RefiU Student Loan Refinancing
Whether you want to reduce your monthly payment, pay off your loan faster or consolidate student loans, RefiU Student Loan Refinancing from Mutual Bank is a fast way to get ahead so you can focus your hard-earned money on you. Refinance your student loans today – apply in as little as 10 minutes.
There are many great reasons to refinance student loans:
- Lower monthly payments
- Lower interest rates on your student loans
- Consolidate student loans
- New loan terms to pay off your debt faster
- Best of all, you can gain financial freedom
View a list of frequently asked questions about RefiU.
Refinance Your Student Loans & Enjoy These Benefits:
Save More Overall
Pay Less Monthly
Pay $0 Fees to Refinance
Apply in 10 Minutes or Less
Student Loan Refinancing FAQs
How do I apply for a RefiU loan?
Applying to refinance/consolidate your student loans with RefiU from Mutual Bank is easy and your decision will be made quickly!
- Complete the application. You and, if applicable, a co-signer apply online, using our simplified application.
- You'll receive a confirmation by email.
- A RefiU student loan specialist will be in touch by phone or email within one business day, or sooner.
What information will I need when I apply for RefiU?
The RefiU application is simple, with no complicated information required. After your apply, we will ask you for:
- Most recent pay stub
- Current student loan bill statements
- Valid identification
Does checking for my offer affect my credit score?
When you submit a completed RefiU application at this website, Mutual Bank will order a credit bureau report as part of our loan decision process. A credit bureau request may, or may not, affect your credit score, depending on your overall credit history.
Am I eligible to refinance my student loans?
You may be eligible to refinance private and federal student loans if:
- You graduated from an approved 4-year or higher school.
- You have at least $10,000 in student loans to refinance, which can include private loans from other lenders and/or your federal loans (such as Direct PLUS or Stafford loans)
- You have a history of paying your current student loans on time
- You have proof of income
How much can I borrow?
RefiU offers generous borrowing limits so you can consolidate all loans into one simple payment:
Maximum: Loan amounts available up to $250,000 for undergraduate, graduate, and professional degrees.
*Fixed rate is based on the Prime Rate as published in The Wall Street Journal. As of October 16, 2018, the Prime Rate is 5.25%. Fixed interest rates range from 5.50% to 7.750% (5.50% to 7.750% APR) based on applicable terms, level of degree earned and presence of a co-signer. Lowest rates shown are for eligible applicants, and includes our Automatic Payment discount of 0.25 percentage points. Subject to additional terms and conditions, and new loan rates are subject to change at any time without notice. Such changes will only apply to applications taken after the effective date of change. It is the policy of Mutual Bank to provide every potential borrower with disclosure information before they apply for an education refinance loan. The borrower will be presented with an Application Disclosure and an Approval Disclosure within the application process before they accept the terms and conditions of their loan.
Automatic Payment Rate Discount: Borrowers will be eligible to receive a 0.25 percentage point interest rate reduction on their student loans during such time as payments are required to be made and our loan servicer is authorized to automatically deduct payments each month from any Mutual Bank checking or savings account. If our loan servicer is unable to successfully withdraw the automatic deductions from the designated account three or more times within any 12-month period, the borrower will no longer be eligible for this discount.
Ask a Question
A Mutual Bank loan specialist can answer your questions and advise you about your student loan refinancing. When you submit a question in the form below, we'll respond by phone or email within one business day, or sooner.