Are there additional fees?

January 30 2025 3:44am

Unlike other platforms, SoLo does not have any mandatory fees or subscription fees for borrowing or lending. There is a 1.99% fee for instant withdrawals to your external debit card. We provide a free withdrawal option via ACH that requires you to link your bank account to your SoLo Wallet.  We don’t want fees to stand in the way of getting capital when members need it.