Wells Fargo Bank is a student loans lender based in Houston, TX. It was founded in 1852 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.
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.
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.
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.
Wells Fargo Bank provides refinancing loans of 5 to 15 years.
Wells Fargo Bank 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 Wells Fargo Bank. The Military Lending Act prohibits lenders from charging servicemembers more than a 36% APR.
Wells Fargo Bank will typically fund loans within 7 and 14 days of approval.
Be the first to write a review for this company!Write a Review