Our customers have reported that they are saving an average of $272 every month and should see an average of $13,940 in total savings after refinancing their student loans with Education Loan Finance.1
1Average savings calculations are based on information provided by SouthEast Bank/ Education Loan Finance customers who refinanced their student loans between 2/7/2020 and 2/21/2020. While these amounts represent reported average amounts saved, actual amounts saved will vary depending upon a number of factors.
We work hard to reduce your debt.
It’s time to simplify your student loans by refinancing with Education Loan Finance. With the right payment plan you could save thousands on your student loans! Best of all, you can compare rates and explore payment terms effortlessly, without it affecting your credit score.
You Deserve Affordable Rates & Flexible Terms
We have no application fees, no loan origination fees and no penalty for paying off your student loan early.
Loan Amounts From
5 – 20 years*
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. To qualify for refinancing or student loan consolidation through Education Loan Finance, you must have at least $15,000 in qualified student loan debt and must have earned a bachelor’s degree or higher from an approved post-secondary Education Loan Finance institution. Education Loan Finance Parent Loans are limited to a maximum of the 10-year term.
Refinancing Student Loans is Simple
Say “so long” to the hassle of making multiple payments and keeping track of scattered student loans. With ELFI, you can consolidate them all into one and choose the refinancing terms that fit your lifestyle at a rate that could save you some serious cash.
With ELFI, You Won’t Pay:
• Application fees
• Origination fees
• Prepayment penalties
Pre-qualification does not affect your credit score.
See personalized savings on your student loans in minutes.
Explore options and select a plan with the best rates and terms to fit your refinancing needs.
Upload & Sign
Upload screenshots or smartphone photos of your documents, then sign your paperwork electronically!
What Could You Save?
Place your information into the student loan refinance calculator and check out the possible savings.2
2 The calculated monthly payments and savings are estimated based on the loan information you entered and the loan term you selected. Your actual payments will depend on the exact amount of your loan balance, and specific rates are subject to approval. Variable rate loans are based on the three-month LIBOR index and may change monthly. Changes in the LIBOR index may cause your monthly payment to increase. Although the interest rate will vary after you are approved, the interest rate will never exceed 9.95% APR.
Why Refinance With Us?
Some of the Lowest
We offer some of the lowest refinancing rates because we believe in rewarding financially responsible borrowers.
Expertise That’s Second
Our ELFI management team has over 30 years of expertise in student loan refinancing.
In just a few minutes, you’ll find personalized refinancing options available only to you.
Personal Loan Advisors
Our award-winning customer service team will guide you through every step of refinancing.
Service Coast to Coast
ELFI student loan refinancing is available across the entire U.S. and Puerto Rico.