SuperMoney vs. SoFi Comparison

5.99-36%

8.99-15.99%

$500-$100K

$5K-$100K

• Marketplace

• Direct

• Unsecured Personal Loans

• Unsecured Personal Loans

• Credit Card Refinance
• Debt Consolidation
• Home Improvement
• Medical Expenses

• Credit Card Refinance
• Debt Consolidation
• Home Improvement
• Major Purchase
• Medical Expenses
• Relocation
• Vacation
• Wedding

• Large network of lenders
• Low credit scores can be approved
• Personal loans available in all 50 states

• Personal loan application process is easy and only takes a few minutes to complete
• Soft credit check that doesn’t affect your credit score and gives you personalized rates
• Fixed and variable rate loans available ranging from $5,000 to $100,000
• No late or origination fees required
• Excellent customer support team
• Online autopay comes with a discount on interest
• Exclusive benefits for members (ex. networking events and access to financial advisors)
• Unemployment Protection feature comes with a temporary payment pause (up to 12 months)
• No prepayment penalties

• No phone support from SuperMoney
• Not a direct lender

• May take up to 4 days to receive funds after approval (longer than other online lenders)
• High eligibility requirements (ex. good credit and sufficient income)

2.99-20.99%

Max $100K

• Marketplace

Min 2.9%

• One application allows borrowers to compare multiple lenders
• Some lender partners work with poor credit
• Leasing and refinancing loans available

• Weak customer service – must submit request for help through SuperMoney site
• Borrowers who have less than great credit could pay high interest rates

$10K

• Lots of info on lenders
• Easy-to-use lender comparison tools
• Great customer service
• Offers personalized rates
• Personal loans available in all 50 states

• SuperMoney does not issue loans themselves
• Currently no phone support

• Currently Not Collectible Cases
• Installment Plans
• Dealing with the IRS
• Innocent Spouse Relief
• IRS Tax Discharge
• IRS Tax Expiration
• Levy Release
• Offer in Compromise
• Payroll Tax Debt Relief
• Penalty Abatement
• Stop Wage Garnishment
• Tax Lien Removal
• Tax Preparation and Planning
• Unfiled Tax Returns
• Audit Representation
• Criminal Tax Defense
• Fresh start IRS program
• Federal tax
• State tax
• PPIA
• OOIC

• Flat rate
• service based

• Transparency
• Great customer service
• Tax relief services in all 50 states
• Free consultation

• No phone customer support

4.29-4.67%

• Mortgage Purchase
• Mortgage Refinance
• Jumbo

• Fast online prequalifications
• Interest rates fall below the national average
• Custom rate with soft credit inquiry

• Doesn’t offer FHA or USDA loans
• No branch locations (everything happens online or in the app)
• Rate lock not available for all loans

$5K-$500K

• Private student loans
• Student loan refinance

• Student loans have competitive rates and no hidden fees
• Qualified education loans are eligible for refinancing
• Membership benefits and discounts
• Flexible repayment plans and deferment available

• Higher eligibility requirements than other student loan lenders (ex. 650 minimum credit score)
• Not all student loans come with a cosigner release option (though you may be able to remove the cosigner by refinancing)

• Checking
• Savings

• You can earn up to 0.50% APY on your checking account balance
• You can earn up to 4.60% APY on your savings account balance
• No monthly maintenance fees

• SoFi does not have any physical branches
• SoFi Savings is not available in all states