Loans
ELFI Student Loan review: is it worth it?
Get the details on ELFI's student loan repayment program. See how much you could save by refinancing your student loans with ELFI.
Advertisement
ELFI Student Loan review and benefits: Up to 100% coverage and flexible rates
Are you looking for an affordable, low-cost education loan that won’t break the bank? Then check our ELFI Student Loan review! This option might be worth considering for many prospective students and their families.
ELFI Student Loan: how to apply now!
Applying for an ELFI Student Loan is easy! Enjoy low rates and several benefits. Keep reading and learn more!
We will overview what makes ELFI unique, who is most likely eligible for it, and your potential. If you’re considering applying for student loans from ELFI, read on!
| APR | 2.69% (Fixed), 3.21% (Variable); |
| Loan Purpose | Undergraduate loan, Graduate loan, Parent loan, and Refinance; |
| Loan Amounts | $1,000 up to the amount approved by the schools for qualified educations expenses; |
| Credit Needed | 680 (good to excellent); |
| Origination Fee | None; |
| Late Fee | 5% of the past-due amount or $50, whichever is less; |
| Early Payoff Penalty | None. |
ELFI Student Loan: how does it work?
The ELFI Student Loan offers loans of up to 100% finance for students. Therefore, you can pay for your basic or advanced knowledge, such as postgraduate studies.
Also, it will have a small associated APR. Borrowers can count on 2.69% (Fixed) and 3.21% (Variable). Furthermore, payment is very flexible, and you can easily apply for refinancing.
The repayment terms of this loan can extend up to 10 years, with very affordable installments. In addition, you can count on the company’s online support to answer your questions 24 hours a day.
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.
Is it worth it to apply for ELFI Student Loan?
The ELFI Student Loan has incredible benefits that can help every type of student. From graduation to post-graduation.
In addition, you, as a parent, can take out a loan in the child’s name to pay for school. However, you may encounter some fees associated with late payments. Check out what are the pros and cons!
Benefits
- Rates on refinancing and student loans below market;
- Repayment terms of up to 10 years;
- It is possible to finance loans in the Parent PLUS modality, in the name of the child;
- Exclusive student loan counselor assistance;
- Up to 100% financing.
Disadvantages
- Fee for late payments;
- It is not possible to associate co-signer to refinance any type of loan;
- Refinancing requires a high minimum amount of $1,000.
What credit scores are required for the application?
In this ELFI Student Loan review, you can see the main characteristics of this type of loan. However, what would be the credit score needed to apply?
According to the information on the site, you need a good or excellent score to apply. That is a score of more than 680 to be approved and have your money quickly.
ELFI Student Loan: applying for this loan today
In this ELFI Student Loan review, you discovered a great option to finance your long-term studies. However, knowing how to apply online is essential to enjoy the benefits. Check out this post and apply right now.
ELFI Student Loan: how to apply now!
Applying for an ELFI Student Loan is easy! Enjoy low rates and several benefits. Keep reading and learn more!
Trending Topics
Get an easy home equity line of credit: Citizens Bank HELOC review!
Looking for a flexible and convenient way to access equity in your home? Check our Citizens Bank HELOC review!
Keep Reading
Applying for the Regions Life Visa® Credit Card: learn how!
Wondering how to apply for the Regions Life Visa® Credit Card? We'll show you how! Enjoy 0% intro APR for 15 months and more!
Keep Reading
Curious about the crypto millionaires? Find out who they are!
Want to see who crypto millionaires that are famous in the world are? Then check out the list we prepared in this post!
Keep ReadingYou may also like
Freedom Gold Credit Card Review
The Freedom Gold credit card is an easy way to access credit. No credit, no employment or no income checks. Come and get it!
Keep Reading
Housing Assistance: different programs to help you and your family
Unsure of where to turn for help with your housing situation? Learn everything you need to know about the different types of programs.
Keep Reading
American Express Platinum credit card full review
Discover everything you need to know about the American Express Platinum credit card, including eligibility requirements and rewards offered.
Keep Reading