LendingTree Student Loan Refinance Review
ConsumersAdvocate.org Rating: 8.4 / 10 (Very good)
LendingTree provides an online marketplace where students can select from multiple student loan refinancing services. Their website allows consumers to get multiple competing offers. For added convenience we think this helps you find great student loan refinance rates quickly. When banks compete, you win!
LendingTree does not provide any loan limits for its student loan refinance. The maximum and minimum loan limit depend on the chosen lender. LendingTree merely acts as a facilitator or loan matching service that finds the best possible lender given the consumers given information.
- Undergraduate School – No Limit
- Graduate School – No Limit
An average type of loan term that most lenders in LendingTree offer is up to 20 years. Customers may choose other loan terms that works best for them with the list of lenders to choose from.
- Up to 20 years
Interest rates depend on the chosen lender of a customer. Lenders are able to provide variable rates as low as 1.97% in accordance with the details of the consumer.
- Variable interest rates as low as 1.97% APR
Loan Related Fees
Most lenders do not charge customers of prepayment penalties and origination fees. Other lenders may charge their clients of fees depending on their terms.
Origination Fee – Varies
Prepayment Penalties – Varies
Student Loans at LendingTree
When it comes to student loan refinancing, LendingTree makes a good case for itself by helping people find the best deals. Rather than letting people negotiate for the best loan terms possible, it places the burden on the shoulder of lenders competing for your business.