U-fi is a student loans lender based in Lincoln, NE. It was founded in 2015 and offers student loan refinancing in state across the USA.
The range of APRs you qualify for when refinancing a student loan 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.
No, U-fi 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.
Yes, U-fi 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.
U-fi provides refinancing loans of 5 to 25 years.
U-fi considers loans applications from:
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 U-fi. The Military Lending Act prohibits lenders from charging servicemembers more than a 36% APR.
U-fi will typically fund loans within 7 and 14 days of approval.
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