Think twice before turning to high-interest credit cards. Consider a SoFi personal loan instead. SoFi offers competitive fixed rates and same-day funding. See your rate in minutes. SoFi’s Personal Loan was named NerdWallet’s 2024 winner for Best Personal Loan overall. FAQ Are there loans for 18-year-olds without a job?, SoFi Personal Loans can be used for any lawful personal, family, or household purposes and may not be used for post-secondary education expenses. Minimum loan amount is $5,000. The average of SoFi Personal Loans funded in 2023 was around $33K. Information current as of 2/26/24. SoFi Personal Loans originated by SoFi Bank, N.A. Member FDIC., Personal loans with no credit check may be an option but beware sky-high interest rates and fees. Here are key things to know. Awarded Best Personal Loan by NerdWallet. Apply Online, Same Day Funding . No Credit Check Loans: Borrower Beware. Rather than a set interest rate, payday loans will often charge $10 to $30 for every $100 borrowed. , That means you can get approved and funded the same day. * The Takeaway. Personal loans can offer flexibility when you’re looking for funds for a variety of uses, and they typically have lower interest rates than credit cards. Depending on your financial needs and financial circumstances, there may be a personal loan that fits., Awarded Best Online Personal Loan by NerdWallet. Apply Online, Same Day Funding. • Personal loans Personal loans are typically unsecured vs. secured personal loans, though some lenders offer secured options. Loan amounts range from $1,000 to $50,000 or $100,000 (and occasionally more), with repayment terms of two to eight years. , You are not required to enroll in direct deposits to receive a Loan. ‡ Same-Day Personal Loan Funding: 82% of typical SoFi Personal Loan applications, excluding Direct Pay Personal Loans and Personal Loan refinance, from January 1, 2022 to December 31, 2022 that were signed before 7pm ET on a business day were funded the same day..