Student Loan Refinancing

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Best online student loan refinance companies

ELFI

A division of Tennessee-based SouthEast Bank, — ELFI — offers student loan refinancing for undergraduate to pharmacy graduates.

One of the unique features of ELFI is that you’re assigned a student loan advisor (SLA) from the beginning.

  • Loan Terms: 5 – 20 years
  • Variable APR: 4.86-8.49%
  • Fixed APR: 4.88%-8.44%
  • Minimum Loan Amount: $10,000
  • Maximum Loan Amount: No maximum

Check your rates with ElFI

Sofi

SoFi was the first company that I discovered when I refinanced my pharmacy school loans. My wife and I both refinanced through Sofi. Getting a lower interest rate is great and will make it easier to pay off your debt fast.

  • Loan Terms: 5 – 20 years
  • Variable APR: 2.80% – 1.909% (includes 0.25% autopay discount)
  • Fixed APR: 3.899% – 8.179% (includes 0.25% autopay discount)
  • Minimum Loan Amount: $5,000
  • Maximum Loan Amount: No maximum
Check your rates with Sofi

Common Bond

CommonBond offers undergraduate loans, graduate & MBA loans, as well as student loan refinancing. CommonBond is the only lender that offers a 10-year hybrid loan, which is a fixed interest rate for the first five years and then a variable rate for the next five years.

  • Loan Terms: 5 – 20 years
  • Variable APR: 2.57% – 6.65% (includes 0.25% autopay discount)
  • Fixed APR: 3.20% – 6.65% (includes 0.25% autopay discount)
  • Minimum Loan Amount: $5,000
  • Maximum Loan Amount: $500,000
Check your rate with Commonbond

LendKey

LendKey started as a peer-to-peer loan platform for student loans but since moved to refinance student loans.

  • Loan Terms: 5 – 20 years
  • Variable APR: 2.47% – 8.03% (includes 0.25% autopay discount)
  • Fixed APR: 3.49% – 8.72% (includes 0.25% autopay discount)
  • Minimum Loan Amount: $5,000
  • Maximum Loan Amount: $125K Undergrad, $250K Graduate, $300K Medical
Check your rates with LendKey

Laurel Road

Laurel Road. are they one of the leaders in student loans today? The average Laurel Road client will save $20,000 on the life of their loans.

  • Loan Terms: 5 – 20 years
  • Variable APR: 2.80% – 6.38% (includes 0.25% autopay discount)
  • Fixed APR: 3.50% – 7.02% (includes 0.25% autopay discount)
  • Minimum Loan Amount: $5,000
  • Maximum Loan Amount: No maximum
Check your rates with Laurel Road

Earnest

With Earnest, you can customize your exact monthly payment to fit your budget. Additionally, they match your custom term with a custom interest rate — saving you even more money when refinancing.

  • Fixed Rates:  2.48% – 5.79% (includes 0.25% autopay discount)
  • Variable Rates:  1.88% – 5.64% (includes 0.25% autopay discount)
  • Loan terms: 5 to 20 years term
  • Minimum Loan Amount: $5,000
  • Maximum Loan Amount: $500,000
Check your rates with Earnest

Credible

A great way to save money on your student loans is by refinancing them to a lower interest rate. Credible is a great tool because it’ll get you a bunch of rates in one spot from a bunch of different student loan refinancing companies. From there, just choose the company that offers you the best rate.

Check your rates with Credible

Splash Financial

Splash Financial offers student loan refinance loans originated by Pentagon Federal Credit Union, known as PenFed. Splash Financial stands out because it’s one of the few lenders to let married couples refinance student loans together.

  • Fixed: 3.87% – 7.03%
  • Variable: 3.05% – 7.79%
  • includes autopay discount of 0.25%
  • Loan terms: 5, 8, 12, and 15 years
  • Minimum Loan Amount: $7,500
  • Maximum Loan Amount: $300,000
Check your rates with Splash Financial