Credit card debt consolidation loans

Consolidate your credit
card debt with lower
interest and save.

Transfer high-interest credit card balances to a personal loan
from $5K-$100K
to reduce your monthly payments so you can
save money.

View your rate

Checking your rate will not affect your credit score.†︎

Real reviews from SoFi members who’ve
successfully paid off over $33B in credit card debt.

Ready to join them? Apply for a debt consolidation loan with SoFi.

The savings and experiences of members herein may not be representative of the experiences of all members.
Savings are not guaranteed and will vary based on your unique situation and other factors.

Real reviews from SoFi members who’ve
successfully paid off over $33B in credit card debt.

Ready to join them? Apply for a debt consolidation loan with SoFi.

The savings and experiences of members herein may not be representative of the experiences of all members.
Savings are not guaranteed and will vary, based on your unique situation and other factors.

Received a mailer from us? Enter confirmation #

A SoFi credit card consolidation
loan could help lower monthly payments.

  • Lower interest rates

    Save money by securing a lower fixed APR.

  • Simplified payments

    Stop juggling multiple bills. Manage one easy monthly payment.

  • Lower your credit utilization

    A personal loan for debt consolidation could help improve your credit score.

  • No fees required

    Transparency matters. Enjoy a no-fees-required borrowing experience.

View your rate

✓ Checking won’t affect your credit score.†︎

What is a credit card consolidation loan? Expand to learn more.



Why SoFi for credit card consolidation loans?

View your rate

✓ Checking won’t affect your credit score.†︎

Fast and easy application process

View your debt consolidation loan rate in a minute. Literally.

Flexible loan options

Choose payment terms that fit your needs. And your wallet.

Pay lenders directly

Choose Direct Pay and we’ll pay your lender up front so you don’t have to. Plus, you’ll receive a 0.25% rate discount.2

24/7 member support and financial guidance

Our team is here when you need us. Give us a call for a no-cost consultation at 855-456-7634.

See how a SoFi debt consolidation personal loan
could save you money.

Many credit card holders opt to use a balance transfer to consolidate their debt, but this move often leaves people with the same problem they started with: high-interest credit card debt. With a debt consolidation loan, your low fixed rate won't increase for the life of the loan--compared to just transferring your debt to another card.

View your rate

Checking won’t affect your credit score.†︎.

Example chart shows calculations based on a 5 year SoFi Personal Loan with a fixed rate of 14.90% APR, which is the rounded average median funded APR for SoFi Personal Loan borrowers who took out a loan with a 5 year term" from April 1 2023 - April 1 2024. Lowest rates are reserved for the most qualified borrowers. The 'High-Interest Rate Credit-Card' APR shown is the average credit card APR reported by Wallethub for Q1 2024 under their Good Credit category. The savings estimate also assumes that the borrower doesn't take out any additional credit card debt during the same period. Both calculations assume 60 total monthly payments, no origination fee option selected and no pre-payment amounts.

Personal loans calculator illustration

Run the numbers with our debt consolidation calculator.

See how a credit card consolidation loan could save you money.
Debt Consolidation Calculator

How to get a debt consolidation loan online:

  1. View your rate.

    Get prequalified with no fees required and no obligation.

  2. Select your loan and apply.

    Choose the bill consolidation loan that works for you and complete your application.

  3. Receive your funds.

    Sign your document and funds are wired to your account—as soon as the same day.1

View your rate

Checking won’t affect your credit score.†︎.

Which credit card consolidation option
is right for you?

Whether you’re searching for debt relief loans or balance transfers for credit card debt, we’re here to
help. SoFi offers personal loan debt consolidation to help you take back control of your financial future.

  • Transfer Fee
  • Amount
  • Rate Increases
  • Payments Go Towards Original Prinicpal

  • No fees required

  • $5,000 to $100,000

  • Your rate will never increase over the life of your loan.

  • Always

Balance Transfer for Credit Card Debt

  • Typically 3%-5%³

  • Limited by available credit balance--may be capped at 75%.⁴

  • Your APR will likely increase after a short intro period.

  • Not always


3SOURCE: CreditKarma.com accessed on 1/29/24.

4SOURCE: Bankrate “What Is the Limit for a Balance Transfer Card?” accessed on 1/29/24.

FAQs

Credit card consolidation can save you money on interest if you're able to qualify for a lower interest rate. This could help you get out of debt faster, as more of your money will go toward paying off your debt instead of toward interest payments.
Applying for a debt consolidation loan requires a firm understanding of your credit, the amount of debt you are carrying, and remaining payments.
Three types of debt are commonly consolidated: credit card debt, medical debt, and high-interest personal loan debt. You may reduce the overall cost of repayment by securing better terms and interest. You'll also have a single payment to keep track of instead of several.
To check the rates and terms you qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull.
SoFi personal loans have fixed rates ranging from 8.99% APR to 29.49% APR. Your actual rate will be within the range of rates listed and will depend on the term you select, evaluation of your creditworthiness, income, and a variety of other factors. The lowest rate reflects the 0.25% autopay interest rate discount and a 0.25% direct deposit interest rate discount. SoFi rate ranges are current as of and are subject to change without notice.
Consolidating credit card debt does not cause you to lose your credit cards. It merely wipes out the debt on each card you include in the consolidation.
The easiest way to pay is to log in to the SoFi Android or iOS app, or log in to SoFi.com and make payments electronically via ACH, the same secure way most people get paid by their employers. Even better, setting up automatic payment by ACH earns you a 0.25% discount on your rate. You can also set up online bill pay to SoFi through your bank, or you can send in a paper check. Note that we do not currently accept payment via credit card.
You are welcome to make a larger payment than your current amount due and can pay off your loan at any time via your sofi.com account. There are no prepayment penalties should you decide to make additional payments.
You can contact us via chat or call us at (855) 456-SOFI (7634), Monday–Thursday 5am–7pm PT, Friday–Sunday 5am–5pm PT.

See more FAQs

Get a personalized
credit consolidation loan quote in 60 seconds.

Fast, easy, safe. Apply for a debt consolidation loan and view your rate with our secure online application.

View your rate

Checking won’t affect your credit score.

† To check the rates and terms you may qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.

Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or other eligible status, be residing in the U.S., and meet SoFi's underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates reserved for the most creditworthy borrowers. If approved, your actual rate will be within the range of rates at the time of application and will depend on a variety of factors, including term of loan, evaluation of your creditworthiness, income, and other factors. If SoFi is unable to offer you a loan but matches you for a loan with a participating bank, then your rate may be outside the range of rates listed above. Rates and Terms are subject to change at any time without notice. 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 2022 was around $30K. Information current as of 6/2/23. SoFi Personal Loans originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org). See SoFi.com/legal for state-specific license details. See SoFi.com/eligibility for details and state restrictions.

Fixed rates from 8.99% APR to 29.49% APR reflect the 0.25% autopay interest rate discount and a 0.25% direct deposit interest rate discount. SoFi rate ranges are current as of 1/23/25 and are subject to change without notice. The average of SoFi Personal Loans funded in 2023 was around $33K. Not all applicants qualify for the lowest rate. Lowest rates reserved for the most creditworthy borrowers. Your actual rate will be within the range of rates listed and will depend on the term you select, evaluation of your creditworthiness, income, and a variety of other factors.

Loan amounts range from $5,000– $100,000. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 0%-7%, which will be deducted from any loan proceeds you receive.

5 Autopay: The SoFi 0.25%autopay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. Autopay is not required to receive a loan from SoFi.

7 Direct Deposit Discount: To be eligible to potentially receive an additional (0.25%) interest rate reduction on your Personal Loan (your "Loan"), you must set up Direct Deposit with a SoFi Checking and Savings account offered by SoFi Bank, N.A., or enroll in SoFi Plus by paying the SoFi Plus Subscription Fee, all within 30 days of the funding of your Loan. Once eligible, you will receive this discount during periods in which you have enabled Direct Deposit to an eligible Direct Deposit Account in accordance with SoFi’s reasonable procedures and requirements to be determined at SoFi’s sole discretion, or during periods in which SoFi successfully receives payment of the SoFi Plus Subscription Fee. This discount will be lost during periods in which SoFi determines you have turned off Direct Deposit to your Checking and Savings account or in which you have not paid the SoFi Plus Subscription Fee. You are not required to enroll in Direct Deposit or to pay the SoFi Plus Subscription Fee to receive a Loan.

§ Awards or rankings are not indicative of future success or results. Neither SoFi Bank, N.A. nor its employees paid a fee in exchange for ratings. Awards and ratings are independently determined and awarded by their respective publications.

‡ Same-Day Personal Loan Funding: 83% of typical SoFi personal loan applications, excluding Direct Pay personal loans and personal loan refinance, from January 1, 2023–January 1, 2024 that were signed before 6pm ET on a business day were funded the same day.

^ Direct Pay: Terms and conditions apply. Offer good for personal loan customers with credit cards and personal loans in their name only and subject to lender approval. To receive the offer, you must: (1) register and/or apply through this landing page; (2) complete a loan application with SoFi within 90 days of your application submit date; (3) meet SoFi’s underwriting criteria; (4) apply 50% or more of your loan proceeds directly to your lenders/creditors. Once conditions are met and the loan has been disbursed, the interest rate shown in the Final Disclosure Statement will include an additional 0.25% rate discount. SoFi reserves the right to change or terminate the Direct Pay Rate Discount Program to unenrolled participants at any time with or without notice. It takes about 3 business days for your creditor/lender to receive payment after your loan is signed. You will be responsible for making all required payments to avoid credit card and other loan fees.

Excellent/4.4/5 star rating based on 9,067 reviews as of January 1, 2025. © 2025 Trustpilot, Inc. All rights reserved.

How long do I need to wait to reapply after my Personal Loan application has been declined? You will need to wait at least 30 days before re-applying for a Personal Loan with the same borrower(s). You are welcome to retry at any time with a co-borrower, if the previous application was as a single borrower. If you initially applied with a co-borrower, you can retry as a single borrower or with a different co-borrower.