ISL Education Lending offers up to APR 3.94%

ISL Education Lending has fixed rates for student and parent refinance loans between 3.94% and 9.33%

A good student loan to pay your bills is a great solution to have more peace of mind with your studies or to refinance previous loans without worry. Having extra cash on hand can give you the opportunity to go to college, pay off student debt, buy supplies or for any other purpose.

ISL does not have a minimum income requirement and you can qualify if you do not have a degree or have yet to graduate. Another point is that the fixed rates for student and parent refinance loans are between 3.94% and 9.33%. – With an interest reduction of 0.25% for enrollment with automatic payment.

An interesting point is that it is possible to refinance student loans made previously, and the best is when you can get a lower rate, especially if you are in school with reduced costs, with interest also reduced and the total amount to be repaid up to 15 years.

Pros and Cons for ISL Education Lending

ISL Education Lending is available almost everywhere in the USA and they offer good interest rates and great payment terms for most students. But there is a little more to this line of credit that may convince you to get a loan and fulfill your study dreams.

Some advantages include:

  • You can refinance without a degree
  • Private, non-profit student loan lender
  • Will lend to eligible students nationwide
  • No origination fees or pre-payment penalties
  • Can apply with up to two guarantors per loan
  • You can refinance while in school or during a medical residency
  • You can see if you will qualify and what rate you will get without a credit check

ISL Education Lending is an easy-to-use system that allows almost any student to get a student loan.

Cons for ISL Education Lending

ISL Education Lending has some negative points that must be taken into consideration. The first of these is the fact that it takes a long time to clear the loan, unlike several competing loan providers. In that case, if there was a specific deferment for borrowers who re-enroll in school, it would be perfect.

Another important point is that there are no interesting flexibilities in the payment term, where you have a rigid regime. In that case, it would be interesting if there were bi-weekly student loan payments via automatic payment.

Requirements for ISL Education Lending

To qualify for refinancing with ISL, all borrowers must meet the criteria below.

  • No previous bankruptcies
  • Must have a credit score of at least 670
  • Must have US citizenship or permanent residency
  • No defaults on any private or government student loans
  • Monthly payments for approved credit cannot exceed 40% of gross monthly income
  • No write-offs, repossessions, collections, judgments, foreclosures, wage garnishments, or tax liens

How to Apply

To get this application, the best way to apply is online through the application form provided on the official ISL Education Lending website.

Before applying for a loan, make sure you have evaluated your credit report and read all the details in the fine print to avoid confusion when the monthly payment due arrives. ISL Education Lending will likely perform an affordability assessment before providing access to funds.

Credit Card
ISL Education Lending
Fixed APR 3.94% – 9.33% Minimum credit score of 670
Apply for loans from $5,000 to $300,000
Click here to Apply On credit card page
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