Credible Student Loans Review


Rating: 9.4 / 10 (Excellent)
Disclosure: We receive advertising revenue from this partner. 
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Credible is a San Francisco-based company founded in 2011. The company offers an online platform where students can compare interest rates and choose from a network of lenders offering student loans, personal loans, and refinance options. Credible currently holds a Better Business Bureau rating of A+ and a Trustpilot rating of 9.4.

How is Credible rated?

Breakdown

9/10
Loan Specifics
10/10
Qualifications
10/10
Customer Experience
10/10
Company Reputation

Overall Rating: 9.4 / 10 (Excellent)

As an online marketplace with access to a number of lenders, Credible is a great solution for consumers who want to shop around to find the student loan that best fits their needs. Credible does not charge origination or service fees, and it has a large database of student loan resources to assist applicants who may feel overwhelmed by the complicated lending process. The glowing praise it receives from its former customers should also be noted.

Credible Loan Specifics

Loan Specifics - 9 / 10

Credible is an online marketplace that allows customers to receive personalized student loan quotes from multiple lenders, including Connext, Sallie Mae, and Discover. By answering a few questions, applicants are prequalified for loans from several lending sources. Minimum APRs are advertised, which vary depending on the lender, but can be as low as 2.56% (variable APR). Loan terms also range widely, from 5 to 20 years. Credible does not charge origination or service fees and prepayment does not constitute a penalty.
Loan Types
Undergraduate
Graduate
Career Training
Loan Term
5, 7, 8, 10, 15, and 20 years
Interest Rates
Fixed
Variable
Fixed APR Range
As low as 5.10%
Variable APR Range
As low as 3.78%
Repayment Options
Deferred
Fixed
Immediate
Interest-Only
Fees
Loan Application
Loan Origination
Late Payment
Collection

Credible Qualifications

Qualifications - 9.5 / 10

Since Credible is not a direct lender, only a marketplace that connects consumers with other lenders, any qualification requirements will depend on the lender selected by the applicant.

Credible Customer Experience

Customer Experience - 10 / 10

Credible lets consumers prequalify for multiple loan offers with an easy and fast online application. Though the site does not feature a student loan calculator, there are a great number of resources and blog posts about student loans that may be useful to many. Live chat support is available during business hours.
Online Quotes

Credible Company Reputation

Company Reputation - 9.5 / 10

Credible is accredited by the BBB and rated A+, with enthusiastic and positive customer reviews posted on the profile. The company's reputation on Trustpilot is equally glowing. Customers most often praise how easy and fast it was to apply for a loan through Credible.
Lender Type
Marketplace
Year Founded
2012
BBB Rating
A+
Number of BBB Positive Reviews
46
Number of BBB Negative Reviews
1
Trust Pilot Rating
9.5 out of 10
Date Collected
2018-03-27

Company Profile

Full Name
Credible Student Loans
Company Website
Headquarters
101 Green Street, Level 2, San Francisco, CA, 94111

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Our Partner
9.4 / 10
  • Prequalify for multiple student loan offers from top lenders
  • Variable APRs as low as 3.78% (with discounts applied)
  • Live chat support available
  • No origination or service fees
  • Accredited and rated A+ by the BBB