Student loan refinancing



What is student loan refinancing?

Student loan refinancing or consolidation is an important step if you took out students loans during your studies. During your college years, you may have taken out 2 or more loans to pay for your studies and  you will have to manage the payments to different credit companies, with different payment dates and interest.

Once you’ve finished college or completed an undergraduate or graduate degree program and are looking for work, you don’t have the time to handle and manage your old students loans.

This is where student loan refinancing comes in:

> It allows you to regroup several students loans in one loan, easier to manage, with only one repayment schedule and interest rate.

> Student loan refinancing can regroup your federal or privates loans.

> The rate can be lower rate than your actual students loans, or the rate will be a weighted average of your original loans’ rates.

> You will also be able to change the maturity date to adjust the repayment amount.

Comparelend has selected serious loans companies that offer you the best student loan refinancing options.

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Am I eligible for student loan refinancing?

To be eligible for student loan refinancing you need to:

> Be a US citizen or permanent resident
> Be 18 years or older
> Reside in an eligible state
> Have completed an undergraduate or graduate degree

Like all other credit companies, our partners will also look at your credit score and history, your income and your employment status.

If you are eligible, our partners will make you a student loan refinancing offer.


Why should I refinance or consolidate my students loans?

Student loan refinancing allows you to regroup all your students loan in one. Thus, it will allow you to:

> Save time: manage only one loan, one repayment each month
> Save money: by grouping your loans, you can save money on your actual loans and get a lower rate for your consolidated loan.
> Manage your money: by changing the maturity date and grouping your loans, you can change your monthly repayment amount and manage your money depending on your new capacities
> Do it easily: our partners are online, so it’s easy to manage with a mobile app or through a website

Will it affect my credit score?

Checking your eligibility for student loan refinancing will not affect your credit score.

5 REASONS TO REFINANCE YOUR STUDENT LOAN

Lower rate

Regroup payment

Change maturity

Lower monthly repayment

Fast and simple

Frequently Asked Questions

Yes you can and it will probably be a very profitable way to get financed. The majority of lending platforms will lend you money if you are an LLP or a Limited company. Please check systematically the Terms of use of each platform you intend to invest through, as they may vary significantly.
 


If you own a small business, you probably know how complicated it is to get a business loan through traditional circuits. Through peer to peer lending however, some barrier to entry are suppressed. First of all, the requirements are lower investors being open to risk taking, and so securing a loan is easier, faster and cheaper. The process being entirely on line and very user friendly, it takes not more than 20 minutes to register on the platform, approximatively 48 hours to get accepted, and up to 3 weeks to receive the money. The interest rates are lower and usually no hidden fees added. Moreover, the online investors are welcoming for new borrowers as they are rather eager to support business owners, often locally.
 


CompareLend.com offers business owners a free, unbiased and immediate access to investors on peer-to-peer platforms. It helps business owners to choose the best financing opportunity from what the market has to offer. Getting financed is then easier, cheaper and faster.


Using the peer-to-peer lending market will not only give you the opportunity to help small business owners grow and reach their goals, but also profit from very interesting return rates.

It will depend on the platform you have chosen to invest with. Please check systematically the Terms of use of each platform you intend to invest through, as they may vary.
Every peer-to-peer platform reviews borrowers before posting their loan application online, you should check their Terms of use before lending money if you need to be reassured. One should note though, higher the return on investment, higher the risk a lender is taking.

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