Student Loan Refinancing

Student Loan Refinancing
Refinance now with a new low rate.

Refinance your student loans[1] to save more now or get out of debt faster with rates as low as 1.95% APR.[2]

We make student loan refinancing simple.
Our low rates and customized solutions could help you get out of debt faster when you refinance your student loans.
  • Student Loan Refinancing One Payment Icon
    A single monthly payment

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

  • Student Loan Refinancing Early Payment Icon
    Pay off early, get money back

    Earn back the interest paid on your loan (up to 2.00% of the original loan balance) when you pay in full within four years.

  • Student Loan Refinancing No Fees Icon
    No loan fees

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

  • Student Loan Refinancing Fixed Rate Icon
    Terms and fixed rate options

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

How to refinance your student loans.

  • Calculate potential savings.

    Our student loan refinancing calculator lets you see rates quickly and choose the term option that suits you best.

  • Connect with a banker.

    Your dedicated banker will reach out to you personally to help you through your refinancing options.

  • Complete your online application.

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

  • Start looking forward.

    If your loan is approved, you’ll meet with your dedicated banker and learn more about how we can support you.

Exceptionally low rates[3]

Student Loan Refinancing Competitor Rate Graph
Effective as of 3/9/2020

Student Loan Refinancing FAQ

  • Why do I need to speak to a banker?
  • Why do I need a First Republic ATM Rebate Checking account?
  • What kind of service can I expect from First Republic?
  • Are there any prepayment, origination or annual fees?
  • How does the 2.00% prepayment rebate work?
  • What are the requirements to receive the listed Student Loan Refinancing rates?
  • What is the checking account relationship based pricing adjustment?
  • What documents are needed to apply to refinance my student loans?
  • What term options are available for refinancing student loans?
  • Why do you currently not offer student loan refinancing in my state?

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 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.

Annual Percentage Rate. Rates effective as of March 9, 2020, 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 $1,290.02 at 2.30% APR. 10-year/120 payments of $951.82 at 2.70% APR. 15-year/180 payments of $695.40 at 3.10% APR.

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 3/9/2020. Competitor Sources: SoFi, Common Bond, Citizens Bank, Earnest, Laurel Road.

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.

© 2020 First Republic Bank.

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