Purefy is a student loans lender based in Washington, DC. It was founded in 2013 and offers student loan refinancing in 50 states (and Washington, DC).

What APRs does Purefy 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. 

Purefy offers variable rate APRs that range from 2.77% to 8.62%.
Borrowers who choose a fixed-rate refinancing loan can expect APRs that range from 4.74% to 8.24% APR.

Does Purefy charge an origination fee?

No, Purefy 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 Purefy charge prepayment fees?

Yes, Purefy 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 Purefy offer?

Purefy provides refinancing loans of 5 to 20 years.

What type of borrowers will Purefy consider?

Purefy considers loans applications from:

  • undergraduate students
  • graduate students
  • parents of students

What do you need to qualify for a Purefystudent 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 Purefy. 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 Purefy?

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

  • Loan Term (Years)
    5 - 20
  • Min Loan
  • Cosigner Optional
  • Undergraduate Students
  • Graduate Students
  • Parents of Dependent
  • No Origination Fee
  • Funding Time Range (in days)
    7 - 14
  • Variable APR
    2.77% - 8.62%
  • Fixed APR
    4.74% - 8.24%
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