Student Loan Refinance from ELFI
Updated November 14, 2021
Learn more
Check your student loan rates
Fixed APR
2.47 - 5.99%
Variable APR
2.39 - 6.01%
Amount
up to 100%
Grace period
N/A
Degree
Graduate
Co-signer required
No
See full info about rates in different states
Options
- Degree:Graduate
- Lender:Education Loan Finance, Inc
- Bank:SouthEast Bank
- Credit Level:Good (670-739)
- When funds are available:1-3 business days.
Fees
- Origination feeNo origination fee.
- Application feeNo application fees.
- Early payment feeNo early payment fees.
- Late fee5%
- Returned check fees$30
Pros & Cons
Pros:
- Online application
- No Application, Origination, or Prepayment Fees
- Loans are available in all states
Cons:
- Late Payment Fee
- Returned Check Fee
Variable rates
Rates
2.39 - 6.01%
Term
60 - 240 months
Loan Amount
$15,000 - 100%
Fixed Rates
Rates
2.47 - 5.99%
Term
60 - 240 months
Loan Amount
$15,000 - 100%
Requirements
- What you need to get approved (Qualifications)FICO® score 680 or higher.
- Ages
A Borrower must be at the age of majority or older at the time of loan application.
- Residence
Must be a U.S. citizen or permanent resident alien without conditions and with proper evidence of eligibility.
- Requirements Description
- Must be a U.S. citizen or permanent resident alien without conditions and with proper evidence of eligibility.
- Must be at the age of majority or older at the time of loan application.
- Must have a minimum loan amount of $15,000.
- Must have earned a Bachelor’s degree or higher.
- Must have a minimum income of $35,000.
- Must have a minimum credit score of 680.
- Must have a minimum credit history of 36 months.
- Must have received a degree from an approved post-secondary institution and program of study.
Description
Education Loan Finance is a nationwide student loan debt consolidation and refinance program.
The APR range: 2.47% to 5.99% (Fixed), 2.39% to 6.01% (Variable). The minimum refinancing amount is $15,000.
There is no application or origination fee.