[Targeted] SoFi Loan: $500 Bonus

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The Offer

Targeted offer sent out via e-mail, subject line is unknown

  • SoFi is offering some members $500 if they sign up for a loan.
    • Must view rate by 8/24
    • Must finish application by 8/27
    • Open a SoFi Money account if you don’t have one already
    • Receive $500 bonus roughly 30 days after taking out loan

The Fine Print

  • The offer is only open to new 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 8/23/2021; (2) complete a loan application with SoFi before 11:59pm EST 8/26/2021; (3) have or apply for a SoFi Money account within 30 days after starting a personal loan application; (4) meet SoFi’s underwriting criteria; and (5) take out a SoFi personal loan.

Our Verdict

There is a $300 bonus via referral, that might be a better option if you’re referring somebody you know as the total bonus is effectively $600. You should be able to take out a small loan and then repay it once the bonus has hit your account to make this a nice and profitable deal (previously people have been able to complete similar deals by only paying $5 in interest and fees).

Hat tip to FM





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