Student Loan Refinance from Laurel Road

Updated November 22, 2021
Advertiser Disclosure
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Check your student loan rates

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Fixed APR
2.25 - 5.75%
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Variable APR
1.89 - 5.9%
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Amount
up to 100%
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Grace period
N/A
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Degree
Undergraduate&Graduate
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Co-signer required
No
See full info about rates in different states
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Options

  • Degree:
    Undergraduate&Graduate
  • Lender:
    Laurel Road
  • Bank:
    KeyBank
  • Credit Level:
    Fair (580-669)
  • When funds are available:
    4-6 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
    $20

Pros & Cons

Pros:
  • Low APRs
  • No prepayment penalties
  • No application or origination fees
  • Autopay discount
Cons:
  • Extra Fees

Variable rates

Loan amountLoan term (months)
36-6036-8436-12036-18036-240
$1,000 - 100% 1.89% - 4.70% 3.40% - 5.10% 3.80% - 5.30% 4.05% - 5.60% 4.30% - 5.90%

Fixed Rates

Loan amountLoan term (months)
36-6036-8436-12036-18036-240
$1,000 - 100% 2.25% - 4.55% 3.15% - 4.95% 3.65% - 5.15% 4.05% - 5.45% 4.15% - 5.75%
* In case of using Autopay service your rate is reduced by 0.25%
View all Rates & Fees

Requirements

  • What you need to get approved (Qualifications)
    FICO® score 660 or higher.
  • Requirements Description
    1. Fill out a short application with basic information about your loan, education, and employment.
    2. Upload your supporting documents to Laurel Road’s secure dashboard and authorize a hard credit pull to complete your online application.
    3. Select your loan type and term, and e-sign all necessary disclosures and your promissory note in the Laurel Road dashboard.

Description

  • Laurel Road offers student loan refinancing and graduate school loans. Laurel Road provides loans of up to $20,000.

    Laurel Road provides loans with rates between 2.25% and 5.75% Fixed APR, and 1.64% and 5.65% Variable APR (with Autopay). You won’t be charged an application, prepayment or origination fee. Loan terms are available for 5 or 20 years.

    Lender may assess a late fee if any part of a payment is not received within 15 days of the payment due date. Any late fee assessed shall not exceed 5% of the late payment or $28, whichever is less. A borrower may be charged $20 for any payment (including a check or an electronic payment) that is returned unpaid due to non-sufficient funds (NSF) or a closed account.