Listed below are certain requirements that need to be met so you can qualify for refinancing your education loan having CommonBond:
Its crossbreed rate choice was suitable for you if you commonly entirely specific regarding the ability to pay back your own financing in 5 years. Regardless of if a little more chance is with it, have a tendency to with this particular plan, people wind up expenses reduced every month that have a lesser appeal speed than with a good 10-year-long fixed plan
Qualification criteria
It is needed that you are either an effective U.S. citizen otherwise a permanent resident otherwise keep certainly one of any one of next visas: H1-B, J-step one, L-step 1, E-2, E-step three
Regarding 2000 Name IV universities and programs qualify to possess CommonBond. You have got to make certain that your own is approved and really should hold good bachelor’s knowledge on same
There’s absolutely no minimal earnings demands having CommonBond. But it is crucial that you understand that individuals with a decreased to help you modest-earnings often find it difficult in order to qualify for that loan. Proof of a position otherwise a letter off greeting out-of a prospective company will be questioned
Records and you may Recommendations requisite
Listed here are most of the called for data also all the info you will have to present to refinance the college loans which have CommonBond:
App processes
Earliest, a flaccid credit assessment could well be did to evaluate to have pre-approval. Doing a soft credit assessment will insignificantly apply at credit score. Following this, you’re expected to fill in your articles and present an enthusiastic electronic signature. Once your software is accepted, CommonBond commonly strategy to settle their financing into loan providers.Read More »Listed below are certain requirements that need to be met so you can qualify for refinancing your education loan having CommonBond: