Close

LENDER PROFILE

RATES

TYPES OF INTEREST RATES

5, 7, 10, 15, and 20 years

Fixed and Variable

LOAN TERMS

As low as 2.24%*

CommonBond student loan refinancing has emerged as an option for graduate and undergraduate students to reduce their interest rates. If you meet their initial qualifications, CommonBond student loan refinancing has broad product offerings and competitive rates. CommonBond has the most unique and forward social mission and community approach across refinancing lenders. If you are worried about losing federal benefits, CommonBond has you covered.

High Balance Borrowers: Refinance up to $500,000, borrowers must have at least a $3,500 loan balance

Eligibility

Loan Qualifications: Refinance federal, private, and ParentPLUS loans

School Eligibility:  Available to both undergraduate and graduate degree holders from over 2,000 colleges and universities nationwide

20

Fixed Term

7

Variable Term

3.03 – 5.41%

3.82 - 6.26%

Products

Term (Years)

3.41 – 5.73%

Rate (APR)

*APRs include auto pay discounts where available

Rate (APR)

10

Term (Years)

** The variable rate is your margin + 1-month LIBOR is at the time

7

5

10

10

15

15

3.63 – 6.03%

20

Hybrid Term

3.50 – 5.99%

Term (Years)

4.61 – 7.00%

Rates start out fixed (5 years) and then switch to variable (last 5 years)

5.12 – 7.49%

Fixed Rate

5.37 – 7.74%

Variable Rate

2.51 - 4.89%**

5

Rates valid as of December 1, 2016

2.23 – 5.03%

2.53 – 5.16%

4.00 – 6.49%

Key Benefits

  • Borrowers can take part in loan forbearance options under certain circumstances, including economic hardship
  • CommonBridge program for borrowers who are in between jobs, to receive a consulting opportunity at a mission-driven company
  • When a borrower’s loan is funded, a Pencils of Promise student will also be funded for an entire education year
  • Auto pay (ACH) rate reduction of 0.25% available
  • Parent PLUS loans can be transferred from parent to student

Check out our review of CommonBond student loan refinancing and learn what others are saying about their offerings.

Learn More About Student Loans

Learn what your deferment and forbearance is and what happens to these benefits if you choose to consolidate or refinance.

Learn about that factors that influence the rate you qualify for when you refinance so you can maximize your offer.

Considering refinancing your student loans? Learn the pros and cons of fixed and variable rate loans.

Firstmark Services

Education Refinance Loan

Additional Information

LOAN NAME

LOAN SERVICER

The average graduate who refinances with Credible saves $18,668