Student Loan Refinancing

Student Loan Refinancing
Lower your monthly payments. Elevate your experience.

Refinance your student loans[1] and your monthly payment could be as low as $295[2] per month.

Why this refi is a no-brainer
Our low rates and customized solutions can save you up to $32,000[3] when you refinance your student loans.
  • One simple monthly payment

    Consolidate your student loans into one payment for ease and convenience.

  • Pay off early, get money back

    Earn back up to 2.00% of the original loan balance when you pay in full within four years.

  • No loan fees – ever

    We’ll never charge origination, annual or prepayment fees on your loan.

  • Terms and fixed rate options.

    Among the lowest fixed rates available and a variety of relationship-based pricing adjustments and terms that work for you.

Extraordinary service, exceptionally low rates.[4]

FIXED RATES
 
Effective as of 08/01/2018
Top competitors include:
 ●  SoFi
 ●  Common Bond
 ●  Citizens Bank
 ●  Earnest
 
 
 
 
 
 
First Republic
1.95%–4.45% APR[5]
 
Effective as of 08/01/2018
First Republic 1.95%–4.45% APR[5]
Top competitors include:
 ●  SoFi
 ●  Common Bond
 ●  Citizens Bank
 ●  Earnest


The First Republic advantage
Our goal is to be your bank for life. We want to be your go-to place for all your financial needs today — and help you plan for tomorrow. That’s why we aim to provide you with extraordinary service in everything we do.
  • A Personal Banker

    Your own dedicated financial professional — a real person — is only an email or phone call away, ready to help with everything from the big picture down to the smallest details. Whatever you need, we have your back.

  • No ATM access fees worldwide[6]

    With ATM Rebate Checking account there are no access fees at virtually all ATMs worldwide. Even better, any access fees charged by other banks are rebated to you.

  • “Advise, not push” culture

    Whether it’s paying off your student debt, buying your dream home, or planning for retirement, we partner with you to customize solutions that meet your financial needs. We’re here to work with you when you’re ready.

Get started today.

 
  • See your savings

    Use our estimator tool to calculate your rate and choose the term option that works best for you.

  • Connect with your Personal Banker

    Learn all about your refinancing options and get answers to any questions or concerns you may have.

  • Complete your online application

    Be sure to have all of your personal verification documents handy so you can speed through this step.

  • Start looking forward

    If your loan is approved, you’ll meet with your personal banker to complete the account opening paperwork and start experiencing the benefits.


Our clients say it best.

I refinanced my student loans with First Republic and the financial impact cannot be overstated.
Yasmin Naghash
Attorney
Our clients say it best.
I refinanced my student loans with First Republic and the financial impact cannot be overstated.
Yasmin Naghash
Attorney
#firstrepublicexperiences

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

1 This is not a student loan. The terms of this product may differ from terms of your current loan. For example, this product does not contain special features such as forbearance periods and income-based repayment plans available for student loans. Applicants should discuss loan terms and conditions with their banker and contact their legal 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 Assumes an original loan amount of $40,000 refinanced to a 15-year term and a rate of 3.95% APR to represent the lowest payment available with First Republic Bank. This is a hypothetical calculation; your actual monthly payments may vary based on the interest rates, balances and remaining repayment term of the loans being refinanced.

3 Assumes an original loan amount of $147,000, 10-year term, and a rate of 7.21% APR, refinanced to 3.55% APR. Total savings over the 10-year term would be $31,882. Loan amount reflects all customers who refinanced their student loans with First Republic Bank between 1/1/2015 and 9/1/2017. 7.21% was the Direct Plus Student Loan Program rate effective 7/1/2014 to 6/30/2015. Actual savings may vary based on the interest rates, balances and remaining repayment term of the loans being refinanced.

Lowest rates based on current First Republic fixed rates and competitor rates as of 8/1/2018 as listed on competitor websites. Competitor Sources: SoFi, Common Bond, Citizens Bank, Earnest.

Annual Percentage Rate. Rates effective as of August 1, 2018, and are subject to change.

The fixed rates include preferred pricing adjustments and the lowest rate available is 1.95% APR. To qualify for a 2.00% rate adjustment, borrowers must open a First Republic ATM Rebate Checking account (“Account”) with automatic loan payment and direct deposit. To qualify for an additional 0.50% rate adjustment, borrowers must deposit and maintain a percentage of the approved loan amount in the Account. If at any time during the life of the loan the borrower does not meet these requirements, the rate adjustments will be removed and your rate will increase by 2.00% and 0.50% respectively.  Terms and Conditions apply to the ATM Rebate Checking account.  Contact a First Republic banker to learn more.

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 Banks's underwriting standards. Additional information may be required for verification of documents provided. In Florida, applicant shall be responsible for any documentary tax due pursuant to state law. Applicants must meet a First Republic banker in person to complete account and loan application paperwork. This can be done at any First Republic Preferred Banking Office.

© 2018 First Republic Bank.











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