Best Investments 2025: Compare Accounts

Written by human
Written by Lorien Strydom

- Apr 11, 2025

Our take on SoFi Invest in 30 seconds

SoFi Invest is a finSoFi stands out as a premium lender for borrowers with good-to-excellent credit seeking larger loans. Their zero-fee structure, competitive rates, and comprehensive member benefits create significant value.

While their credit requirements and minimum loan amounts may exclude some borrowers, their transparency, unemployment protection, and extensive customer support make them an excellent choice for qualified applicants.ancial service provider.

<PROPS> people

Pros & Cons

  • Soft pull to prequalify

  • Interest-rate discount with automatic payments

  • Competitive APRs, no prepayment fees, and flexible repayment terms

  • People with less-than-fair credit may have a tough time qualifying

SoFi Invest At glance

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Company name

SoFi Invest

Website

https://www.sofi.com/invest

Phone

1-855-456-7634

Email

investsupport@sofi.com

Address

234 1st Street, San Francisco, CA 94105

Pricing

SoFi offers competitive rates (8.99%-25.81% APR) with no origination, prepayment or late fees. The 0.25% rate discount for autopay adds additional value, though minimum loan amounts may be high for some borrowers.

Customer Support

With 7-day customer service via phone, email, and live chat, SoFi provides exceptional accessibility. Support hours from 5am-7pm PT weekdays and 5am-5pm PT weekends exceed industry standards for availability.

Terms and Flexibility

SoFi provides clear, transparent terms with all rates disclosed upfront. Their unemployment protection feature and flexible repayment periods (2-7 years) demonstrate good borrower consideration, though some state restrictions apply.

Customer Experience

SoFi offers a streamlined application process with soft credit checks for prequalification. Additional perks like career coaching, financial planning, and networking events enhance the overall experience beyond basic lending.

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Details

Sofi Broker

Pricing, commissions & fees

Commission local0
Commission US stocks0
Withdrawal flat fee0
Inactivity fee25
Deposit fee0
Minimum deposit1

Features

Deposit with debit cardYes
Demo accountNo
Interest on uninvested fundsYes
Available on webYes
Available on iOSYes
Available on AndroidYes
Available on desktopNo
Robo advisor/assisted tradeYes
Copy trading / social tradingNo
Fractional sharesYes

Investment options

Security & Support

Regulatory bodySEC and FINRA
24/7 SupportNo
Live chatYes
Email supportYes
Phone supportYes
Community ForumsYes

Additional fields

Recommended companyYes

SoFi Invest is a robo-advisor that is ideal for investors that are just starting out. There are no management fees and you have access to low-cost ETFs (exchange-traded funds).

As a low-cost robo-advisor, SoFi Invest offers access to real-life financial advisors and this is a benefit that most other robos don't provide.

Get started with just $1

How We Rate SoFi Invest

At Financer.com, all brokers go through a thorough research and review process. Here's how we rate SoFi Invest:

CategoryRating
Investment types⭐⭐⭐⭐
Sign-up process⭐⭐⭐⭐⭐
Fees⭐⭐⭐⭐
Transparency⭐⭐⭐
Customer support⭐⭐⭐⭐
Overall⭐⭐⭐⭐

Do We Recommend SoFi Invest?

Yes, we recommend SoFi Invest as a reliable robo-advisor. Skip to our full review below and see how we rate SoFi Invest.

Here's what we'll cover in this review:

Want to skip the details? Jump to our final verdict here.

SoFi Invest Overview

Here's a quick summary of SoFi Invest:

OverviewFeatures
Loan type:Personal loans
Loan amount:$500 - $35,000
Loan term:Up to 72 months
APR:From 5.99%
Min. credit score:None
Monthly fees:None
Payout time:One business day
Weekend payout:No
Requirements:At least 18 years oldU.S. citizenActive bank accountRegular incomeValid phone number and email

SoFi Invest Pros and Cons

Here are some of the pros and cons of SoFi Invest as a robo-advisor:

Pros

SoFi Invest Fees

Who Is SoFi Invest For?

How To Sign Up with SoFi Invest

How Financer.com Rates SoFi Invest

Customer Service

Privacy and Security

SoFi Invest Alternatives

Here's a list of alternatives to SoFi Invest and how they compare:

LenderReviewsLoan AmountAPRMax. Loan TermBad Credit?
PersonalLoans.comView$500 – $35,0005.99-35.99%Up to 6 yearsYes
BadCreditLoansView$500 – $5,0005.99-35.99%Up to 2 yearsYes
CashUSA.comView$500 – $10,0005.99-35.99%Up to 6 yearsYes
Fast5KLoansView$500 – $35,0005.99-35.99%Up to 5 yearsYes

More SoFi Invest Invest Reviews

What Users On the Web Are Saying

SoFi Invest gets 4.6 out of 5 stars on Trustpilot, and is rated as 6th out of the 15 best companies in its category.

Our Commitment to Transparency

At Financer.com, we're committed to helping you with your finances. All our content abides by our Editorial Guidelines. We are open about how we review products and services in our Review Process and how we make money in our Advertiser Disclosure.

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