CommonBond Student Loans Reviews

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CommonBond Student Loans, discovered on-line at CommonBond.co, is a brand new web site and firm that gives individuals the prospect to use for a brand new or refinanced graduate scholar mortgage with higher phrases than conventional loans. 

How Does It Work?

In response to their web site, the creators of CommonBond Student Loans all met whereas finding out at Wharton Faculty of Enterprise, the place they realized that there was an space of client finance that wanted some severe consideration: the scholar lending business.

Collectively, utilizing their backgrounds in finance and their first-hand experiences with scholar loans, they determined to offer college students seeking to attend graduate college an alternative choice to the big scale scholar mortgage suppliers with a scholar mortgage market that’s dedicate to giving their clients loans with higher charges.

The web site guarantees that that they’ve the flexibility to each refinance and supply loans to college students who’ve been accepted to tons of of various graduate packages throughout the USA, and that debtors who refinance with their service can count on to avoid wasting $10,000 on common all through the lifetime of their mortgage. 

To get began, the web site says that clients will simply have to be ready to reply questions on their college, their present job and monetary circumstances, and their present loans if refinancing, and CommonBond will be capable to inform them in simply minutes whether or not or not they’re eligible for a mortgage. 

Price/Value Plans

Filling out your utility and submitting it’s fully freed from cost and you can be offered along with your choices for loans, together with all charges, your mortgage’s particular APR, your reimbursement plan, and all different fee data earlier than you select to just accept the mortgage and formally signal your paperwork.

Refund Coverage

As a monetary establishment, this firm doesn’t present conventional Refund Insurance policies. As an alternative, your particular person mortgage might carry with it a coverage which permits you a brief time period by which to return the principal of your mortgage with none monetary penalty, and again out of your mortgage circumstances. Prospects might want to talk about this with the supplier of their mortgage earlier than they signal the Phrases and settle for the principal. 

Buyer Service Contact Data

Prospects who want to contact their Buyer Service staff with any questions, considerations, or complaints can achieve this by telephone at 800-975-7812 or by electronic mail at Care@CommonBond.co.

Status

Sadly there doesn’t look like any actual buyer critiques of this firm presently, simply critiques offered by scholar mortgage and finance blogs and web sites. These critiques painting this firm similar to every other personal lender that guarantees to refinance scholar loans. 

They are able to present a greater APR, however they don’t provide the identical protections which are offered by federal scholar loans, like unemployment safety or adjustable funds primarily based on revenue. Debtors should resolve what it’s higher for them in the long run, relying on their private circumstances. 

Opponents and Alternate options?

As talked about above, there are a lot of different firms that work to offer their clients with alternate options to conventional scholar loans, together with Credible.com, Gradible.com, Givling.com, Sofi Loans, SimpleTuition.com, and lots of others.

If in case you have any expertise with this firm or their merchandise, please go away your CommonBond Student Loans critiques beneath.

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