For the So Fi variable rate loan, the 1-month LIBOR index will adjust monthly and the loan payment will be re-amortized and may change monthly.
Payment example: Monthly payments for a $5,000 loan at 12.8% APR with a term of 3 years would result in 36 monthly payments of $168. Advertised rates and terms are subject to change without notice. Variable rates from 5.74% APR to 14.700% APR (with Auto Pay). Your actual rate will be within the range of rates listed above and will depend on a variety of factors, including evaluation of your credit worthiness, years of professional experience, income and other factors. Interest rates on variable rate loans are capped at 14.95%.
So Fi rate ranges are current as of July 17, 2019 and are subject to change without notice. Lowest variable rate of 5.74% APR assumes current 1-month LIBOR rate of 2.41% plus 4.28% margin minus 0.25% Auto Pay discount.
The loan term and the APR offered will depend on your credit score, income, debt payment obligations, loan amount, credit usage history and other factors.
Additionally, the APR offered is impacted by your loan term and may be higher than our lowest advertised rate.
Rates will vary based on many factors, such as your creditworthiness (for example, credit score and credit history) and the length of your loan (for example, rates for 36 month loans are generally lower than rates for 72 month loans).
Your maximum loan amount may vary depending on your loan purpose, income and creditworthiness.
Disclaimer Your loan terms are not guaranteed and are subject to our verification of your identity and credit information.
To obtain a loan, you must submit additional documentation including an application that may affect your credit score.
In order to be eligible for a second Best Egg loan, your existing Best Egg loan must have been open for at least four months.
Total existing Best Egg loan balances must not exceed ,000.
Disclaimer For example, a three-year ,000 loan with a Prosper Rating of AA would have an interest rate of 5.31% and a 2.41% origination fee for an annual percentage rate (APR) of 6.95% APR.