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).
WeFinance offers fixed rate APRs that range from 0% to 20% APR.
WeFinance requires borrowers to have a balance of at least $500 to process an in-school private student loan application.
No, WeFinance does not charge a loan origination fee.
A loan origination fee is what some student loan providers charge for underwriting, processing, or funding a loan. Lenders can charge borrowers 0.5% to 5% of the loan amount. In most cases, it is best to choose a lender that does not charge an origination fee, such as WeFinance.
Yes, WeFinance charges additional fees to borrowers who pay off their loans soon than anticipated. Take this into consideration when choosing a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a loan early.
WeFinance provides loans of 1 to 3 years.
WeFinance considers loans applications from: