WeFinance is a student loans lender based in San Francisco, CA. It was founded in 2014 and offers student loan refinancing in 50 states (and Washington, DC).

What APRs does WeFinance 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. 

Borrowers who choose a fixed-rate refinancing loan can expect APRs that range from 0% to 20% APR.

Does WeFinance charge an origination fee?

No, WeFinance 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 WeFinance charge prepayment fees?

Yes, WeFinance 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 WeFinance offer?

WeFinance provides refinancing loans of 1 to 3 years.

What type of borrowers will WeFinance consider?

WeFinance considers loans applications from:

  • undergraduate students
  • graduate students
  • parents of students

What do you need to qualify for a WeFinancestudent loan refinance?

Active duty servicemembers and their covered dependents cannot apply for a loan via WeFinance. 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 WeFinance?

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

  • Loan Term (Years)
    1 - 3
  • Min Loan
  • Undergraduate Students
  • Graduate Students
  • Parents of Dependent
  • No Origination Fee
  • Funding Time Range (in days)
    7 - 14
  • Fixed APR
    Up to 20%
"WeFinance is a platform that helps organize and operate loans between individuals. It is not a lending service or a licensed lender . . . ."
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