Earnest combines technology with financial backing from Navient to offer better customer service and good rates.
Earnest is rightfully called one of the most flexible student loan refinancing companies, and for a good reason. Just some of the features you’ll love if you refinance your student loans with them are: (1) flexible payments; (2) online management; (3) payment preference customization; (4) deferment and forbearance options, and (5) variable rates.
Flexible payment. Earnest knows what it’s like to be an adult in the States. You’re struggling with debt, but once you find work, you want to get rid of those student loans fast. Usually, you’d have to renegotiate payments and terms with your refinancing company. However, Earnest lets you to modify your payment amount in just a few clicks. Oh, and don’t worry: they don’t charge late fees.
Online management. You can keep an eye on your student loan refinancing with Earnest’s mobile app, set up automatic payments, adjust your payment date, or make early/extra payments without prepayment penalties. You can also set automatic payments for the instalments so you don’t have to mark anything on your calendar. You’ll get a 0.25% interest rate discount for setting it up.
Payment preference customization. Want to skip a payment and make up for it later? It’s absolutely possible with Earnest! Additionally, they also offer flexible repayment terms. If you think a 7 year and 2 months loan is the best option for your budget, they’ll be happy to make it possible. So if you’re a lender with a history of financial responsibility, an Earnest loan may just be a great choice! Even if you have limited credit history, they can look at your earning potential, education and savings patterns.
Deferment and forbearance. We know: stuff happens. And when it does, you don’t want to worry about the future of your student loan refi. You just want to get back on track. Earnest has full understanding of that, which is why they offer academic and military forbearance, as well as forbearance in 3-month periods.
Fixed and variable rates. Earnest service their refinancing in-house, which means that they can look at your credit based on more factors than regular institutions. They take your savings, education and earning potential into account, which is a significant factor for lawyers.
- Interest Rates: 2.14%+
- Bonus Cashback: $500
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