Where does Wells Fargo Bank do business?

Wells Fargo Bank is a bank based in San Francisco, CA. It was founded in 1852 and offers student loan refinancing in 50 states (and Washington, DC).

What APRs does Wells Fargo Bank 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. 

Wells Fargo Bank offers variable rate APRs that range from 4.49% to 9.49%.
Borrowers who choose a fixed-rate refinancing loan can expect APRs that range from 6.24% to 10.99% APR.

How much can you borrow via Wells Fargo Bank?

Loan amounts start at $1,000 and go up to $250,000

Does Wells Fargo Bank charge an origination fee?

No, Wells Fargo Bank 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 Wells Fargo Bank charge prepayment fees?

Yes, Wells Fargo Bank 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 Wells Fargo Bank offer?

Wells Fargo Bank provides refinancing loans of 5 to 15 years.

What type of borrowers will Wells Fargo Bank consider?

Wells Fargo Bank considers loans applications from:

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

What do you need to qualify for a Wells Fargo Bank student loan refinance?

Wells Fargo Bank doesn’t disclose its credit score minimum.

Note that borrowers can add a cosigner to the loan to either meet eligibility requirements or qualify for lower interest rates.


To qualify, applicants must provide the following documentation:

  • Proof of citizenship or residence permit
  • Proof of income
  • Proof of graduation
  • Loan payoff statements

What is the estimated funding time for a student loan refinance via Wells Fargo Bank?

Wells Fargo Bank will typically fund loans within 7 and 14 days of approval.

  • Institution Type
  • Cosigner Optional
  • Verification Documents Required?
    • Loan Payoff Statements
    • Proof of Graduation
    • Proof of Identity
    • Proof of Income
    • Proof of citizenship/residence
  • Grace Period / Deferred Interest (Months)
  • No Origination Fee
  • Funding Time Range (in days)
    7 - 14
  • Loan Amount
    $1000 - $250000
  • Loan Term (Years)
    5 - 15
  • Variable APR
    4.49% - 9.49%
  • Fixed APR
    6.24% - 10.99%
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