The idea is that you pay off your mortgage while you’re on holiday.
You then take the loan to buy a home.
It’s been around for decades, but it’s been hard to find a way to get an interest-free loan on the cheap.
SoFi Personal Loan and SoFi Loans have developed a solution for this.
The two companies are launching a new service called SoFi Personal Lending, which will let you pay a small monthly fee for a loan.
Sofi’s new service is meant to be used by people who want to start their own business or move into a new home and want to use a loan for the first time.
“We think it’s the best way to pay off the mortgage while on holiday, and we’re offering this to all new homebuyers in the first half of next year,” SoFi chief executive Andrew O’Connor said.
Mr O’Connor said it was not the first solution, but its the one that could work for people in the same situation.
In an email, SoFi said the loan was an “affordable option” for those who were already using an existing loan and wanted to make their home payment as low as possible.
SoFi says it’s also a “fair payment” to those who have already taken out a home loan, but do not need the loan at the moment.
It says those who are using an interest free loan on their own to help pay the loan will be able to access a lower interest rate for a short period of time.
“You won’t be charged any extra interest or penalties if you decide to borrow from SoFi for the rest of the term,” Sofi says.
“Your interest rate will be set by SoFi and will be calculated by Sofi as you pay back your loan.”
SoFI says its new loan is aimed at those who want “to save up for a new house” and want the option of paying off the loan over time.
“For this reason, you’ll get a better rate than using a traditional loan, with a lower annual interest rate.”
SoFi also offers the ability to pay down the loan on a monthly basis.
There are currently around 4,000 people using the SoFi service, and they’re all using the same offer.
To apply, you have to go to the site and apply using your credit card.
If you’ve taken out an interest rate-free mortgage, Sofi will automatically take out an additional 30 per cent of your monthly payment and apply the remainder to your loan.
To use this service, you can only get the offer for a single year.
You can’t apply for a second loan or refinance if you’re using a mortgage with a fixed interest rate.
So you’re paying the same interest rate as you normally would for the same amount of time, so if you choose to borrow for a year, you will pay the same rate.
If it sounds too good to be true, it probably is.
But the Sofi loan is not the only new lending service launched by SoFI this year.
Earlier this month, the company launched a loan service for people who are in a lower income bracket, with no mortgage and no family support.
For people who qualify, the SoFis latest offering is free for up to two years.