It’s not necessarily hard to get a personal loan with SoFi, but approval is based on factors such as credit history, income, and other financial information. SoFi’s underwriting process is thorough, but if you meet their requirements, you could receive a competitive interest rate and loan terms that suit your needs.

SoFi’s hardship program allows borrowers to temporarily suspend their loan payments due to unexpected financial difficulties such as job loss or illness. If approved, borrowers can pause their payments for up to three months at a time, for a total of 12 months over the life of the loan. Interest will continue to accrue during this time, but SoFi will not charge late fees or report missed payments to credit bureaus.

Yes, you can refinance a loan with SoFi. In fact, one of SoFi’s main offerings is loan refinancing, which can help you save money by reducing your interest rate and monthly payments. Whether you have a personal loan, student loan, or mortgage, SoFi offers competitive rates and flexible terms that can help you achieve your financial goals.