NaviRefi Review: Student Loan Refinancing with Navient
NaviRefi advertises great interest rates, but their connection to Navient and some consumer complaints are cause for concern.
Rank | Lender | Interest_Rates_ | Loan_Amounts____ |
---|---|---|---|
1 | ![]() | 3.94%* – 9.99% | $5,000 – No Max |
Splash Financial Review: Splash has competitive rates, but they start slightly higher than the top lenders. Splash also offers unique 8 and 12 year repayment terms. | Application + Up to $500 Bonus | ||
2 | ![]() | 4.86% – 8.44% | $10,000 – No Max |
ELFI Review: ELFI routinely offers excellent interest rates. Even though ELFI is new, it is the product of a regional bank that has been in business for decades. | Application + $150 Bonus | ||
3 | ![]() | 4.49% – 9.99% | $5,000 – No Max |
SoFi Review: SoFi is the biggest name in student loan refinancing for a simple reason – their rates are reliably among the best on the market. | Application | ||
4 | ![]() | 4.29% – 9.73%^ | $5,000 – No Max |
Earnest Review: The rates advertised by Earnest are among the best, but in head to head comparisons, Earnest often falls short in actual rates offered. Earnest scores points because it has by far the most flexibility on loan repayment length. | Application + $150 Bonus^ | ||
5 | ![]() | 4.68% – 9.12% | $5,000 – $300,000 |
LendKey Review: LendKey partners with local banks and credit unions to provide their loans. The end result is competitive rates provided by local reputable businesses. | Application + $150 Bonus |
Note: The lowest listed rate for each lender is listed as an APR (Annual Percentage Rate) with all discounts available. The industry standard among nearly all lenders is to offer a .25% autopay discount. Listed rate for SoFi is Fixed Rate APR.
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Methodology: Learn how these rankings are generated.
NaviRefi advertises great interest rates, but their connection to Navient and some consumer complaints are cause for concern.
Refinancing student loans can be a smooth process. Follow these simple tips to avoid mistakes and maximize savings.
For most student loan borrowers, a good interest rate is one that is between 2% and 4%. However, many other circumstances need to be considered.
Citizens Bank and Earnest are both heavy hitters in the student loan refinance business, but Earnest is slightly better.
Refinancing federal student loans is often a risky decision. Refinancing private student loans is a smart move as long as you are getting a better interest rate or loan terms.
Refinancing is often a risky decision. However, many couples may find that refinancing makes more sense after getting married.
Refinancing often means lower interest rates, but some borrowers should avoid a student loan refinance.
Slight differences in interest rates, loan terms, and approval chances give Splash Financial the edge over Earnest.
Splash and SoFi are very close on interest rates and loan terms. Splash Financial is slightly ahead for now, but both lenders have been at the top of our rankings.