There are no penalties for paying off your debt early but borrowers are expected to make payments on a monthly basis.PERSONAL LOAN – RATE DETAILS, TERMS AND CONDITIONS Laurel Road is a trade name licensed by Darien Rowayton Bank (“DRB”), a Connecticut banking corporation.
Darien Rowayton Bank conducts online business activities using the Laurel Road trade name in all 50 states, Washington, D. Darien Rowayton Bank conducts local banking activities in the name of Darien Rowayton Bank in the state of Connecticut. AUTOMATIC PAYMENT Authorizing the loan servicer or lender to automatically deduct monthly payments from a bank of your choice.
Lending services provided by Darien Rowayton Bank, Member FDIC. Borrowers receive a 0.25% rate discount if they pay via Automatic Payment. FIXED APR – Standard Personal Loan Loans are available in terms ranging from 3 to 5 years, and with APRs ranging from 5.75% for a 3 year loan to 11.99% for a 5 year loan.
The company offers an interest rate discount of 25 basis points (0.25%) if you sign up for auto-pay.
Signing up for auto-pay is easy and So Fi’s customer service support staff can help you through the process if you run into any trouble. If interest rates do happen to rise, variable interest rates will be capped at 8.95% to 9.95% APR.
Instantly view loan options from $5,000 to $500,000 using our student loan refinance comparison tool.
Easily select your loan type, educational level, and loan amount to compare loan companies that meet your selected criteria.Maximum loan amount of ,000 for loan purposes of Debt Consolidation, Major Purchase, and Home Improvement. Citizen, or Permanent Resident with a valid I-551 card and meet Laurel Road underwriting criteria (including, for example, employment, debt-to-income, disposable income, and credit history requirements).Additional proof of use documentation is required to be eligible for loan amounts in excess of ,000. DISBURSEMENT OPTIONS The repayment of any loan will commence immediately after disbursement by Laurel Road.INTEREST RATES The interest rate you are offered will depend on your credit profile, income, and total debt payments.FEE INFORMATION Laurel Road has no origination fees. Maximum amount of ,000 for loan purposes of Auto Purchase, Business, Green Loan, Moving Expenses, and Other.At Lend EDU, we help borrowers compare the top student loan companies in one place.