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How long before funds are received with sofi.com?

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How long before funds are received with sofi.com?

I applied for a personal loan with sofi.com on Monday. It was approved. Today someone called me to verify my information. She said I would have the funds in a couple of days. When I logged in, it says that my loan has been fully funded. This is probably a stupid question, but what exactly does "fully funded" mean? How long did it take you to receive the funds in your bank account once your status said fully funded?

 

I've never had a personal loan. I'm doing this to consolidate my credit card debt but now I'm super nervous about it.

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Senior Contributor

Re: How long before funds are received with sofi.com?

When mine said fully funded the funds were in my account the next day. What product did you get? What are your terms?

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Regular Contributor

Re: How long before funds are received with sofi.com?


@Tessa1980 wrote:

I applied for a personal loan with sofi.com on Monday. It was approved. Today someone called me to verify my information. She said I would have the funds in a couple of days. When I logged in, it says that my loan has been fully funded. This is probably a stupid question, but what exactly does "fully funded" mean? How long did it take you to receive the funds in your bank account once your status said fully funded?

 

I've never had a personal loan. I'm doing this to consolidate my credit card debt but now I'm super nervous about it.


They called me at 8:00am ET last Thursday, it was in my checking account the next morning.


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