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  Citizens Bank Student Loan

Citizens Bank Student Loan

in Private Student Loans from Citizens Bank

Unaffiliated

Citizens Bank Student Loan

Unaffiliated

in Private Student Loans from Citizens Bank

SuperMoney Net Recommendation Score -100% Recommendation score measures the loyalty between a provider and a consumer. It's at +100% if everybody recommends the provider and at -100% when no one recommends.

Strongly not recommended

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1 user doesn't recommend
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Highlights
Highlights
Community Rating Strongly not recommended
Fixed APR 5.75% - 12.1%
Variable APR 4.46% - 12.33%
Loan Amount $1,000 - $295,000

Overview

Where does Citizens Bank Student Loan do business?

Citizens Bank Student Loan is a bank based in Providence, RI. It was founded in 1828 and offers student loans in 50 states (and Washington, DC).

What rates does Citizens Bank Student Loan offer for in-school private student loan?

Citizens Bank Student Loan has a variable APR that ranges from 4.46% up to 12.33%.

It offers a fixed APR that ranges from 5.75% up to 12.10%.

Many students have little or no credit history when they start college. By having a parent or other creditworthy individual cosign the loan, the student may improve their chance of approval or qualify for lower interest rates.

How much can you borrow from Citizens Bank Student Loan?

Available loan amounts may vary by applicant but Citizens Bank Student Loan has a minimum loan amount of $1,000 and offers loans up to $295,000.

Does Citizens Bank Student Loan charge an origination fee?

No, Citizens Bank Student Loan 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 Citizens Bank Student Loan charge prepayment fees?

No, Citizens Bank Student Loan 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 Citizens Bank Student Loan offer?

Citizens Bank Student Loan provides repayment terms ranging from 5 to 15 years.

What type of borrowers will Citizens Bank Student Loan consider?

Citizens Bank Student Loan considers loans applications from:

  • undergraduate students
  • graduate students
  • parents of students

What do you need to qualify for a loan with Citizens Bank Student Loan?

Citizens Bank Student Loan 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.

Citizens Bank Student Loan only considers borrowers who are employed.

U.S. citizens, permanent residents, and non-residents can all apply for a Citizens Bank Student Loan loan.

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

  • Proof of citizenship or residence permit
  • Proof of income
  • CITIZENS BANK STUDENT LOAN Disclosure: "Lowest rates shown are for eligible applicants, require a 5-year repayment term, borrower making scheduled payments while in school and include our Loyalty and Automatic Payment discounts of 0.25 percentage points each, as outlined in the Loyalty Discount and Automatic Payment Discount disclosures. Subject to additional terms and conditions, and rates are subject to change at any time without notice."
    SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

    Availability

    Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
      Available in 50 states and Washington, D.C.
    • Alabama
    • Alaska
    • Arizona
    • Arkansas
    • California
    • Colorado
    • Connecticut
    • Delaware
    • Washington, DC
    • Florida
    • Georgia
    • Hawaii
    • Idaho
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Louisiana
    • Maine
    • Maryland
    • Massachusetts
    • Michigan
    • Minnesota
    • Mississippi
    • Missouri
    • Montana
    • Nebraska
    • Nevada
    • New Hampshire
    • New Jersey
    • New Mexico
    • New York
    • North Carolina
    • North Dakota
    • Ohio
    • Oklahoma
    • Oregon
    • Pennsylvania
    • Rhode Island
    • South Carolina
    • South Dakota
    • Tennessee
    • Texas
    • Utah
    • Vermont
    • Virginia
    • Washington
    • West Virginia
    • Wisconsin
    • Wyoming

    Feature Breakdown

    Grace Period for Late Payment (Days) 6
    No Origination Fee  
    No Prepayment Fee  
    Cosigner Optional  
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    • Non-Resident
    Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Other
    • Retired
    • Self-Employed
    Verification Documents Required
    • Proof of Income
    • Proof of Residence
    • References
    • Proof of citizenship/residence (Green Card)
    Variable APR 4.46% - 12.33%
    Loan Amount $1K - $295K
    Loan Term (Years) 5 - 15
    Fixed APR 5.75% - 12.1%

    Reviews

     
     

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