iHELP Private Student Loan Review

iHELP Private Student Loan is offered by iHELP, a financial services company founded in 1978 and based in Aberdeen, SD. iHELP Private Student Loan is available in 50 states (and Washington, DC).

What rates does iHELP Private Student Loan offer for in-school private student loan?

iHELP Private Student Loan has a variable APR that ranges from 3.30% up to 7.89%.

It offers a fixed APR that ranges from 6.21% up to 9.75%.

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 iHELP Private Student Loan?

Available loan amounts may vary by applicant but iHELP Private Student Loan has a minimum loan amount of $1K and offers loans up to $150K.

Does iHELP Private Student Loan charge an origination fee?

No, iHELP Private 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 iHELP Private Student Loan charge prepayment fees?

No, iHELP Private 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 iHELP Private Student Loan offer?

iHELP Private Student Loan provides repayment terms ranging from 10 to 20 years.

What type of borrowers will iHELP Private Student Loan consider?

iHELP Private Student Loan considers loans applications from:

• undergraduate students
• graduate students

What do you need to qualify for iHELP Private Student Loan?

To qualify for private student loans with iHELP Private Student Loan, applicants need a minimum annual income of $24,000 or higher. iHELP Private Student Loan only considers borrowers who are employed and meet the minimum income requirement. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.

U.S. citizens are, of course, eligible for the services offered by iHELP Private Student Loan. Permanent resident / green card holders are also eligible to apply.