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Soho Wealth Funding

Funding option

A personal loan with a clear repayment plan.

Explore fixed-term loan options for eligible personal needs.

The lender makes the final decision, sets the rate, and sets the term. Not all applicants qualify.

Terms card

Personal term loan

What it is

One lump sum, repaid over a set term in fixed instalments.

What it costs

An APR set by the lender, plus possible origination fees, which some lenders charge and others do not. The APR you are offered may be very different from a lender's advertised lowest rate. Soho's own fee is separate and is paid by you: a percentage of the amount actually funded, between 3% and 15% depending on the product, given to you in writing before you agree to anything.

What decides it

Credit history, income, current debt, debt-to-income ratio, requested amount, state eligibility, and other lender underwriting factors.

Who approves it

The lender.

When it's the wrong tool

  • The new payment does not actually fit your monthly budget.
  • You would be consolidating debt without changing the spending that created it.
  • You qualify for materially cheaper credit elsewhere.
  • You are borrowing for a business purpose that a business product would serve better.

Read our full funding disclosures

How it works

A personal term loan normally provides one lump sum.

You repay it over an agreed period in set instalments.

Rates and terms depend on underwriting.

A full application may involve a hard credit inquiry.

We will tell you exactly when a credit check happens, and whether it is a soft check or a hard one, before anything is submitted.

Who this may fit

  • People who want one fixed payment on a set schedule.
  • People funding a defined personal expense with a known cost.
  • People who prefer a fixed end date to revolving credit.
  • People whose budget can carry the new payment alongside existing bills.

Who should think twice

  • The new payment does not actually fit your monthly budget, and a fixed instalment is due whether the month goes well or not.
  • You would be consolidating debt without changing the spending that created it, which often leaves you with both the loan and the old balances.
  • You qualify for materially cheaper credit elsewhere, so compare before you commit.
  • You are borrowing for a business purpose that a business product would serve better.

What lenders may consider

  • Credit history
  • Income
  • Current debt
  • Debt-to-income ratio
  • Requested amount
  • State eligibility
  • Other underwriting factors

Availability varies by state.

Questions people ask

How is the money paid out?
A personal term loan normally provides one lump sum. You repay it over an agreed period in fixed instalments.
Who sets the rate and term?
The lender does, after underwriting. Rates and terms depend on your financial profile and the lender's own rules.
Will my credit be checked?
A full application may involve a hard credit inquiry. We will tell you exactly when a credit check happens, and whether it is a soft check or a hard one, before anything is submitted.
Can I use it for my business?
Some lenders restrict how funds may be used. If the need is a business need, a business product may fit better. Read the loan agreement before you sign.
What does Soho charge?
Soho Wealth Group is paid by the client, not by the bank or funding provider. The fee is a percentage of the amount actually funded — between 3% and 15%, depending on which product is used. The exact percentage for your situation is given to you in writing before you agree to anything.

Read our full funding disclosures

Explore personal loan options.

Share a few details and we will talk through whether this path fits your budget. Nothing is submitted without your say-so.

Explore personal loan options

Compare other funding paths.

A personal loan is one of four paths. Put them side by side and compare what each is, what it costs, and who decides.

Compare other funding paths