Refinance your student loans with CommonBond

Rates start as low as 1.94% APR (with auto pay discount).4

"It was very easy to go through the CommonBond website and apply for the loan."

– Chan '13, CommonBond borrower

Rates and Terms

Choose the loan that works best for you and your situation.

Variable Rates Icon

Variable Rates4

1.94% APR
4.93% APR

(with auto pay discount)

  • Lowest rate available
  • Rates are tied to 1-month LIBOR
Fixed Rates Icon

Fixed Rates4

3.74% APR
6.49% APR

(with auto pay discount)

  • Rates and payments never change
  • Lock in a low rate
Hybrid Rates Icon

Hybrid Rates4

4.14% APR
5.64% APR

(with auto pay discount)

  • Low, fixed rate for the first 5 years

  • Variable rate for the last 5 years
See All Rates and Terms >

Loan Features

  • Consolidate your loans

    Consolidate all of your grad and undergrad loans into one monthly payment.

  • Unemployment protection

    If you hit hard times you may be eligible for forbearance and can temporarily postpone making loan payments.

  • No pre-pay penalty

    You can prepay the loan or pay more than the minimum payment amount with no penalty.

  • No origination fee

    No origination fee. No hidden fees. No fees. Period. You get the picture.

  • Easy 7-minute application

    Apply in less time than it takes to make a cup of coffee.

  • CommonBridge

    If you lose your job, we'll help you find a new one.

How the Grad Refinance Loan™ Works

Get Started

Applying is easy and only takes 7 minutes to see if you're credit approved. We ask for basic information like name, address, what school you attended and job info.

Apply Online
Credit Check

After your credit gets pulled, if all is good, you’ll be shown your rate for the loan product you selected. (Note: the rate you are shown includes a 0.25% discount that you can get when you sign up for auto pay.)

Credit Report - Approved?
Upload Documents

Next, we need to check out a few docs. You can send screenshots or pictures from your phone!

(Note: it sometimes takes up to 5 business days to verify these docs on our end.)

Pay Stub or Tax Returns
Pay Stubs or Tax Returns
Diploma or Transcript
Diploma or Transcript
Student Loan Bank Statement
Student Loan Bank Statement
Proof of Residence and/or ID
Proof of Residence and/or ID
E-Sign Loan

At this point you can e-sign a few loan documents and...

BOOM! You're now a part of the CommonBond community of borrowers.

Save Money!

The final step is for us to pay off your existing lenders and save you money! This takes about 2 weeks from the time you accept the loan. Don't forget to sign up for auto pay and lower your rate by 0.25%!


Common Questions

  1. What's better: a fixed or variable rate loan?
  2. Is the rate the same for all graduates or do they vary based on credit score?
  3. Can I prepay my loan in full or partially, without incurring a penalty?

Still Have Questions?

Speak with someone on our Care Team, or check out the FAQ and Glossary pages.


See your savings today.

See My Rate

Saving is believing.

Refinancing your student loans with CommonBond can save you around $14,000.6 (No joke!)


You’ve put in the hard work. Now stop putting in too much money.

Variable Rates4

Rates start from 1.94% APR to 4.93% APR (with autopay)

Fixed Rates4

Rates start from 3.74% APR to 6.49% APR (with autopay)

Hybrid Rates4

Rates start from 4.14% APR to 5.64% APR (with autopay)

  • No Hidden Fees

    No application fees. No origination fees. Nothing that ends with the word “fees.”


    Prepay your loan or pay more than the minimum with no penalty.


    If you lose your job, we’ll pause your payments, and even help you find work.


    SSL encryption ensures the safety and confidentiality of your information.


Just 4 steps to a better loan.

  • Tell Us About Yourself

    Fill out our easy application.

  • Get Your Rate

    Find out how much you will save in minutes.

  • Upload Documents

    Upload files, photos, or screenshots to confirm your identity and loan information.

  • Save Money

    Borrowers save $14,000, on average. Cha-ching!


Customer Care is at the heart of CommonBond. Real people, real experts, real care.

Frequently asked questions >