Yrefy Default Student Loan Refinancing Review

Yrefy Default Student Loan Refinancing is a student loan refinance offering by Yrefy LLC, . Founded in 2017, Yrefy LLC offers student loan refinancing in 40 states across the USA.

What APRs does Yrefy Default Student Loan Refinancing 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 0.5% to 7% APR.

How much can you borrow via Yrefy Default Student Loan Refinancing?

Loan amounts start at $5,000 and go up to $250,000

Does Yrefy Default Student Loan Refinancing charge an origination fee?

Yes, Yrefy Default Student Loan Refinancing charges a loan origination fee of 5% of the loan amount. Yrefy Default Student Loan Refinancing deducts the fee directly from your loan amount before depositing your money, so make sure you take this fee into account when deciding how much you need to borrow.

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 Yrefy Default Student Loan Refinancing charge prepayment fees?

No, Yrefy Default Student Loan Refinancing does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.

What terms does Yrefy Default Student Loan Refinancing offer?

Yrefy Default Student Loan Refinancing provides refinancing loans of 3 to 15 years.

What type of borrowers will Yrefy Default Student Loan Refinancing consider?

Yrefy Default Student Loan Refinancing considers loans applications from:

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

What do you need to qualify for Yrefy Default Student Loan Refinancing?

Yrefy Default Student Loan Refinancing does not have or does not disclose a minimum annual income eligibility requirement. Yrefy Default Student Loan Refinancing will consider borrowers regardless of their employment status if they can prove their ability to repay their obligations. Note that borrowers can add a cosigner or a co-borrower to either meet eligibility requirements or qualify for lower interest rates.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Yrefy Default Student Loan Refinancing. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Yrefy Default Student Loan Refinancing.

To qualify, applicants may need to provide the following documentation:

• Recent pay stubs
• Recent bank statements
• Driver's license
• Government issued photo ID
• Proof of identity
• Proof of citizenship or residence permit

What is the estimated funding time for a student loan refinance via Yrefy Default Student Loan Refinancing?

Yrefy Default Student Loan Refinancing will typically provide a credit approval decision in less than an hour and fund the loan within 7 to 7 days.