Everence is a student loans lender based in Berne, IN. It was founded in 1945 and offers student loan refinancing in state across the USA.

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 8.50%.

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 students
  • graduate students

What do you need to qualify for a Everencestudent loan refinance?

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

Active duty servicemembers and their covered dependents cannot apply for a loan via Everence. The Military Lending Act prohibits lenders from charging servicemembers more than a 36% APR.

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.

  • Loan Term (Years)
    5 - 20
  • Min Loan
  • Cosigner Optional
  • Undergraduate Students
  • Graduate Students
  • Grace Period / Deferred Interest
  • No Origination Fee
  • Funding Time Range (in days)
    1 - 7
  • Variable APR
    4.68% - 8.50%
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