Banking products and services are offered by First Republic Bank, Member FDIC and Equal Housing Lender
1 Annual Percentage Rate. Rates effective as of October 30, 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 adjustment of 2.00% for maintaining automatic payments and direct deposit with the Account.
Payment example for a loan amount of $100,000. 5-year/60 monthly payments of $1750.59 at 1.95% APR. 7-year/84 monthly payments of $1301.15 at 2.55% APR. 10-year/120 payments of $965.61 at 3.00% APR. 15-year/180 payments of $712.43 at 3.45% APR. The final monthly payment may vary by a slight amount.
1 Loan minimum is based on the highest degree obtained. For applicants with an undergraduate degree, the minimum is $40,000. For applicants with a graduate degree, the minimum is $25,000. The maximum loan amount for refinancing for all applicants is $300,000.
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.
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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