Yusra3
VIP Contributor
When it comes to personal loans, Discover and SoFi are two reputable lenders worth considering. However, there are some key differences to factor in.
Discover personal loans range from $2,500 to $35,000 with fixed rates from 6.99% to 24.99% APR. There are no origination fees, and you can change your due date once during your loan term. Discover also offers free access to your FICO credit score.
SoFi personal loans start at $5,000 up to $100,000 with fixed rates currently between 7.99% and 23.43% APR including an origination fee up to 4.99%. SoFi allows unemployment protection which lets you temporarily pause monthly payments if you lose your job.
While SoFi caps higher loan amounts, Discover's lower minimum could make smaller loans more accessible. SoFi provides unemployment protection lacking with Discover. Evaluate your loan needs, credit profile, and debt management preferences when choosing the better personal loan option for your situation...
Discover personal loans range from $2,500 to $35,000 with fixed rates from 6.99% to 24.99% APR. There are no origination fees, and you can change your due date once during your loan term. Discover also offers free access to your FICO credit score.
SoFi personal loans start at $5,000 up to $100,000 with fixed rates currently between 7.99% and 23.43% APR including an origination fee up to 4.99%. SoFi allows unemployment protection which lets you temporarily pause monthly payments if you lose your job.
While SoFi caps higher loan amounts, Discover's lower minimum could make smaller loans more accessible. SoFi provides unemployment protection lacking with Discover. Evaluate your loan needs, credit profile, and debt management preferences when choosing the better personal loan option for your situation...
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