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Private Graduate Loan Consolidation Rates
Interest Rate As Low As 6.14%
GradLoans.com private graduate loan consolidation offers borrowers the benefit of a first year introductory interest rate equal to 3-Month LIBOR (London Interbank Offered Rate) plus 3.25% to 7%.
Origination fees range between 1% and 5% depending upon your individual credit or the credit of a co-signer. Fees are due at loan closing and are capitalized (added to the loan), which increases the amount borrowed but avoids any out-of-pocket expenses at loan closing.
Private Consolidation Program Description:
| Rates | LIBOR + 3.25% to 7% |
|---|---|
| APR1 | 6.14% - 10.37% |
| Fees2 | 1% - 5% |
| Max Term | 30 years |
| Max Balance | $250,000 |
Apply Online or call toll-free 877-328-1565
Benefits of Private Graduate Loan Consolidation:
- Lower Monthly Payments: Most borrowers can reduce their monthly payment by extending the repayment term of their private student loan debt.
- Conditional pre-approval decision within minutes online or by phone.
- Reduced Interest Rates: Borrowers with improved credit may often lower their interest rate. Existing loan holders will not reduce your interest rate if your credit has improved.
- Rate Reductions: Borrowers may apply on their own or with a credit-worthy co-signer. Borrower and Co-signers with superior credit will receive lower APR loans.
- Internship/Residency & Military Deferment: A 48 month deferment for medical/dental residents and a 36 month deferment for all active-duty military personnel is available through the Graduate Leverage Private Consolidation Loan Program.
- Up to 30 Year Repayment Term: Borrowers may receive up to a 30 year repayment term which offers the lowest possible monthly payment.
- No Prepayment Penalties: All payments in excess of scheduled payments go directly to principal.
