REVIEW DAY 3

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PL Feauture and Eligibility

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Sanchia Marie Dawit

Hong Kong

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REVIEW DAY 3


Froggy Jumps REVIEW DAY 3Versión en línea PL Feauture and Eligibility por Sanchia Marie Dawit 1 Which of the following is NOT an acceptable use of a Personal Loan? a Home repairs b Debt consolidation c Real estate investment 2 How does interest accrue on a Personal Loan? a Monthly compound interest b Annual accrual c Daily Simple interest 3 When are loan funds typically disbursed? a After the member signed the documents b Before signing documents c Immediately after application 4 Which repayment term is available for Personal Loans? a 2 to 10 years b 2, 3, 4, 5, 6, 7, or 10 years c 2,3,4,7,9 or 10 years 5 Which address is acceptable on the application? a U.S. residential address b P.O. Box c Temporary hotel address 6 How many active Personal Loans may a member have? a One b Two c Up to Three 7 What is required before refinancing a current SoFi Personal Loan? a at least one payment b three advance payments c Three on-time payments 8 What is the minimum payoff amount for Direct Pay? a $50 b $100 c $5000 9 Can Direct Pay be used to pay off another SoFi Personal Loan? a YES b Maybe c NO 10 Are there prepayment penalties on Personal Loans? a Yes, for the first 6 months b Depends on loan amount c NO 11 Loan funds may be disbursed directly to the member's bank account. a TRUE b FALSE c Maybe 12 How long does a Personal Loan offers are locked? a 15 calendar days b 5 business days c 15 mailing days 13 Members existing Personal Loans must be in good standing before refinancing. a TRUE b FALSE c IT DEPENDS ON THE AMOUNT REQUESTED 14 A SoFi Personal Loan can be used for the following EXCEPT. a SoFi Credit Card. b SoFi Personal Loan c External Personal Loans 15 What type of loan is a SoFi Personal Loan? a Unsecured installment loan b Secured installment loan c Secured installment loan 16 What is the minimum Personal Loan amount in most states? a $5000 b $50000 c $500 17 During Immediate Repayment, payments begin approximately: a 15 days after funding b 30 days after disbursement c Immediately after disbursemen 18 There are additional fees for the Low Intro Payment Program. a TRUE b Maybe c FALSE 19 Loans delinquent more than 60 days meet good standing criteria. a TRUE b Maybe c FALSE 20 Applicants may qualify with an offer for a Personal loan as long as they have at least future employment within 90 days. a TRUE b Maybe c FALSE

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REVIEW DAY 3

Froggy Jumps

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Creada por

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Froggy Jumps

REVIEW DAY 3Versión en línea

por Sanchia Marie Dawit

Which of the following is NOT an acceptable use of a Personal Loan?

How does interest accrue on a Personal Loan?

When are loan funds typically disbursed?

Which repayment term is available for Personal Loans?

Which address is acceptable on the application?

How many active Personal Loans may a member have?

What is required before refinancing a current SoFi Personal Loan?

What is the minimum payoff amount for Direct Pay?

Can Direct Pay be used to pay off another SoFi Personal Loan?

Are there prepayment penalties on Personal Loans?

Loan funds may be disbursed directly to the member's bank account.

How long does a Personal Loan offers are locked?

Members existing Personal Loans must be in good standing before refinancing.

A SoFi Personal Loan can be used for the following EXCEPT.

What type of loan is a SoFi Personal Loan?

What is the minimum Personal Loan amount in most states?

During Immediate Repayment, payments begin approximately:

There are additional fees for the Low Intro Payment Program.

Loans delinquent more than 60 days meet good standing criteria.

Applicants may qualify with an offer for a Personal loan as long as they have at least future employment within 90 days.