Variable rates
#ProductLine=Edfi|Brand=citizensbank|ProductSet=ERL Med Res|Disclosure=disclosure|DisclosureName=allvariable|DisclosureAttribute=APRMin# - #ProductLine=Edfi|Brand=citizensbank|ProductSet=ERL Med Res|Disclosure=disclosure|DisclosureName=allvariable|DisclosureAttribute=APRMax#APR†
Why choose variable rates?
If you prefer a typically low starting interest rate and fluctuating monthly payments over time, this option is for you.
Fixed rates
#ProductLine=Edfi|Brand=citizensbank|ProductSet=ERL Med Res|Disclosure=disclosure|DisclosureName=allfixed|DisclosureAttribute=APRMin# - #ProductLine=Edfi|Brand=citizensbank|ProductSet=ERL Med Res|Disclosure=disclosure|DisclosureName=allfixed|DisclosureAttribute=APRMax# APR †
Why choose fixed rates?
If you prefer interest rates and monthly payments that are the same over time, this option is best for you.
Fund your tomorrow with these 3 benefits
Affordable $100 monthly payments
Enjoy a low, affordable fixed payment of just $100 per month throughout your medical residency or fellowship.*†
Save big with 0.50% rate discounts
Lower our competitive rates by 0.50%† with our Loyalty and Automatic Payment Discount.
Combine federal and private loans
Simplify your payments. Save time and money by conveniently refinancing your federal and private medical school loans into one low monthly payment.†
Refinancing med school loans could be your prescription for savings
Refinancing med school loans could relieve some stress for doctors and dentists during their training. It may help you save thousands of dollars a year with a low rate and reduced monthly payment.
To refinance your medical school loans now or later?
Visit the Citizens Student Loan Hub for resources to help simplify student loan debt.
The perfect time to refi student loans
Refinancing can take a huge burden off your back. Maximize your savings by getting the timing just right.
Breaking from high student loan payments
Get the scoop on the benefits of refinancing federal loans to help you lower monthly payments, interest rate, and pay off your debt sooner.
Reducing medical school loan payments
Simplify your monthly budget by consolidating your medical school loans into one simple payment.
Frequently Asked Questions
We got you, doc! Our Education Refinance Loan for medical residents and fellows fixes loan payments at just $100 per month, up to four years, during your program† and has only three requirements:
- You have over $10,000 in private or federal student loan debt.
- You have graduated from medical school and are matched to an MD, DO, DDS, DMD, DPM, VMD, PharmD or OD residency or fellowship program at the time of application.
- You meet our credit criteria.
Any interest accrued over the fixed $100 monthly payments during your residency will capitalize at the end of your residency and grace period. If the $100 monthly payment exceeds the interest you’ve accrued for the month, we will apply the remainder to your principal.
Full payments of principal and interest begin six months after your residency completion date or 4.5 years after loan disbursement, whichever comes first.
© Citizens Financial Group, Inc. All rights reserved. Citizens Bank, N.A. Member FDIC
† For additional information, please click the † symbols throughout this page to view our student lending disclosures.
* Important Information
Medical Residency Refinance Loan Repayment Example with $100 Monthly Payment: Based on a 48 month residency, a fixed rate 5 year loan for $10,000 at 6.30% APR results in 53 monthly payments of $100 (includes residency period and 6-month grace period), followed by 60 monthly payments of $190.61. $100 monthly payment begins immediately after loan disbursement for the duration of the residency or fellow program period up to 48 months, plus 6 month grace period.
Get My Rate: Selecting "Get My Rate" only requires a "soft credit pull" which does not affect your credit score. Submitting a full application will result in an inquiry on your credit report.