SouthEast Bank Launches ELFISeptember 12, 2016
KNOXVILLE, TENN (PRWEB) SEPTEMBER 12, 2016
Education Loan Finance- ELFI – a division of SouthEast Bank focusing on student loan debt refinancing and consolidation, has recently lowered the rates on its student loan refinancing program. ELFI rewards hard working, financially-responsible college graduates with better refinancing and debt consolidation options, while also offering among the lowest rates in the industry.
ELFI offers customizable refinancing options for repaying student debt, including loan amounts from $15,000 to $250,000 and terms from five to 20 years, with variable rates as low as 2.14% APR and fixed rates as low as 3.49% APR. By refinancing all or a portion of a borrower’s student loans through the ELFI program, borrowers can consolidate both their federal and private student loans into single loan with one monthly payment, and there are no origination fees or prepayment penalties on ELFI loans.
“We are looking forward to providing low cost student loan refinancing solutions to borrowers who are saddled with high cost student loan debt and are looking for more affordable and management payments on their student loans. In addition to having low rates and flexible terms on our loans, we know how to best serve the needs of our customers given our long history in the student loan industry,” said Barbara Thomas, Executive Vice President of SouthEast Bank and head of the ELFI loan program.
With over 30 years of experience in the student loan industry, ELFI’s management team knows how to meet student loan borrowers’ needs. ELFI combines the benefits of traditional education loan financing with the superior products, service, and support found in the private market.
With its affiliations throughout the post-secondary education system, SouthEast Bank and its parent company have helped more than a million families secure financing for post-secondary education. The organization continues to offer scholarships (over $18 million to date) for students and provides free scholarship searches and financial literacy for clients and students through resources such as SouthEast Bank Financial Scholars, Prep Promise, and eCampusTours.com.
ELFI is a student loan refinance program, offered by SouthEast Bank, designed to assist borrowers by consolidating private and federal student loans into one simple, low-cost loan.