Student Loan
Education Loan Finance application
Like many student loan lenders, the Education Loan Finance application is completely online and you can request a loan in just a few minutes. Read on to learn how to apply and get the funding you need for college.
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by Aline Barbosa
Education Loan Finance: Low rates and flexible repayment terms!
Education Loan Finance, or ELFI, is a company that offers student loans for graduate and undergraduate students. Parents can also apply, and people with existing student debt can request refinancing as well. The company offers flexible loan terms as well as relatively low rates based on creditworthiness. You can choose between a fixed and variable APR and repay your loan in 15 years. Next you’ll see how the Education Loan Finance application works.
You can borrow from $1,000 up until the total cost of attendance with or without a cosigner. The minimum credit score required for both parties is at least 680 with no cosigner release option available.
If you need help paying for college, Education Loan Finance can be a solid alternative. The institution offers all students a great customer service and career counselors to help them through school. Keep reading the content below and learn how to apply for an ELFI loan today!
Learn how to apply online
Before applying for a loan, you can check your rates estimates by pre-qualifying on the company’s official website. The Education Loan Finance application process is simple and it will only take a few minutes of your time. First, you’ll need to click on “get started” and create an online profile. You can also connect with your PayPal account if you wish to do so.
Read and agree to ELFI’s Privacy Policy and click “next”. You’ll need to fill an online form with personal, contact and financial information. ELFI also requires information about your school, your degree and your cosigner. Be sure you meet all the eligibility requirements before proceeding with the application.
After checking the amount and rates available to you, you can either agree with or deny their proposition. If you choose to agree, you’ll have to provide your electronic signature and wait for ELFI to get in touch with your school in order to provide the funding.
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.
Learn how to apply using the app
Sadly, there is no mobile app available for requesting or managing your Education Loan Finance student loan. Everything must go through their official website.
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What about another recommendation: College Ave Student Loans
If you need to compare your ELFI estimates with another option before deciding whether or not to hire their services, we can help. With the College Ave Student Loans, you’ll get personalized loans to fit your budget. The company offers flexible repayment terms and low rates for undergrad and graduate students as well as refinancing.
Check its main features below and follow the recommended link for the application process.
- APR: Fixed APR: 3.22% – 13.95%. Variable APR: 1.29% – 12.99%.
- Loan Purpose: Education.
- Loan Amount: Minimum of $1,000.
- Credit Score Needed: At least 600. Less with a cosigner.
- Terms: From 5 to 15 years.
- Origination Fee: There is none.
- Late Fee: 5% of the amount due or $25, whichever is less.
- Early Payoff Penalty: There is no early payoff penalty.
How to apply for the College Ave Student Loans?
Check how to apply for the College Ave Student Loans and learn how this loan can help you pay for college with flexible terms.
Aline Barbosa
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