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Student Loan Refinancing
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Last Updated: 04/18/2025

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CommonBond Student Loan Refinance

in Student Loan Refinancing from CommonBond, Inc

Last Updated: 04/18/2025

CommonBond Student Loan Refinance logo
Strongly recommended15 total votes
14 users recommend
1 users are unsure
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Compare student loan refinancing offers from multiple vetted lenders.

Compare student loan refinancing offers from multiple vetted lenders.

Discover your lowest eligible rate in minutes.

Discover your lowest eligible rate in minutes.

See how much you qualify for and what your monthly payment will be.

See how much you qualify for and what your monthly payment will be.

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It's quick, easy, and won't hurt your credit score.

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Highlights

Community Rating

Strongly recommended

Fixed APR

2.59% - 6.74%
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Variable APR

2.5% - 6.85%
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Amount Range

$5,000 - $500,000
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Loan Term (Years)

5 - 20
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Number of Reviews

15
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CommonBond Student Loan Refinance Review

CommonBond Student Loan Refinance is a student loan refinance offering by CommonBond, Inc . Founded in 2012, CommonBond, Inc offers student loan refinancing in 48 states and Washington, DC.

CommonBond Student Loan Refinance Pros & Cons

CommonBond Student Loan Refinance FAQ

What APRs does CommonBond Student Loan Refinance 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 Student Loan Refinance offers variable rate APRs that range from 2.5% to 6.85%.Borrowers who choose a fixed-rate refinancing loan can expect APRs that range from 2.59% to 6.74% APR.

How much can you borrow via CommonBond Student Loan Refinance?

Loan amounts start at $5,000 and go up to $500,000

Does CommonBond Student Loan Refinance charge an origination fee?

No, CommonBond Student Loan Refinance 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 Student Loan Refinance charge prepayment fees?

No, CommonBond Student Loan Refinance 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 Student Loan Refinance offer?

CommonBond Student Loan Refinance 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 Student Loan Refinance consider?

CommonBond Student Loan Refinance considers loans applications from:

    What do you need to qualify for CommonBond Student Loan Refinance?

    Applicants with a credit score of at least 680 and up to 850 may be eligible for CommonBond Student Loan Refinance.
    CommonBond Student Loan Refinance does not have or does not disclose a minimum annual income eligibility requirement.
    U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by CommonBond Student Loan Refinance.
    To qualify, applicants may need to provide the following documentation:
    • Driver's license or other government photo ID
    • Government issued photo ID
    • Proof of identity
    • Proof of citizenship or residence permit

    What is the estimated funding time for a student loan refinance via CommonBond Student Loan Refinance?

    CommonBond Student Loan Refinance will typically fund loans within 7 and 14 days of approval.

    CommonBond Student Loan Refinance Disclosure: All Annual Percentage Rates (APRs) are current as of October 26, 2020 and assume borrowers enroll in auto pay for the life of the loan which accounts for a 0.25% reduction in interest rate. All variable rates are based on a 1-month LIBOR assumption of 0.15% effective Oct 1, 2020, which may adjust monthly and may increase after consummation. If you choose to complete an application, we will conduct a hard credit pull, which may affect your credit score. If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown. Offered terms are subject to change and state law restriction. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900), nmlsconsumeraccess.org.

    SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

    Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

    CommonBond Student Loan Refinance logo

    Message from CommonBond Student Loan Refinance

    CommonBond believes that if you are still paying the same interest rate as you were in college, you’re paying too much on your student loans. Refinancing with CommonBond allows you to reset and find an interest rate that matches who you are now and where you’re going next. Better yet, CommonBond offers an easy-to-use online platform, industry-leading protections, and an award-winning Care Team who actually know how to help. CommonBond is also the only finance company with a one-to-one giving model: for every loan CommonBond funds, it funds the education of a child in the developing world.
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    What We Love About CommonBond Student Loan Refinancing

    CommonBond refinancing loans offer a wide range of loan amounts at competitive rates. It has a longer than usual forbearance period (up to 24 months) and allows you to refinance Parent Plus loans in your own name. There is no downside to checking your rates with CommonBond because they use a soft credit check to determine eligibility. This means checking your rate will not impact your credit score.

    What Could CommonBond Do Better?

    CommonBond student loan refinancing is not available in all states and they don't offer financing to associate degree holders. It also requires a minimum credit score and proof of income. This is common with student loan refinance lenders, but it does mean some students will not qualify for a loan.

    CommonBond’s Backstory

    CommonBond is a marketplace lending platform that connects borrowers with institutional investors. It was founded in 2012 by financial experts and is now headquartered in New York City.

    The Verdict

    CommonBond is an online lender that offers both student loan refinancing and private student loans. It is a particularly attractive option for borrowers who have a bachelor's degree and value repayment flexibility. Its private student loans are a good option for borrowers who were already considering a co-signer and for whom customer support is important.

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