Lowest Fixed Rate Student Loan Refinance

Lowest rates shown include the auto debit discount.

Lowest fixed rate student loan refinance. After the federal reserve cut interest rates three times in 2019 and then again unexpectedly last week rates for student loan refinancing are among the most competitive they ve been in years. Fixed 4 25 12 35 apr and variable 1 25 11 15 apr. Those looking for longer duration loans will likely need to do a more exhaustive search as the market has not yet consolidated around a standard rate for a 20 year loan. Its undergraduate student loan.

The average fixed rate for a 10 year refinanced loan in february was 4 80 up slightly from december s low of 4 76 according to data from lending marketplace credible. All federal loans issued each year have the same fixed interest rate regardless of the borrower s credit. Private student loan interest rates have a much broader range. You should not include them in an application to refinance your student loans on this website.

The same can be said for 5 year fixed rate loans. Variable rate loans may charge anywhere from 1 5 percent to 12 percent apr while fixed rate loans may charge from 4 percent to 13. Private student loans on the other hand have wide ranging interest rates. The content of this article is based on the author s opinions and recommendations alone.

As of 09 09 2020 student loan refinancing rates range from 1 99 to 8 57 variable apr with autopay and 2 99 to 8 77 fixed apr with autopay. 7 best options to refinance student loans get your lowest rate. Sofi is perhaps best known as a student loan refinance lender but it also makes loans to undergraduates graduate students law and business students and parents. Some banks and credit unions for example are offering fixed rate loans which generally require the student and parent to take joint responsibility at rates as low as 5 5.

Refinance your debt student loans home expenses car loans or fund new goals using our personal line of credit with fixed interest rates as low as 2 25 apr with discounts.