Student loan refinance interest disclosure
The lenders on the Credible.com platform offer fixed rates ranging from 3.99% – 10.15% APR. Variable interest rates offered by the lenders on Credible.com range from 3.69% – 11.11% APR. Variable rates will fluctuate over the term of the borrower's loan with changes in the Index rate. The Index will be either LIBOR, SOFR, or the Prime Rate of interest as published in the Wall Street Journal (WSJ). The maximum variable rate on the Education Refinance Loan is the greater of 21.00% or Prime Rate plus 9.00%. Rates are subject to change at any time without notice. Your actual rate may be different from the rates advertised and/or shown above and will be based on factors such as the term of your loan, your financial history (including your cosigner’s (if any) financial history) and the degree you are in the process of achieving or have achieved. While not always the case, lower rates typically require creditworthy applicants with creditworthy cosigners, graduate degrees, and shorter repayment terms (terms vary by lender and can range from 5-20 years) and include loyalty and Automatic Payment discounts, where applicable. Loyalty and Automatic Payment discount requirements as well as Lender terms and conditions will vary by lender and therefore, reading each lender’s disclosures is important. Additionally, lenders may have loan minimum and maximum requirements, degree requirements, educational institution requirements, citizenship and residency requirements as well as other lender-specific requirements.
Student Loan Planner® Bonus Disclosure
You will receive a $1,750 bonus for eligible refinances over $200,000, a $1,250 bonus for eligible refinances of $100,000–$199,999, a $350 bonus for eligible refinances of $50,000–$99,999, or a $100 bonus for eligible refinances of $5,000–$49,999. For the $1,750 bonus offer, $1,000 will be paid directly by Student Loan Planner®. For the $1,250 bonus offer, $500 will be paid directly by Student Loan Planner®. Borrowers must complete the Refinance Bonus Request Form to claim a bonus offer. Additional terms apply. For eligible refinances of $50,000–$99,999, the $350 bonus is paid directly by Credible. For eligible refinances of $5,000–$49,999, the $100 bonus is paid directly by Credible. Please contact support@credible.com for any assistance.
