Elfi Student Loan Refinance

While there are other options for student loan refinancing through multiple lender elfi provides numerous benefits that set elfi apart from its competitors such as loan consolidation bonus payments and parent plus loans.

Elfi student loan refinance. Minimum variable rate will. Student loan application requirements. You can call. Options are available in all 50 states to refinance private and federal student loans including undergraduate graduate parent and mba loans as well as loans for law dental and medical school.

With any change to the libor rate variable rate loans will re amortize and a repayment schedule will be provided that will include your new monthly payment amount interest rate margin plus libor and the effective date of your new monthly payment amount. To refinance student loans with elfi you must have at least 15 000 in student loan debt. Think carefully before taking out a loan with education loan finance the education loan refinance program offered by southeast bank to pay off your federal loans. Elfi is monitoring the coronavirus covid 19 outbreak and following guidance from state and federal agencies.

If you refinance your federal loans through education loan finance you will not be able to select income contingent repayment or other flexible payment plans that are available to federal student loan borrowers. Elfi is a good student loan refinancing option if you value customer support. Education loan finance elfi has long offered personal loan advisors for its student loan refinancing customers. This is a reduction from the prior rate of 1 45 effective april 1 2020 june 30 2020.

If you re a student or parent comparing borrowing options consider the full context of elfi s loans which we ll delve into below. So if your monthly student loan payments are crippling your budget and wallet elfi student loan refinancing can help. For variable rate student loans the rate will never exceed 9 00 for 5 year and 8 year loans and 10 00 for 12 and 15 years loans the maximum allowable for this loan. Elfi pairs customers with a dedicated highly trained personal loan advisor.

You already have a low rate and are satisfied with your monthly payments do your research to make sure your low rate is truly as low as it can be. Although elfi is one of the newer options for student loan refinancing southeast bank s holding company education loan finance inc. Elfi is a division of tennessee based southeast bank. Now it s making them a key feature of its private student loan offering launched in august 2019.

If you have been impacted by the coronavirus our customer care center is available to help you. Has been around for much longer.