CommonBond
in Student Loan Refinancing from CommonBond, Inc
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| Loan Amount | $5,000 - $500,000 |
| Loan Term (Years) | 5 - 20 years |
| Fixed APR | 2.98% - 6.81% |
| Variable APR | 2.98% - 6.81% |
CommonBond Review
CommonBond is a student loan refinance offering by CommonBond, Inc, . Founded in 2012, CommonBond, Inc offers student loan refinancing in 48 states (and Washington, DC).
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What APRs does CommonBond offer on its student refinancing loans?
The range of APRs you qualify for when refinancing a student loan vary widely by lender and will depend on your creditworthiness and the type of loan you choose. Loans with fixed rates will typically have higher APRs than loans with a variable rate.
CommonBond offers variable rate APRs that range from 2.98% to 6.81%.
Borrowers who choose a fixed-rate refinancing loan can expect APRs that range from 2.98% to 6.81% APR.
How much can you borrow via CommonBond?
Loan amounts start at $5,000 and go up to $500,000
Does CommonBond charge an origination fee?
No, CommonBond does not charge a loan origination fee.
A loan origination fee is what some lenders charge for processing, underwriting, and funding a loan. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.
Does CommonBond charge prepayment fees?
No, CommonBond does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.
What terms does CommonBond offer?
CommonBond provides refinancing loans of 5 to 20 years.
It also offers borrowers unemployment protection. This means that if you lose your job through no fault of your own your loan payments may qualify for a temporary hold.
What type of borrowers will CommonBond consider?
CommonBond considers loans applications from:
- undergraduate degree holders
- graduate degree holders
- parents of graduates
What do you need to qualify for CommonBond?
Applicants with a credit score of at least 660 and up to 850 may be eligible for CommonBond.CommonBond does not have or does not disclose a minimum annual income eligibility requirement. CommonBond only considers borrowers who are employed. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.
What is the estimated funding time for a student loan refinance via CommonBond?
CommonBond will typically provide a credit approval decision in less than an hour and fund the loan within 7 to 14 days.
Contact
- Headquarters
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524 Broadway, 6th Floor
New York, NY 10012 - Visit Site
Other Services by CommonBond, Inc
Availability
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Washington, DC
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Missouri
- Montana
- Nebraska
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
Feature Breakdown
| No Interest Grace Period for Late Payment | 6 days |
| No Origination Fee | |
| No Prepayment Fee |
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