ELFI's Student Loan Refinancing Referral Program
Refer a friend to refinance with ELFI. When they’ve refinanced, you’ll get a $400 check, and they’ll get $100 toward their loan balance.* Register now or sign in for your personalized referral link.
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 will receive a $100 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!
Register
Complete the online Referral Program form to register. You'll receive your referral link automatically.
Invite
Invite friends to refinance their student loans by sharing your referral link via email, social media, blog, or website.
Earn
When your friend refinances their student loan with ELFI, we’ll send you $400!*
*Subject to credit approval. Program requirements apply. Limit one $400 cash bonus per referral. Offer available to those who are above the age of majority in their state of legal residence who refer new customers who refinance their education loans with Education Loan Finance. The new customer will receive a $100 principal reduction on the new loan within 6-8 weeks of loan disbursement. The referring party will be mailed a $400 cash bonus check within 6-8 weeks after both the loan has been disbursed, and the referring party has provided ELFI with a completed IRS form W-9. Taxes are the sole responsibility of each recipient. While referrers can refer multiple borrowers and receive multiple referral bonuses, this offer is not valid for referrers who refer current ELFI customers who refinance their existing ELFI loans or customers who have refinanced with ELFI previously. Additional terms and conditions apply. Offer is subject to change without notice. Employees of SouthEast Bank and its affiliates are not eligible. The new customer is required to register online at www.elfi.com/referral-program and refinance a student loan with Education Loan Finance within 90 days of registration. The minimum refinance balance required to refinance with Education Loan Finance and obtain the bonus is $10,000.
FAQs
A rewards program for anyone who refers individuals to refinance a student loan with Education Loan Finance.*
*Subject to credit approval. Program requirements apply. Limit one $400 cash bonus per referral. Offer available to those who are above the age of majority in their state of legal residence who refer new customers who refinance their education loans with Education Loan Finance. The new customer will receive a $100 principal reduction on the new loan within 6-8 weeks of loan disbursement. The referring party will be mailed a $400 cash bonus check within 6-8 weeks after both the loan has been disbursed, and the referring party has provided ELFI with a completed IRS form W-9. Taxes are the sole responsibility of each recipient. A new customer is an individual without an existing Education Loan Finance loan account and who has not held an Education Loan Finance loan account within the past 24 months. Additional terms and conditions apply.
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.*
*Subject to credit approval. Program requirements apply. Limit one $400 cash bonus per referral. Offer available to those who are above the age of majority in their state of legal residence who refer new customers who refinance their education loans with Education Loan Finance. The new customer will receive a $100 principal reduction on the new loan within 6-8 weeks of loan disbursement. The referring party will be mailed a $400 cash bonus check within 6-8 weeks after both the loan has been disbursed, and the referring party has provided ELFI with a completed IRS form W-9. Taxes are the sole responsibility of each recipient. A new customer is an individual without an existing Education Loan Finance loan account and who has not held an Education Loan Finance loan account within the past 24 months. Additional terms and conditions apply.
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.