Listed below are particular conditions that have to be found to help you be eligible for refinancing the student loan that have CommonBond:
Its hybrid price solution is suitable for your for people who aren’t completely certain concerning your capability to pay your own mortgage during the 5 years. In the event more risk is actually with it, usually using this type of bundle, people become paying smaller monthly with less focus price than just with a good ten-year long fixed package
Qualification criteria
It’s required that you are sometimes a U.S. citizen otherwise a long-term resident or keep among any of the next visas: H1-B, J-step 1, L-step 1, E-dos, E-step three
In the 2000 Name IV universities and you may software meet the criteria to have CommonBond. You must make sure a is eligible and should hold an effective bachelor’s knowledge in the same
There isn’t any lowest money requirement that have CommonBond. However it is crucial that you understand that those with the lowest to help you reasonable-income often find it difficult so you can be eligible for a loan. Proof of a job otherwise a letter out of greeting regarding a prospective employer was requested
Data and you can Advice required
Listed here are most of the required documents in addition to what that you will have to provide so you’re able to re-finance your figuratively speaking that have CommonBond:
App techniques
Very first, a mellow credit check is performed to check having pre-acceptance. (suite…)