CommonBond is renowned for education loan refinancing, but inaddition it provides a number of personal education loan choices. For almost any loan applied for, it funds the training of a young child in a developing nation.
Loan possibilities:
- Undergraduate loan
- Graduate loan
- MBA loan
- Dental loan
- Healthcare loan
Personal education loan interest levels and payment terms
| CommonBond personal figuratively speaking | adjustable APR | Fixed APR | RepaymentTerm |
|---|---|---|---|
| Undergrad | 3.31 – 9.29per cent | 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 – 6.39% | 5.56 – 6.76% | 10, 15 or twenty years |
CommonBond’s undergraduate private student education loans do not have origination charge; but, its MBA, medical and dental loans have actually a 2% origination charge. Also, there aren’t any application costs or prepayment charges.
CommonBond procedure
If you wish to make an application for undergraduate loans with CommonBond, you are able to do it online. You’ll need a cosigner. Throughout the application procedure, you’ll submit your data and additionally get your credit examined included in the approval procedure. When authorized, the funds is likely to be delivered to 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 repayment choices:
- Comprehensive payment per month, in which you make complete re re payments whilst in college.
- Fixed monthly repayment of $25, in which you spend $25 whilst in college.
- Interest-only re payment, where you make re re payments just regarding the interest.
- Deferment, where you could postpone re re payments until graduation.
You may also start using a grace that is six-month or forbearance, allowing you to definitely postpone your instalments.
Graduate loans
You’ll apply for graduate student education loans with CommonBond on the web in a minutes that are few. You’ll add a cosigner, and CommonBond will contact the aid that is financial at your college to verify your enrollment. You’ll submit some paperwork, along with your credit shall be examined. Whenever authorized, funds will undoubtedly be delivered to your college.
Your payment choices consist of:
- Full payment that is monthly where you make complete payments whilst in college.
- Fixed monthly repayment of $25, where you spend $25 whilst in college.
- Interest-only re payment, for which you make re payments just regarding the interest.
- Deferment, where you are able to postpone re re payments until graduation.
There are not any https://speedyloan.net/installment-loans-il prepayment charges, and you will additionally postpone your instalments for approximately year. After making 2 yrs of on-time re re 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 significantly better price than federal figuratively speaking. If element of a qualified system, you won’t need to use having a cosigner. In addition, there are not any prepayment charges, and in case required, you are able to postpone your instalments for year.
Dental loans
CommonBond n ow offers a loan that is dental it is possible to submit an application for on the web in a brief period of the time. You’ll submit some documents, along with your credit will be examined.
Whenever authorized, funds is provided for your college. There’s no cosigner needed, either. The mortgage offers resident deferral, in order to defer your loans during residency along with a six-month elegance duration. You may also postpone your instalments for year, if required.
Your payment choices consist of:
- Complete payment, in which you make complete re re payments whilst in college.
- Fixed monthly repayment of $25, where you spend $25 whilst in college.
- Interest-only re re payment, in which you make re re payments just from the interest.
- Deferment, where you could postpone payments until graduation.
Health loans
The latest CommonBond medical loan will help if you want to fund medical college. You are able to apply online by submitting some papers and having your credit examined. This loan choice has versatile payment choices, therefore if you’re in a residency system, you could make repayments only $100.
The good thing is there’s no cosigner required, and you can postpone your loans for 12 months if you need to.
3. College Ave
Another loan provider in the student that is private scene is university Ave. You can examine its prices to see if you’re able to qualify in just a couple of minutes. The business provides student loans for almost everybody else, which range from undergraduates to graduates to moms and dads.
Loan options available:
- Undergraduate loan
- Graduate loan
- Dental loan
- MBA loan
- Medical college loan
- Legislation college loan
- Parent loan
- Profession loan
