Banking products and services are offered by First Republic Bank, Member FDIC and Equal Housing Lender
1 The terms of this loan may differ from terms of your current loan(s). For example, this loan does not contain special features such as rescission periods, forbearance periods, or income-based repayment plans available for some student loans. If the debt you are refinancing was all incurred for qualified higher education expenses or to refinance a qualified education loan under the Internal Revenue Code, the interest you pay on this loan may benefit from certain deductions thereunder, and it may also be the case that this loan will not be dischargeable in bankruptcy. Applicants should contact their legal, tax and financial advisors for advice on deciding whether this is the right product for them.
Note that the Bank does not refinance existing First Republic Student Loan Refinancing loans.
2 Annual Percentage Rate. Rates effective as of August 1, 2019, and are subject to change.
Borrower must open a First Republic ATM Rebate Checking account ("Account"). Terms and conditions apply to the Account. If the Account is closed, the rate will increase by 5.00%. Rates shown include relationship-based pricing adjustments of: (1) 2.00% for maintaining automatic payments and direct deposit with the Account; (2) 0.50% for depositing and maintaining a deposit balance equal to the greater of 10% of the approved loan amount or $5,000 into the Account; and (3) an additional 0.25% for depositing and maintaining a deposit balance equal to the greater of 20% of the approved loan amount or $10,000 into the Account.
Payment example for a loan amount of $100,000. 5-year/60 monthly payments of $1,750.59 at 1.95% APR. 7-year/84 monthly payments of $1,301.15 at 2.55% APR. 10-year/120 payments of $974.87 at 3.20% APR. 15-year/180 payments of $724.75 at 3.70% APR.
3 Lowest advertised fixed rates and pricing adjustments for a 5 to 15 year loan for First Republic Bank and competitors. Based on rates listed on competitor websites as of 10/1/2019. Competitor Sources: SoFi, Common Bond, Citizens Bank, Earnest.
4 Minimum $500 to open an ATM Rebate Checking account. A monthly fee (currently $25) will apply if a minimum monthly average balance of $3,500 is not maintained. Domestic and foreign ATM access fees are rebated at the end of the monthly cycle. Foreign currency conversion and other usage fees vary by country and network and are not included in the rebated ATM access fees.
Student Loan Refinancing is not available in all markets. For a complete list of locations, visit the Locations page.
This is not a commitment to lend or extend credit. All loans are subject to the Bank's underwriting standards. Additional information may be required for verification of documents provided. Applicants must meet a First Republic banker in person to complete account opening paperwork. This can be done at any First Republic Preferred Banking Office.
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