SoFi personal loans now available without traditional W‑2 income proof
In a bold move for the freelance economy, SoFi has launched a new personal loan program in 2025 tailored specifically for gig workers, freelancers, and self-employed individuals. The loan product requires no traditional W-2 or salaried income documentation, relying instead on bank statements, 1099s, and cash flow analytics.
Instant decisions with soft credit pulls
Borrowers can now get instant decisions with just a soft credit pull, meaning there’s no impact to their score during pre-qualification. Loan amounts range from $5,000 to $100,000, with APRs starting at 8.25%. This makes SoFi highly competitive for those searching “best personal loans for freelancers USA” or “no income proof loan 2025”.
SoFi bets big on self-employed market growth
With over 70 million Americans expected to earn freelance income in 2025, SoFi’s move could set a new industry standard. The platform is already trending in high-CPC search spaces like “self-employed loan USA” and “unsecured personal loan gig worker”.
The new program is expected to push other fintechs — like Upgrade and LendingClub — to rethink their lending criteria. For now, SoFi appears to be leading the charge in redefining personal finance for the flexible workforce of 2025.