CommonBond
PaidStudent loan refinancing with a social mission and hybrid rate options
🔄Student Loan RefinancingAbout CommonBond
CommonBond offers student loan refinancing with a social promise: for every loan funded, CommonBond funds the education of a child in need through its partnership with Pencils of Promise. The company provides competitive fixed, variable, and unique hybrid rate options that start variable and convert to fixed.
What's Great
- ✓Social mission funds a child's education for every loan funded through Pencils of Promise
- ✓Unique hybrid rate option starts variable and converts to fixed mid-term
- ✓Competitive fixed and variable rate options for qualified borrowers
- ✓No application or origination fees
Watch Out For
- !Requires strong credit and income for the best rates
- !Refinancing federal loans eliminates access to federal protections
- !Smaller lender with less widespread brand recognition
Common Use Cases
Borrower who values socially conscious lending and wants their loan to fund education abroad
Refinancer interested in a hybrid rate that provides variable savings with fixed-rate security later
Graduate with strong income seeking competitive refinancing from a mission-driven lender
Pricing Model
Paid
Paid subscription required. Check the website for current pricing and free trials.
Category
Student Loan Refinancing
Replace existing loans with a new private loan at a potentially lower rate.
Tags
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