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Starting at 1.24% with autopay
APR
Varies by lender (typically, total certified costs of education minus financial aid already received)
Max. Loan Amount
Good to excellent credit
Min. Credit Score
Product Name | Credible Labs Inc. (Student Loan Platform) |
---|---|
Minimum Loan Amount | $1,000 |
Max. Loan Amount | Varies by lender (typically, total certified costs of education minus financial aid already received) |
APR | Starting at 1.24% with autopay |
Interest Rate Type | Variable |
Minimum Loan Term | 5 years |
Maximum Loan Term | 20 years |
Requirements | Enrolled at least half time in qualifying US educational program, ages 18+ or apply with cosigner |
Review by
Aliyyah Camp is a writer and personal finance blogger who helps readers compare personal, student, car and business loans. Aliyyah earned a BA in communication from the University of Pennsylvania and is based in New York, where she enjoys movies and running outdoors.
Credible is a great service to consider if you want to shop around for the best rate by filling out just one online form. Instead of spending hours filling out multiple prequalification forms, you can compare offers from nine different lenders at once.
However, Credible doesn’t partner with every single student loan provider out there. This means you might be able to find lower rates or better terms elsewhere.
Check out our list of other lenders to compare even more options.
Before you dive in and find out your rates, make sure you match the basic requirements. You’ll need to:
While Credible doesn’t have any credit requirements itself, its partner lenders might. You typically have a better time qualifying on your own if you have a credit score above 600 and enough income to support your repayments. Otherwise, consider applying with a cosigner.
You’ll use just one form and pay no fee to prequalify with a variety of student loan providers that offer both fixed- and variable-rate options. When you use the service, you’re not actually borrowing from Credible, but instead getting potential offers from its network of partner lenders.
Rates and terms will vary depending on the lender you’re matched with. And repayment plans may include: full deferral, interest-only payments, flat in-school payments and full payments.
Loans for college, graduate and professional degree programs are available through Credible. They’re unsecured and available as long as you’re enrolled at least half time in a qualified US educational program. Anyone under the age of 18 must apply with a cosigner.
Pros
Cons
Once you’re ready to go, just follow these five steps to get your rates:
You’ve received offers and found one that’s a good fit. The approved funds will be sent directly to the school.
Depending on which lender and loan you signed up for, you could choose from multiple repayment options, including:
Some loans may come with discounts for setting up automatic payments. It’s a great way to avoid late payment fees, so long as the funds are in your account on the due date.
Read our guide to student loans to compare other providers and find the best offer for you.