic Information
Basic information you would need to know when you sign up consist of :
- Minimum credit score required: None
- Minimum gross income required: None
- Limitations: High income, good credit history
- Maximum debt-to-income ratio: None
- Fixed Rates: Rates available from 3.50% APR to 7.74% APR
- Variable Rates: Rates start from 2.14% APR to 5.94% APR
- Loan amount: $5,000 – $100,000
- Duration: 3 Years – 7 Years
SoFi also offers a great program that’s hard to pass up called the Unemployment Protection Program which stops your payments for up to 12 months when you become unemployed, although your interest still occurs, you’ll be relieved from payments for awhile. This will help anyone who suddenly loses their job.
To be Eligible, they must meet the requirements:
- 18 years old
- US Citizen
- No felony convictions
- No declarations of bankruptcy in the last three years
- Must have student loans
SoFi Referral Information
Getting the referral bonus from SoFi is simple and straight forward! All you got to do is sign up with SoFi and you’re ready to refer! Send out your referral links to friends and family, and you’ll get your $100 once your referee signs up and refinances their college debt. Simple! Members save $18,936 on average when they refinance student loans.
Bottom line, this is the best way to help out a friend in need while making a couple extra bucks. Speaking from experience, I love SoFi because of their friendly staff and customer support. They’re organized and centered around their clients. Their APR rates are great and helps out those of you who are stressed about debt. They also have other programs for personal loans, just check out our full list of SoFi Bonuses. If not we have a bunch of other ways on how to Save Money!
The Chase Freedom Unlimited® Card offers an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) - worth up to $300 cash back!
Enjoy 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 20.49% - 29.24%.
Enjoy 6.5% cash back on travel purchased through Chase Ultimate Rewards, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 3% on all other purchases (on up to $20,000 spent in the first year).
In addition, you can earn (after your first year or $20,000 spent):
• 5% cash back on Chase travel purchased through Ultimate Rewards
• 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service,
• Unlimited 1.5% cash back on all other purchases.
There is no minimum to redeem for cash back & your cash back rewards do not expire as long as your account is open.
This card comes with no annual fee and you'll get a free credit score that is updated weekly with Credit JourneySM.