Refinance Student Loan rates starting at 2.49% APR
|2.49% to 11.72% 1VARIABLE APR|
|2.50% to 6.30% 2VARIABLE APR|
|4.13% to 7.39% 3VARIABLE APR|
Splash Financial Disclosures
Terms and Conditions apply. Splash reserves the right to modify or discontinue products and benefits at any time without notice. Rates and terms are also subject to change at any time without notice. Offers are subject to credit approval. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet applicable underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates are reserved for the highest qualified borrowers. If approved, your actual rate will be within a range of rates and will depend on a variety of factors, including term of loan, a responsible financial history, income and other factors. Refinancing or consolidating private and federal student loans may not be the right decision for everyone. Federal loans carry special benefits not available for loans made through Splash Financial, for example, public service loan forgiveness and economic hardship programs, fee waivers and rebates on the principal, which may not be accessible to you after you refinance. The rates displayed may include a 0.25% autopay discount.
The information you provide to us is an inquiry to determine whether we or our lenders can make a loan offer that meets your needs. If we or any of our lending partners has an available loan offer for you, you will be invited to submit a loan application to the lender for its review. We do not guarantee that you will receive any loan offers or that your loan application will be approved. Offers are subject to credit approval and are available only to U.S. citizens or permanent residents who meet applicable underwriting requirements. Not all borrowers will receive the lowest rates, which are available to the most qualified borrowers. Participating lenders, rates and terms are subject to change at any time without notice.
To check the rates and terms you qualify for, Splash Financial conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, the lender will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.
Splash Financial and our lending partners reserve the right to modify or discontinue products and benefits at any time without notice. To qualify, a borrower must be a U.S. citizen and meet our lending partner’s underwriting requirements. Lowest rates are reserved for the highest qualified borrowers. This information is current as of September 6, 2022.
2Important Disclosures for Laurel Road.
Laurel Road Disclosures
All credit products are subject to credit approval.
Laurel Road began originating student loans in 2013 and has since helped thousands of professionals with undergraduate and postgraduate degrees consolidate and refinance more than $9 billion in federal and private school loans. Laurel Road also offers a suite of online graduate school loan products and personal loans that help simplify lending through customized technology and personalized service. In April 2019, Laurel Road was acquired by KeyBank, one of the nation’s largest bank-based financial services companies. Laurel Road is a brand of KeyBank National Association offering online lending products in all 50 U.S. states, Washington, D.C., and Puerto Rico. All loans are provided by KeyBank National Association, a nationally chartered bank. Member FDIC. For more information, visit www.laurelroad.com.
As used throughout these Terms & Conditions, the term “Lender” refers to KeyBank National Association and its affiliates, agents, guaranty insurers, investors, assigns, and successors in interest.
- Checking your rate with Laurel Road only requires a soft credit pull, which will not affect your credit score. To proceed with an application, a hard credit pull will be required, which may affect your credit score.
- Savings vary based on rate and term of your existing and refinanced loan(s). Refinancing to a longer term may lower your monthly payments, but may also increase the total interest paid over the life of the loan. Refinancing to a shorter term may increase your monthly payments, but may lower the total interest paid over the life of the loan. Review your loan documentation for total cost of your refinanced loan.
- After loan disbursement, if a borrower documents a qualifying economic hardship, we may agree in our discretion to allow for full or partial forbearance of payments for one or more 3-month time periods (not to exceed 12 months in the aggregate during the term of your loan), provided that we receive acceptable documentation (including updating documentation) of the nature and expected duration of the borrower’s economic hardship. During any period of forbearance interest will continue to accrue. At the end of the forbearance period, any unpaid accrued interest will be capitalized and be added to the remaining principle amount of the loan.
- Automatic Payment (“AutoPay”) Discount: if the borrower chooses to make monthly payments automatically from a bank account, the interest rate will decrease by 0.25% and will increase back if the borrower stops making (or we stop accepting) monthly payments automatically from the borrower’s bank account. The 0.25% AutoPay discount will not reduce the monthly payment; instead, the discount is applied to the principal to help pay the loan down faster.
Assumptions: Repayment examples above assume a loan amount of $10,000 with repayment beginning immediately following disbursement. Repayment examples do not include the 0.25% AutoPay Discount.
Annual Percentage Rate (“APR”): This term represents the actual cost of financing to the borrower over the life of the loan expressed as a yearly rate.
Interest Rate: A simple annual rate that is applied to an unpaid balance.
Variable Rates: The current index for variable rate loans is derived from the one-month London Interbank Offered Rate (“LIBOR”) and changes in the LIBOR index may cause your monthly payment to increase. Borrowers who take out a term of 5, 7, or 10 years will have a maximum interest rate of 9%, those who take out a 15 or 20-year variable loan will have a maximum interest rate of 10%.
KEYBANK NATIONAL ASSOCIATION RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.
This information is current as of April 29, 2021. Information and rates are subject to change without notice.
3Important Disclosures for LendKey.
Refinancing via LendKey.com is only available for applicants with qualified private education loans from an eligible institution. Loans that were used for exam preparation classes, including, but not limited to, loans for LSAT, MCAT, GMAT, and GRE preparation, are not eligible for refinancing with a lender via LendKey.com. If you currently have any of these exam preparation loans, you should not include them in an application to refinance your student loans on this website. Applicants must be either U.S. citizens or Permanent Residents in an eligible state to qualify for a loan. Certain membership requirements (including the opening of a share account and any applicable association fees in connection with membership) may apply in the event that an applicant wishes to accept a loan offer from a credit union lender. Lenders participating on LendKey.com reserve the right to modify or discontinue the products, terms, and benefits offered on this website at any time without notice. LendKey Technologies, Inc. is not affiliated with, nor does it endorse, any educational institution.
Subject to floor rate and may require the automatic payments be made from a checking or savings account with the lender. The rate reduction will be removed and the rate will be increased by 0.25% upon any cancellation or failed collection attempt of the automatic payment and will be suspended during any period of deferment or forbearance. As a result, during the forbearance or suspension period, and/or if the automatic payment is canceled, any increase will take the form of higher payments. The lowest advertised variable APR is only available for loan terms of 5 years and is reserved for applicants with FICO scores of at least 810.
As of 09/09/2022 student loan refinancing rates range from 4.13% APR – 7.39% Variable APR with AutoPay and 2.99% APR – 9.93% Fixed APR with AutoPay.
- Variable APR
|Pros of Credible student loans||Cons of Credible student loans|
|Compare offers from several lenders at the same time||You’ll likely still need to research individual lenders’ terms and conditions|
|Prequalification won’t affect your credit score||Selection of lenders is limited to Credible’s partners|
|Find offers for private student loans or refinanced student loans||No rate discount for applying through Credible|
|Explore other financial products, such as personal loans, home loans and credit cards|
Credible is an online marketplace that helps you compare offers from multiple lenders at the same time. After providing a few basic pieces of information, you can see personalized rate quotes for private student loans, student loan refinancing or other financial products.
Checking your rates doesn’t obligate you to take out a loan, nor does it impact your credit score. To learn more about how Credible simplifies the loan shopping process, check out this full Credible review.
- Credible student loans review: the basics
- Credible products
- Credible student loan refinancing
- Credible private student loans
- How Credible’s marketplace works
- What we like about Credible student loans: Pros
- What to keep in mind about Credible student loans: Cons
- Contact Credible for more information
When shopping for airline tickets, you’ve probably used a flight comparison website to find the best deal. Credible works much the same way, but rather than comparing flights, it shows you offers for loans. Credible checks rates across a variety of lenders so you don’t have to.
Plus, it customizes each offer to your individual profile. All you have to do is enter a few pieces of information, like your name, income and college. Then, Credible (or its lender partners) will run a soft credit check to get a sense of your financial history.
Since it’s a soft check, this inquiry won’t affect your credit score in any way, nor do you have to pay any fee to use this secure service. Assuming you meet each lenders’ eligibility requirements, you’ll then prequalify for a variety of offers. None of these offers are binding and you have no obligation to accept any of them.
If you do find one you like, you’ll go on to submit a full application.
Credible can show you offers for several types of loans:
- Refinanced student loans
- Private student loans
- Personal loans
- Home loans
- Mortgage refinancing
- Credit cards
For the purposes of this Credible review, we will focus on Credible student loan refinancing and private student loans.
When you refinance student loans, you combine all your student loans — private, federal or both — into one private loan from a new lender.
Depending on your creditworthiness, your new loan could have better terms and a lower interest rate than what you have currently. As a result, refinancing your student loans could save you money over the life of your student loans.
When you prequalify with Credible, you can see refinancing offers from multiple lenders at once. You’re not locked into any of these offers, but they’re also not guaranteed. You’ll still need to submit a full application and consent to a hard credit check to confirm your loan terms.
Here are the details:
- Student loan refinance interest rates and terms
- Refinance lenders on Credible
- Pros of Credible student loan refinance
- Cons of Credible student loan refinance
As of Nov. 17, 2021, Credible offers interest rates from 1.74% to 7.83% APR. Repayment terms range from five to 20 years.
The interest rate you ultimately get depends on your creditworthiness, which is based on factors like repayment history and outstanding debts.
It’s also good to note that preliminary offers are not set in stone. Lenders have to review your full application before finalizing an offer. Plus, interest rates can also fluctuate with the market.
If you get a good initial offer from Credible, you should act quickly to file a full application. That way, you’ll minimize the risk of interest rates going up before you lock in a good deal.
While Credible provides you with a variety of offers, its offers are limited to its partner lenders. Here are the lenders Credible partners with to offer student loan refinancing offers:
- Advantage Education Loan
- College Ave Student Loans
- Common Bond
- Education Loan Finance
- ISL Education Lending
- PenFed Credit Union
Credible works with some big lenders, but it’s not connected with every major player. For instance, they don’t work with many credit unions, which often have some of the most customer-friendly terms on the market. Similarly, it isn’t partnered with refinancing companies like Earnest or Splash Financial, which have some of the lowest interest rates out there.
Some advantages of checking your refinancing rates through the Credible marketplace include:
- You can compare prequalification offers from multiple lenders at once
- This prequalification process is fast, easy and won’t impact your credit score
On the other hand, the Credible marketplace also has a few downsides to be aware of:
- Your prequalification offers aren’t guaranteed
- You may need to do additional research on individual lenders
- Your offers will be limited to Credible’s partner lenders
Most of Credible’s lending partners offer private student loans up to your school’s maximum certified total cost of attendance. As with refinancing, you can use Credible to enter your information once and compare prequalification offers from multiple lenders.
Here’s what you should know:
- Private student loan interest rates and terms
- Student loan lenders on Credible
- Pros of Credible student loans
- Cons of Credible student loans
As of Nov. 17, 2021, variable interest rates from 0.99% to 11.99% APR and fixed rates from 2.94% to 12.99% APR. Repayment terms range from five to 20 years.
As with student loan refinancing offers, interest rates will vary depending on the lender and your creditworthiness.
Here are the lenders Credible works with to offer private student loans:
- Citizens Bank
- College Ave Student Loans
- Sallie Mae
The pros of Credible student loans are similar to those of Credible’s refinanced loans:
- Compare offers from multiple lenders at the same time
- Prequalify for offers with no impact on your credit score
- Option to borrow up to the full cost of attendance of your school
- Your student loan offers are not guaranteed
- You may need to research individual lenders on their websites to determine which one is right for you
- You’ll only see offers from Credible’s partners, so it could be worth looking around to see what other lenders have to offer
Credible takes much of the work of loan shopping out of your hands, but its selection of offers is limited to a select list of lenders. This makes Credible a good jumping off point as you begin to research your options, but you may be able to find a better deal by looking outside of its partners.
Credible provides a marketplace that lets you check your rates with multiple lenders at once. Whether you’re applying for a private student loan or a refinanced student loan, the process is largely the same.
1. Submit basic information for personalized rate quotes
You’ll start by providing some basic information, like your name, college, income and the amount you want to borrow. If you’re applying with a cosigner, your cosigner will provide their information, too. Credible will then run a soft credit check to determine your eligibility, as well as ask you to create an account.
2. Compare your offers
Once you’ve created your account, Credible will show you offers from a variety of lenders. You might see multiple offers from the same lender, each with different rate types (fixed or variable) and term lengths. You can filter your results so you only see offers with certain terms. You might also use a student loan calculator at this step to compare offers and find terms that work for you.
3. Pick a lender and submit a full application
If you see an offer you like, you can select the lender and submit a full application. Note that this application will involve a hard credit check, which can impact your (and your cosigner’s, if applicable) credit score. Before applying, make sure to research the lender to learn more about its policies. Some lenders, for instance, offer flexible repayment options in the event of financial hardship. Since you’ll likely be dealing with this lender for years, you want to do your due diligence before deciding.
Credible’s free student loan marketplace makes it easy to compare offers from multiple lenders in a matter of minutes. Whether you’re looking to borrow a new student loan or refinance an existing one, Credible can help you comparison shop. It offers competitive rates and partners with reputable lenders.
While Credible is a useful resource for finding a loan, it’s important to keep in mind that it won’t show you offers from every lender out there. It’s probably worth shopping around with other marketplaces or lenders, such as credit unions, to find the lowest rates. You’ll also have to do your own research on a lender before applying to learn about its terms and conditions.
When you compare your options through Credible, you can chat with its Client Success Team directly on the website. For additional information beyond this Credible review, you can email [email protected] or call 866-540-6005.
Need a student loan?Here are our top student loan lenders of 2022!
|2.49% – 13.85%1||Undergraduate|
|2.55% – 11.44%2||Undergraduate|
|3.25% – 13.59%3||Undergraduate|
|0.00% – 23.00%4||Undergraduate|
|3.25% – 9.69%6||Undergraduate|
|* The Sallie Mae partner referenced is not the creditor for these loans and is compensated by Sallie Mae for the referral of Smart Option Student Loan customers.
1 Important Disclosures for College Ave.
College Ave Student Loans products are made available through Firstrust Bank, member FDIC, First Citizens Community Bank, member FDIC, or M.Y. Safra Bank, FSB, member FDIC.. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.
Information advertised valid as of 9/15/2022. Variable interest rates may increase after consummation. Approved interest rate will depend on the creditworthiness of the applicant(s), lowest advertised rates only available to the most creditworthy applicants and require selection of full principal and interest payments with the shortest available loan term.
2 Rate range above includes optional 0.25% Auto Pay discount. Important Disclosures for Earnest.
Actual rate and available repayment terms will vary based on your income. Fixed rates range from 3.47% APR to 13.03% APR (excludes 0.25% Auto Pay discount). Variable rates range from 2.80% APR to 11.69% APR (excludes 0.25% Auto Pay discount). Earnest variable interest rate student loan refinance loans are based on a publicly available index, the 30-day Average Secured Overnight Financing Rate (SOFR) published by the Federal Reserve Bank of New York. The variable rate is based on the rate published on the 25th day, or the next business day, of the preceding calendar month, rounded to the nearest hundredth of a percent. The rate will not increase more than once per month. Although the rate will vary after you are approved, it will never exceed 36% (the maximum allowable for this loan). Please note, Earnest Private Student Loans are not available in Nevada. Our lowest rates are only available for our most credit qualified borrowers and contain our .25% auto pay discount from a checking or savings account. It is important to note that the 0.25% Auto Pay discount is not available while loan payments are deferred.
3 Sallie Mae Disclaimer: Click here for important information. Terms, conditions and limitations apply.
4 Important Disclosures for Edly.
1. Loan Example:
About this example
The initial payment schedule is set upon receiving final terms and upon confirmation by your school of the loan amount. You may repay this loan at any time by paying an effective APR of 23%. The maximum amount you will pay is $22,500 (not including Late Fees and Returned Check Fees, if any). The maximum number of regularly scheduled payments you will make is 60. You will not pay more than 23% APR. No payment is required if your gross earned income is below $30,000 annually or if you lose your job and cannot find employment.
2. Edly Student IBR Loans are unsecured personal student loans issued by FinWise Bank, a Utah chartered commercial bank, member FDIC. All loans are subject to eligibility criteria and review of creditworthiness and history. Terms and conditions apply.
5 Important Disclosures for Citizens Bank.
Citizens Bank Disclosures
6 Important Disclosures for Funding U.
Funding U Disclosures
Offered terms are subject to change. Loans are made by Funding University which is a for-profit enterprise. Funding University is not affiliated with the school you are attending or any other learning institution. None of the information contained in Funding University’s website constitutes a recommendation, solicitation or offer by Funding University or its affiliates to buy or sell any securities or other financial instruments or other assets or provide any investment advice or service.