Lowest Student Loan Refinance Rates

Out of all the lenders we reviewed splash financial has the lowest interest rates for student loan refinancing.

Lowest student loan refinance rates. Sofi has consistently offered low interest rates and has received good reviews for service. One of the oddities of the current marketplace is that the interest rate gap between variable rate loans and fixed rate loans has grown considerably for short term loans. Lowest rates shown include the auto debit discount. 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.

Student loan refinancing is the best way to get a lower interest rate. Private student loans can be used to pay for the costs of higher education but they originate with private entities such as banks credit unions and. In addition sofi invests heavily in building a community which means you can start to get other benefits once you are a sofi member. For borrowers looking for the stability of a fixed rate loan but still in search of an ultra low interest rate the 5 year fixed rate loan is usually the best bet.

You can refinance federal student. Fixed 4 25 12 35 apr and variable 1 25 11 15 apr. Sofi is really the original student loan refinance company and is now certainly the largest. For variable rate student loans the rate will never exceed 9 00 for 5 year and 8 year loans and 10 00 for 12 and 15 years loans the maximum allowable for this loan.

As of july 31 2020 the lender offers the following rates lowest rate includes 0. Splash financial easily advertises the lowest rates for student loan refinancing and you can borrow from 5 000 to the full amount of your loans. Best student loan rates in september 2020. Minimum variable rate will.

For example today you can refinance your student loans for as low as 1 99 if you choose a variable rate.