Discover Bank Student Loan Consolidation
in Student Loan Refinancing from Discover Bank
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| Fixed APR | 5.74% - 8.49% |
| Loan Amount | $5,000 - $150,000 |
| Variable APR | 4.99% - 7.99% |
| Loan Term | 10 - 20 years |
Discover Bank Student Loan Consolidation Review
Discover Bank Student Loan Consolidation is a student loan refinance offering by Discover Bank, . Founded in 1985, Discover Bank offers student loan refinancing in 50 states (and Washington, DC).
What APRs does Discover Bank Student Loan Consolidation 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.
Discover Bank Student Loan Consolidation offers variable rate APRs that range from 4.99% to 7.99%.
Borrowers who choose a fixed-rate refinancing loan can expect APRs that range from 5.74% to 8.49% APR.
How much can you borrow via Discover Bank Student Loan Consolidation?
Loan amounts start at $5,000 and go up to $150,000
Does Discover Bank Student Loan Consolidation charge an origination fee?
No, Discover Bank Student Loan Consolidation 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 Discover Bank Student Loan Consolidation charge prepayment fees?
Yes, Discover Bank Student Loan Consolidation charges additional fees to borrowers who pay off their loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment fees can reduce or even cancel the interest savings of repaying a loan early.
What terms does Discover Bank Student Loan Consolidation offer?
Discover Bank Student Loan Consolidation provides refinancing loans of 10 to 20 years.
What type of borrowers will Discover Bank Student Loan Consolidation consider?
Discover Bank Student Loan Consolidation considers loans applications from:
- undergraduate degree holders
- graduate degree holders
- parents of graduates
What do you need to qualify for Discover Bank Student Loan Consolidation?
Discover Bank Student Loan Consolidation does not require or does not disclose a credit score minimum.
Discover Bank Student Loan Consolidation 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.
What is the estimated funding time for a student loan refinance via Discover Bank Student Loan Consolidation?
Discover Bank Student Loan Consolidation will typically fund loans within 1 and 7 days of approval.
Contact
- Headquarters
-
502 E. Market Street
Greenwood, DE 19950 USA - Visit Site
Other Services by Discover Bank
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
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- 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 |
| No Origination Fee |
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