ELFI (Education Loan Finance) is a private student loan lender that offers student loans and refinancing options for undergraduate, graduate, and parent borrowers. ELFI is a division of SouthEast Bank, a Tennessee-based community bank.

If you are considering a private student loan from ELFI, it’s important to carefully review the terms and conditions of the loan, including the interest rate, fees, and repayment options. Private student loans may have higher interest rates and fees compared to federal student loans, and the terms can vary significantly between lenders. It’s a good idea to compare multiple lenders and carefully consider all of your options before taking out a private student loan.

If you are interested in refinancing your existing student loans with ELFI, you will need to meet certain eligibility requirements, such as having a good credit score and a steady income. ELFI offers fixed and variable rate refinancing options, as well as multiple repayment plans to fit your budget.

You can learn more about ELFI and apply for a student loan or refinancing option on the company’s website at www.elfi.com or by calling (855) 855-4334.

ELFI is a student loan refinancing option provided by SouthEast Bank that is known for its low rates and high level of customer service through its award-winning Student Loan Advisor program. ELFI has a not-for-profit background through Education Loan Finance, Inc., the holding company of SouthEast Bank, which has been in operation for over 25 years. While there are other options for student loan refinancing through multiple lenders, ELFI offers a number of benefits that set it apart, including consolidation of loans, bonus payments, and refinancing of Parent PLUS loans. If you have graduated and have a stable job, ELFI may be able to help you lower your payments and interest rate with competitive interest rates for student loan financing. Through ELFI, you can repay your student loans on your own terms as long as you meet the requirements. ELFI is available in all 50 states, Washington D.C., and Puerto Rico.

ELFI Student Loan Refinancing Details
Product NameELFI Student Loan Refinancing
Min Loan Amount$10,000
Max Loan AmountNo Maximum
Variable APR3.53% – 7.24% APR
Fixed APR4.83% – 7.64% APR
Loan Terms5, 7, 10, 15, 20-Year Terms
PromotionsUp to $1,100 bonus

ELFI Loan Eligibility

To be eligible for a student loan or refinancing option through ELFI, you will need to meet certain requirements. These requirements may vary depending on the type of loan you are seeking and your individual circumstances.

In general, ELFI requires borrowers to have a good credit score and a stable income. You may also need to meet certain education and enrollment requirements, such as being enrolled at least half-time in a degree-granting program.

ELFI offers undergraduate, graduate, and parent loans, as well as refinancing options for existing student loans. To apply for a loan or refinancing option with ELFI, you will need to complete an online application on the company’s website at www.elfi.com. During the application process, you will be asked to provide information about your education, employment, and financial situation.

It’s important to carefully review the terms and conditions of any student loan or refinancing option you are considering, including the interest rate, fees, and repayment options. If you have questions about your eligibility for a loan or refinancing option with ELFI, you can contact the company at (855) 855-4334 or through its website.

To be eligible for a student loan or refinancing option through ELFI, you must:

  • Be a US citizen or permanent resident of the US
  • Be at least 18 years old
  • Have student loan debt totaling at least $10,000
  • Have graduated from an approved education institution with a bachelor’s degree or higher
  • Demonstrate the ability to pay back the loan based on your debt-to-income ratio
  • Have a sufficient credit score, or have a cosigner with a sufficient credit score if you do not meet the credit requirements on your own.

ELFI FAQs

  1. What is ELFI? ELFI (Education Loan Finance) is a private student loan lender that offers student loans and refinancing options for undergraduate, graduate, and parent borrowers. ELFI is a division of SouthEast Bank, a Tennessee-based community bank.
  2. How do I contact ELFI? You can contact ELFI by calling (855) 855-4334 or through its website at www.elfi.com.
  3. What types of loans does ELFI offer? ELFI offers undergraduate, graduate, and parent loans, as well as refinancing options for existing student loans.
  4. How do I apply for a loan or refinancing option with ELFI? To apply for a loan or refinancing option with ELFI, you will need to complete an online application on the company’s website at www.elfi.com. During the application process, you will be asked to provide information about your education, employment, and financial situation.
  5. Are there any eligibility requirements for a loan or refinancing option with ELFI? To be eligible for a loan or refinancing option with ELFI, you will need to meet certain requirements, such as having a good credit score and a stable income. You may also need to meet certain education and enrollment requirements, such as being enrolled at least half-time in a degree-granting program. It’s a good idea to review the eligibility requirements on ELFI’s website or contact the company for more information.
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