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iHELP

Unaffiliated

in Student Loan Refinancing

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Overview

Where does iHELP do business?

iHELP is a marketplace lender based in Aberdeen, SD. It was founded in 1978 and offers student loan refinancing in 50 states (and Washington, DC).

What APRs does iHELP 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. 

iHELP offers variable rate APRs that range from 3.7% to 9.59%.
Borrowers who choose a fixed-rate refinancing loan can expect APRs that range from 4.65% to 8.84% APR.

How much can you borrow via iHELP?

Loan amounts start at $5,000 and go up to $250,000

Does iHELP charge an origination fee?

No, iHELP 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 iHELP charge prepayment fees?

Yes, iHELP 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 iHELP offer?

iHELP provides refinancing loans of 10 to 20 years.

What type of borrowers will iHELP consider?

iHELP considers loans applications from:

  • undergraduate degree holders
  • graduate degree holders

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

iHELP 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.

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

iHELP will typically fund loans within 7 and 14 days of approval.

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Contact

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
Variable APR
3.7% - 9.59%
2% 10%
Loan Amount
$5K - $250K
$1K $350K
Loan Term (Years)
10 - 20
1 25
Fixed APR
4.65% - 8.84%
0% 30%

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