Yes, we offer rate matching! If you’ve found a lower interest rate on a Student Loan Refinance, our Rate Match Program(1) may help you secure a comparable rate. If you’re looking for rate match details on a new student loan, check out this article.
To match a competitor's rate, you’ll need to submit an application and receive a loan offer from us. If you’re approved and have a qualifying offer from another lender, let our team know, and we can start the process of matching the offer. Below are important restrictions that apply:
- We can only match offers based on our terms: between 5 and 20 years. While we aim to match offers based on these available terms, please note that other lenders may offer different term options that we may be unable to match.
- We’re unable to match rate estimate results or preliminary rate offers. You need to have a competitor's loan offer issued either 15 days prior to and/or within 30 days of an Earnest approval that has not already been disbursed.
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You must provide a screenshot or a copy of your final loan agreement or document from another lender. The document must legibly show:
- Your full name and the name of your cosigner (if applicable).
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The approved terms of the loan, which must align with your approved Earnest offer and include:
- The loan term length.
- If the loan is cosigned or primary-only.
- The loan amount (a lesser approved amount is acceptable, but we are unable to match an approval for a greater amount).
- The contractual interest rate must be shown (excluding any discounts for Auto Pay or good grades). Please note that we do not match variable rates on refinance offers.
- We’re unable to match rates lower than our headline rates. Currently, the lowest variable and fixed rates we offer for Student Loan Refinancing can be found here.
- In some states, the regulations on variable rates are not aligned with our current rate ranges. As a result, we don’t offer variable rates in these markets.
If you have any questions or would like to start the process, please click the Get In Touch button at the bottom of this page.
1- Terms and conditions apply. To qualify for this Earnest Rate Match offer: 1) you must submit a completed student loan application; 2) you must provide documentation of an eligible competitive rate offer exclusive of all discounts by calling Client Happiness at (888) 601-2801 or chat on Earnest.com and follow the instructions to send in your proof of lower rate, and 3) you must provide a valid email address during the application process.
Earnest loans are serviced by Earnest Operations LLC with support from Navient Solutions LLC (NMLS #212430). Earnest LLC and its subsidiaries, including Earnest Operations LLC, are not sponsored by agencies of the United States of America.© 2022 Earnest LLC. All rights reserved. Earnest reserves the right to change or discontinue this program at any time without notice.