Loans
No hassle, no debt: Citizens Bank Student Loan Refinance review
Refinance your student loans with Citizens Bank for enhanced financial freedom. Learn more about this option below!
Advertisement
Crush Student Debt with Citizens Bank’s Exclusive Refinancing Benefits
In this Citizens Bank student loan refinance review, we’ll uncover this outstanding financial solution’s unique features and benefits.
Apply for Citizens Bank Student Loan Refinance
Simplify your loan refinancing journey – apply for Citizens Bank Student Loan Refinance. Secure lower rates and get debt-free!
If you’re seeking a reliable financial partner to navigate the complexities of student loan debt, look no further than Citizens Bank. So keep reading and find your way out.
| APR | From 6.80% up to 12,17%, you can opt for fixed rates or variable rates; |
| Terms | 5 to 20 years; |
| Loan Amounts | minimum of $10,000 and a maximum of $750,000 – it depends on the type of student loan you’re refinancing; |
| Credit Needed | Good or Excellent; |
| Origination Fee | Citizens Bank charges no origination or initiation fee; |
| Late Fee | You must pay a 5% fee if you delay your monthly payment; |
| Early Payoff Penalty | No prepayment fee. |
Is the Citizens Bank Student Loan Refinance a good option?
The Citizens Bank Student Loan Refinance program can be a compelling option when refinancing your student loans.
Moreover, you can get better interest rates than your previous student loans, customizable repayment plans, and the potential for significant savings.
Therefore, Citizens Bank presents a viable solution for borrowers seeking to manage their student debt more efficiently.
However, whether it’s the right choice depends on various factors, including your financial goals, credit history, and the terms the bank offers.
You will be redirected to another website
You’ll receive messages for less than 1 week, with a maximum of 1 message per day. You can unsubscribe anytime by replying STOP. By submitting this form, I confirm that I am 18+ years old and agree to the Privacy Policy and Terms and Conditions. I also provide my signature, giving express consent to receive informational messages via automated emails, SMS, MMS text messages, and other forms of communication. Message frequency may vary as part of our good-faith effort to respond to your inquiry. Message and data rates may apply. Text STOP to cancel. I understand that my consent to receive communications is not a condition of purchase and that I may revoke my consent at any time.
The pros and cons of the Citizens Bank Student Loan Refinance
Let’s review the pros and cons of Citizens Bank Student Loan Refinance:
Advantages
- Streamlined Debt Management: You can simplify your monthly payments by consolidating multiple loans into one. Also, it makes managing your finances more convenient;
- Cosigner Release Option: They offer cosigner release after meeting specific criteria, allowing borrowers to release their cosigners from the responsibility of the loan over time;
- No Application Fees: Citizens Bank does not charge any application fees. Thus, the refinancing process is more accessible and cost-effective for borrowers;
- Special discounts for autopay: Finally, you can get up to 0.50% discount if you enroll on autopay to avoid missed payments.
Disadvantages
- Creditworthiness Requirement: To qualify for refinancing with Citizens Bank, you need a strong credit history and a stable financial standing, which may limit access for some borrowers;
- Loss of Federal Loan Benefits: Refinancing federal student loans with Citizens Bank means forfeiting federal benefits such as income-driven repayment plans, loan forgiveness options, and deferment or forbearance programs.
What credit score do you need to apply?
They require applicants to have a credit score in the mid-to-high 600s or above to be eligible for their student loan refinance program.
Still, this does not guarantee approval, as other factors also play a role in the decision-making process.
Moreover, a higher credit score improves the chances of securing more favorable rates and terms.
Citizens Bank Student Loan Refinance application process
Certainly, you can find many benefits in their student loan refinancing service. This is especially true if you face financial hardships due to high-interest rates.
So read our following post to learn how to apply for this financial product and get your finances back on track.
Apply for Citizens Bank Student Loan Refinance
Simplify your loan refinancing journey – apply for Citizens Bank Student Loan Refinance. Secure lower rates and get debt-free!
Trending Topics
Secured vs. unsecured credit card: what is the difference?
Secured vs. unsecured credit card: which of these is the best option? Get to know each of these and their impact on your financial life.
Keep Reading
Gucci will start accepting crypto in stores
Gucci will accept crypto as payment! Understand what is behind measures like this and what to expect for the future of the luxury market.
Keep Reading
The unemployment rate in Canada has reached an all-time low
The unemployment rate in Canada has reached a historic low! Understand why lenders are hiring and why this should change in the future.
Keep ReadingYou may also like
LightStream Personal Loans review: No fees, all funding!
Need cash fast? Read our LightStream Personal Loans review to learn about how you can borrow up to $100,000 with flexible repayment terms.
Keep Reading
Navy Federal Personal Loans review: Flexible loan amounts!
Dive into our Navy Federal Personal Loans review. Enjoy low rates and flexible terms, making it a top choice for personal financing solutions.
Keep Reading
Discover it® Student Cash Back card: check out how to apply!
Apply for the Discover it® Student Cash back Card and get 5% cashback, an annual fee waiver, and build your credit. Check out how to apply!
Keep Reading