6 Student Loan Refinance Sites Like SoFi

SoFi stands for Social Finance, Inc. It is an online personal finance company that provides student loans and mortgages. It is also well known for refinancing student loans. The company is one of the few lenders that handle both federal and private loan consolidation.

Checking your student loan refinance rates is as easy as can be. Just follow a quick pre-approval process that will let you know if you qualify before filing a complete application. If you do, you can then you select your loan by comparing plans, payments, and terms. The rates will be shown to you here so you can decide which would suit you better. The final step is to upload some required documents and sign the paperwork electronically in case you want to go ahead with the school loan refinance.

As you can imagine, the best way to refinance student loans is by visiting several websites and comparing the different student loan refinance rates, terms, and conditions. These are some good options to check out.

LendKey

LendKey

Official Site

Refinancing student loans through unions and community banks which believe that people are more important than profits sounds like a good idea, doesn’t it? LendKey helps you do that. You can lower your current payments by reducing your interest rate.  Private and federal loans can be consolidated into one, which could allow you to save some money over the lifetime of your loan. Some of the refinancing options will also let you choose between level and graduated repayment options.


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LendEdu

LendEdu

Official Site

LendEdu is one of the best online student loan refinancing options available. They not only allow you to refinance student loans, but they also allow you to get approved for private student loans and personal loans or credit cards as well. LendEdu is a one-stop shop for anything that revolves around student credit including loans, credit cards and refinancing. Their easy to use platform and their amazing support team place them among the best in the industry.


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Earnest

Earnest

Official Site

Searching for the best way to refinance student loans usually depends on finding the best student loan refinance rates. Earnest has a unique feature they call “Precision Pricing.” You pick the monthly payment that fits your budget, deciding how much you can afford to pay. The site then calculates the term and rate that matches it. This unlocks options that are not available at other lenders and can offer you even better savings.


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Purefy

Purefy

Official Site

Purefy has partnered with the PenFed Credit Union to offer better student loan refinance rates and a wider selection of maturities. It is a great site for refinancing student loans, both federal and private ones. There are no fees or prepayment penalties and filling an application will take you less than 15 minutes.  If you need parent loan refinancing, it is also available.


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DRB

DRB

Official Site

Darien Rowayton Bank claims to offer interest rates that are lower than other national brands, which is great when refinancing student loans. You can refinance up to 100% of your outstanding federal and private loans, with no origination fees. There is the option to select a fixed rate or a variable one with a rate cap, and terms can start at five years and go up to 20. Their unemployment assistance is a great feature included in the loans, especially useful during these uncertain economic times.


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DCU

DCU

Official Site

Another option for refinancing student loans is to use a credit union. At DCU you can apply for a school loan refinance service and get up to $100,000, so you need to review your current loan to make sure this amount is enough. You can apply without being a member of the credit union, but if you want to accept the loan, you’ll need become one.

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