[Expired] SoFi Loan: Up To $1,000 Bonus (Personal, Student & Home Loans)

Deal has ended, view more SoFi deals by clicking here.

The Offer

Direct link to offer

  • SoFi Loan is offering a bonus of up to $1,000. There are four separate loans. Must register by 11/30 and complete the application with SoFi before 12/14:
    • Student loan refinancing bonus of up to $500 (Your existing student loan(s) must total a minimum of $5,000 to be eligible for refinancing)
    • Personal loan bonus of up to $500
    • Home loan bonus of up to $1,000
    • Mortgage Refinance bonus of up to $1,000

The Fine Print

  • $500 SoFi Student Loan Refinancing Bonus Offer: Terms and conditions apply. Offer is subject to lender approval, and not available to residents of Ohio. The offer is only open to new SoFi Student Loan Refinance borrowers. To receive the offer you must: (1) register and apply through the unique link provided by 11:59pm ET 11/30/21; (2) complete and fund a student loan refinance application with SoFi before 12/14/21; (3) have or apply for a SoFi Money account within 60 days of starting your Student Loan Refinance application to receive the bonus; and (4) meet SoFi’s underwriting criteria. Once conditions are met and the loan has been disbursed, your $500 welcome bonus will be deposited into your SoFi Money account within 30 calendar days. If you do not qualify for the SoFi Money account, SoFi will offer other payment options. Bonuses that are not redeemed within 180 calendar days of the date they were made available to the recipient may be subject to forfeit. Bonus amounts of $600 or greater in a single calendar year may be reported to the Internal Revenue Service (IRS) as miscellaneous income to the recipient on Form 1099-MISC in the year received as required by applicable law. Recipient is responsible for any applicable federal, state, or local taxes associated with receiving the bonus offer; consult your tax advisor to determine applicable tax consequences. SoFi reserves the right to change or terminate the offer at any time with or without notice.
  • $500 SoFi Personal Loan Bonus Offer: Terms and conditions apply. Offer is subject to lender approval, and not available to residents of Ohio. The offer is only open to new SoFi Personal Loan borrowers and may not be combined with other offers aside from the autopay discount, direct deposit discount, and direct pay discount. To receive the offer, you must: (1) register and apply through the promotion link for a SoFi Personal Loan by 11:59pm EST 11/30/21; (2) complete and fund a personal loan application with SoFi before 11:59pm EST 12/14/21; (3) have or open a SoFi Money account within 60 days after starting a personal loan application; and (4) meet SoFi’s underwriting criteria. Once conditions are met, your $500 welcome bonus will be deposited into your SoFi Money account within approximately 30 calendar days after earning the bonus. If you do not qualify for the SoFi Money Account, SoFi will offer payment via ACH transfer pending completion of a W9 form. Bonuses that are not redeemed within 60 calendar days of the date they were made available to the recipient may be subject to forfeit. Bonus amounts of $600 or greater in a single calendar year may be reported to the Internal Revenue Service (IRS) as miscellaneous income to the recipient on Form 1099-MISC in the year received as required by applicable law. Recipient is responsible for any applicable federal, state or local taxes associated with receiving the bonus offer; consult your tax advisor to determine applicable tax consequences. SoFi reserves the right to change or terminate the offer at any time with or without notice.
  • $1,000 SoFi Home Loan or Mortgage Refinance Bonus Offer: Terms and conditions apply. Offer is subject to lender approval, and not available to residents of Ohio. The offer is only open to new SoFi Home Loan and Mortgage Refinance borrowers and may not be combined with other offers with the exception of the $500 mortgage processing fee discount. To receive the offer, you must: (1) register and apply through the promotion link for a SoFi Home Loan or Mortgage Refinance by 11:59pm EST 11/30/21; (2) lock your home loan or mortgage refinance rate with SoFi before 11:59pm EST 12/14/21 and fund your home loan or mortgage refinance; (3) have or open a SoFi Money account within 60 days after starting a home loan application; and (4) meet SoFi’s underwriting criteria. Once conditions are met, your $1,000 welcome bonus will be deposited into your SoFi Money account within approximately 30 calendar days after earning the bonus. If you do not qualify for the SoFi Money Account, SoFi will offer payment via ACH transfer pending completion of a W9 form. Bonuses that are not redeemed within 60 calendar days of the date they were made available to the recipient may be subject to forfeit. Bonus amounts of $600 or greater in a single calendar year may be reported to the Internal Revenue Service (IRS) as miscellaneous income to the recipient on Form 1099-MISC in the year received as required by applicable law. Recipient is responsible for any applicable federal, state or local taxes associated with receiving the bonus offer; consult your tax advisor to determine applicable tax consequences. SoFi reserves the right to change or terminate the offer at any time with or without notice.

Our Verdict

We’ve seen the $500 personal loan deal before, but it was targeted. People have been able to do similar personal loan deals by only paying $5 in fees and interest by taking out a small loan and paying it back. These will all result in a hard pull, but definitely worth it for a relatively easy $500 if you can minimize the taxes and fees.

If considering the other loans, make sure you rate shop to ensure you’re getting the best rate as the $500/$1,000 will be quickly eaten up by higher fees/rates.

Hat tip to reader Michael

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alaskantraveler
alaskantraveler

Signed up for personal loan $75k on Oct 26. (part of the up to $1k bonus. $75k was all they would lend me) Paid all but a few dollars back immediately. Was expecting to see a bonus within 90 days. Today on a chrome browser I saw an ad. You have 75000 points click to learn more. The link errored out. You can only access points through the mobile app. I had to download the app, then opt in to the points program. My 75000 points became available immediately. Then I redeemed the points for $750 into my account, then transferred out to my personal bank.

Every Sperm is Sacred
Every Sperm is Sacred

There is a $599 bonus for personal loan now but it may be targeted. My wife got an email today about it.

Every Sperm is Sacred
Every Sperm is Sacred

I did the $20 check your rate offer and got that bonus already but haven’t proceeded with the loan yet. I am currently seeing if SOFI can apply this offer to my existing application that I haven’t proceeded with yet (no hard pull yet).

The chat support said they will need to email me back in a couple days with info on whether this offer can be applied to my current application or not. I am not super optimistic because I already did the $350 offer back in Jan 21.

Mia
Mia

Every Sperm is Sacred any luck with requesting the bonus this way?

Every Sperm is Sacred
Every Sperm is Sacred

oh yeah, I commented in the more recent SOFI personal loan post so I didn’t provide an update here. Got the bonus by the end of the same day that I applied. Closed out the loan by next day. Worked like a charm.

Matt
Matt

Some good news finally. I applied for my loan on 11/30, and got funded the next day. But unlike many (most?), I did not receive my bonus right away. I immediately paid off the loan, and after checking with several reps I was told it could take 30 days, and then some, to get the bonus, but they did confirm I qualified. Then today the bonus posted to my SoFi Money account. Glad they came through.

Bertrand
Bertrand

Glad to hear! Was this your first personal loan bonus?

Matt
Matt

Yes. First time using any SoFi products.

Every Sperm is Sacred
Every Sperm is Sacred

Maybe W9 wasn’t signed in time so there was a little delay. Anyhow glad you got the bonus!

I am hoping to do this 2nd time (first time in Jan 21)…this time for the new $599 offer (that not sure if it is targeted or public yet). Others were able to churn it. $599 is definitely worth the experian hard pull.

Sam F.
Sam F.

Anyone else fully paid off their loan, but still getting emails like: “Learn how to pay down your SoFi loan quicker.”?

Matt
Matt

Yup. Just got one last night. Just automated marketing nonsense.

EtOH
EtOH

For those of you who didn’t automatically receive the $500 bonus: has anything come in yet? I signed up but didn’t receive the bonus the same day/before the loan and nothing has come in

I guess we need to wait the full 30 days before complaining…

Matt
Matt

Same here. Still waiting. I called multiple times and was told each time that I have met the requirements but need to wait the full 30 days. We’ll see soon enough.

Buckna
Buckna

Waiting on the SL Refi bonus, they kept delaying and asked for the same info 3 days in a row, but thankfully funded on 12/13 just before the cutoff. No bonus posted yet

Michael
Michael

EtOH did you ever get the bonus??

EtOH
EtOH

No, nothing yet. Not looking hopeful considering other people’s timelines

AliM
AliM

Just spoke to SoFi customer support. This deal is active until 12/14/21.

Matt
Matt

Terms say you must apply by 11/30 and fund by 12/14.

YT
YT

Kind of a weird DP. I clicked on this $500 link at some point to look at the terms. But I had already planned to have my spouse refer me for the $300 + $300 bonus. I applied through my spouse’s referral link on 12/5. Loan was approved and funded. But now I just got a $500 bonus in my SoFi account and nothing in my spouse’s. I guess I should have cleared my cookies before clicking on the referral. I guess I should be happy with $500 but FYI, clear cookies for future promos.

Bertrand
Bertrand

I was able to successfully churn the personal loan bonus after doing the $350 bonus at the end of last year.

11/30 – Applied for personal loan, went to review
12/2 – Loan approved and documents signed, but verification of bank account for funding failed so further documentation requested
12/6 – Bank account approved and loan funded. $500 bonus deposited into my SoFi Money account a few hours later.

qmc
qmc

DP: 11/30 applied. 12/02 proof of income requested and submitted, and loan docs ready for signing. 12/06 am signed (trying to avoid paying interest over the weekend while disbursement still pending). “Disbursed in a few days” … 12/02 pm $500 bonus posted. Loan hasn’t disbursed yet.

Andrew
Andrew

Does anybody know what happens if you started an application before 11/30 but haven’t submitted it yet? The language in the T&Cs seems ambiguous.

I either missed the deadline, or possibly have until 12/14 to wrap things up…

Matt
Matt

Terms say you “must register and apply” by 11/30. If you didn’t submit the application yet, it’s too late now.