CommonBond is famous for education loan refinancing, but it also provides many different personal education loan choices. For each and every loan removed, it funds the training of a young child in a country that is developing.
Loan possibilities:
- Undergraduate loan
- Graduate loan
- MBA loan
- Dental loan
- Health loan
Personal education loan interest levels and payment terms
| CommonBond student that is private | adjustable APR | Fixed APR | RepaymentTerm |
|---|---|---|---|
| Undergrad | 3.31 – 9.29% | 5.45 – 9.74% | 5, 10 or fifteen years |
| Grad | 3.21 – 9.29per cent | 5.40 – 9.74% | 5, 10 or fifteen years |
| MBA | 5.00 – 6.71per cent | 5.37 – 7.20per cent | 10 or fifteen years |
| Dental | 4.98 – 6.62% | 5.33 – 6.98% | 10, 15 or twenty years |
| Medical | 5.21 – 6.39per cent | 5.56 – 6.76% | 10, 15 or two decades |
CommonBond’s undergraduate private student education loans do not have origination cost; nevertheless, its MBA, medical and dental loans have actually a 2% origination charge. Also, there aren’t any application costs or prepayment costs.
CommonBond procedure
You can do it online if you want to apply for undergraduate loans with CommonBond. You’ll need a cosigner. Through the application procedure, online installment loans hi you’ll submit your data and get your credit also examined included in the approval procedure. When authorized, the funds will soon be provided for your college.
You’ll have admission to a cash mentor that will help you with things such as cost management, too. Whenever you have your loan, you’ll have actually four payment choices:
- Complete payment, for which you make full re payments whilst in college.
- Fixed monthly repayment of $25, for which you pay $25 whilst in college.
- Interest-only re re payment, where you make re re payments just regarding the interest.
- Deferment, where you could postpone payments until graduation.
You’ll be able to use a grace that is six-month or forbearance, that allows one to postpone your repayments.
Graduate loans
You are able to apply for graduate figuratively speaking with CommonBond on line in a couple of minutes. You’ll put in a cosigner, and CommonBond will contact the educational funding workplace at your college to ensure your enrollment. You’ll submit some documents, along with your credit will be examined. Whenever authorized, funds are going to be provided for your college.
Your payment choices consist of:
- Complete payment per month, where you make complete re re re payments whilst in college.
- Fixed payment that is monthly of25, where you spend $25 whilst in college.
- Interest-only re payment, for which you make payments just in the interest.
- Deferment, where you could postpone re re payments until graduation.
There are not any prepayment charges, and you will additionally postpone your repayments for up to year. After making 2 yrs of on-time re payments, you may qualify for cosigner launch.
MBA loans
It is possible to submit an application for a CommonBond MBA loan, which may provide a much better price than federal figuratively speaking. If section of a program that is eligible you won’t need certainly to use by having a cosigner. In addition, there aren’t any prepayment charges, and when required, you are able to postpone your repayments for year.
Dental loans
CommonBond n ow offers a dental loan that you can easily submit an application for on line in a short span of the time. You’ll submit some documents, along with your credit shall be examined.
Whenever authorized, funds will undoubtedly be delivered to your college. There’s no cosigner needed, either. The loan provides resident deferral, to help you defer your loans during residency along with a six-month elegance duration. You may postpone your repayments for year, if required.
Your payment choices consist of:
- Complete payment that is monthly where you make complete re payments whilst in college.
- Fixed payment that is monthly of25, in which you spend $25 whilst in college.
- Interest-only re payment, in which you make re re payments just in the interest.
- Deferment, where you could postpone payments until graduation.
Healthcare loans
The newest CommonBond medical loan might help if you want to fund school that is medical. You can easily apply online by submitting some papers and having your credit examined. This loan choice has versatile payment choices, so if you’re in a residency system, you could make repayments as little as $100.
The good thing is there’s no cosigner required, and you can postpone your loans for 12 months if you need to.
3. University Ave
Another loan provider regarding the personal figuratively speaking scene is university Ave. You should check its prices to see if you’re able to qualify in just a short while. The organization provides student education loans for almost everyone else, including undergraduates to graduates to moms and dads.
Loan options available:
- Undergraduate loan
- Graduate loan
- Dental loan
- MBA loan
- Medical college loan
- Law college loan
- Parent loan
- Job loan