A vacation loan is a personal loan used to cover travel expenses — flights, hotels, tours, cruises, and more. While financial experts generally recommend saving for vacations rather than borrowing, a SoFi personal loan can make sense if you find a limited-time deal, are celebrating a milestone event, or want to spread costs over a predictable payment schedule.
Important: Only borrow what you can comfortably repay. Use our personal loan calculator to estimate monthly payments before applying.
Common Uses
SoFi vs Travel Credit Cards for Vacation
| Feature | SoFi Personal Loan | Travel Credit Cards |
|---|---|---|
| Interest rate | Fixed 8.99%+ | 20%+ if carrying balance |
| Rewards | None | Points/miles |
| Payment predictability | Fixed monthly payment | Varies with balance |
| Best for | Larger amounts, longer payoff | Smaller amounts, paid monthly |
| Max amount | Up to $100K | Credit limit |
Who Qualifies for a SoFi Vacation Loan?
- Credit score: 680+
- U.S. citizen or permanent resident
- Verifiable income or employment
- Bank account for fund deposit
- Debt-to-income ratio below 45%
- Recent bankruptcy (within 1–2 years)
- Very high debt-to-income ratio
- No verifiable income
- Active delinquencies
- Insufficient credit history
Frequently Asked Questions
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Sources & Methodology: WiseIQ's editorial team researches and fact-checks all content using primary sources including the Consumer Financial Protection Bureau (CFPB), Federal Reserve G.19 Consumer Credit Report, myFICO Credit Education, and lender websites for current rates and terms. Last reviewed: April 2026. How we rank products.