This article focuses on the best Student Loan App. Are you a student and you are looking for the right place to borrow money? All the Loan App that will be reviewed in this article are not like other loan apps that charge you high interest. We specially handpick these loan apps that are designed for the student.
As a student, you might need money urgently and you don’t know where to get money, these apps are there to help you out by borrowing you money. The interest rate is low that you can afford it. You can go through the Loan app for students then choose the one that suits your taste.
Top 5 Best Loan App for Students
- Sofi Student Loan App
- Lendkey App
- Sallie Mae
- College Ave
- Commonbond Student Loan
Sofi Student Loan App
Social Finance, Inc. is popularly known as SoFi is an American online personal finance company. The American company provides student loan refinancing, mortgages and personal loans. Sofi was founded in August 2011 by Mike Cagney, Dan Macklin, James Finnigan, and Ian Brady. Sofi company has its headquarters in San Francisco, California, the U.S.
It is a financial institution that offers a number of loans. Although, the company is considered a “nontraditional lender“. SoFi offers students personal loans and you can borrow up to $100000 and low APRs of 6%. The platform does not require you to pay for an origination fee, pre-payment penalty or late fees.
All you have to do is to pay only interest charges on your loan, you will not be charged additional fee. The minimum loan amount is $5,000 and the maximum is $100,000.
Sofi is a student loan app that has a mobile app that is available for its users. The app enables users to perform their transactions on their mobile phones. When you have the App on your device you don’t need to visit the official website before you can request a loan or pay your loan.
To download the App on your Android phone, you can go to the Google play-store on your device to download it. You can also get the app for your iPad or iPhone in the Apple store. Sofi app is one of the best Loan App for students.
Lendkey App is a mobile app that is designed by LendKey. The company is formerly known as Fynanz Inc. It is a lending platform and online marketplace that allows people to apply for and receive private student loans, and student loan refinancing. The company also gives consumers home improvement loans from their local credit unions and community banks.
The founder of the company includes Vince Passione, Michael Stallmeyer, and Anoop Thyagarajan. It was founded in October 2007 and the headquarters is in New York City, New York, U.S., Branch in Cincinnati, U.S.
This company is a marketplace that connects borrowers with student loans from credit unions and community banks. The minimum Loan Amount is $5,000 and the Maximum Loan Amount: $300,000. You can get the App on the Google play store.
SLM Corporation is popularly known as Sallie Mae. The company is originally the Student Loan Marketing Association. It is a publicly-traded U.S. corporation that offers consumer banking. When the company as set up, it is a government entity that provides federal education loans. Presently, it is private and offers private student loans to students.
Sallie Mae company offers both undergraduate and graduate student loans. The Company has an app which is Sallie Mae App it is available for Android and iOS devices. Sallie Mae App is one of the great Loan App for students.
College Ave is one of the best student lender, it offers loans to undergrad, graduate, and parent loans. The company loan service is very simple and straightforward. The fixed loans range from 5.29% to 12.78% and variable rates range from 3.94% to 11.19%. Although, the platform does not have a mobile app presently. You can simply visit the official website to check it out.
CommonBond is one of the top best student loan platforms. The platform also has another great service they do aside from lending students money. CommonBond offers 4 repayment options that start either when you are in-school or after graduation. The interest rates for loans range from 3.69% to 9.74%. The platform offers loan to undergraduates, graduate students, and parents.