Splash Financial is a company that offers student loan refinancing services to help borrowers save money on their student loans. Founded in 2014, Splash Financial has helped thousands of borrowers refinance their student loans and lower their monthly payments.
One of the key benefits of Splash Financial is that it offers competitive interest rates and flexible repayment terms. Borrowers can choose from a variety of repayment options, including traditional, interest-only, and deferred repayment plans. Splash Financial also offers a loyalty discount for borrowers who have made on-time payments for at least 48 consecutive months.
In addition to student loan refinancing, Splash Financial also offers a referral program that allows borrowers to earn cash bonuses by referring friends and family to the service. Borrowers can earn up to $200 for each successful referral, which can help offset the cost of their student loans.
Another feature of Splash Financial is its user-friendly online platform, which makes it easy for borrowers to apply for refinancing, track their loans, and make payments. The company also has a team of dedicated customer support representatives who are available to answer questions and provide assistance.
A $500 bonus when you refinance through Splash
Overall, Splash Financial is a solid option for borrowers looking to refinance their student loans and save money on their monthly payments. Its competitive rates, flexible repayment options, and referral program make it a worthwhile consideration for anyone looking to take control of their student loan debt.
| Splash Student Loans Details | |
|---|---|
| Product Name | Splash Student Loan |
| Min Loan Amount | $5,000 |
| Max Loan Amount | No Max |
| Variable APR | 3.99% – 8.99% APR |
| Fixed APR | 4.39% – 8.99% APR |
| Loan Terms | 5, 7, 8, 10, 12, 15, and 20 Year |
| Promotions | $500 Bonus |
Splash Finance Eligibility
To be eligible for student loan refinancing with Splash Financial, you must meet the following requirements:
- You must be a U.S. citizen or permanent resident
- You must be at least 18 years old
- You must have a credit score of at least 670
- You must have at least $5,000 in student loan debt
- You must be able to demonstrate a stable income and employment history
In addition, you must have a qualifying student loan that meets the following criteria:
- The loan must be in your name and not in default
- The loan must not be a private consolidation loan or a Parent PLUS loan
- The loan must not be currently being rehabilitated or in a grace period
If you meet these requirements and have a qualifying student loan, you may be eligible to refinance your student loans with Splash Financial. It is always a good idea to carefully review the terms and conditions of any financial product or service before making a decision.
Splash Finance Features
| Min Loan Amount | $5,000 |
| Max Loan Amount | No max |
| Rate Type | Fixed or variable |
| APR | Fixed: 4.39% – 8.99%Variable: 3.99% – 8.99% |
| Autopay Discount | Varies by lender. Most offer a discount of 0.25% |
| Loan Terms | 5,7,10,15, and 20 years |
| Origination Fees | None |
| Prepayment Penalty | None |
| Late Payment Fee | Varies by lender |
| Cosigners Allowed | No cosigners allowed for student loan refinancing |
| Cosigner Release | Varies by lender, but most customers can request a cosigner release after 12 consecutive on-time monthly payments |
| Grace Period | Varies by lender |
| Eligible Schools | Title-IV accredited schools |
| Associate Degree Refinancing | Yes, for professionals in certain healthcare fields |
| Customer Service Phone Number | 1-800-349-3938 |
| Customer Service Hours | Mon–Fri, 9 AM–9 PM (EST) |
| Customer Service Email Address | contact@splashfinancial.com |
| Loan Servicer | Varies by lender |
| Promotions | $500 bonus |
Splash Financial FAQs
Here are some common questions about Splash Financial and its student loan refinancing services:
- What is Splash Financial? Splash Financial is a company that offers student loan refinancing services to help borrowers save money on their student loans.
- How does Splash Financial work? To refinance your student loans with Splash Financial, you will need to fill out an online application and provide information about your current student loans and financial situation. Splash Financial will review your application and, if approved, offer you a refinancing package with a new interest rate and repayment terms.
- What types of loans does Splash Financial offer? Splash Financial offers to refinance for both federal and private student loans.
- Are there any fees associated with Splash Financial’s refinancing services? Splash Financial charges a one-time origination fee, which is typically a percentage of the total loan amount. The exact fee will depend on the terms of your refinancing package.
- Can I refinance my student loans with Splash Financial if I have bad credit? Splash Financial considers a variety of factors when evaluating loan applications, including credit history. However, even if you have bad credit, you may still be able to qualify for refinancing with Splash Financial.
- Can I get a lower interest rate with Splash Financial? Splash Financial offers competitive interest rates and flexible repayment terms
