7 Best Student Loans Refinancing Companies
Student loans can be a huge financial burden, which is why most people are eager to shake it off as early as possible. Finding a good refinancing company to consolidate the loan is often the best option for most. But finding the right student loans refinancing company can be very challenging. To help make the experience easier for you, we have researched extensively, using different data categories, to come up with the seven best student loans refinancing companies.
There are several impressive things about CommonBond, but the most striking one is the long forbearance period of up to 24 months. The company offers variable rates from 3.21% to 6.08%. The hybrid loan option is also an interesting feature, allowing users to enjoy variable rates in the first five years and a fixed rate in the remaining five years. There is an option to transfer parent loans to the student
This is an excellent option for individuals who want interesting repayment options. They can choose between an interest-only payment, a deferred payment, and a fixed-rate payment. They recently started offering variable-rate student loans to make their consolidation options a lot more interesting.
This is one of the few banks you can trust when it comes to student loans refinancing. Backed by the stability of a bank, you can always trust their different great loan options. You can choose from a variety of options, including 5, 10, 15, and 20 years repayment term options. They also offer fixed and variable rate loans. You can also enjoy interest rate discounts through loyalty programs.
This is another great company to consider if you want to enjoy flexibility in your student loan refinancing. Impressively, there are up to 180 different term length options. You can choose to pay up between 5 years and 20 years. You can also schedule a weekly payment to save on interest, and adjust payment date each month, pushing back up to seven days. You can even skip a payment every 12 months for the duration of the loan.
This is one of the best student loans refinancing companies for graduate students and individuals who have recently completed a professional degree. There is no official limit to what it can finance, but the loan has to be above $5,000. The loan term range from 5 to 20 years, and they offer variable rate that ranges from 3.21% to 6.69%. There are other important benefits, like career coaching and unemployment protection.
If you are looking for the best student loan refinancing in terms of interest rate, Laurel is undoubtedly the best one to consider. The fixed interest rate can be anything between 3.50% and 7.02%, while the variable rate will be between 1.99% and 6.65%. 0.25% autopay discount can even apply to the lowest rates. The loan terms options include five, seven, 10, 15, and 20 years.
This is a friendly student loan refinancing company that doesn’t charge any kind of fee besides the interest rate. You will not pay origination, application, or late fees at any time. Are you have to be concerned about is the fixed interest rate from 3.74% to 6.46% or variable rate from 2.99% to 6.24%. You can qualify for the loan without a cosigner.
The perfect student loan refinancing option for you will depend on a number of factors, including the amount you need, how fast you want to pay off the loan, and the nature of your academic program. We consider the seven options discussed here among the best in the country.