Student Refinance Loans | DCU

Rates are efficient {currentdate}.

Important: Please do not forget that federal loans do provide sure advantages and protections that don’t switch to a personal loan. By refinancing your federal student loans to a personal loan, you’ll lose any federal advantages which will apply to you. Please overview this vital disclosure for extra data.

¹APR = Annual Percentage Rate is variable, topic to extend after consummation, and could also be adjusted quarterly primarily based on the Index. Any enhance within the Index might enhance the APR and will enhance the quantity of your month-to-month fee. Rates proven embody a 0.25% low cost for non-obligatory enrollment in automated digital funds.

²The “Index” for the quarter starting October 1, 2020 is 3.25%, which was the Prime index printed within the Wall Street Journal on the primary enterprise day of September 2020. The rate of interest is not going to exceed 18.00% whatever the Index.

³Margin can be disclosed upon approval. This Margin is added to the Index to find out the calculated rate of interest.

⁴Current supplied charges are calculated utilizing the Index, Margin, and Floor values in impact. Your particular Interest Rate, Margin, Floor, and/or credit approval will depend on the student borrower’s and co-borrower’s (if relevant) credit qualification. Applicants might apply with a creditworthy U.S. co-borrower which can lead to a greater likelihood of approval and/or decrease rate of interest.

All loans are topic to approval and restrictions might apply.

Repayment examples: Examples supplied use highest present supplied charge in impact for every reimbursement time period and assume a continuing rate of interest on a $50,000 loan quantity. 

  • 5-year loan time period: with a 7.50% APR, the month-to-month fee can be $1,001.90. Finance fees can be $10,113.85.    
  • 10-year loan time period: with an 8.00% APR, the month-to-month fee can be $606.64. Finance fees can be $22,796.56.
  • 15-year loan time period: with an 8.50% APR, the month-to-month fee can be $492.37. Finance fees can be $38,626.56. 
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