SoFi vs LendingClub: Personal Loans Compared
Compare SoFi and LendingClub personal loans for debt consolidation. See rates, fees, requirements, and which lender is best for you.
SoFi
- No fees whatsoever
- Unemployment protection
- Member benefits & career coaching
- Fast funding (same day possible)
- High loan amounts up to $100K
- Requires good credit (680+)
- No co-signer option
- Limited physical presence
Borrowers with good credit who want no fees and extra perks
LendingClub
- Accepts lower credit scores (600+)
- Joint applications allowed
- Direct creditor payment option
- Flexible loan amounts
- Origination fee (3-8%)
- Slower funding (3-5 days)
- Higher rates for fair credit
Borrowers with fair credit who need flexible options
Our Verdict
SoFi is better if you have good credit and want zero fees. LendingClub is better if you have fair credit or need a joint application.
Not sure which is right for you?
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