SuperMoney

Everence

Claimed

in Student Loan Refinancing

Not enough votes for recommendation

Not enough votes for recommendation

Cast your vote
Cast your vote

Would you recommend Everence to your friends?

Thanks for your vote!

Thanks for your vote!

You voted: May or may not recommend

Overview

Where does Everence do business?

Everence is a credit union based in Berne, IN. It was founded in 1945 and offers student loan refinancing in 50 states (and Washington, DC).

What APRs does Everence 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. 

Everence offers variable rate APRs that range from 4.68% to 8.5%.

How much can you borrow via Everence?

Loan amounts start at $2,000.

Does Everence charge an origination fee?

No, Everence 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 Everence charge prepayment fees?

Yes, Everence 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 Everence offer?

Everence provides refinancing loans of 5 to 20 years.

What type of borrowers will Everence consider?

Everence considers loans applications from:

  • undergraduate degree holders
  • graduate degree holders

What do you need to qualify for a Everence student loan refinance?

Everence doesn’t disclose its credit score minimum.

Note that borrowers can add a cosigner to the loan to either meet eligibility requirements or qualify for lower interest rates.

 

To qualify, applicants must provide the following documentation:

  • Recent pay stubs
  • Proof of income
  • Proof of graduation
  • Loan payoff statements

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

Everence will typically fund loans within 1 and 7 days of approval.

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...

Contact

Other Services by Everence

Availability

Available in 50 states and Washington, D.C.
  • 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

Grace Period for Late Payment (Days)
6
No Origination Fee
Cosigner Optional
Minimum Annual Income
$15,000
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Unemployed
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Joint Loan Applications Accepted
  • Co-signer
Verification Documents Required
  • Loan Payoff Statements
  • Proof of Graduation
  • Proof of Identity
  • Proof of Income
  • Recent Pay Stubs
Variable APR
4.68% - 8.5%
2% 10%
Loan Amount
Starting at
$2
Loan Term (Years)
5 - 20
1 25

Be the first to rate

Would you recommend Everence to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
Cancel my vote
(will require moderator approval)

Other Student Loan Refinancing