SoFi Originated a Record $10.7 Billion in Personal Loans Last Quarter. Here's Where That Credit Risk Actually Sits.
Key PointsAs of June 30, SoFi's balance sheet held $28 billion in personal loans, representing 57% of the total lending book.
Key PointsAs of June 30, SoFi's balance sheet held $28 billion in personal loans, representing 57% of the total lending book.
BELLINGS Intelligence Score: 15
Why it matters
SoFi's record personal loan originations represent notable business growth but are routine lending activity without immediate systemic or market-wide implications for credit professionals.
Sources
Nasdaq
SoFi Originated a Record $10.7 Billion in Personal Loans Last Quarter. Here's Where That Credit Risk Actually Sits.
Key PointsAs of June 30, SoFi's balance sheet held $28 billion in personal loans, representing 57% of the total lending book.