Is ELFI the right fit for you?

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Last Updated: 03/05/2026

ELFI

from SouthEast Bank

Last Updated: 03/05/2026

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Strongly recommended9 total votes

8 users recommend

1 users are unsure

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Highlights

Community Rating

Strongly recommended

Fixed APR

4.29% - 8.44%

Variable APR

4.74% - 8.24%

Amount Range

Starting at $10,000

Loan Term (Years)

5 - 20

Number of Reviews

ELFI Review

ELFI is a student loan refinance offering by SouthEast Bank . Founded in 1995, SouthEast Bank offers student loan refinancing in 50 states and Washington, DC.

ELFI FAQ

What APRs does ELFI 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.

ELFI offers variable rate APRs that range from 4.74% to 8.24%.Borrowers who choose a fixed-rate refinancing loan can expect APRs that range from 4.29% to 8.44% APR.

How much can you borrow via ELFI?

Loan amounts start at $10,000 .

Does ELFI charge an origination fee?

No, ELFI 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 ELFI charge prepayment fees?

No, ELFI 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 ELFI offer?

ELFI 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 ELFI consider?

ELFI considers loans applications from:

What do you need to qualify for ELFI?

Applicants with a credit score of at least 680 and up to 850 may be eligible for ELFI.

ELFI 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 ELFI.

What is the estimated funding time for a student loan refinance via ELFI?

ELFI will typically fund loans within 14 and 21 days of approval.

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Message from ELFI

Education Loan Finance (“ELFI”) makes financing your future simple by offering easy payment options, affordable rates, and flexible terms in an application process that is transparent and secure. Ready for something truly different? You’ll never go it alone. When you apply, you’ll receive a Student Loan Advisor, an expert ready to walk you through the application process and answer any questions along the way.

Contact

Headquarters

12700 Kingston Pike

Farragut, TN 37934

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Email Support

Other Services by SouthEast Bank

SuperMoney Net Recommendation Score

SuperMoney users strongly recommend this product, giving it a user recommendation score of +89, or 4.8 on a 5-point rating scale.

+89

-1000+100

No one recommends

Everyone recommends

The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.

ELFI Community Reviews

Would you recommend ELFI to your friends?

Torbjorn T.

Oct 16, 2022

May or may not recommend

best option for those with Parent PLUS loans who could benefit from refinancing. Works your budget. yes, I recommend it.

Shaina M.

Aug 12, 2022

May or may not recommend

They didn’t just handle the finance part of my loan but they also sent me resources for deepened financial literacy and handled me with world class customer service even tho I was the one needing assistance .

Sachida J.

Jun 15, 2022

May or may not recommend

If you're looking to refinance your student loans, Education Loan Finance is a great option. They offer competitive interest rates and a variety of repayment options. The process was quick and easy, and I was able to get a lower interest rate than I was expecting. I would definitely recommend Education Loan Finance to anyone considering refinancing their student loans.

Customer R.

Apr 17, 2022

May or may not recommend

Their customer service representative was very patient making sure I understood everything before signing. You need to have decent credit to apply,

Sumaiyah S.

Mar 12, 2022

May or may not recommend

ELFI makes applying for a student loan easy with its completely digital application process and dedicated personal loan advisor to help you along the way. If you’ve exhausted all your federal aid options and still need more than $10,000, then ELFI could be a great choice for you. However, if you just need a small loan to cover some extras, you’ll want to go with another lender.

Kayla P.

Feb 25, 2022

May or may not recommend

Being able to chose loan terms between 5 and 20 years is great because it allows me to make smaller payments that are easily affordable. I am so glad refinanced my student loans here!

Jessica M.

Jan 16, 2022

May or may not recommend

Amazing. No origination fee which is such a big plus. They almost work around your budget which is super helpful. Manage your money well though.

Shelly S.

Jan 14, 2022

May or may not recommend

no origination fee and no prepayment fee, their customer service is amazing and APR is not bad for the loan they provide.

Holly W.

Feb 26, 2021

May or may not recommend

I thought it was impossible to pay back all my student loans until one of my friends recommended this company. So glad I am finally on the path to paying back the debt, it is a huge weight off my shoulders!

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