Refinance.
One Loan | One Payment

Personal

Refinance Your Student Loans & Save

Refinance and consolidate your private and/or federal student loans at KEMBA!
Enjoy one manageable loan with a convenient payment, and potentially lower your rate.

 

Click here for our most frequently asked questions, or click here to watch a real-life story about how refinancing student loans can impact your life.

  • Fixed rates as low as 4.50% APR
  • Refinancing available up to $125,000
  • Five, ten, and 15-year terms to meet your needs
  • Choose from a fixed or variable rate
  • No origination fees or pre-payment penalties

Click here for a real-life story and find out how refinancing your student loans can impact your day-to-day life.

Contact our student loan refinancing expert.

Subject to credit qualification and additional criteria, including graduating from an approved school.

 

IMPORTANT NOTICE: By refinancing federal student loans, you may lose certain borrower benefits from your original loans. These may include interest rate discounts, principal rebates, or some cancellation benefits that can significantly reduce the cost of repaying your loans. Please review this important disclosure for more information.

 

Federal loans do offer certain benefits and protections that do not transfer to a private loan. By refinancing your federal student loans to a private loan you will lose any federal benefits that may apply to you. All loans are subject to approval and restrictions may apply. We reserve the right to change rates for new applications at any time and without notice. Credit union membership and a minimum share deposit is required. Visit kemba.org to review this important disclosure for more information.

 

VARIABLE RATE DISCLOSURE: The Annual Percentage Rate (APR) for our student loan refinance program is variable and is based on the Prime index plus a margin. The rate you receive depends upon the credit qualifications of the borrower or cosigner (if applicable) and the repayment term selected. The current offered rates are: 10-Year Repayment Term: 6.75% APR or 15-Year Repayment Term: 6.75% APR. Your interest rate is calculated by adding the Index in effect plus a Margin. Rates shown include a 0.25% discount for optional enrollment in automatic electronic payments.

 

FIXED RATE DISCLOSURE: The Annual Percentage Rate (APR) for our student loan refinance program is fixed for the life of the loan. The rate you receive depends upon the credit qualifications of the borrower or cosigner (if applicable) and the repayment term selected. The current offered rates are: 5-Year Repayment Term: between 4.50% and 5.25% APR or 10-Year Repayment Term: between 5.25% and 6.00% APR. Rates shown include a 0.25% discount for optional enrollment in automatic electronic payments.

 

The Annual Percentage Rate is subject to increase after consummation. Your Interest Rate is variable and may be adjusted quarterly on each January 1, April 1, July 1, and October 1 (Adjustment Date) based on the Prime Index as published in the Wall Street Journal on the business day of the month immediately prior to the Adjustment Date (e.g., December, March, June and September). Any increase in the Index may increase the APR and the amount of your monthly payment. The “Index” for the quarter beginning January 1st, 2019, is 5.25%, which was the Prime index published in the Wall Street Journal on the first business day of December 2018. Current offered rates are calculated using the Index and Margin value(s) in effect. Your specific Index, Margin, and/or credit approval depends upon the credit qualifications of the student borrowers or cosigner (if applicable). Applicants may apply with a creditworthy cosigner which may result in a better chance of approval and/or lower interest rate. Margin will be disclosed upon approval. This Margin is added to the index to determine the calculated interest rate. The APR will not exceed 15.00%, regardless of the index. Your interest rate is fixed and your rate and/or credit approval depends upon the credit qualifications of the student borrower or cosigner (if applicable). Your actual rate within the range stated will be disclosed upon approval. Student borrowers may apply with a creditworthy cosigner which may result in a better chance of approval and/or interest rate.

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