Student Loan Refinancing

CommonBond$500 Reader Bonus

Variable rates 2.55-7.10%
Fixed rates 3.14-7.25%

With CommonBond, borrowers can choose from 5, 7, 10, 15, and 20 year terms when they refinance federal and private loans. But what truly sets them apart is their social mission. For each loan they fund, they help fund the education of a child in need. Find out more…

ELFI$325 Reader Bonus

Variable rates 2.69%-6.01%
Fixed rates 3.09%-6.69%

Education Loan Finance is a great option for those with both federal and private loans. High income earners like physicians have the option to choose a shorter repayment term, however, there are also options for those looking to simply lower their monthly plan. If you have any questions along the way, they also provide Personal Loan Advisors who can provide individual assistance throughout the refinancing process. It’s also worth mentioning that as of April 18, 2018, ELFI is the first student loan refinancing lender to receive the AAA rating from both Standard & Poor’s and DBRS on its senior notes in its first securitization transaction comprised of this type of education loan product. Find out more…

Laurel Road: $300 Reader Bonus

Variable rates 2.80%—5.90%
Fixed rates 3.37%—7.02%

With Laurel Road, you can see your rate options instantly after filling out their short form – no hard credit pull required. Doctors have the option of refinancing student debt while they are in residency and before they begin practicing as attending physicians. Residents can defer making full payments on their loan up to 6 months after their residency and fellowships. Find out more…

LendKey$200 Reader Bonus

Variable rates 2.56% – 7.74%
Fixed rates 3.15% – 8.12%

What sets LendKey apart is their relationship with over 275 not-for-profit lenders that they can confidently bring to consumers, allowing you to choose the best loan option for you. They focus on working with community lenders who channel most of their loans to the neighborhoods where their depositors live and work, helping to keep local communities vibrant and growing. Find out more…

Credible: $300 Reader Bonus 

Variable rates start at 2.57%
Fixed rates start at 3.35%

Credible is unique in that when you apply through their simple form, you can actually compare refinancing rates from up to 11 different lenders. They have great options for both doctors and residents, and with their easy to use online tools, you can get actual rates based on your credit profile, rather than estimates. Find out more…

Splash Financial!: $500 Reader Bonus 

Fixed rates 3.50% – 5.44%

Although they have recently expanded their services to include everyone, Splash Financial is one of the few student loan refinancers with a focus and passion for helping physicians, residents, and fellows. During residency, their monthly payment requirement is just $1. Their new lowered rates start at 3.50% and they offer terms of 5, 8, 12 or 15 years, making this one of the most competitive refi offers on the market. Find out more…

Earnest: $200 Reader Bonus

Variable rates 2.57% – 5.87%
Fixed rates 3.25% – 6.32%

With Earnest, you can customize your exact monthly payment to fit your budget. Additionally, they match your custom term with a custom interest rate — saving you even more money when refinancing. Find out more…

First Republic: $200 Reader Bonus

Fixed Rates: 1.95% – 3.95%

First Republic has some of the lowest fixed rates out there, and if you pay off your loans in full within 4 years, they’ll even give you back the interest paid against your loan, up to 2.00% of the original loan balance. Unfortunately they’re not available nationwide though, so be sure to check out their locations to see if you can take advantage. Find out more…

*In order to get the First Republic PIMD reader bonus, email contact@passiveincomemd.com with the words “First Republic Referral” in the subject line for a direct referral or contact Kerry Berchtold at 339-235-0419 or kberchtold@firstrepublic.com and let her know you were referred by PIMD.