First Tech Federal Credit Union Student Loan Refinancing Review

First Tech Federal Credit Union Student Loan Refinancing is a student loan refinance offering by First Technology Federal Credit Union, a credit union. Founded in 2012, First Technology Federal Credit Union offers student loan refinancing in 50 states (and Washington, DC).

What APRs does First Tech Federal Credit Union 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 3.75% to 7.15% APR.

Does First Tech Federal Credit Union Student Loan Refinancing charge an origination fee?

No, First Tech Federal Credit Union 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 Tech Federal Credit Union Student Loan Refinancing charge prepayment fees?

No, First Tech Federal Credit Union 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 Tech Federal Credit Union Student Loan Refinancing offer?

First Tech Federal Credit Union Student Loan Refinancing provides refinancing loans of 5 to 15 years.

What type of borrowers will First Tech Federal Credit Union Student Loan Refinancing consider?

First Tech Federal Credit Union Student Loan Refinancing considers loans applications from:

• undergraduate degree holders
• graduate degree holders

What do you need to qualify for First Tech Federal Credit Union Student Loan Refinancing?

Applicants with a credit score of at least 720 and up to 850 are eligible for First Tech Federal Credit Union Student Loan Refinancing.

First Tech Federal Credit Union Student Loan Refinancing does not have or does not disclose a minimum annual income eligibility requirement. First Tech Federal Credit Union Student Loan Refinancing only considers borrowers who are employed.

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 Tech Federal Credit Union Student Loan Refinancing. Their rates fall within the limits of The Military Lending Act.

Only U.S. citizens and permanent residents can apply for a loan.

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

• Loan payoff statements
• Proof of income
• Proof of identity

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