SoFi reviews: online products of the companyThe first service is called SoFi student loans. This company is known as the best refinancer of student debts. The key conception of a student debt refinancing program is an exchange which matches graduates and students of accredited universities and educational programs with the investors. Together they provide student lending refinancing funds that allow borrowers to lower interest rates. The next useful product is SoFi personal loan. If you’ve decided to make a big purchase but don’t have enough money, SoFi bank can offer them to you. There are no extra fees, no penalties for early repayment of the balance, no commissions, only low rates and a range of other great benefits members can get. That’s how SoFi loan refinance is able to deal with your personal debt the way it works just for you. These are the two most popular and demanded services provided by the company. However there are many more options for borrowers, among them:
- Parent Refinancing;
- Term Life Insurance;
- Mortgage Refinancing;
Advantages and disadvantages of servicesBefore start to use the online lender, you should first consider the positive and negative sides of it, which are given below. Moreover, the perfect online lending is the one fits exactly to borrower’s needs. Pros:
- Good credit options available;
- Moderate interest rates;
- Unemployment protection;
- Auto payment;
- Minimal risk;
- Flexible terms.
- Service offers refinancing student mortgages, but not the new ones;
- The process of getting a time payment with the help of company is a little slow;
- SoFi financial services are available only for borrowers whose credit score higher than 680.