Best Banks For Student Loan Refinance And Consolidation

Looking for an available student loan refinance and/or consolidating studentship loan might be very confusing many at times. The only tested and trusted way, to study in an absence of no source of fund or sponsorship help is to take a step and look for a student loan refinance bank that are ready to take up the task with you.
Student loan refinance is one of the best way if not the best way, to sponsor one academic career in the absence of no alternative source and to let go off the nitty gritty of school funding source, student refinance loan should be what to think about.

And very fortunately for you, here in this post I have compiled together few banks that can easily help you research and find out for you private and federal students loan refinance that will work best for your financial standard. But one good thing to take note is that some of this banks required the following;

Minimum of 600 credit score (FICO)

45% Maximum monthly debt-to-income ratio

Minimum monthly gross income of $2,000

A college degree and/or certificate of your enrollment in school.

If you have all these requirement in place or if you know right inside of you that you have all these, you are likely going to be the next fortune candidate to take the Student loan refinance from student loan refinance companies or refinance student loan consolidation.

Out of the countless numbers of student loan refinance organisation or banks, here are the recommended one you should go for if you meet up the requirement listed above.

1. 

To start with is Sofi-Social Finance. This organisation believes in traditional system for student lending, broken and they then do things very different from existing Student loan refinance organisations by creating an ecosystem which connects both borrowers and great investors to help provide lower rates to a significant cadre of borrowers to make life easy for the average students. Some of the benefits of Sofi, include the following.

  • Refinancing and consolidation for private and federal student loans.
  • Must have completed an eligible undergraduate or graduate degree program.
  • 2.66% APR to 5.29% APR (with autopay) variable rates, capped at 8.95% to 9.95% APR.
  • 3.63% APR to 7.74% APR (with autopay) fixed rates.
  • 5, 10 or 15 year repayment terms.
  • No origination fees or prepayment penalties.
  • Available for undergraduate and graduate student loans.
  • Medium credit score, salary, and debt-to-income requirements.
  • Unemployment protection – loan payments are paused and they help find new job.
  • Career support – complimentary coaching for SoFi members.
  • Entrepreneur program – qualified applicants can receive loan deferrals and mentorship.

2. 

Second on the list is cuStudentLoans and the organisation help to provide competitive alternative loan and refinancing options for student and fresh graduate. cuStudent loan is on availability for graduate, undergraduate and certificate program professionals. With cuStudentloan, you can easily have direct access to federal student loans, private student loans, and/or both private and federal student loans. Some of the unbiased benefits of cuStudentloans includes;

  • Refinancing and consolidation for private and federal student loans
  • Must have completed an eligible undergraduate or graduate degree program
  • 3.97% APR to 7.47% APR variable rate consolidation student loans, capped at 18% APR
  • 15 year repayment term with no origination fee
  • Cosigner release available after 12 consecutive payments
  • 4 years Interest-Only Repayment Option available
  • Medium credit score, salary, and debt-to-income requirements
  • Network of Non-Profit Credit Unions help keep rates low
  • .25% Interest Rate Reduction with automatic payments via ACH

3.

Darien Rowayton Bank is another student refinance loan bank I personal recommended for all students that really needs it. With this organisation. Its benefits is indeed very awesome and more demanding always. Some of the benefits of this organisation includes;

  • Refinancing and consolidation for private and federal student loans
  • Must be an alumni of an MBA, Law, Medical/Dental (post-residency), and Engineering graduate degree program who meet the underwriting criteria
  • 2.88% – 4.23% variable rate student loan consolidations and refinancing options
  • 3.75% – 6.50% fixed rate student loan consolidations and refinancing options
  • 5, 10, 15, 20 year repayment terms
  • Maximum variable rates capped at 9% for 5,10,15 year terms. For 20 year term, maximum rate cap is 18% APR
  • Medium credit score, salary, and debt-to-income requirements
  • .25% Interest Rate Reduction with automatic payments via ACH

4.

Charter one bank Student loan refinance organisation takes total charge and refine your private student loan at a very lower interest rate. It easily help student that needs loan to bring closer the opportunity to pay less each month, turn multiple private student loans into just single one and lot more . Some of Charter one bank benefits includes;

  • Refinancing and consolidation for federal and private student loans with an Education Refinance Loan® from Charter One®1.
  • Fixed rate student loan refinancing featuring an interest rate as low as 5.24% for eligible candidates
  • A variable interest rate as low as one-month LIBOR plus 2.66%2 student loan refinancing for eligible applicants
  • 15 or 20 year repayment term options
  • Loyalty Discount: 0.25 percentage point interest rate reduction on a new Education
  • Refinance Loan if you or your cosigner (if applicable) has a qualifying account in existence with us at the time of application.3
  • Automatic Payment Discount: 0.25 percentage point interest rate reduction by authorizing our loan servicer to automatically deduct your payments each month from any bank account.3
  • Cosigner Release: Cosigner may be released from loan responsibility after making 36 consecutive, on-time principal and interest payments.4
  • No application, origination or disbursement fees
  • Minimum Loan to Refinance: $10,000

In a matter of sincerity, rate are based on credit and the presence of cosigner. Applicant are solemnly advised to apply with qualified cosigner in order to double the chance of getting a student loan refinance  for a very low rate.

Like this Article? Subscribe for more!

Don't be shellfish...0112018

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Current ye@r *