The right loan or investment tool can take your overall financial strategy to the next level.
For instance, refinancing student loans could help you save money with a lower interest rate. Or an investment account could be the perfect vehicle to hold and grow your vacation fund.
But what if you’re having trouble locating the best loan or financial tool for you? That’s where the Student Loan Hero Marketplace comes in. Our Marketplace is where we highlight the best tools, products, and opportunities for our readers — hand-picked by our team.
About the Student Loan Hero Marketplace
Through the Student Loan Hero Marketplace, you can find and compare a variety of financial products and services. What’s available in the Marketplace primarily falls into two categories.
The first focuses on loans, accounts, and financial products. These loans, accounts, and investment tools can take your money management to the next level so you can borrow smarter and save more:
- Student loan refinancing
- Private student loans
- Personal loans
- Credit cards
- Credit-building tools
- Bank accounts
The second category of products highlight tools and opportunities for income growth, as well as personal and career development:
Between these categories, you’re sure to find a new tool or strategy that can help you overcome a financial obstacle or maximize your money management.
How to use the Student Loan Hero Marketplace
Use the Marketplace to explore all the best options in one place and skip hours of comparison shopping or hunting down your own deals. You can do it in just a few easy steps.
1. Select your product.
Click “Products” from our site menu, then select the type of service or product you’re looking for. You’ll be taken to a page that features these products.
2. Learn about your options.
Our pages include information about each product and service. We also highlight the top companies in this space that offer great deals and a superior customer experience.
In each page, we’ve included the background and details you need to understand your options so you can make an informed decision (even if that means skipping that product altogether).
3. Compare products and lenders.
Each product page in our Marketplace includes a table that makes it fast and intuitive to compare different options. You can quickly size up different products and companies.
These tables are not pay-to-play, either — our partners can’t buy a higher ranking. The top picks are the ones we know are actually helping customers like you.
Compare costs, interest rates, and features to find those that match your needs. We continually update our Marketplace and refresh interest rates data so it’s always up to date.
Additionally, some of our product pages have their own features to help you better understand your options:
- Our personal loans filter show lenders that offer a specific feature you’re interested in. If you’re interested in lenders with certain credit score requirements or high loan maximums, this filter helps you quickly find them.
- Investing categories help you quickly navigate to the type of service or account you want: brokers, advisors, or money managers.
- Our mortgage tool is offered in partnership with Zillow and generates mortgage rate offers specific to your area, home value, income, and more — in seconds.
We also recommend using our various payment calculators to explore different financial outcomes and project which strategies or products are best for you.
4. Request a rate quote
Click through to the product or company to learn more or request a rate quote.
Most lenders we feature perform soft credit checks to give you an accurate rate estimate without affecting your credit score. We also clearly mark the few that actually perform hard credit checks for rate quotes.
You can then compare these quotes to see which lender will offer the best, real-world deal for you.
5. Pick your top choice and apply.
With rate quotes in hand, you’ll have all the facts before making your final choice and completing a full application.
If you’re approved, you will receive a loan agreement or other service agreement. Read it carefully to make sure you understand all parts of the agreement before signing.
How Student Loan Hero makes money through the Marketplace
Here at Student Loan Hero, we believe in transparency. That’s why we think it’s important for you to know how we potentially make money from the Marketplace.
Student Loan Hero has partnerships with some of the products and companies we feature in the Marketplace. We carefully vet partners we work with to ensure we only share beneficial and customer-centered products.
If our site users complete an application with one of these partners, we might receive a commission for referring that person.
However, we know that not every product or service will be right for every user. We share what we think are the best products, based on our review process. We walk through their product, just like a user would, to evaluate the quality of experience and ease of use. And we also compare rates, fees, and other terms.
But we will also point out potential downside or situations in which a product might not make sense. We strive to include the information you need to understand your options and make the best choice for you. Even if that means fewer commissions for us, we’re ok with that.
We’re focused on building strong relationships and respect with our users by putting them — not our revenue — first.
Check out the Student Loan Hero marketplace today
At Student Loan Hero, we strive to give you more than general, common-sense advice.
You might know that you should pay extra on your debt or start a side hustle. But you might be stuck wondering what that actually looks like and how to apply that advice in the real world.
The Marketplace is designed to close the gap between general advice and specific solutions. We aim to connect you with the products, services, and companies that can help you get closer to achieving your money goals.
Interested in refinancing student loans?Here are the top 6 lenders of 2018!
|Lender||Variable APR||Eligible Degrees|
|Check out the testimonials and our in-depth reviews!
1 Important Disclosures for Earnest.
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants will qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest fixed rate loan rates range from 3.89% APR (with Auto Pay) to 6.97% APR (with Auto Pay). Variable rate loan rates range from 2.47% APR (with Auto Pay) to 6.30% APR (with Auto Pay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms 10 years or less. For loan terms of 10 years to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 1.82% and 5.50% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of Month/Day/Year, and are subject to change based on market conditions and borrower eligibility.
Auto Pay discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 08/21/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice. Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 302 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, email us at email@example.com, or call 888-601-2801 for more information on ourstudent loan refinance product.
© 2018 Earnest LLC. All rights reserved. Earnest LLC and its subsidiaries, including Earnest Operations LLC, are not sponsored by or agencies of the United States of America.
2 Important Disclosures for Laurel Road.
Laurel Road Disclosures
APR stands for “Annual Percentage Rate.” Rates listed include a 0.25% EFT discount, for automatic payments made from a checking or savings account. Interest rates as of 11/8/2018. Rates subject to change.
Variable rate options consist of a range from 3.27% per year to 6.09% per year for a 5-year term, 4.64% per year to 6.14% per year for a 7-year term, 4.69% per year to 6.19% per year for a 10-year term, 4.94% per year to 6.44% per year for a 15-year term, or 5.19% per year to 6.69% per year for a 20-year term, with no origination fees. APR is subject to increase after consummation. The variable interest rate will change on the first day of every month (“Change Date”) if the Current Index changes. The variable interest rates are based on a Current Index, which is the 1-month London Interbank Offered Rate (LIBOR) (currency in US dollars), as published on The Wall Street Journal’s website. The variable interest rates and Annual Percentage Rate (APR) will increase or decrease when the 1-month LIBOR index changes. The variable interest rates are calculated by adding a margin ranging from 0.98% to 3.80% for the 5-year term loan, 2.35% to 3.85% for the 7-year term loan, 2.40% to 3.90% for the 10-year term loan, 2.65% to 4.15% for the 15-year term loan, and 2.90% to 4.40% for the 20-year term loan, respectively, to the 1-month LIBOR index published on the 25th day of each month immediately preceding each “Change Date,” as defined above, rounded to two decimal places, with no origination fees. If the 25th day of the month is not a business day or is a US federal holiday, the reference date will be the most recent date preceding the 25th day of the month that is a business day. The monthly payment for a sample $10,000 loan at a range of 3.27% per year to 6.09% per year for a 5-year term would be from $180.89 to $193.75. The monthly payment for a sample $10,000 loan at a range of 4.64% per year to 6.14% per year for a 7-year term would be from $139.65 to $146.76. The monthly payment for a sample $10,000 loan at a range of 4.69% per year to 6.19% per year for a 10-year term would be from $104.56 to $111.98. The monthly payment for a sample $10,000 loan at a range of 4.94% per year to 6.44% per year for a 15-year term would be from $78.77 to $86.78. The monthly payment for a sample $10,000 loan at a range of 5.19% per year to 6.69% per year for a 20-year term would be from $67.05 to $75.68.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the variable rate will decrease by 0.25%, and will increase back up to the regular variable interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower’s bank account.
3 Important Disclosures for SoFi.
4 Important 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.
5 Important Disclosures for CommonBond.
Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown.
All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on a 1-month LIBOR assumption of 2.28% effective October 10, 2018.
6 Important Disclosures for Citizens Bank.
Citizens Bank Disclosures
|2.47% – 6.99%3||Undergrad & Graduate|
|2.47% – 6.30%1||Undergrad & Graduate|
|2.51% – 8.09%4||Undergrad & Graduate|
|3.02% – 6.44%2||Undergrad & Graduate|
|2.69% – 7.21%5||Undergrad & Graduate|
|2.79% – 8.39%6||Undergrad & Graduate|