Where does Education Loan Finance do business?
Education Loan Finance is a bank based in Knoxville, TN. It was founded in 2015 and offers student loan refinancing in 50 states (and Washington, DC).
What APRs does Education Loan Finance 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.
Education Loan Finance offers variable rate APRs that range from 2.55% to 6.01%.
Borrowers who choose a fixed-rate refinancing loan can expect APRs that range from 3.09% to 6.69% APR.
How much can you borrow via Education Loan Finance?
Loan amounts start at $15,000 and go up to $250,000
Does Education Loan Finance charge an origination fee?
No, Education Loan Finance 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 Education Loan Finance charge prepayment fees?
No, Education Loan Finance 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 Education Loan Finance offer?
Education Loan Finance provides refinancing loans of 5 to 20 years.
What type of borrowers will Education Loan Finance consider?
Education Loan Finance considers loans applications from:
- undergraduate students
- graduate students
- parents of students
- undergraduate degree holders
- graduate degree holders
- parents of graduates
What do you need to qualify for a Education Loan Finance student loan refinance?
Education Loan Finance doesn’t disclose its credit score minimum.
Only U.S. citizens and permanent residents can apply for a loan.
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104 N. Seven Oaks Dr.
Knoxville, TN 37922 USA
- Visit Site
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
|No Origination Fee|
|No Prepayment Fee|
|Late Fee Amount||$50|
|Immigration Status Considered||
|Employment Statuses Considered||
|Variable APR||2.55% - 6.01%|
|Loan Amount||$15K - $250K|
|Loan Term (Years)||5 - 20|
|Fixed APR||3.09% - 6.69%|