Rates can change several times a day, so we make sure you have the latest. We updated them at 10:04 PM EST on October 10. Interest rates and APRs are for informational purposes and do not include all applicable fees. Your actual rates, payments, and costs may differ.
ELFI is a division of SouthEast Bank, based in Tennessee, designed specifically to help borrowers with refinancing their student loans. Refinancing with ELFI is a great option for borrowers that value customer service. One of the highlights is that ELFI gives you access to your own Student Loan Advisor to help you through the process.
Prequalify to estimate your rate without affecting your credit score
Submit online application in minutes
No application fees, origination fees, or prepayment penalties
Low rates and flexible repayment terms to your needs and goals
Student Loan Advisor to guide you through the application process
ELFI is a nationwide student loan debt consolidation and refinance program offered by Tennessee-based SouthEast Bank. ELFI is designed to assist borrowers through consolidating and refinancing loans into one single loan that effectively lowers your cost of education debt and/or makes repayment very simple. Subject to credit approval. See Terms & Conditions. The interest rate and monthly payment for a variable rate loan may increase after closing, but will never exceed 9.95% APR. Interest rates may be different from the rates shown above and will be based on the term of your loan, your financial history, and other factors, including your cosigner’s (if any) financial history. For example, a 10-year loan with a fixed rate of 6% would have 120 payments of $11.10 per $1,000 borrowed. Rates are subject to change.
Earnest offers rates that are among the lowest in the industry, and they are known for offering incredibly flexible repayment terms, plus added protections and top-notch customer service. Earnest also gets extra points for offering lifetime loan servicing, meaning your loans won’t be re-sold to a third party.
As a newer lender in the market, Earnest offers flexible underwriting that is based on a number of factors not generally included in a traditional credit check.
5.74%* starting interest rates on variable loans
3.99%* starting interest rates on fixed loans
Save money on your student loans by refinancing with Earnest
Extremely flexible loan terms allow you to pick your payment and repay anywhere from 5 to 20 years
Consolidate federal or private loans
Non-traditional credit check considers a broader range of factors
Lifetime loan servicing (no third parties)
12 months of unemployment protection (3 months at a time)
Ability to skip a payment every 12 months, after 6 months of payments
Minimum $5,000 balance to refinance
No origination, prepayment, or other hidden fees
Actual rate and available repayment terms will vary based on your income.
Fixed rates range from 4.24 % APR to 9.99 % APR (excludes 0.25% Auto Pay discount).
Variable rates range from 5.99 % APR to 9.99 % APR (excludes 0.25% Auto Pay discount). Earnest variable interest rate student loan refinance loans are based on a publicly available index, the 30-day Average Secured Overnight Financing Rate (SOFR) published by the Federal Reserve Bank of New York. The variable rate is based on the rate published on the 25th day, or the next business day, of the preceding calendar month, rounded to the nearest hundredth of a percent. The rate will not increase more than once per month. The maximum rate for your loan is 8.95% if your loan term is 10 years or less. For loan terms of more than 10 years to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95%. Please note, we are not able to offer variable rate loans in AK, IL, MN, NH, OH, TN, and TX. Our lowest rates are only available for our most credit qualified borrowers and contain our .25% auto pay discount from a checking or savings account.
Earnest Loans are made by Earnest Operations LLC or One American Bank, Member FDIC. or FinWise Bank, Member FDIC. Earnest Operations LLC, NMLS #1204917. 535 Mission St., Suite 1663, San Francisco, CA 94105. California Financing Law License 6054788. Visit www.earnest.com/licenses for a full list of licensed states. For California residents: Loans will be arranged or made pursuant to a California Financing Law License. One American Bank, 515 S. Minnesota Ave, Sioux Falls, SD 57104. FinWise Bank, 756 East Winchester, Suite 100, Murray, UT 84107.
Earnest loans are serviced by Earnest Operations LLC with support from Navient Solutions LLC (NMLS #212430). One American Bank, FinWise Bank, and Earnest LLC and its subsidiaries, including Earnest Operations LLC, are not sponsored by agencies of the United States of America.
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LendKey offers a network of not-for-profit local and regional credit unions and community banks for students looking to refinance their student loans. They act as a marketplace, allowing borrowers to get pre-qualified rates from multiple local and regional lenders and then choose the best fit.
Once your loan is approved and processed by the credit union of your choice, LendKey does act as your loan servicer–and they stick with your loan for life, rather than selling it off to a third-party. They also offer some of the lowest rates in the industry.
4.89%* starting interest rates on fixed loans
Choose from fixed and variable rates in 5, 7, 10, 15, 20 year terms
275+ not-for-profit and community lenders to choose from mean higher chances for approval and lower rates
Available for private and federal, undergraduate and grad school student loans
0.25% Interest Rate Reduction with automatic payments
Interest only repayment option available for up to first four years of repayment
Largest unemployment protection period in the market at 18 months
No origination fees or prepayment penalties
Cosigner release available after 12 monthly payments
No handoffs ever, you stay with LendKey from application to final payment
97% borrower satisfaction shows our best in class customer service
Rates, Terms, and Conditions Disclosure: The following rates are estimates and do not constitute an offer of credit. The lenders on the RaptorFi platform offer student loan refinance fixed rates ranging from 3.99% - 10.98% (3.99% - 10.98% APR). Student loan refinance variable interest rates offered by the lenders on RaptorFi range from 4.86% - 12.39% (4.86% - 12.39% APR). Variable rates will fluctuate over the term of the borrower's loan.
The maximum variable rate on a student loan refinance loan is the greater of 21.00% or Prime Rate plus 9.00% or limitations specific to the lender financing the loan. Rates are subject to change at any time without notice. Your actual rate may be different from the rates advertised and/or shown to you when checking your personalized rates and will be based on factors such as the term of your loan, your actual credit score, financial history (including your cosigner’s (if any) financial history, actual credit score, and credit report), lenders specific underwriting criteria and other items found on your credit report. Rates are shown with all applicable discounts offered by the lender, such as rate reductions for automatic payments.
Each lender’s terms and conditions will vary, so it is important to read each lender’s disclosures. Additionally, lenders may have loan minimum and maximum requirements, degree requirements, educational institution requirements, citizenship, and residency requirements as well as other lender-specific requirements they use when determining if they will refinance your current student loans or a portion of them.
