Our Rate Check tool is available for Student Loan Refinancing and Personal Loans and provides applicants with potential rate estimates before applying. The rate check comprises the first section of the application, and results are valid for up to 7 days from the day you initially check your rates.
It is important to note that these tools can only consider a limited amount of self-reported information and a portion of your credit profile. Any rate estimates provided after filling out the rate check tool are not pre-approved or guaranteed.
If we can provide rate estimates and verify the information using documentation or electronic records during a full application review, you should see similar rates offered if you are approved. If you do not see rates after completing a rate check, feel free to check out this article here.
Will checking my rate impact my credit score?
Our Rate Check is always a soft credit inquiry and will never hurt your credit profile. However, submitting a full application will provide consent for us to perform a hard credit inquiry and may affect your credit profile. Lenders typically make a hard credit inquiry (or hard credit report) on your credit as part of the review process because it gives consent for the financial company to review your full credit history.
Regardless of the result of your application, a hard credit inquiry may lower your credit score by a few points and will remain on your credit report for two years. We invite you to reach out directly to one of the credit bureaus to see how applying may impact your financial profile.
When will I see the final rate offer?
The interest rates you may receive are based on your full personal and financial profile. If you apply for Student Loan Refinancing with a cosigner, their financial profile will also be considered. The specific interest rates, terms, and repayment plans would become available after a full review has been completed and after a potential offer is extended.