WeFinance is an online platform that connects borrowers to people with savings. Customers can borrow money for student loans, code boot camps, and more. Borrowers list loan applications that are crowdfunded by individual investors, including the borrowers' friends and relatives. Investors receive larger than average returns while still getting the satisfaction of helping someone in their network. Borrowers receive rates and terms they may otherwise not qualify for. WeFinance complements the funds pledged by your network with cash provided by WeFinance's partners: lenders such as Earnest and Payoff.

How Much Does WeFinance Cost?

WeFinance is entirely free. The company may charge fees in the future for additional services, but as of 2017, it is completely free for borrowers. WeFinance does charge its lending partners (Earnest, Payoff, and others) when borrowers don't receive all they need from crowdfunding.

What Are WeFinance's Rates?

Whether you want funds to refinance your existing student loans or funds to pay for college, the rate of a WeFinance loan is set by you the borrower. However, 4% is a common rate for WeFinance borrowers.

How Does WeFinance Compare With Other Student Loans Providers?

  • WeFinance is not a lending service or a licensed lender. However, it helps borrowers receive much better rates than what they qualify for with most lenders. 
  • Rates are lower than traditional lenders. 
  • WeFinance is faster and easier than regular traditional lenders.



  • Loan Term (Years)
    1 - 3
  • Min Loan
  • Fixed APR (Refinancing)
    Up to 20%
  • Undergraduate Students
  • Graduate Students
  • Parents of Dependent
  • No Origination Fee
  • Student Loan Type
    • Private
    • Refinance
  • Funding Time
    1-2 weeks
"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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I'm amazed more people don't use this tool. First, what bank let's you PICK YOUR OWN INTEREST RATE?

I was able to refinance my loan from another tech lending company and saved 2%. It doesn't sound like a lot, but over 3 years, it compounds and adds up!

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