Is consolidating student loans good for credit score
So Fi aims to help undergraduate and graduate borrowers lower their monthly payments and obtain lower interest rates.
The company offers an interest rate discount of 25 basis points (0.25%) if you sign up for auto-pay.
When evaluating offers, please review the lender's Terms and Conditions for additional details.
If the requirements above sound good, we think that you are a great applicant for student loan refinancing and consolidation.
Each lender has its own specific underwriting criteria, so you may have a higher chance of approval at certain lenders.
Lenders generally have a range of available APRs (for example, a lender's range might be 3% to 10%) and only borrowers with excellent credit will qualify for the lowest rate available.
Your actual APR will depend upon factors evaluated at the time of application, which may include credit score, loan amount, loan term, credit usage and history.