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Where does Splash Financial, Inc. do business?

Splash Financial, Inc. is a marketplace lender based in Clevelend, OH. It was founded in 2012 and offers student loan refinancing in 50 states (and Washington, DC).

What APRs does Splash Financial, Inc. 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. 

Splash Financial, Inc. offers variable rate APRs that range from 3.23% to 7.01%.
Borrowers who choose a fixed-rate refinancing loan can expect APRs that range from 3.5% to 7.28% APR.

How much can you borrow via Splash Financial, Inc.?

Loan amounts start at $7,500 and go up to $350,000

Does Splash Financial, Inc. charge an origination fee?

No, Splash Financial, Inc. 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 Splash Financial, Inc. charge prepayment fees?

No, Splash Financial, Inc. 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 Splash Financial, Inc. offer?

Splash Financial, Inc. provides refinancing loans of 5 to 15 years.

What type of borrowers will Splash Financial, Inc. consider?

Splash Financial, Inc. considers loans applications from:

  • parents of students
  • undergraduate degree holders
  • graduate degree holders
  • parents of graduates

What do you need to qualify for a Splash Financial, Inc. student loan refinance?

Applicants with a credit score of at least 670 can apply for a loan via Splash Financial, Inc..

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 identity
  • Proof of citizenship or residence permit
  • Recent pay stubs
  • Proof of income
  • Proof of graduation
  • Loan payoff statements

What is the estimated funding time for a student loan refinance via Splash Financial, Inc.?

Splash Financial, Inc. will typically fund loans within 3 and 14 days of approval.

How does Splash Financial, Inc. describe itself?

We created Splash Financial because our friends were drowning in student loan debt and had nowhere to turn for help. We knew that if our friends were suffering, it was likely that people all over the country were struggling with the same issues - the burden of high student loan balances, with high interest rates and large monthly payments. We believe young professionals will have a huge impact in the world - that's why we're investing in you now. If lowering your monthly payment or paying off your student loans faster can help you reach your goals and make a splash in the world, then we made a fantastic investment. Welcome to Splash Financial.

  • Cosigner Optional
  • Credit Score Range
    670 - 850
  • Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Retired
    • Self-Employed
  • Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
  • Joint Loan Applications Accepted
    Co-signer
  • Military Status
    • Active Duty Military
    • Military Dependent
    • Non-Military
    • Veterans
  • Minimum Annual Income
    $25000
  • Verification Documents Required?
    • Loan Payoff Statements
    • Proof of Graduation
    • Proof of Identity
    • Proof of Income
    • Recent Pay Stubs
    • Driver License (or other photo ID)
    • Proof of citizenship/residence
  • Late Fee After (number of days)
    5
  • Late Fee Amount
    $25
  • No Origination Fee
  • No Prepayment Fee
  • Credit Bureau Reporting
    TransUnion
  • Funding Time Range (in days)
    3 - 14
  • Payment Options
    • Automatic Payments
    • Check by mail
  • Loan Amount
    $7500 - $350000
  • Loan Term (Years)
    5 - 15
  • Variable APR
    3.23% - 7.01%
  • Fixed APR
    3.5% - 7.28%
Terms and Conditions apply. Splash reserves the right to modify or discontinue products and benefits at any time without notice. Rates and terms are also subject to change at any time without notice. Offers are subject to credit approval. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet applicable underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates are reserved for the highest qualified borrowers. If approved, your actual rate will be within a range of rates and will depend on a variety of factors, including term of loan, a responsible financial history, income and other factors. Refinancing or consolidating private and federal student loans may not be the right decision for everyone. Federal loans carry special benefits not available for loans made through Splash Financial, for example, public service loan forgiveness and economic hardship programs, fee waivers and rebates on the principal, which may not be accessible to you after you refinance.
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