Where does Laurel Road do business?
Laurel Road is a bank based in Bridgeport, CT. It was founded in 2006 and offers student loan refinancing in 50 states (and Washington, DC).
What APRs does Laurel Road 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.
Laurel Road offers variable rate APRs that range from 2.99% to 6.42%.
Borrowers who choose a fixed-rate refinancing loan can expect APRs that range from 3.5% to 6.99% APR.
How much can you borrow via Laurel Road?
Loan amounts start at $5,000 and go up to $300,000
Does Laurel Road charge an origination fee?
No, Laurel Road 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 Laurel Road charge prepayment fees?
No, Laurel Road 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 Laurel Road offer?
Laurel Road provides refinancing loans of 5 to 20 years.
It also offers borrowers unemployment protection. This means that if you lose your job through no fault of your own your loan payments may qualify for a temporary hold.
What type of borrowers will Laurel Road consider?
Laurel Road considers loans applications from:
- undergraduate degree holders
- graduate degree holders
- parents of graduates
What do you need to qualify for a Laurel Road student loan refinance?
Laurel Road 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.
Only U.S. citizens and permanent residents can apply for a loan.
To qualify, applicants must provide the following documentation:
- Proof of citizenship or residence permit
- Proof of income
LAUREL ROAD Disclosure: If we cannot put our full terms and conditions please just say To view current terms and conditions please visit: https://www.laurelroad.com/personal-loan/
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...
855 Main St
Bridgeport, CT 06604 USA
- Visit Site
Message from Laurel Road
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
|No Origination Fee|
|No Prepayment Fee|
|Immigration Status Considered||
|Employment Statuses Considered||
|Verification Documents Required||
|Approval Speed (Hours)||24|
|Variable APR||2.99% - 6.42%|
|Loan Amount||$5K - $300K|
|Loan Term (Years)||5 - 20|
|Fixed APR||3.5% - 6.99%|