MoneyLion vs SoFi

MoneyLion is a costly credit builder loan with membership fees and high APRs. How does it compare to SoFi? Read our comparison chart below.

	MoneyLionDaveChaseDiscover BankBank of AmericaCIT BankRobinhood
	Learn More	Learn More
	MoneyLion	SoFi
	SPECIAL OFFER Up to $500 Instacash℠ advances - Learn More Read MoneyLion Review	OFFER Refinance Student Loans - Learn More Read SoFi Review
	Benefits and Features
Savings		3.80% APY on savings balances with direct deposit or qualifying deposits (1.00% APY without)
CD		N/A
Checking		0.50% APY on checking balances
Mobile App	Yes	iOS & Android
	CreditDonkey® Reviews
Fees
Credit Building Tools
Credit Bureaus Reporting
Mobile App
Interest Rates
Eligibility
Pros & Cons	Pros: Access your loan funds upfront Reports to 3 credit bureaus Free credit monitoring Cons: $19.99/month membership fees Not available in all states	Pros: Competitive, fixed rates Low fees No collateral Cons: Slower underwriting process High standards for borrowers
Bottom Line	Costly credit builder loan with membership fees and high APRs... Read full review	Personal loans with low APR and fees. Must have good credit to qualify... Read full review
	Up to $500 Instacash℠ advances Referral Program - $10 Bonus	Refinance Student Loans Personal Loans: Borrow Between $5k-$100k Active Investing with SoFi
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Which is Better: MoneyLion or SoFi?

In short: SoFi's fees is noteworthy.

Articles on MoneyLion

MoneyLion Credit Builder Review

MoneyLion's Credit Builder loans can improve your credit in 12 months. But is it worth the price? Read on.

• MoneyLion vs Dave

Apps Like MoneyLion

MoneyLion is a good app that offers a $500 cash advance. Not quite enough for you? Here are other similar cash advance apps to look at.

Articles on SoFi

SoFi Personal Loan

SoFi offers unsecured personal loans if you need to borrow money ASAP. But is it legit (or not)? Learn how SoFi personal loans actually work.

• SoFi vs Chase
• SoFi vs Discover Bank
• SoFi vs Bank of America

SoFi Bank

Seeking high rates and a great digital banking experience? SoFi Bank offers solid accounts and a top-rated mobile app. Read on to know more.

• SoFi vs CIT Bank
• SoFi vs Robinhood

SoFi Bank Locations

SoFi is an online bank offering checking and savings accounts. But does it have physical branches? Keep reading to find out.

SoFi High Yield Savings

Want a high APY and easy access to your money? Get the best of both worlds with SoFi's Checking and Savings account.

Which Do You Think is Best?

You Might Also Like

Best Money Borrowing Apps

Money borrowing apps can be your saving grace when you're strapped for cash. But how much can you borrow? Are these apps legit? Read on.

I Need Money

Strapped for cash? There's ways to get back on track. Here are 39 reliable ideas to earn money this week, today, and right now.