Student Loan Refinancing


Refinance student loans and more with a Personal Line of Credit [1]

graduated student walking See your rate (2 min)
3.95–5.45 % APR[2]
OUR LOWEST FIXED RATES WITH DISCOUNTS

While the Personal Line of Credit is not a student loan, it offers you options to reduce the burden of student loans and other debt. By refinancing with a lower interest rate, you have the opportunity to get out of debt faster with new term options and no prepayment fees.

See your rate (2 min)



graduated student walking
  • refinance your student loans
    Refinance your student loans
  • cover minor home improvements
    Cover minor home improvements
  • buy or refinance a car
    Buy or refinance a car
  • pay for medical or dental procedures
    Pay for medical or dental procedures
  • plans for your family's future
    Plan for your family's future
  • ask your banker
    And more. Ask your banker

First Republic’s Personal Line of Credit provides access to revolving credit during a two-year draw period, followed by a repayment period for the remainder of the loan term.

Why use a Personal Line of Credit to refinance student loans and other debt?

low fixed rates personal line of credit icon

Low fixed rates

Find fixed-rate options as low as 3.95% APR with discounts when refinancing your student loans with a Personal Line of Credit.

fewer fees icon

Fewer fees

Pay off your student loan debt and more using a Personal Line of Credit with no origination or prepayment fees.

flexibility icon

Flexibility

With loan amounts from $70,000 to $350,000[3], you have the flexibility to refinance eligible debt, like student or auto loans, when you cover minor home expenses, fund large purchases or more. Choose from loan term options of 7, 10 and 15 years.

See your rate (2 min)

 

Note: By refinancing student loans, you may permanently be giving up tax and repayment benefits, including forbearance, deferment and forgiveness. Please consider this as you make a decision to refinance student loans, and talk to a banker if you have any questions. Currently, all payments for certain types of federal student loans are suspended potentially until June 30, 2023, per an executive order by the President. Interest will not accrue during this time period. For more information, please visit ed.gov.

Additional features of a Personal Line of Credit

 

Interest-only payments

Pay interest only on what you draw for the first two years, and repay the full loan with term options that best suit your financial goals.

Access to revolving credit

Get convenient access to revolving credit for large purchases. Plus, any principal you repay will be available to draw on again during the first two years.

Convenience

When you’re ready to refinance, we’ll combine any of your eligible debt into one simple monthly payment.  



See your rate (2 min)


What else can you do with a Personal Line of Credit?

Learn more about the features and benefits of our Personal Line of Credit and how to use it beyond refinancing student loans.


cover minor home improvements

Fund minor home improvements
buy or refinance a car

Buy or refinance a car
plans for your family's future width=

Plan for your family's future
pay for medical or dental procedures

Pay for medical or dental procedures
ask your banker width=

And more. Ask your banker

See your rate (2 min)

What else can you do with Personal Line Of Credit?

Learn more about the features and benefits of our Personal Line of Credit and how to use it beyond refinancing student loans.

cover minor home improvements

Cover minor home improvements

buy or refinance a car

Buy or refinance a car

pay for medical or dental procedures

Pay for medical or dental procedures

plans for your family's future

Plans for your family's future

ask your banker

And more. Ask your banker

 
See your rate (2 min)

FAQs when
refinancing student loans with us

  • I’m looking to refinance my student loan debt. What happens if I get a Personal Line of Credit instead?
  • Can I refinance my private student loans with a Personal Line of Credit? What about federal loans?
  • How often can I refinance my student loans?
  • Can I use a Personal Line of Credit beyond refinancing student loans?
  • How are my loan payments structured?
  • What are the requirements to receive the lowest listed rates?
  • I have more questions about Personal Line of Credit and how to use it.

Articles and Insights

See all
First Republic Bank Logo

Banking products and services are offered by First Republic Bank, Member FDIC and Equal Housing Lender

1 Personal Line of Credit is an unsecured consumer loan that consists of a two-year, interest-only, revolving draw period followed by a fully amortizing repayment period of the remainder of the term. Draws are not permitted during the repayment period.

This product can only be used for personal, family or household purposes. It cannot be used for the following (among other prohibitions): to refinance or pay any First Republic loans or lines of credit, to purchase securities or investment products (including margin stock and cryptocurrency), for speculative purposes, for business or commercial uses, for a down payment on any property or for the direct payment of post-secondary educational expenses. This product cannot be used to pay off credit card debt at origination. Please note only debts that appear on your consumer credit report or student loans are eligible to be repaid at origination.

The terms of this product may differ from terms of your current loan(s) that are being paid off, including but not limited to student loans. By repaying such loans, you may permanently be giving up tax and repayment benefits, including forbearance, deferment and forgiveness, and you may not be able to reobtain such benefits if this loan is refinanced with another lender in the future.

Borrower must open a First Republic ATM Rebate Checking account (“Account”). Terms and conditions apply to the Account.

2 Annual Percentage Rate. Rates effective as of October 19, 2022, and are subject to change.

If the Account is closed, the rate will increase by 5.00%. Rates shown include relationship-based pricing adjustments of: a) 2.00% for maintaining automatic payments and direct deposit with the Account, b) an additional 0.50% for depositing and maintaining a deposit balance of at least 10% of the approved loan amount into the Account, and c) an additional 0.25% for depositing and maintaining a deposit balance of at least 20% of the approved loan amount into the Account, with the option to deposit up to half of that 20% into an Eagle Invest account.

Eagle Invest is an investment advisory service offered by First Republic Investment Management, Inc., and sub-advised by BlackRock FutureAdvisor, Inc. (FutureAdvisor). First Republic Investment Management, FutureAdvisor and Fidelity Investments, Member FINRA/SIPC, are unaffiliated SEC-registered investment advisors. FutureAdvisor is a registered trademark of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. $5,000 minimum investment required.

Investment Advisory Services are offered through First Republic Investment Management, an SEC-Registered Investment Advisor and a wholly owned subsidiary of First Republic Bank.

Investment and Advisory Products and Services are Not FDIC Insured, Not Bank Guaranteed and May Lose Value.

3 Personal Line of Credit minimum is $70,000; maximum is the lesser of $350,000 or debt amount to be repaid at origination plus $100,000. If no debt to be repaid at origination, the maximum loan amount is $100,000. This product cannot be used to pay off credit card debt at origination. Please note only debts that appear on your consumer credit report or student loans are eligible to be repaid at origination. Line of credit cannot be fully drawn at origination.

Contact your legal, tax and financial advisors for advice on deciding whether this is the right product for you. Terms and conditions apply.

Product is not available in all markets. For a complete list of locations, visit firstrepublic.com/locations. Applicants must meet a First Republic banker to open account. This is not a commitment to lend. Loan approval is subject to a completed application with associated documentation and confirmation that income, liquidity, credit history and other application information meet the minimum requirements for this product. Applicants should discuss line of credit terms, conditions and account details with their banker.

© 1997–2022 First Republic Bank.