Wells Fargo Student Loan Refinance Review

Wells Fargo Student Loan Refinance is a student loan refinance offering by Wells Fargo Bank, a bank. Founded in 1852, Wells Fargo Bank offers student loan refinancing in 50 states (and Washington, DC).

What APRs does Wells Fargo Student Loan Refinance 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 Student Loan Refinance 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 Student Loan Refinance?

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

Does Wells Fargo Student Loan Refinance charge an origination fee?

No, Wells Fargo Student Loan Refinance 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 Student Loan Refinance charge prepayment fees?

Yes, Wells Fargo Student Loan Refinance 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 Student Loan Refinance offer?

Wells Fargo Student Loan Refinance provides refinancing loans of 5 to 15 years.

What type of borrowers will Wells Fargo Student Loan Refinance consider?

Wells Fargo Student Loan Refinance considers loans applications from:

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

What do you need to qualify for a Wells Fargo Student Loan Refinance student loan refinance?

Wells Fargo Student Loan Refinance 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 Student Loan Refinance?

Wells Fargo Student Loan Refinance will typically fund loans within 7 and 14 days of approval.