I went to my local Santander Bank and asked them about their student loan rates. They said that I could get a refinancing rate of 4.28% if I
How I got a student loan refinancing rate of 4.28%
I found a company that specializes in student loan refinancing. I had already seen the website and been informed of how they operate and what their rates are, but I decided to contact them anyways. After sending them my information, my rate was reduced from 8% to 4.28%.
I found the best student loan refinancing rate through an online search. The rate was listed as 4.28% with a $2,500 minimum loan amount and no origination fees. I clicked on the offer, submitted my information and received a call back later that day with my approval.
Refinancing my debt
pros and cons
Refinancing my debt was the best option for me. I had bad credit and it would have been difficult to qualify for loans without a co-signer. My new loan will be paid off within a year with the 4.28% interest rate, which is better than what I originally had on my loans. It’s a great opportunity because when my loan is completed I’ll start saving a lot more money on interest each month too!
If you’re in the same boat as me, refinancing your student loans is a good option. However, be advised that this is not a free lunch, and there are more pros than cons to consider before making the decision. If you do decide to refinance your loan, your new rate will be calculated based on any outstanding balance you have remaining and the interest rate of your current loan(s).
How I went about refinancing
I believe that when you really want something, you’re willing to do whatever it takes to get it. In my case that meant calling every company and every loan officer I could find. The result was a rate of 4.28%, which is lower than what I initially received from the lender.
I went about refinancing my student loans by taking out a private loan for the amount I wanted to refinance and going through a company called Lending Club. Lending Club allows you to borrow from hundreds of different investors that have invested their savings in stocks, bonds or other types of investments. My interest rate was 4.28% with monthly payments of $50 and annual payments of $728.
My experience with the process
I realized that my student loan refinancing was costing me a lot of money, so I decided to look into refinancing it. I gave the process a shot and after going through all the paperwork, I was able to get my rates down by 4.28%.
I applied for a student loan refinancing after graduating from college, and I was able to get a rate of 4.28%. The process was pretty easy, but it did take me a while to find the right lender who could provide the best deal. I ended up choosing Capital One, and they approved my application in just three weeks.