Refinancing Student Loans With Chase
If you’re looking to refinance your student loans, Chase is a good option. With no fees and great rates, it’s one of the best lenders on the market right now. Keep reading to learn more about what makes them stand out from their competitors, as well as how to get started with refinancing your student debt through Chase.
Chase offers student loan refinancing only to borrowers with a certain credit score.
- You must have a minimum FICO score of 660.
- You must have a minimum income of $75,000.
- You must have a minimum credit limit of $10,000.
If you meet these criteria and want to learn more about refinancing your student loans at Chase Bank, visit their website or call the phone number on your statement with questions.
Chase’s rates start lower than many competitors.
Chase’s rates start lower than many competitors. The bank’s fixed rate student loans have a starting interest rate of 5.99% when you qualify, and they can be as low as 4.24% if you don’t meet the qualifications (which are based on your credit score).
Rates are also based on your income, debt-to-income ratio, loan balance and other factors. With more than 20 years of experience handling student loans for millions of students, Chase knows how to provide the best terms for their customers’ needs.
If you’re a Preferred Rewards member, you’ll get a rate discount.
If you’re a Preferred Rewards member, you’ll receive a rate discount on your Chase student loan refinance. To become a Preferred Rewards member, request an invitation on the Chase website or call the number provided.
Chase allows co-signers on their loans, which can help borrowers with less-than-great credit scores qualify for better rates.
A borrower who applies for a loan alone may not be able to qualify for traditional student loans if their credit score falls below the minimum required. In some cases, however, your co-signer can help you secure a loan with a better rate than if you had applied on your own. This is because having someone with good or excellent credit history vouching for you will make lenders more confident in extending the loan and offering better terms.
However, having someone else sign on as a co-signer also comes with risks: if they miss payments then those late fees will be passed along to the borrower (you), who may have no idea what happened since they weren’t aware that the account existed in their name at all!
So how does Chase help out borrowers who don’t have perfect credit? They allow them to use cosigners on their loans—which can help borrowers get approved for lower interest rates when compared against other lenders’ rates.
There are no account fees or origination fees associated with refinancing your student loans through Chase.
The best part is that you won’t be charged any account, origination, prepayment, late payment or penalty fees. There are no setup fees, annual fees or balance transfer fees either. Most importantly: there are no cash advance fees!
In short, this means that you can use your Chase refinanced student loan for whatever purpose you choose without worrying about extra charges and penalties sneaking up on you.
Chase is a good option for refinancing if you have good credit and make at least $75,000 per year.
If you have good credit and make at least $75,000 per year, Chase is a relatively good option for refinancing your student loans. However, Chase does have a higher minimum credit score requirement than some other lenders. This means that if your credit score is below 640, it will be harder to qualify for refinancing with them. However, if you do have a strong enough credit history and income to meet the requirements of Chase’s student loan refinance program, then this lender may be right for your needs.
The bottom line is that if you have good credit and make at least $75,000 per year, Chase could be a great option for refinancing your student loans. If you’re eligible to refinance through Chase and want to learn more about how it works, take a look at our guide to refinancing with them.