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  CommonBond Private Student Loans

CommonBond Private Student Loans

in Private Student Loans from CommonBond

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CommonBond Private Student Loans

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in Private Student Loans from CommonBond

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Community Rating

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Fixed APR 5.3% - 9.82%
Variable APR 3.74% - 9.7%
Loan Amount $5,000 - $500,000

CommonBond Private Student Loans Review

CommonBond Private Student Loans is offered by CommonBond, a marketplace lender founded in 2012 and based in New York, NY. CommonBond Private Student Loans is offered in 45 states (and Washington, DC).

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

CommonBond Private Student Loans has a variable APR that ranges from 3.74% up to 9.7%.

It offers a fixed APR that ranges from 5.3% up to 9.82%.

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 CommonBond Private Student Loans?

Available loan amounts may vary by applicant but CommonBond Private Student Loans has a minimum loan amount of $5K and offers loans up to $500K.

Does CommonBond Private Student Loans charge an origination fee?

Yes, CommonBond Private Student Loans charges a loan origination fee of 2% of the loan amount. CommonBond Private Student Loans 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..

Does CommonBond Private Student Loans charge prepayment fees?

No, CommonBond Private Student Loans 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 CommonBond Private Student Loans offer?

CommonBond Private Student Loans provides repayment terms ranging from 5 to 15 years.

CommonBond Private Student Loans 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 Private Student Loans consider?

CommonBond Private Student Loans considers loans applications from:

  • undergraduate students
  • graduate students
  • parents of students

What do you need to qualify for CommonBond Private Student Loans?

Applicants with a credit score of at least 660 and up to 850 are eligible for CommonBond Private Student Loans.

CommonBond Private Student Loans does not have or does not disclose a minimum annual income eligibility requirement. CommonBond Private Student Loans only considers borrowers who are employed. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.

Only U.S. citizens and permanent residents can apply for a loan.

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

  • Proof of income
  • Proof of citizenship or residence permit
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Contact

  • Headquarters
  •   524 Broadway, 6th Floor
    New York, NY 10012
  •   Visit Site

Other Services by CommonBond

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 45 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Missouri
  • Montana
  • Nebraska
  • 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
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

No Interest Grace Period for Late Payment 6
No Prepayment Fee  
Late Fee Amount $10
Origination Fee 2%
Cosigner Optional  
Credit Score Range 660 - 850
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Verification Documents Required
  • Proof of Income
  • Proof of citizenship/residence (Green Card)
Funding Time Range (in days) 7 - 14
Unemployment Protection  
Variable APR 3.74% - 9.7%
Loan Amount $5K - $500K
Loan Term 5 - 15 years
Fixed APR 5.3% - 9.82%
Up to Cost of Attendance  

CommonBond Private Student Loans Community Reviews

 
 

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