SoFi Technologies originated a record $10.7 billion in personal loans in the second quarter, up 69% year over year, as part of $14.8 billion in total loan originations. As of June 30, SoFi's balance sheet held $28 billion in personal loans, representing 57% of the total lending book, with $27.6 billion, or 100%, of those personal loans categorized as held for sale. Chief Financial Officer Chris Lapointe said on the Q2 2026 earnings call that $7.6 billion of the $10.7 billion in personal loans was originated for the balance sheet, while the rest was sold via the loan platform segment to third-party investors. The net charge-off rate for personal loans was 3.7% in Q2, down from 4.5% a year earlier, and the company added 1.1 million net new customers to reach 15.8 million members. SoFi reported 43% year-over-year revenue growth and a 61% increase in net income compared to Q2 2025.
SoFi Technologies Inc.Record personal loan originations up 69% YoY, strong customer growth, and improved charge-off rates indicate robust demand for SoFi's lending products.
