Where does CommonBond do business?

CommonBond is a student loans lender based in New York, NY. It was founded in 2012 and offers student loans in 50 states (and Washington, DC).

What rates does CommonBond offer for in-school private student loan?

CommonBond offers variable rate APRs that range from 3.05% to 9.19%.
CommonBond offers fixed rate APRs that range from 5.5% to 9.92% APR.

What is the minimum loan amount?

CommonBond has a minimum loan amount of $5,000.

Does CommonBond charge an origination fee?

No, CommonBond 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 CommonBond charge prepayment fees?

Yes, CommonBond 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 CommonBond offer?

CommonBond provides loans of 5 to 20 years.

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

CommonBond offers borrowers unemployment protection. This means that if you lose your job -- or you have just finished school -- your loan payments are placed on a temporary hold.

What type of borrowers will CommonBond consider?

CommonBond considers loans applications from:

  • undergraduate students
  • graduate students
  • parents of students


  • Loan Term (Years)
    5 - 20
  • Min Loan
  • Cosigner Optional
  • Undergraduate Students
  • Graduate Students
  • Parents of Dependent
  • Grace Period / Deferred Interest
  • No Origination Fee
  • Student Loan Type
  • Funding Time Range (in days)
    7 - 14
  • Unemployment Protection
  • Up to Cost of Attendance
  • Variable APR
    3.05% - 9.19%
  • Fixed APR
    5.5% - 9.92%
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