Social Finance is a financial technology company that provides personal loans, student loan refinancing, and banking services to consumers. The company offers online lending products and financial services designed to help individuals manage debt, save money, and achieve their financial goals. Social Finance operates primarily through digital platforms to deliver streamlined financial solutions to its customers.
Reviewers consistently report positive experiences with Social Finance. Customers often highlight loan, rates, sofi, process.
A minority mention drawbacks around app needs, app needs work, needs, needs work. Overall sentiment is strongly positive with an average rating of 3.9 stars across 12 reviews.
Summary generated with AI from recent reviews
Same method for every company: overall rating, legitimacy checks, the average rating of reviews mentioning each area and the 6-month trend · Money & Insurance.
| Company | Overall | Legit | Trend | Reviews |
|---|---|---|---|---|
Social FinanceThis company | — | 33 out of 100 | — | 0 |
| 4.2 out of 5 (good) | 100 out of 100 | — | 1,200 | |
| 4.7 out of 5 (good) | 100 out of 100 | — | 1,060 | |
| 4.8 out of 5 (good) | 100 out of 100 | — | 1,060 | |
| 4.8 out of 5 (good) | 100 out of 100 | — | 1,060 |
12 reviews of Social Finance. Filter by what matters to you.
10 months ago
Having my checking, savings, and investment accounts all in one place is incredibly convenient. The interest rates on savings are solid and there are no account fees which is refreshing. The financial... See more
10 months ago
While I love their banking and lending products, the insurance offerings feel like an afterthought. Limited options and not particularly competitive pricing compared to dedicated insurance providers.... See more
10 months ago
While I appreciate the financial products offered, the mobile app crashes frequently and sometimes transactions don't show up immediately. It's frustrating when you're trying to manage your finances o... See more
10 months ago
Made the switch from a traditional bank and haven't looked back. No monthly fees, good ATM network, and the interest rates actually make my money work for me.
Quick answers to the questions people ask most.
SoFi offers student loan refinancing, personal loans, mortgages, investment services, banking products, and insurance. They focus on providing comprehensive financial services to help members achieve financial independence.
You can contact SoFi customer support through their mobile app, website chat, or by calling their customer service line. Support is available 7 days a week with extended hours for most services.
SoFi typically requires good to excellent credit, stable income, and strong financial history. Specific requirements vary by product, but they generally look for creditworthy borrowers with steady employment.
SoFi Money (their cash management account) has no account fees, minimum balance requirements, or overdraft fees. They also reimburse ATM fees worldwide and don't charge foreign transaction fees.
Personal loan approval can happen within minutes to a few business days. Mortgage and refinancing applications typically take 30-45 days to complete, depending on documentation and verification requirements.
The refinancing process involves completing an online application, providing financial documentation, and undergoing a credit check. SoFi will review your application and provide rate quotes if you qualify.
SoFi's cash management accounts are FDIC insured up to $2 million through their partner banks. Investment accounts are protected by SIPC insurance, but investments themselves are subject to market risk.
Anyone can write a CrowdTrust review. People who write reviews have ownership to edit or delete them at any time, and they'll be displayed as long as an account is active.
Having my checking, savings, and investment accounts all in one place is incredibly convenient. The interest rates on savings are solid and there are no account fees which is refreshing. The financial planning tools have helped me stay on track with my goals.
While I love their banking and lending products, the insurance offerings feel like an afterthought. Limited options and not particularly competitive pricing compared to dedicated insurance providers. Would be nice to see them expand this area.
While I appreciate the financial products offered, the mobile app crashes frequently and sometimes transactions don't show up immediately. It's frustrating when you're trying to manage your finances on the go. The web platform works better but isn't as convenient.
Made the switch from a traditional bank and haven't looked back. No monthly fees, good ATM network, and the interest rates actually make my money work for me.
Refinanced my student loans and saved over $200 per month! The process was smooth and they kept me updated throughout. The member benefits like career coaching are a nice bonus that I didn't expect.
The automated investing feature is great for someone like me who doesn't have time to actively manage a portfolio. Low fees and decent returns so far. The financial advisor access is helpful when I have questions about my strategy.
As someone just starting my career, SoFi has been perfect. The member events and networking opportunities are unique perks you don't get with traditional banks. Plus the financial education resources have been really valuable.
I've been using SoFi for my student loan refinancing and personal loan needs for about 2 years now. The interest rates are definitely competitive and better than what I was getting elsewhere. The mobile app is pretty intuitive and makes managing payments easy. However, when I needed to contact customer service about a payment issue, it took several days to get a proper response. Overall satisfied but they need to improve their support response times.
It's a fine financial platform with reasonable rates and features. Nothing particularly stands out as amazing, but it gets the job done. I appreciate the no-fee structure and the user interface is clean and modern.
Got my mortgage through SoFi and the experience was much better than I expected. The loan officer was responsive and helped me understand all my options. Closing was on time and rates were competitive with other lenders I shopped.
The application process was straightforward and approval was quick. However, the loan terms weren't as favorable as initially advertised online. Still decent rates compared to traditional banks, but not the game-changer I expected.
Needed a personal loan for home improvements and SoFi came through with a competitive rate and quick funding. The fixed rate gives me peace of mind knowing exactly what I'll pay each month. The whole process from application to funding took less than a week.
Yes, you can access your SoFi accounts anytime through their mobile app or website. Online banking services are available 24/7, though some features may be temporarily unavailable during maintenance windows.
Interest rates vary by product and are subject to change based on market conditions and your creditworthiness. You can view current rates on their website or get personalized rate quotes by completing a soft credit check application.
Social Finance is a financial technology company that provides personal loans, student loan refinancing, and banking services to consumers. The company offers online lending products and financial services designed to help individuals manage debt, save money, and achieve their financial goals. Social Finance operates primarily through digital platforms to deliver streamlined financial solutions to its customers.
