CommonBond is a great company to refinance with. They offer student loan refinancing for anyone who has graduated from college and needs help paying off their loans.
Many people have difficulty affording the high payments they receive every month after repayment, so refinancing can really help by lowering these rates.
CommonBond offers some of the lowest rates, starting as low as 1.81% APR for borrowers with excellent credit.
For those who might need a little help getting approved, CommonBond offers deferred interest options to finance your education.
They also offer scholarships for borrowers who do not end up qualifying for the loan, making it easier than ever before to afford college and still graduate with little to no debt at all.
When you are finished with college, refinancing your loans is one of the most important things you can do.
It helps save money on interest and lower payments so that borrowers can afford to live their lives without worrying about paying large amounts every month.
The deferment options offered by CommonBond offer flexibility to borrowers who might not be able to afford their payments right away after college.
If you are struggling, deferred interest is a great option that allows you to pay for your education without having to worry about paying interest or being penalized if you cannot afford the loan at the moment.
Borrowers have 30 years to repay CommonBond loans, so no matter how long it takes you to find a job after college, you are still able to afford your payments.
This timeframe also makes it easier for borrowers to predict their monthly budget and meet the requirements of the loan within their means.
CommonBond offers students and graduates various options and rates depending on what they can afford and what they need.
No matter your credit score or your current loan, if you want to refinance then CommonBond is the right company for you.
CommonBond Student Loans General View
CommonBond recently-launched student loan refinancing for medical and dental residents, as well as other grad students.
I was a little skeptical at first because I had never heard of CommonBond before, but they’ve been around since 2012 and have funded over $1 billion in education loans.
They say their typical borrower has a higher FICO score and lower debt/income ratio than traditional banks. Despite this, their rates are still very competitive.
In my CommonBond review, I’ll touch on the rates, fees, and repayment options.
Best for: Debt consolidation for medical/dental residents and other grad students with a high income after residency or fellowship
(CommonBond’s logo and name do not appear anywhere on updated versions of this document.)
For full transparency: I’m paid $200-$500 per article depending on length, the number of sources, and research time.
CommonBond Student Loans Review Conclusions:
In a nutshell, I would definitely say CommonBond is a good choice for physicians with high debt amounts and higher incomes after residency or fellowship. Their rates are very competitive, they have a nice repayment assistance program, and you can even get up to $1,000 cash for student loan bills.
If you’re a resident or fellow, I’d recommend finding out more about doctor loans from the bigger lenders first. You might also want to see if you can get a better deal through your health care provider’s preferred lender program.
Bottom line: If you have a steady income and high debt amount, check out CommonBond. If you’re a resident or fellow, it’s probably better to look elsewhere first.
Commonbond Student Loan Refinance Review
Common Bond is an excellent company for refinancing student loans.
Their interest rates are very competitive and they offer flexible options in repayment.
Additionally, if you’re a medical or dental resident, you can even get up to $1,000 cash when you refinance with CommonBond!
This makes them a great choice for any physician looking to refinance their loans, but especially those who qualify for the resident refinancing program.
In this article, you’ll learn all about CommonBond and how they stand out from the crowd of student loan lenders. I’ll discuss a little about what makes them unique, where they excel in comparison to other providers and go over some of the basics of refinancing your student loans.
CommonBond offers very competitive interest rates, especially for physicians and other high earners with good credit. They also have great repayment options including income-based repayment (IBR) and public service loan forgiveness (PSLF). Additionally, if you’re a resident or fellow, you can receive up to $1,000 cash when you refinance with CommonBond!
If you’re a resident or fellow looking for refinancing student loans, learn more about doctor loans and see why CommonBond is one of the best lenders out there.
Commonbond Undergraduate Student Loans Review
I’ve never heard of CommonBond before, but I’m impressed by the great rates and flexible repayment options they offer.
If you’re an undergrad or graduate student interested in consolidation, definitely check them out!
In this article, I’ll briefly discuss what makes CommonBond unique as a student loan lender. Then I’ll talk about the interest rates, repayment options, and other basics of refinancing with CommonBond.
I came away from this review wanting to learn more about CommonBond. Their rates are very competitive for borrowers with good credit, but their website does a poor job explaining some basic information like minimum loan amounts and fees.
Finally, I’ll share my overall thoughts about CommonBond as a lender, including the pros and cons of refinancing with them.
The bottom line: I would definitely recommend CommonBond for any borrower who qualifies!
CommonBond also offers flexible repayment options, including income-based repayment (IBR) and public service loan forgiveness (PSLF).
They also offer a resident refinancing program for borrowers looking to refinance as a medical or dental resident.
If you’re interested in refinancing your undergraduate or graduate student loans, check out CommonBond and see how they can help!
Commonbond Graduate Student Loans Review
I’ve never heard of CommonBond before, but I’m impressed by the great rates and flexible repayment options they offer. If you’re an undergrad or graduate student interested in consolidation, definitely check them out!
Pros: Great Rates & Flexible Repayment Options (check out this post for more info)
Cons: Poor Student Loan Refinancing Website (won’t tell you basic information, like minimum loan amount and fees)
I would definitely recommend CommonBond for any borrower who qualifies!
Bottom line: I would definitely recommend CommonBond for any borrower who qualifies! They also offer flexible repayment options, including income-based repayment (IBR) and public service loan forgiveness (PSLF). If you’re interested in refinancing your undergraduate or graduate student loans, check out CommonBond and see how they can help!
CommonBond Student Loan FAQ
Is Commonbond a Federal Student Loan?
No, CommonBond is a private student loan.
What can you use a CommonBond Loan for?
CommonBond loans can be used to pay for tuition and students’ living expenses such as textbooks and food.
What percentage of graduates will have their student loans refinanced by Commonbond?
About 97% of graduating students have their student loans refinanced through CommonBond.
What is the interest rate on a Commonbond loan?
Currently, the interest rates range from 5.19% APR to 12.95% APR. Check out current rates.
Are there other options if you have a credit score below 650?
Even if your credit is not in the greatest standing, you can still apply with a cosigner or through our partnership with Laurel Road. Check out their website for more information.
What benefits do you get from refinancing your loans with CommonBond?
CommonBond partners with Earnest Climb Affirm or Laurel Road to give borrowers benefits such as lower interest rates and waived origination fees.
Which types of student loans does CommonBond work with?
CommonBond works with federal, private, and Parent PLUS loans. Check out our refinancing options.
How would you apply for a Commonbond loan?
You can easily apply for a Commonbond loan online by signing up for an account.
What is the maximum income cap you have to be under to qualify for a CommonBond loan?
The max income cap is currently $160,000 a year. Check out our eligibility requirements.
You can learn more about refinancing student loans with Commonbond by calling 855-976-0020.
Are Student Loans Backed by Bonds?
Yes, bonds are loans that companies and governments use to raise cash for development.
Bonds work in a similar fashion to stocks in the stock market. The issuer will offer interest rates so they can pay back the money they borrowed with interest over time.
What Is the Most Common Student Loan?
The most common student loan is a federal student loan.
Federal loans are distributed by the government and can be obtained through various lenders such as Navient, Wells Fargo, Discover, Nelnet, Citibank, etc.
These types of loans typically have more leniency with repayment options and there is no prepayment penalty fee.
CommonBond is a great company for refinancing student loans because they have low-interest rates, low origination fees, and no prepayment penalties.
You can also earn benefits such as waived application fees, lower interest rates through partnering with Laurel Road or Earnest Climb and lower interest rates by having a cosigner.
If you are struggling to repay your student loans, CommonBond is definitely the way to go!