Making a SoFi loan payment is a straightforward process, allowing borrowers to manage their student, personal, or home loans efficiently. You can pay via the SoFi app, online at SoFi.com, or by contacting customer service for alternative methods like mailing a check. Simply log in to your account, navigate to the payments section, and choose your payment type and method, such as ACH for secure electronic payments. Enter the payment details, confirm the transaction, and your payment will be processed. SoFi also offers options for one-time payments, recurring payments, and full loan payoffs, ensuring flexibility and convenience for all borrowers.
Make Payments Online Through the Bank Account
Log into Your SoFi Account. Start by logging into your SoFi account using your username and password. This will take you to your account dashboard.
Navigate to the Payment Section. Once you're in your account, look for the section where you can manage your payments. This is usually labeled as “Payments” or “Loan Payments.”
Make a 1-time Payment. Select the option to ‘Make a 1-time payment.' This will allow you to make a single payment towards your loan balance.
Select Payment Type. For “Payment type,” select “payoff.” This option is used if you are looking to pay off your loan in full.
Enter Payment Details. Enter the date you would like the payment to post and the bank account you would like the payment to withdraw from. Make sure the bank account information is accurate to avoid any delays.
Generate a Payoff Letter (Optional). If you would like to generate a payoff letter, you can select that option here as well. A payoff letter provides the exact amount required to pay off your loan, including any interest accrued up to the payoff date.
Mail a Check. If you prefer to mail a check with the payoff amount, please contact SoFi at 855-456-7634. They will provide instructions on how to process the payment via mail.
Cut-off Time for Same-Day Payments. Please be advised the cut-off time for same-day payments is critical. Ensure you complete your transaction before this time to have your payment processed on the same day.
Make Payments Through the App
Download the SoFi App. If you haven't already, download the SoFi app from the Google Play Store for Android or the Apple App Store for iOS.
Log into Your SoFi Account. Open the app and log in using your SoFi account credentials.
Navigate to Payments. Once logged in, navigate to the “Payments” section within the app. This is typically found in the main menu or dashboard.
Select Payment Method. Choose to make payments electronically via ACH. ACH (Automated Clearing House) is a secure payment method similar to how most people get paid by their employers.
Enter Payment Details. Enter the amount you wish to pay and the bank account from which you want the funds to be withdrawn. Make sure all the details are correct to ensure a smooth transaction.
Confirm Payment. Review the payment details and confirm the transaction. Once confirmed, your payment will be processed securely.
Make Payments Through a Different Bank
Log into Your SoFi Account. Start by logging into your SoFi account either via the SoFi app or SoFi.com using your username and password.
Navigate to the Payment Section. Once logged in, go to the “Payments” section. This can usually be found in your account dashboard or main menu.
Select or Add a New Bank Account. In the payment section, choose to add a new bank account. Enter the necessary bank details, including the bank name, account number, and routing number. Make sure the information is accurate to avoid any issues.
Choose Payment Amount and Date. Enter the amount you wish to pay and select the date you want the payment to be posted. Verify that the new bank account is selected as the payment source.
Confirm and Submit Payment. Review all the payment details, ensuring that everything is correct. Confirm and submit your payment. The funds will be withdrawn from the newly added bank account.
Via ATM
Find a Participating ATM. Locate an ATM that supports loan payments and accepts deposits to SoFi accounts. Check SoFi’s website or contact customer support for a list of compatible ATMs.
Insert Your Debit Card. Insert your SoFi debit card into the ATM and enter your PIN to access your account.
Select Loan Payment Option. Navigate through the ATM menu to find the “Loan Payment” or similar option. Select this option to proceed.
Enter Payment Details. Input the amount you wish to pay towards your SoFi loan. Confirm the bank account or source from which the funds will be deducted.
Confirm and Complete Transaction. Review the payment details and confirm the transaction. The ATM will process your payment and provide a receipt for your records.
