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Find The ELFI Loan That's Right For You.

Your Student Loan, Your Way.

We believe education fuels empowerment, and because of that, we take the hassle out of obtaining a private student loan. Want freedom? You can check your rate in minutes without it affecting your credit score. Want savings? You’ll never pay an application, origination or prepayment fee. Looking for support? Your Personal Loan Advisor will make sure there are no hiccups when receiving your funds. How’s that for feeling empowered?

Affordable Rates & Flexible Terms for Student Loans*

We have no application fees, no loan origination fees and no penalty for paying off your loan early.

Loan Amounts From

$10,000

 

Rates From

Variable

3.95% APR

Fixed

4.99% APR

Terms From

Student Loans

5 – 15 years

Parent Loans

5 – 10 years

* The interest rate and monthly payment for variable rate loans may increase after closing. Your actual interest rate may be different from the rates shown above and will be based on the term of your loan, your financial history, and other factors, including your cosigner’s (if any) financial history. For example, a 10 year loan with a fixed rate of 6% would have 120 payments of $11.00 per $1,000 borrowed. Education Loan Finance Parent Loans are limited to a maximum of the 10-year term.

Student Loan Calculator

Flexible repayment options to fit your lifestyle with no application or prepayment fees. Calculate an estimated monthly payment for your private student loan based on your preferred repayment terms.

Private Student Loan Repayment Options

Immediate
  • Loan term starts upon disbursement of funds to the school.
  • Make principal and interest payments while attending school.
  • Full payment of interest and principal will begin 30 to 60 days following disbursement.
Interest Only
  • Make interest payments on the loan while attending school.
  • Continue interest payments during the six month grace period.
  • Full payment of interest and principal will begin 30 to 60 days upon completion of the grace period.
Fixed
  • Make $25 payments while attending school.
  • Continue $25 payments during the six month grace period.
  • Full payment of interest and principal will begin 30 to 60 days upon completion of the grace period
Deferred
  • While attending school, no payments are required on the loan.
  • No payments are required during the six month grace period.
  • Full payment of interest and principal will begin 30 to 60 days upon completion of the grace period.

What Our Customers Are Saying