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Credible

Credible offers a free platform for clients to compare terms and rates from several other private student loan lenders. Potential borrowers can access personalized rates using the online prequalification tool.

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Credible Review

Credible offers a free platform for clients to compare terms and rates from several other private student loan lenders. Potential borrowers can access personalized rates using the online prequalification tool.

Credit conducts a soft prequalification check on its online platform. Prequalification is a necessary step to get personalized rates and a list of student loan offers within the client's budget. Surprisingly, the qualification check does not affect clients' credit scores.

Credible has partnered with private student loan lenders like Citizen Bank, Ascent, College Av, Discover, MEFA, INvestEd, EDvestinU, and Sallie Mae to create one platform. The downside is that many of the Credible partners request a minimum credit score of 680 to qualify for loans.

Borrowers with a good credit score can get fixed APR student loan rates of as low as 3.20% and variable APR rates starting from 0.94%. However, note that the lenders on this platform offer varying APR, rates, specific programs, and terms and conditions.

Credible has no partnership with private lenders that charge prepayment penalties and origination fees on student loans. The loans offered by Credible partners include:

· Undergraduate

· Graduate

· Parent student loans

· Medical school

· Law school

· MBA

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Credible