Where does WeFinance do business?

WeFinance is a student loans lender based in San Francisco, CA. It was founded in 2014 and offers student loans in 50 states (and Washington, DC).

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

WeFinance offers fixed rate APRs that range from 0% to 20% APR.

What is the minimum loan amount?

WeFinance has a minimum loan amount of $500.

Does WeFinance charge an origination fee?

No, WeFinance 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 WeFinance charge prepayment fees?

Yes, WeFinance 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 WeFinance offer?

WeFinance provides loans of 1 to 3 years.

What type of borrowers will WeFinance consider?

WeFinance considers loans applications from:

  • undergraduate students
  • graduate students
  • parents of students


  • Loan Term (Years)
    1 - 3
  • Min Loan
  • Undergraduate Students
  • Graduate Students
  • Parents of Dependent
  • Late Fee After (number of days)
  • Late Fee Amount
  • No Origination Fee
  • Student Loan Type
  • Funding Time Range (in days)
    7 - 14
  • Fixed APR
    Up to 20%
"WeFinance is a platform that helps organize and operate loans between individuals. It is not a lending service or a licensed lender . . . ."
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