Splash Financial Student Loans Review

Many students have sought to take out student loans to avoid the risk of not being able to pay their college fees and having to interrupt their studies. So, before applying for your student loan, keep in mind your costs over the period you are studying.

To get the education you want, you need the resources and funding you need to complete it, and with tuition and housing costs ever increasing, student loans have been the most indicated and necessary resource.

Thus, the student loan is seen as an investment, which allows students after graduation to get jobs with better pay and recover the money spent over the years quickly.

To help you with this decision, we have separated the main benefits and information about the Splash Financial Student Loan. Know its advantages, rates and interest, terms and how to apply for your case that is your final decision.

Who is Splash Financial Student Loans best for?

A private lender allows you to get your student loan or refinance your loan reliably and with better rates and payment and repayment flexibility. So, if you are looking for funding for your studies, Splash Financial Student Loan is the best option.

In addition, Splash Financial Student Loan is the best loan option for doctors and dentists looking for more flexible terms to take out their professional loans, with customized payment plans that meet their specific needs.

What are the main benefits of Splash Financial Student Loans?

Discover the main benefits offered by Splash Financial Student Loan:

Offers deferral or forbearance: Splash Financial Student Loan allows you to defer loan payments for a certain period of time, which is a great advantage in case something unforeseen happens or the student needs to focus and concentrate on their academic life. To get a deferral you need to fill out an application with the lender.

You can count on an account representative: each applicant has an account representative to answer all your questions and help you work towards getting your loan, as well as which option is best for you.

Loan Refinancing: Splash Financial Student Loan provides loan refinancing that can help students lower monthly payments and save money.

Flexible and Personalized Credit Check: When applying for a loan, Splash Financial offers loans tailored to your specific needs, offering a fully personalized service. Also, the company performs a gentle credit check, which will not reflect negatively on your score.

You can pre-qualify for more than one lender: Splash Financial Student Loan offers different lenders so you can choose the one that suits your needs. Thus, pre-qualification means that you are able to apply for a loan from a certain lender.

Splash Financial Student Loans Details

Here are some more important details about the Splash Student Loan:

Available Student Loan Amount: Splash Financial Student Loan offers loans ranging from $10000 to $50000. Once you’ve established the amount you need, you can search through the various lenders available and choose the one that best suits your needs.

Loan Terms: You can choose from the available payment options of five, seven, ten, twelve, fifteen or twenty years.

Splash Financial Student Loans: What are the Interest Rates and Fees?

Interest rate: Splash Financial Student Loan has interest rates that can vary between 2.59% and 8.19%, which is considered a relatively low number when compared to other companies on the market.

Origination Fee: Splash Financial Student Loan does not charge an origination fee or application fee when creating an account with them.

Late Payment and Prepayment Fee: Splash Financial Student Loan charges a fee of $10 to $15, which may vary by loan amount, for late payments. However, the company does not charge a fee for advance payments.

Also, Splash Financial Student Loan allows you to transfer your loan to your children, but this action is subject to approval.

Qualifying for Splash Financial Student Loans

Before applying for your Splash Financial Student Loan, you need to verify that you are eligible for it, making sure that you meet all the necessary requirements, such as:

• Be an American citizen;
• Have an undergraduate, bachelor’s or higher degree;
• Attend or have attended a university that is authorized to receive the financial resource for payment;
• Must not have declared bankruptcy in the last seven to ten years;
• Must have a debt/income ratio greater than 65%;
• Must earn an income of $42000 per year;
• Minimum credit score of $650.