Student Loan Refinance from ELFI

Updated November 14, 2021
Learn more

Check your student loan rates

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Fixed APR
2.47 - 5.99%
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Variable APR
2.39 - 6.01%
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Amount
up to 100%
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Grace period
N/A
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Degree
Graduate
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Co-signer required
No

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 fee
    No origination fee.
  • Application fee
    No application fees.
  • Early payment fee
    No early payment fees.
  • Late fee
    5%
  • 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%
View all Rates & Fees

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.