Bank of America HELOC vs. SoFi Auto Loan
Side-by-side comparison · Updated 2026 · Independently reviewed
Bank of America HELOC
Bank of America
4.1
No closing costs, no annual fee HELOC with Preferred Rewards discounts for existing BofA customers.
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WealthSpott Verdict
Bank of America HELOC and SoFi Auto Loan are closely matched. The right choice depends on your credit profile, desired loan amount, and how quickly you need funding.
Feature
Bank of America
SoFi Auto Loan
APR Range
8.60% – 14.40%
5.99% – 17.99% Best
Loan Amount
$25,000 – $1,000,000 Best
$5,000 – $100,000
Term Length
120–240 months
24–84 months
Origination Fee
No closing costs; no annual fee
None
Min Credit Score
680+
680+
Funding Speed
2–4 weeks
A few days
Bank of America HELOC
SoFi Auto Loan
Pros
- Purchase and refinance available
- Purchase and refinance available
- No fees
- No fees
- Member benefits
- Member benefits
Cons
- Good credit needed
- Good credit needed
- Online only
- Online only
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