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Starting at 1.9%
APR
$300,000
Max. Loan Amount
No minimum credit score
Min. Credit Score
Product Name | Supermoney student loan refinancing |
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Minimum Loan Amount | $5,000 |
Max. Loan Amount | $300,000 |
APR | Starting at 1.9% |
Interest Rate Type | Fixed |
Minimum Loan Term | 5 years |
Maximum Loan Term | 20 years |
Requirements | Valid Social Security number, verifiable income, completed degree from a US school |
Review by
Kathryn Pomroy was a writer for Finder, specializing in loans. She has written for dozens of major publications, small businesses and many well-known personal finance companies, including LendingTree, Money Crashers, Quickbooks/Intuit, BankRate, LendEDU and more. Kathryn holds a BA in Journalism and drinks super bold coffee while eating peanut butter and honey toast.
SuperMoney connects borrowers from a variety of credit backgrounds with top student loan refinancing providers in all 50 states. Although you can see what options you may qualify for by filling out only one form, you’ll be asked to provide your personal data for verification purposes — including your Social Security number. And doing so doesn’t guarantee you’ll be approved.
But your credit score won’t be impacted by filling out the application. You won’t face a hard credit pull until you’re redirected to the lender’s website and complete an application. And borrowers may refinance federal student loans, private student loans or a combination of both.
SuperMoney works with a wide variety of lenders, so you’ll only need to meet a few requirements to be eligible:
SuperMoney has lending partners that work with borrowers in all 50 states.
SuperMoney isn’t a direct lender, and it doesn’t charge a fee to find multiple providers that offer student loan refinancing. However, individual lenders may charge fees. APRs start at 1.9% and rates can be variable or fixed with terms ranging from five to 20 years.
No, though the lender you’re matched with might. Many refinancing providers offer a discount off your interest rate for signing up for automatic payments.
SuperMoney doesn’t provide repayment options on its website, as it’s not a direct lender. Each of its lending partners may have different repayment terms. In general, repayment terms range from five to 20 years. A longer term means you pay less each month, but there’s more time for interest to add up — making the loan more expensive in the long run.
SuperMoney works with a variety of lenders that offer a range of fixed and variable loan amounts, repayment terms and APRs. SuperMoney looks at the income and credit score you provide and filters through its network of lenders to find the best student loan refinance deals for your needs. Some lending partners may offer deferment or forbearance, while others may not. Keep in mind that while you can refinance both private and federal student loans, the end result will be a private loan.
SuperMoney has several benefits worth exploring.
Although there are several benefits to working with SuperMoney, there are also drawbacks to consider.
BBB accredited | |
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BBB rating | Not rated |
BBB customer reviews | |
Trustpilot Score | 4.8 out of 5 stars, based on 111 customer reviews |
Customer reviews verified as of | 16 October 2020 |
If you’re ready to compare your student loan refinancing options, follow these steps. It only takes a few minutes.
If any offers appeal to you, SuperMoney will direct you to the lender’s website to complete your application.
You don’t need any specific documentation to fill out the prequalification form. However, you will likely need some or all of the following information when you fill out the full application with the refinancing lender you’re matched with.
Based on the information you submit on the prequalification form, SuperMoney matches you with various lending partners you may be able to refinance your student loans with. If you choose to work with one of its lending partners, that lender will then determine who your loan servicer is.
Bear in mind the lenders you’re matched with are under no obligation to follow through with your student loan refinancing — and the estimated APR, terms and other features are not guaranteed.
Rather not use a student loan refinancing connection service? Compare other options with our student loan refinancing guide.