First Republic Student Loan Refinancing Review

First Republic Student Loan Refinancing is a student loan refinance offering by First Republic Bank, . Founded in 1985, First Republic Bank offers student loan refinancing in 7 states across the USA.

What APRs does First Republic Student Loan Refinancing 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. 

Borrowers who choose a fixed-rate refinancing loan can expect APRs that range from 1.95% to 3.85% APR.

How much can you borrow via First Republic Student Loan Refinancing?

Loan amounts start at $25,000 and go up to $300,000

Does First Republic Student Loan Refinancing charge an origination fee?

No, First Republic Student Loan Refinancing 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 First Republic Student Loan Refinancing charge prepayment fees?

No, First Republic Student Loan Refinancing 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 First Republic Student Loan Refinancing offer?

First Republic Student Loan Refinancing provides refinancing loans of 5 to 15 years.

What type of borrowers will First Republic Student Loan Refinancing consider?

First Republic Student Loan Refinancing considers loans applications from:

• undergraduate students
• graduate students
• undergraduate degree holders
• graduate degree holders

What do you need to qualify for First Republic Student Loan Refinancing?

First Republic Student Loan Refinancing does not have or does not disclose a minimum annual income eligibility requirement. First Republic Student Loan Refinancing only considers borrowers who are employed. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via First Republic Student Loan Refinancing. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by First Republic Student Loan Refinancing. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

• Recent pay stubs
• Proof of income
• Driver's license
• Government issued photo ID
• Proof of identity
• U.S. tax identification number