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  U-fi

U-fi

in Private Student Loans from U-fi

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U-fi

Unaffiliated

in Private Student Loans from U-fi

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Highlights
Highlights
Fixed APR 5.09% - 12.58%
Variable APR 3.12% - 10.84%
Loan Amount Starting at $1,000

U-fi Review

U-fi is a private student loan offering by U-fi, a marketplace lender based in Lincoln, NE. Founded in 2015, U-fi offers student loans in 49 states (and Washington, DC).

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

U-fi has a variable APR that ranges from 3.12% up to 10.84%.

It offers a fixed APR that ranges from 5.09% up to 12.58%.

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 U-fi?

Available loan amounts may vary by applicant but U-fi has a minimum loan amount of $1,000

Does U-fi charge an origination fee?

No, U-fi 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 U-fi charge prepayment fees?

No, U-fi 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 U-fi offer?

U-fi provides repayment terms ranging from 5 to 25 years.

What type of borrowers will U-fi consider?

U-fi considers loans applications from:

  • undergraduate students
  • graduate students
  • parents of students

What do you need to qualify for a loan with U-fi?

Applicants with a credit score of at least 650 can apply for a loan via U-fi.

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

U-fi only considers borrowers who are employed.

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

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

  • Driver's license
  • Proof of citizenship or residence permit
  • Proof of income
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    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 49 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
    • Virginia
    • Washington
    • West Virginia
    • Wisconsin
    • Wyoming

    Feature Breakdown

    Grace Period for Late Payment (Days) 6
    No Origination Fee  
    No Prepayment Fee  
    Cosigner Optional  
    Credit Score Range 650 - 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 Residence
    • References
    • Driver License (or other photo ID)
    • Proof of citizenship/residence (Green Card)
    Funding Time Range (in days) 7 - 14
    Good Student Rewards  
    Variable APR 3.12% - 10.84%
    Loan Amount Starting at $1K
    Loan Term (Years) 5 - 25
    Fixed APR 5.09% - 12.58%
    Up to Cost of Attendance  

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