Update 4/12/23: Looks to be available again as a public link. You also need a SoFi Checking and Savings or have a SoFi Money account to receive the bonus.
Update 10/30/22: This offer is back as a targeted email offer now
Update 7/3/22: I believe this is now a public offer at this link. Valid through July 5th. (ht Ryan) See also this comment for info on the impact on your credit.
Update 6/27/22: Offer has been sent out again, now as a targeted email offer. Bonus is $600 now instead of $599. (Email subject: Special offer enclosed: <your name>, a $600 bonus could be coming your way) (ht RobertL)
Update 4/24/22: Offer available again, this time sent out via e-mail and no direct link.
The Offer
- SoFi is offering a bonus of $600 when you’re approved for a personal loan
Our Verdict
Previously this has been as high as $500, but publicly available. People have been able to complete this before by only paying $5 in fees and interest by taking out a small loan and paying it back. This will result in a hard pull. Unfortunately this is only for new personal loan customers, so won’t be able to churn it if you’ve done it before.
Hat tip to vaudevillevik
William Charles
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