Is CommonBond a good lender?
Is CommonBond a good lender?
NerdWallet rates CommonBond as a five-star lender for student loan refinancing based on more than 50 data points. CommonBond is good for customers who value repayment flexibility and customer support.
What kind of company is CommonBond?
financial technology company
About CommonBond CommonBond is a financial technology company on a mission to give students and graduates more affordable, transparent, and simple ways to pay for higher education.
Can I refinance my student loan?
Can I refinance my student loans more than once? You can refinance student loans as often as you’d like. If you’ve already refinanced and your credit has recently improved, consider refinancing again to lock in a lower rate. There are no application or origination fees, so refinancing won’t cost you anything.
Is LendKey legitimate?
Is LendKey legit? LendKey was founded in 2009 and is a marketplace that connects borrowers with private student loans and refinanced student loans from established credit unions and community banks. LendKey doesn’t penalize borrowers for paying off their loans early.
Does CommonBond have fees?
Are there any fees or penalties? There are no origination fees or prepayment penalties for refinancing! CommonBond does charge a late payment fee of 5.00% of the unpaid amount of the payment due or $10.00, whichever is less, and a return check fee of $5.00, subject to state law restrictions.
Is Sallie Mae trustworthy?
Is Sallie Mae legit? Sallie Mae is a highly recognized name in the private student loan industry. With multiple programs, including ones for part-time students, and its 95% approval rate for students who use a cosigner, many students should be able to find a solution that works for them through Sallie Mae.
Is CommonBond a federal loan?
CommonBond refinances federal, private, Parent PLUS, and previously consolidated loans with no application, origination or prepayment fees. You can refinance up to $500,000 with repayment terms of five to 20 years. Rates are currently: Variable: 2.49% to 6.84%
Is CommonBond a private company?
CommonBond is a marketplace lender that refinances graduate and undergraduate student loans for university graduates. CommonBond also provides in-school loans to MBA students at 20 programs in the United States. The company launched nationally in September 2013….CommonBond.
Can student loans be forgiven after refinance?
If you refinance your federal student loans into private ones, you’ll no longer be eligible for any future loan relief by the federal government. Refinancing eliminates other forgiveness options.
Does refinancing loans hurt credit?
Overall, refinancing personal loans may lead to a minor drop in your credit scores due to the hard inquiries from the applications and opening of a new credit account. Over time, your scores may recover and then increase if you continually make on-time payments on your new loan.
What is LendKey?
LendKey enables lenders like banks and credit unions to offer low-rate loans online. These lenders have the advantage of our digital platform automating much of the loan process, allowing them to pass the savings along to you.
Does LendKey have an app?
It is available for Android and iOS operating systems.
Is CommonBond a good lender? NerdWallet rates CommonBond as a five-star lender for student loan refinancing based on more than 50 data points. CommonBond is good for customers who value repayment flexibility and customer support. What kind of company is CommonBond? financial technology company About CommonBond CommonBond is a financial technology company on a mission…