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Credible Reviews

9.2

Compare Personalized Prequalified Rates at Once

Written by Steve Chen

About Credible | Read More

LS Score

Credibility

Support

Accessibility

View Rates

Opening Hours

Mon-Thur 6am-6pm PT

Fri 6am-4pm PT

Sat-Sun 7am-4pm PT

Contact Information

support@credible.com
(866) 540-6005
Headquarters: 22 4th St., 8th floor, San Francisco, CA 94103

Social Media

LS Score

Credibility

Support

Accessibility

View Rates

Opening Hours

Mon-Thur 6am-6pm PT

Fri 6am-4pm PT

Sat-Sun 7am-4pm PT

Contact Information

support@credible.com
(866) 540-6005
Headquarters: 22 4th St., 8th floor, San Francisco, CA 94103

Social Media

Credible Personal Loans Review

With finance partners like LendingClub, Discover, and Citizens, Credible justifies its brand name by offering a transparent platform to browse APRs from nation’s leading lenders.

Credible lending platform has simplified the process of browsing for lenders with an intuitive layout and a minimalist loan application questionnaire. Credible works with various lenders with different risk profiles, making it possible for borrowers with bad credit to get funded with a personal loan. Here’s our first hand experience of the brand’s loan search engine.

Credible Personal Loans Highlight

550

Min Credit Score

6.94-35.99%

APR. Fixed Rate

6.94-35.99%

APR. Variable Rate

$1K-$200K

Loan Amount

1-10 years

Repayment terms

Yes

Soft Credit Pull

Marketplace

Lender Type

Yes

Other Fees

Varies

Origination Fee

Varies

Prepayment Fee

Within 5 working days

Funding Time

Pros & Cons

Great for Comparing Lenders
Fast and Easy
Secure 256-bit encryption

Fees Vary
Other Variable Info
Terms are Limited

Loan Purpose

Credit Card Refinance
Debt Consolidation
Home Improvement
Medical Expenses
Relocation
Vacation
Wedding

Loan Type

Unsecured Personal Loans
Fixed-Rate Personal Loans
Variable-Rate Personal Loans
Co-singer / Joint loans

View Rates

Credible Personal Loans Terms & Requirements

Credible connects you with 17 personal loan lenders on their platform, so you can be flexible while choosing the terms and requirements. Lenders on Credible provide debt consolidation loans, personal loans for bad credit, home improvement loans, marriage loans, and credit card refinancing.

How To Apply

To get the prequalified rates from credible lenders, you need to –

*For illustrative purposes only, actual results may vary.

Create an account with Credible with your email id. You must accept Credible’s Terms of Use, Privacy Policy, and Automated Phone and Text Consent.

Qualification Requirements

Credible works with multiple lenders to find the best personal loan deal for you. The qualification requirements for personal loans on Credible depends upon the lender you choose, your circumstances, and your credit requirements. You can get personalized rates and terms within 3 minutes by filling out an easy online application.

Required Information

The credible prequalification process is fast and straightforward. You must complete an online questionnaire describing your credit requirements and personal details. Be ready with the following information while filling out the three-minute application form.

Name, date of birth, and address.
Educational qualifications and employment information
Credit requirements and loan purpose
Income and debt information
Rent/mortgage payment detail

Once you select the lender, you may need to provide the following documents to the lender for processing your loan.

Income proof –Income tax returns, pay stubs, bank statements, W-2s, and 1099s.
Address proof– Utility bill, voter registration card, insurance card.

Identity proof – Social Security Number, driver’s license, college enrolment certificate, work permits.

Application Steps & Time Frames

Credible has digitized the entire loan process, making it a cakewalk to browse and apply for a new personal loan. Most lenders on Credible provide funds within 24 hours of application. However, some lenders may take up to a week, depending on the complexity of your loan application. After you complete the three-minute questionnaire, you can get a personal loan in four simple steps.

Choose lender-The credible dashboard will show you all the best instant prequalified rates based on your loan application.

Accept loan terms – You must accept the loan terms and submit the uniform application generated through Credible. You may need to give your consent for a hard credit check.
Submit documents – From this stage, the loan process is shifted to individual lenders, and you need to coordinate with your lender for further processing. You can contact Credible for any help.
Get funded – You will get funds in your bank account within 1-3 days.

State Availability

Available - Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming

Not Available - Hawaii, New York

Credible Debt Relief Review

Credible Debt Relief Highlight

$600

Minimum Debt Amount

$600-$200K

Loan Amount

4.60-35.99%

APR. Fixed Rate

4.60-35.99%

APR. Variable Rate

N/A

Soft Credit Pull

Marketplace

Lender Type

N/A

Other Fees

Varies

Origination Fee

Varies

Prepayment Fee

Pros & Cons

Great for Comparing Lenders
Fast and Easy
Secure 256-bit encryption

Fees Vary
Other Variable Info
Terms are Limited

Debt Relief Product Types

Debt consolidation loans

Visit Site

How to Apply

State Availability

- Available in all states

Credible Mortgages Review

Credible is a pioneer of loan search engines, helping borrowers browse home loan rates without affecting their credit score. The lender marketplace matches your funding requirements with mortgage products from 15 finance partners through a simple 3-minute online form. You can shop for the best quotes, negotiate directly with the lender, and download a pre-qualified offer letter instantly.

Credible Mortgages Highlight

620

Min Credit Score

7.17-8.22%

APR. Fixed Rate

$20K-$5M

Mortgage Amount

5-30 years

Repayment terms

Yes

Soft Credit Pull

Marketplace

Lender Type

Varies by lender

Underwriting Fee

Yes

Other Fees

Varies by lender

Origination Fee

Varies by lender

Prepayment Fee

1-4 Weeks

Funding Time

1681273

NMLS

Mortgage Refinance

5.4-7.3%

APR. Fixed Rate

3.3-5.5%

APR. Variable Rate

$50K-$5M

Mortgage Amount

Home Equity

5.9-7.2%

APR. Fixed Rate

3.3-5.5%

APR. Variable Rate

$20K-$1M

Mortgage Amount

Pros & Cons

Secure and private loan application process
Neat layout and easy navigation
3-minute application without hard check

Limited options for government backed home loans
Credible doesn’t operate in several large states
No face-to-face customer support
Poor after sale services

Mortgage Type

Mortgage Purchase
Mortgage Refinance
Fixed
Adjustable
Home Improvement
Home Equity Loan
Home Equity Line of Credit
FHA
USDA
Jumbo

View Rates

Credible Mortgages Terms & Requirements

Credible offers conventional loans, as well as government-sponsored mortgages like FHA, or Jumbo loans and, New American Funding Mortgage.

You can finance a new primary residence, a second home, or an investment property for as low as 5.4% APR for a 30-year fixed mortgage, even if you have a low credit score. You can also choose between 10, 15, 20, and 30-year terms on fixed and variable rates. The loan terms and APR depend on your credit score, home price, and income. The platform is also a great place to refinance your existing mortgage. Some lenders also offer secondary mortgages on your current home equity, known as cash outs on home equity or Home equity line of credit (HELOC).

Credible is conscious of its lending partners and only works with top lenders from each category. While LendingTree has over 300 lenders on board, Credible works with less than 20 banks, credit unions, and fintech companies. This has a great impact on the borrower’s experience through the brand’s loan discovery process.

It is easier to choose a mortgage that fits the bill because Credible removes many information barriers for the average borrower. The actual prequalified rates are neatly arranged and accurately reflect the personal needs of the borrower. The judicious choice of lenders also helps serve a wide range of borrowers with varying needs.

How to Apply

Credible has streamlined the loan application process, making it a breeze to get personalized prequalified options. The first step is to create an account with Credible with an email ID and password. It could help you to get personalized prequalified rates, upload loan documents, communicate with lenders, and seek Credible customer support.

The next step is to start the Credible Mortgage questionnaire, which helps discover the best available offers for your circumstances. The questions are automatically generated based on your inputs in a concierge-type format. Select “Home Loans” if you are a new borrower or Mortgage Refinancing if you want to refinance an existing mortgage or make structural improvements/refurbishments to your existing property.

Credible Mortgage step 2 what are you looking for

Credible Mortgage step 4 property details

Credible Mortgage step 3 tell us about you property

Credible Mortgage step 5 property details

Credible Mortgage step 6 Available offers

*For illustrative purposes only, actual results may vary.

Most options have a drop-down menu, making it a pain-free experience to get quotes quickly. However, you may need to type in certain information like property address, Social Security Number, and other personal information.

If you want a personal loan with your existing home equity as collateral (HELOC), choose Home Refinance and then the Cash Out option.

Once you complete the questionnaire, you will see a list of available offers from all lenders on Credible. For easy browsing, you can filter the offers by APR, fees, monthly payments, loan type, and loan terms.

You can select any loan, submit documents, and collect an in-principle sanction letter to help you book a new home.

Income proof –Income tax returns, pay stubs, bank statements, W-2s, and 1099s.
Address proof– Utility bill, voter registration card, insurance card.
Identity proof – Social Security Number, driver’s license, Voter ID.

Qualification Requirements

Credible is a marketplace consisting of multiple lenders with varying specializations and risk profiles. Most requirements are interchangeable, and the final loan terms depend on your income, expenditure, existing debt, home value, insurance, credit score, and down payment amount. It is possible to get financed for a home loan even with low credit scores or income.

Min. Credit score	620
Max. Debt-to-Income Ratio	50%
Min. annual income	15000
Citizenship/residency Required?	US Citizens or Permanent Residents
Min. Applicant/Co-borrower Age	18
Minimum Downpayment	Conventional Loans-8% FHA loans-3.5%
Bankruptcy	No Bankruptcy in Last 24 months

Required Information

The Credible loan questionnaire is pertinent to the needs of the borrower, and you may need to answer the following questions to get the most relevant rates and loan terms.

Questions on Property for Home refinancing

What property audio refinancing?
How are you using this song? Primary residence secondary residence investment property
What is the property type? single family townhouse, condo, manufactured home/mobile home
What is the estimated property value?
What is the estimated mortgage balance?
What type of mortgage do you currently have?
Do you have a second mortgage on the property you are refinancing?
How much do you pay in homeowners insurance?
Are you paying HOA fees on the property?

Quotations on applicant/co-borrower’s income

Do you want to add a co-borrower for this refinance/mortgage?
What are the sources of the applicant/co-borrower’s income?
What is the applicant/co-borrower’s total pretax income?
How much do the applicant/co-borrower have in assets?

In the age of information overload, Credible takes a pragmatic approach to improve the customer experience instead of focusing on collecting data. The company refrains from the Bait and Switch tactics used by most lender marketplaces. You won’t be receiving annoying calls or texts after providing your information to the platform. Credible also provides instant prequalified rates, so you can confidently plan your purchase.

Application Steps & Time Frames

After getting a pre qualified offer, you can expect to complete the loan process within 1-3 weeks, depending on your loan amount and verification timelines.

Apply Online – Sign into Credible, and fill up the loan application form.
Shop for Quotes – You may get multiple offers with varying loan terms from the same/different finance partners.
Accept Pre Qualified Offer – You can download the prequalified sanction letter (required by your real estate agent) by accepting the loan terms.
Negotiate Loan Terms – You may directly contact the lender to negotiate a better loan term.
Submit Documents – You can submit scanned copies o
Complete Underwriting Process – The lender will conduct a thorough appraisal, property inspection/valuation, hard credit check, and income/assets verification.
Receive Funds – Once the underwriting process is completed, you/the home seller, will receive the funds for the property purchase.

State Availability

Not Available - Hawaii, New York

Credible Auto Loans Review

Searching for Auto Loans through a dedicated marketplace is one of the easiest and quickest ways to find an auto loan that is right for you. Credible has partnered with 17 auto loan providers to offer a wide range of auto loan options. Furthermore, the auto loan providers that Credible has partnered with include some of the industry’s largest and most respected names, including SoFi and Penfed. Credible’s personal loan marketplace also offers auto loans for people with bad credit ratings, so there should be something available for all budget ranges.

Credible Auto Loans Highlight

580

Min Credit Score

4.60-35.99%

APR. Fixed Rate

$600-$100K

Loan Amount

1-7 Years

Repayment terms

Yes

Soft Credit Pull

Marketplace

Lender Type

N/A

Other Fees

None

Origination Fee

None

Prepayment Fee

3 days

Funding Time

Auto Loan Refinance

Min 4.60%

APR. Fixed Rate

Pros & Cons

Simple, streamlined prequalification and application process
Live customer support (uncommon among loan marketplaces)
Several other loan types are available

No official auto purchase or refinancing loans — only personal loans
Not a direct lender

Auto Loan Types

Secured Auto Loans
Unsecured Auto Loans

Vehicle Types

Car
Motorcycle

View Rates

Credible Auto Loans Terms & Requirements

As Credible is a marketplace lender that lets you compare auto loans from multiple providers, terms and conditions will vary from partner to partner. Despite Credible not having control over the terms offered, the following requirements are in place to be eligible for an auto loan through the marketplace:

US citizen or permanent resident
A credit score of at least 580
18 years of age or older
Must be able to prove a steady stream of income

Credible partners with the following lenders that can provide auto loans through the marketplace.

Avant
Axos Bank
Best Egg
Freedom Plus
Happy Money
Lending Point
Light Stream
One Main Financial
PenFed
SoFi
Universal Credit
Upgrade
Upstart

Repayment terms vary across providers, but there are many flexible options available for borrowing for between one and seven years. APR terms range from a very reasonable 4.60% for those with excellent credit ratings to a whopping 35.99% for those with poor credit ratings. If you are offered an auto loan with an APR of 35.99%, we recommend you keep looking for an alternative, as the interest payable will be very high.

How to Apply

We wanted to apply for an auto loan and chose Credible because the company is a marketplace that only partners with large, well-respected loan providers. Upon visiting Credible’s website, we were impressed by how clear and easy the site was to use.

*For illustrative purposes only, actual results may vary.

We entered the amount we wanted to borrow and hit “Find My Rate” to get started. Doing so took us to the personal loans application, where we selected that we wanted a loan for car financing. We were then asked about our education level, employment status, and income. Then, we were asked to give our personal details, including name, address, income, housing status, and SSN.

After entering our phone number, we submitted our search and were presented with the range of auto loan options available to us. As with the application process, the website is clean and user-friendly, making it easy to compare the results. We chose the loan with the terms we wanted, and after selecting this, we uploaded our documents to prove our ID and income. We also provided bank account details so that we could receive the funding.

We agreed to Credible running a hard credit check, after which we received approval for the loan. All that was left was to sign this documentation, and we received the funding two days later.

The process was quick and easy, and the loan options we received were competitive in today’s marketplace.

Qualification Requirements

A minimum credit score of 580
At least 18 years old
Citizen or permanent resident of the US
Regular, verifiable income

Required Information

You must provide the following to be considered for an auto loan through Credible’s marketplace:

Proof of ID
Driver’s license
Proof of income
Proof of address
Insurance documentation

Application Steps & Time Frames

It took us five minutes to apply for prequalification with Credible. After prequalifying, uploading all of the supporting documentation requested took another five minutes. Once this was complete, we received the funding within two days. The process was quick and easy, with no points of improvement noted.

State Availability

- Available in all states

Credible Business Loans Review

Credible Business Loans Highlight

600

Min Credit Score

Min 5.99%

APR. Fixed Rate

5.99-35.99%

APR. Variable Rate

$1K-$200K

Loan Amount

24 - 84

Repayment terms

Yes

Soft Credit Pull

Marketplace

Lender Type

None

Other Fees

None

Origination Fee

None

Prepayment Fee

$10K

Annual Revenue

New

Time in Business

Pros & Cons

Two minute application process
No hard credit check for prequalified rates

Not available in New York and Hawaii
BBA rating of 1.27 stars out of 5

View Rates

How to Apply

State Availability

- Available in all states

Credible Student Loans Review

Credible is a marketplace lender that helps you compare student loans from multiple trusted providers. Unlike many other marketplace lenders, Credible allows you to prequalify with a soft credit pull that won’t affect your credit score.

The financial marketplace is also known for its fee transparency, as the company doesn’t partner with student loan providers that charge fees or prepayment penalties. While Credible doesn’t partner with every single student loan provider, the ones that it does have on its marketplace give an excellent idea of the range of student loan options available.

Credible Student Loans Highlight

660

Min Credit Score

3.45-17.99%

APR. Fixed Rate

4.50-17.99%

APR. Variable Rate

$2K-$500K

Loan Amount

5-20 years

Repayment terms

Yes

Soft Credit Pull

Marketplace

Lender Type

Yes

Other Fees

Varies

Origination Fee

Varies

Prepayment Fee

20 days

Funding Time

Student Loan Refinance

3.85-12.10%

APR. Fixed Rate

4.70-13.44%

APR. Variable Rate

Min $5K

Loan Amount

Pros & Cons

Can refinance Parent PLUS loans
Quickly compare multiple lending partners on a single platform
Get your rate and find out if you qualify with a soft credit pull
Some lending partners will refinance student loans without a degree

Same interest rate as going directly through lender
Those with high debt-to-income ratios may find it challenging to find a lender

Student Loan Type

Private student loans
Student loan refinance

Visit Site

Credible Student Loans Terms & Requirements

Credible offers a marketplace for student loan providers, so by applying through Credible, you can see student loan terms for up to 9 different lenders. Specific terms and conditions will vary from lender to lender, but to apply for a private student loan through Credible, you will need to meet the following terms:

Have a good credit score. Credible does not stipulate what rating is required, but we estimate that you will need a minimum score of 660 to qualify (or have a co-signer that meets this criterion)
Have a qualifying income and debt-to-income ratio (or have a co-signer that meets this criterion)
Be enrolled in an eligible education program
Be a US citizen or permanent resident with a Social Security Number
Be 18 years of age or older (if applying without a co-signer)
Only use the loan funding for educational purposes

Due to these criteria, most applicants will likely require a co-signer.

To apply for student loan refinancing, the same terms broadly apply across all providers. You will need a good credit rating, income that can be verified, and a debt-to-income ratio of lower than 50%. You will also have to provide full details of your existing student loans.
Each individual student loan provider has different loan terms and requirements. We were impressed that Credible has only partnered with large, established student loan providers, and we also liked that Credible doesn’t partner with any lenders that charge origination fees, application fees, or prepayment penalties.
Also, there is an extensive range of repayment terms available from between 5 and 20 years. Therefore, across all partners, you should be able to find a student loan or loan refinancing that meets your needs.

The range of accurate prequalified rates offered through Credible is excellent, with some of the most competitive student loan refinancing rates we have seen. This is the benefit of using a marketplace lender, and as such, we recommend that you consider using Credible if you need a student loan or student loan refinancing.

How to Apply

We wanted to apply for a student loan as a co-signer. Hence, we decided to use Credible due to its established partners and there only being one quick application to complete to prequalify.

The Credible website makes it easy to start the process, and we clicked the co-signer button to get started. We chose that we were a new user and were greeted with a basic form to get started.

*For illustrative purposes only, actual results may vary.

This was followed by completing our date of birth, phone number, and address. We stated that we were a US citizen and entered the details of our monthly housing payment. Finally, we entered our household income details, entered our email address, and created a password to sign up for a new account.
At this point, we were asked to invite the student we were co-signing for into the process.

You can either wait for the student to complete their section via email, but as we were with the student, we proceeded with the application together. After entering the same basic details as the co-signer, we had to enter details of the university being attended and the degree being obtained, including the term that we needed the loan for.

We then selected our loan amount, and Credible searched among its lenders for the best information. This then presented the range of options that were available to us.

There were several different loan options within the range we were looking for, so we had to research these providers individually to see which suited our needs best. After this research, we selected the provider that met our repayment term needs.

At this stage, we formally applied for the loan we wanted and uploaded all of the required documentation, including proof of income, proof of ID, and bank account details. The student also completed this we were co-signer for.

While the application wasn’t the quickest process we have encountered, it was easy to complete. The website structure is very tidy and made applying straightforward. In total, the process took less than ten minutes to complete, with approval for the loan being received within a day.

Required Information

To be considered for a private student loan or student loan refinancing through Credible’s marketplace, you will need to provide the following information:

Name
Address
Date of birth
Social Security Number
College
Degree
Phone Number
Email Address
Income details
Housing expenditure details

State Availability

- Available in all states

Written by Steve Chen

Steve is an online marketing and publishing veteran with over two decades of experience in the financial sector. With a BSc in Business & Management from the University of Maryland and an MBA in Business Finance from the University of Pittsburgh, Steve went on to serve in various senior marketing and business development roles. Now specializing in online content creation, he writes about a wide range of financial topics.

FAQ’s

Which lenders are available on Credible for personal loans?

There are currently 17 personal loan lenders on the Credible Platform including: 60monthloans, Avant, Best Egg, bhg, Discover Personal Loans, Happy Money, LendingClub, LendingUSA, LightStream, OneMain Financial, Reach Financial, SoFi, splash, Universal Credit, Upgrade, Upstart., and Zable.

What are the eligibility requirements for a personal loan?

Any US citizen or permanent resident, 18 years or above, can apply for a personal loan through Credible. Other loan requirements depend on specific lenders. Lenders like Avant and Lending Point may provide a personal loan for borrowers with credit scores below 600.

How much can I borrow with a personal loan?

The amount you can borrow depends on your current income, debt-to-income ratio, and the lender you choose. Banks and credit unions on Credible lend up to $100,000 as a personal loan.

Does Credible charge commission/fees on its products?

Credible does not charge users for its services. However, the platform gets paid by lenders for every loan/insurance application fulfilled on its network.

Customer Support

Credible is a great listener. The company actively supports its customers throughout the loan process. You can contact Credible through phone or email support if you need help finding the right product, seeking after-sale services, claiming the best rate guarantee, raising a dispute, or opting out from its data collection engine. The company does not provide live chat services. However, you can leave a query, and the support team will get back to you within two working days.

A utopian goal of self-serving platforms is to try to make their process flawless and eliminate the need for customer support. Credible has achieved a lot in this regard through its blog, which contains a wealth of information on common questions-negating the need to contact customer support in the first place. The entire loan evaluation process and lender dashboards are information-rich, so you are never left in the dark.

Privacy & Security

Credible shares your personal information for marketing purposes with other companies. Apart from the self-provided information, the platform may automatically collect your log file information, location information, and additional technical information through cookies. The company indemnifies itself against any liabilities arising out of information misuse. You can limit information sharing for marketing purposes by contacting their support team or opting out through an online link for each device.

In Conclusion

Credible distinguishes itself from the herd by listening to its users and solving little problems that can make a big difference to the customer experience. Transparency has to be the brand’s strongest point, with tons of information on its lending partners, privacy policies, and product matching algorithms. The application process is thoughtfully designed to minimize information requirements for prequalified rates.

The platform also works with a variety of lenders, covering almost all personal, student, and home loan requirements. Most borrowers have praised Credible for its straightforward and seamless evaluation experience in Trustpilot, with a TrustScore of 4.3 from 5200+ reviews. However, many people complained about its lengthy loan process in Better Business Bureau, where it has a dismal score of 1.27 stars out of 5 from 15 reviews.

Being a top lender aggregator platform, we expected better default privacy standards from Credible. Credible follows the standard industry convention of collecting and sharing data with non-leading partners for marketing purposes. However, the brand is transparent about the data it collects and allows users to opt out of marketing data feeds.

Overall, Credible is bold in approach and fast in execution. You can get prequalified APRs within two minutes and get funded as fast as 24 hours with some lenders. Even if you do not choose Credible for a loan, you can get a birds-eye view of current market APRs without affecting your credit scores.

Brand Disclaimer

Personal Loans Rate and Terms Disclosure: Rates for personal loans provided by lenders on the Credible platform range between 6.49% – 35.99% APR with terms from 12 to 120 months. Credible also works with network Partners like MoneyLion and AmONE, who offer loan and other products with different rates and terms than described here. Rates presented include lender discounts for enrolling in autopay and loyalty programs, where applicable. Actual rates may be different from the rates advertised and/or shown and will be based on the lender’s eligibility criteria, which include factors such as credit score, loan amount, loan term, credit usage and history, and vary based on loan purpose. The lowest rates available typically require excellent credit, and for some lenders, may be reserved for specific loan purposes and/or shorter loan terms. The origination fee charged by the lenders on our platform ranges from 0% to 12%. Each lender has their own qualification criteria with respect to their autopay and loyalty discounts (e.g., some lenders require the borrower to elect autopay prior to loan funding in order to qualify for the autopay discount). All rates are determined by the lender and must be agreed upon between the borrower and the borrower’s chosen lender. For a loan of $10,000 with a three year repayment period, an interest rate of 7.99%, a $350 origination fee and an APR of 10.43%, the borrower will receive $9,650 at the time of loan funding and will make 36 monthly payments of $313.32, assuming your lender deducts the origination fee from the offered loan amount. Assuming all on-time payments, and full performance of all terms and conditions of the loan contract and any discount programs enrolled in included in the APR/interest rate throughout the life of the loan, the borrower will pay a total of $11,279.43. As of March 3, 2022, none of the lenders on our platform require a down payment nor do they charge any prepayment penalties.

Student Loan Rate and Terms Disclosure: Rates displayed include Automatic Payment and Loyalty Discounts, where applicable. Note that such discounts do not apply while loans are in deferment. The lenders on the Credible.com platform offer fixed rates ranging from 3.85% – 11.38% APR and Variable interest rates from 4.33% – 12.35% APR. Variable rates will fluctuate over the term of the borrower’s loan with changes in the Index rate. The Index will be either LIBOR, SOFR, or the Prime Rate. Rates are subject to change at any time without notice. Your actual rate may be different from the rates advertised and/or shown above and will be based on factors such as the term of your loan, your financial history (including your cosigner’s (if any) financial history) and the degree you are in the process of achieving or have achieved. While not always the case, lower rates typically require creditworthy applicants with creditworthy co-signers, graduate degrees, and shorter repayment terms (terms vary by lender and can range from 5-20 years) and include Automatic Payment and Loyalty discounts, where applicable. Loyalty and Automatic Payment discount requirements as well as Lender terms and conditions will vary by lender and therefore, reading each lender’s disclosures is important. Additionally, lenders may have loan minimum and maximum requirements, degree requirements, educational institution requirements, citizenship and residency requirements as well as other lender-specific requirements. Lenders will conduct a hard credit pull when you submit your application. Hard credit pulls will have an impact on your credit score.

Student Loan Refinancing Rate and Terms Disclosure: The lenders on the Credible.com platform offer fixed rates ranging from 3.85% – 11.38% APR . Variable interest rates offered by the lenders on Credible.com range from 4.33% – 12.35% APR. Variable rates will fluctuate over the term of the borrower’s loan with changes in the Index rate. The Index will be either LIBOR, SOFR, or the Prime Rate of interest as published in the Wall Street Journal (WSJ). The maximum variable rate on the Education Refinance Loan is the greater of 21.00% or Prime Rate plus 9.00%. Rates are subject to change at any time without notice. Your actual rate may be different from the rates advertised and/or shown above and will be based on factors such as the term of your loan, your financial history (including your cosigner’s (if any) financial history) and the degree you are in the process of achieving or have achieved. While not always the case, lower rates typically require creditworthy applicants with creditworthy cosigners, graduate degrees, and shorter repayment terms (terms vary by lender and can range from 5-20 years) and include loyalty and Automatic Payment discounts, where applicable. Loyalty and Automatic Payment discount requirements as well as Lender terms and conditions will vary by lender and therefore, reading each lender’s disclosures is important. Additionally, lenders may have loan minimum and maximum requirements, degree requirements, educational institution requirements, citizenship and residency requirements as well as other lender-specific requirements.

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