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 student loan amount you can borrow?

WeFinance requires borrowers to have a balance of at least $500 to process an in-school private student loan application.

Does WeFinance charge an origination fee?

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.

Does WeFinance charge prepayment penalties?

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.

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


  • Loan Term (Years)
    1 - 3
  • Min Loan
  • Fixed APR
    Up to 20%
  • 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
"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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