CommonBond Student Loan Refinance is no longer available to new customers on SuperMoney. Click here to compare and quickly find the best options for your needs.
Last Updated: 04/18/2025
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CommonBond Student Loan Refinance
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Last Updated: 04/18/2025
SuperMoney User Recommendation Score +93
Strongly recommended15 total votes
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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
CommonBond Student Loan Refinance Review
CommonBond Student Loan Refinance is no longer available to new customers on SuperMoney. Click here to compare and quickly find the best options for your needs. |
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
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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. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.
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.
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Message from CommonBond Student Loan Refinance
Message from our editor
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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Learn MoreSuperMoney Net Recommendation Score
SuperMoney users strongly recommend this product, giving it a user recommendation score of +93, or 4.9 on a 5-point rating scale.
+93
-1000+100
No one recommends
Everyone recommends
CommonBond Student Loan Refinance Community Reviews
Would you recommend CommonBond Student Loan Refinance to your friends?
BK
Brandon K.
Aug 23, 2021
May or may not recommend
Common Bond was an excellent choice for me and my wife when we decided to go back to school. As loans are needed and money isn’t always available through financial aid, because of one factor or another. Commonbond offers loans from $5,000–$500,000. This is a great option for adults going back to school with established credit.
TJ
Travis J.
Jul 23, 2021
May or may not recommend
Nobody likes student loans but common bond made keeping track of my loan easy and they really worked with me
A P.
Jul 22, 2021
May or may not recommend
CommonBond made refinancing my student loans very simple which helped me financially and allowed me to start back and pursue my degree.
WM
William M.
Jul 20, 2021
May or may not recommend
I've been very happy with CommonBond Student Loan Refinance. The interest is very low with them and they make it a very easy process. I would recommend this for sure.
OM
Okera M.
Jul 16, 2021
May or may not recommend
Great product. One of the best loan distributors on the market. Quick, simple, fast, and easy. I would recommend them to anyone.
SC
Shoane C.
Jun 28, 2021
May or may not recommend
I can honestly say that I have only used this service one time, and the one time I used it, they provided me with excellent service. CommonBond is one of the leading private lenders with moderate interest rates, and excellent repayment terms. CommonBond was one of the first online student loan lenders, and they have continued to lead the way with private student loans. As I stated before I have ...Show More
PN
P N.
Jun 25, 2021
May or may not recommend
CommonBond allows you up to 24 months. You can check your rates with a soft credit check. This company has put my mind at ease so I can focus on furthering my education.
FJ
Felicial J.
May 20, 2021
May or may not recommend
I have three words for Common Bond; Fast, Reliable and dependable.
SA
Samuel A.
May 18, 2021
May or may not recommend
Commonbond student refinancing loan is the best plug. I was able to apply for a temporary hold on my payment because I was unable to meet up with my payment. Commonbond is simply the best.
Youram J.
May 8, 2021
May or may not recommend
I would love to recommend CommonBank to my family and friends. There are times when I can't manage my student fee but thanks to CommonBond who didn't make me suffer and support me through my difficult times. Their customer service employees are so humble and professional, they helped me and gave me proper guidance on each step!!! I'm glad that I selected CommonBond!!
Imoleayo L.
May 5, 2021
May or may not recommend
CommonBond refinancing is such a blessing. Lending terms are flexible with a juicy feature as the forbearance period, which was my saving grace when I ran into a financial crisis as an undergraduate. I recommend it!
SH
Shadrack H.
Apr 24, 2021
May or may not recommend
They were kinda friendly from the call I sent, I called just asking about their day to see if they’d give back thoughtful responses and the person just gave a nonchalant answer. They seem to know what they’re doing but I’d like to work with friendly people personally.
FO
Francisco O.
Apr 21, 2021
May or may not recommend
I'm proud to associate with CommonBond student loan refinancing. They are arguably one of the bests student loan providers out there. Their customer care was very supportive in the course of my inquiry and application. I needed a student when I was in a financial mess and they came through. They offered me 24 months of forbearance for the loan which I paid with ease.
AB
Ashley B.
Apr 16, 2021
May or may not recommend
I have a bachelor’s degree and wanted to further for my master’s degree. But I needed a loan plan that extend repayment for a long time period, I wanted a breathing space. Common bond was the solution. They gave me a 24-month maximum forbearance period which I’m cool with as I didn’t find any other financier offering that. I also funneled my monthly refi savings into my account with a ...Show More
CC
Constance C.
Dec 19, 2020
May or may not recommend
CommonBond student loan refinancing is great. They gave me 24 months of forbearance for my student loan. When I couldn’t make my payments, their customer service was so professional and helped me to get a temporary hold on collections. I would definitely recommend CommonBond student loan refinancing to all of my friends.
Showing 15 of 15 reviews
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