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Splash Financial Student Loan Refinance Review
Splash Financial Student Loan Refinancing
Rewards: 0.25% interest rate reduction with autopay
Eligibility: Minimum credit score of 650
Overall Limits: $5,000 (minimum)
Rewards: 0.25% interest rate reduction with autopay
Eligibility: Minimum credit score of 650
Overall Limits: $5,000 (minimum)
The bottom line
Splash Financial offers relatively low fixed rate or variable rate loan refinancing at a wide range of repayment terms. While their refinance loans have no origination, application, or prepayment fees, Splash Financial does charge late fees.
Pros- No origination, application, or prepayment fees
- 0.25% interest rate deduction with autopay
Cons- Late fees
- Does not offer grace periods
Loan comparison
Full review
Splash Financial is a marketplace to find a lender for refinancing student loan debt.
Splash is not the lender. Instead, Splash works with lender partners including banks and credit unions. Your lender will depend on the partner they match you with, which could provide the best rate. If you’re matched lender is a credit union, you will need to become a member of the credit union.
Splash Financial offers student loan refinancing at competitive rates, particularly when taking advantage of the 0.25% autopay discount for borrowers enrolled in autopay for monthly payments. There are also no origination, application, or prepayment fees. Splash Financial does charge late fees and does not offer a grace period for refinance loans.
Options for repayment terms range from 5-25 years, with more intervals than many lenders. To qualify for refinancing through Splash Financial, borrowers must have graduated with at least an associate degree. There’s a minimum credit score of 650 and the minimum refinance loan amount is $5,000.
The option to defer (postpone payments) or discharge student loans in the case of disability or death depends on the lender you are matched with.
Splash Financial does not allow borrowers to apply for student loan refinancing with a cosigner.
Splash Financial - Splash Financial Student Loan Refinancing
Other loans that Splash Financial offers:
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