A Simple, Easy Process
Sign up, create your personalized referral link, and share it with your friends – it’s that simple!
When a friend refinances using your personalized referral link, you’ll get a $400 referral bonus check. Plus, your friend can earn up to a $1,000 credit applied to the principal balance of the Education Loan Finance loan. Best of all, there’s no limit on the number of friends you can refer!
Complete the online Referral Program form to register. You'll receive your referral link automatically.
Invite friends to refinance their student loans by sharing your referral link via email, social media, blog, or website.
When your friend refinances their student loan with ELFI, we’ll send you $400!*
$400 for you, up to $1,000 for your friends!
Depending on the total amount of student loans your friend refinances, they could earn up to $1,000 on top of the savings they could get by refinancing.
When refinancing up to $80k in student loans*
When refinancing $80k or more in student loans*
When refinancing $150k or more in student loans*
(Bonuses are not cumulative. See details below.)
A rewards program for anyone who refers individuals to refinance a student loan with Education Loan Finance.*
Referral recipient should complete the following steps for both parties to be eligible for the referral bonus:
- Use the personal referral link and complete the Education Loan Finance application process.
- New customers must refinance a loan with Education Loan Finance within 90 days of registration to receive the referral bonus.*
If someone registers for the referral program and shares their personal referral link, then they will receive full credit for any eligible referrals. Taxes are the sole responsibility of each recipient.
An individual will be eligible for the referral as long as they are not a current Education Loan Finance customer and have not held an Education Loan Finance account within the past 24 months. For the protection of customer privacy, Education Loan Finance will NOT notify you that a specific individual has registered and completed an Education Loan Finance loan. We will mail a check for your referral bonus. Taxes are the sole responsibility of each recipient.
You can only earn the $400 cash bonus if the referred friend registers using the personalized referral link. The referred individual must also refinance their student loan(s) with Education Loan Finance.
Your referred friend must successfully register for the referral program and complete a loan with Education Loan Finance within 90 days of registration. You will be mailed your cash bonus via check within 6-8 weeks after the Education Loan Finance loan disbursement. You must provide a completed IRS W-9 form. Taxes are the sole responsibility of each recipient. Subject to credit approval. Program requirements apply.
This program will be reviewed periodically and is subject to change at any time. Please take advantage of this offer and refer your friends now!
There is no limitation on the number of referral bonuses you can earn through Education Loan Finance. All referrals must use your personal referral link and successfully refinance a loan with Education Loan Finance within 90 days of registration to receive the $400 cash bonus.
For additional information regarding education loan refinance and consolidation products offered, please visit: www.elfi.com/refinancing-commonly-asked-questions
Tips for Referring Your Friends
Be honest about your experience
Tell them what your refinancing experience was like so they have a good understanding of the process.
Tell them what you’re saving with ELFI
Explain why you refinanced and what it's allowed you to save – monthly or over your loan term.
Tell them there’s no risk to prequalifying
By prequalifying, they can get their estimated rate in minutes, without affecting their credit score.
Keep their best interest in mind
Refinancing isn't for everyone. When it comes down to it, encourage them to do what's best for them.
Have them contact us with any questions
Our team of Personal Loan Advisors are ready to answer any questions they might have about refinancing.