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
By submitting this form, I agree that I am 18+ years old and I agree to the Privacy Policy and Terms and Conditions. I also provide my signature giving express consent to receive marketing communications via automated emails, SMS or MMS text messages and other forms of communication regarding financial products such as credit card and loans. Message frequency varies and represents our good faith effort to reach you regarding your inquiry. Message and data rates may apply. Text HELP for help or text STOP to cancel. I understand that my consent to receive communications is not a condition of purchase and 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
Tips on how to invest in a bear market
Learn two valuable tips on how to invest during a bear market to protect your funds and make the most of this economic downturn.
Keep Reading
Apply for the R.I.A. Federal Credit Union Mastercard® Classic Card
Unlock your full credit potential! Apply for the R.I.A. Federal Credit Union Mastercard® Classic Card today! $0 annual and cash advance fees!
Keep ReadingYou may also like
Applying for the Merrick Bank Double Your Line Secured Visa credit card: learn how!
The Merrick Bank Double Your Line Secured Visa credit card is an excellent choice if you need to improve credit and double your limit quickly.
Keep Reading
The Credit People review: repair your credit with confidence
A good credit score opens doors for negotiations. Check out this review from The Credit People, a great option to improve your finances!
Keep Reading
What is an annual fee on a credit card?
Annual fee on a credit card is a common thing, but do they make sense? How can you get rid of them? When should you accept them?
Keep Reading