An Education Refinance Loan may help you to lower your interest rate and monthly payment so you can save money over the life of your loan. If you're ready to simplify or potentially lower your monthly student loan payments (both federal and private) with an Education Refinance Loan, you may be wondering what you'll need to get started.
Before you apply for a student loan refinance application form, take some time to learn about what you'll need and what to expect during the application process. If you have questions about your application or how an Education Refinance Loan can help you potentially lower the interest rate and monthly payments on your student loans, contact a Citizens Bank Student Lending Specialist today.
Just like a mortgage or car loan, you must meet certain qualifications to be eligible for an Education Refinance Loan:
Before you visit the application page or speak to one of our Student Lending Specialists, take a moment to review our eligibility and loan limit requirements to make sure that our Education Refinance Loan is the right choice for you.
When you apply to consolidate and/or refinance your student loan, your lender will need some specific information to determine your interest rate and payment terms. To prepare for the application process, take some time to gather the following documents:
After you and your cosigner (if applicable) fill out an Education Refinance Loan application, Citizens Bank will review and validate your existing student loan and employment information. If you are approved for an Education Refinance Loan, Citizens Bank will contact you and your cosigner and present you with your repayment options. After choosing the refinance package that works best for you, you will need to sign a promissory note to receive Final Disclosure and Right to Cancel Documents. Once this step is completed, you have officially converted your previous loans, and repayment on your Education Refinance Loan begins.
If you want to apply for student loan refinancing and learn how to potentially lower your monthly payment and reduce the interest rate on your current student loans, an Education Refinance Loan from Citizens Bank can help. For more information about your Education Refinance Loan options, speak to one of our Student Loan Specialists at 855-464-6340.