Purefy Student Loan Refinance
Purefy Student Loan Refinance
in Student Loan Refinancing from Purefy

Purefy Student Loan Refinance

in Student Loan Refinancing from Purefy
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Splash Financial Student Loan Refinance
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Loan Amount $5,000 - $500,000
Loan Term (Years) 5 - 20 years
Fixed APR 2.50% - 5.69%
Variable APR 1.88% - 5.54%

Purefy Student Loan Refinance Review

Purefy Student Loan Refinance is a student loan refinance offering by Purefy. Founded in 2013, Purefy offers student loan refinancing in 50 states (and Washington, DC).

What APRs does Purefy Student Loan Refinance 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 Student Loan Refinance offers variable rate APRs that range from 1.88% to 5.54%.
Borrowers who choose a fixed-rate refinancing loan can expect APRs that range from 2.50% to 5.69% APR.

How much can you borrow via Purefy Student Loan Refinance?

Loan amounts start at $5,000 and go up to $500,000

Does Purefy Student Loan Refinance charge an origination fee?

No, Purefy Student Loan Refinance 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 like Purefy that don’t charge origination fees.

Does Purefy Student Loan Refinance charge prepayment fees?

Purefy Student Loan Refinance is a marketplace lending platform and may sometimes charge a prepayment penalty depending on the unique circumstances of each borrower. Read the loan documents carefully before you commit to a loan. Lenders must disclose any fees they'll charge you upfront, including prepayment penalties.

What terms does Purefy Student Loan Refinance offer?

Purefy Student Loan Refinance provides refinancing loans of 5 to 20 years.

What type of borrowers will Purefy Student Loan Refinance consider?

Purefy Student Loan Refinance considers loans applications from:

  • Undergraduate students
  • Non-degree holders
  • Undergraduate degree holders
  • Graduate degree holders
  • Parents of graduates

What do you need to qualify for Purefy Student Loan Refinance?

Applicants with a credit score that ranges from 650 may be eligible for Purefy Student Loan Refinance.

Purefy Student Loan Refinance does not have or does not disclose a minimum annual income eligibility requirement. Purefy Student Loan Refinance will consider borrowers regardless of their employment status if they can prove their ability to repay their obligations. Note that borrowers can add a cosigner or a co-borrower 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 Purefy Student Loan Refinance. Their rates fall within the limits of The Military Lending Act.

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

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

  • Proof of identity

What is the estimated funding time for a student loan refinance via Purefy Student Loan Refinance?

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

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Message From Our Editor

What we love about Purefy

Purefy Student Loan Refinancing lets you view the terms of your refinancing offer, including interest rates and fees, before checking your credit. That means that you can easily see if refinancing is a good idea without impacting your credit score.

Purefy doesn’t service loans itself. Instead, the company, matches you with partner lenders, meaning it can help you find a good deal. Through Purefy Student Loan Refinancing, you can refinance very small or large loans and select from a variety of loan terms to customize your monthly payments.

To sweeten the deal, the company offers a few bonus features such as couples loans and cosigner releases.

What could Purefy do better?

One drawback of working with Purefy is a drawback of any type of student loan refinancing. If you refinance federal loans with a private lender, you lose many of the protections and perks of federal student loans, like income-based repayment.

The company also has a short list of lending partners, so if you want a tool that can help you compare dozens of different student lenders, you’ll want to look elsewhere.

Purefy's backstory

Purefy was founded in 2014 to help add more transparency to the student loan industry. Jack Zoeller, founder of Purefy, chooses lenders to work with because of the way they structure their loans to make them clear and easy to understand.

The Verdict

If you’re looking for a transparent lending process and want the chance to see your rates before impacting your credit, Purefy Student Loan Refinancing is a great choice. Still, you should take the time to shop around and look for the best deal because Purefy only partners with a small number of lenders.


About Purefy Student Loan Refinance


  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

No Origination Fee
No Interest Grace Period for Late Payment 0 days
Cosigner Optional
Credit Score Range 650 -
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Unemployed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Joint Loan Applications Accepted
  • Co-borrower
  • Cosigner
  • Individual Applications
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Verification Documents Required
  • Proof of Identity
Funding Time Range 7 - 14 days
Payment Options
  • Automatic Payments
  • Check by mail
  • Bank Transfer
Fixed APR 2.50% - 5.69%
Loan Amount $5,000 - $500,000
Variable APR 1.88% - 5.54%
Loan Term 5 - 20 years

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