ⓘ Last updated at 10/27/2025
Best Student Loan Refinance Lenders 2025
Smarter Finance Starts With Consolidating Loans
Competitive Interest Rates
Flexible Repayment Terms
Lower Monthly Payments
Fast & Easy Online Approval
Competitive Interest Rates
Flexible Repayment Terms
Last Updated: 10/27/2025
Top Pick 2025
1
9.9
5 out of 5 stars
Exceptional
Credible: $200 gift card if you find a better rate
Rates from 3.99% to 11.4% APR
Compare rates from multiple lenders
Checking rates won't affect your credit
100% free to use
Credible: $200 gift card if you find a better rate
Rates from 3.99% to 11.4% APR
Compare rates from multiple lenders
Checking rates won't affect your credit
100% free to use
9.9
5 out of 5 stars
Exceptional
2
9.7
5 out of 5 stars
Exceptional
SoFi®
Check your rate in 2 minutes, no fees required
0.25% rate discount wth AutoPay
Save thousands with competitive refinancing rates
Flexible term options that fit your budget
SoFi®
Check your rate in 2 minutes, no fees required
0.25% rate discount wth AutoPay
Save thousands with competitive refinancing rates
Flexible term options that fit your budget
9.7
5 out of 5 stars
Exceptional
3
9.5
4.5 out of 5 stars
Outstanding
Splash Financial
Take control of your student loans
Competitive fixed rates
Personalized rates in minutes
No application, origination, or prepayment fees
Splash Financial
Take control of your student loans
Competitive fixed rates
Personalized rates in minutes
No application, origination, or prepayment fees
9.5
4.5 out of 5 stars
Outstanding
4
9.3
4.5 out of 5 stars
Excellent
Mefa
Eligible Degree: Undergraduate & Graduate
Personalized savings in 2 minutes
Fully remote application process
Powered by Credible
Mefa
Eligible Degree: Undergraduate & Graduate
Personalized savings in 2 minutes
Fully remote application process
Powered by Credible
9.3
4.5 out of 5 stars
Excellent
5
9.1
4 out of 5 stars
Very Good
Elfi
Rates from 3.99% to 11.38% APR
Same Day Approvals Online
Loan Terms Up to 20 Years
Powered by Credible
Elfi
Rates from 3.99% to 11.38% APR
Same Day Approvals Online
Loan Terms Up to 20 Years
Powered by Credible
9.1
4 out of 5 stars
Very Good
6
9.0
4 out of 5 stars
Very Good
Citizens
Transparent Pricing & Rates
Save Thousands - Fixed Rates Starting at 5.88% APR
100% Online Approval
Powered by Credible
Citizens
Transparent Pricing & Rates
Save Thousands - Fixed Rates Starting at 5.88% APR
100% Online Approval
Powered by Credible
9.0
4 out of 5 stars
Very Good
Compare Rates
Instantly compare leading lenders
and unlock lower payments
Apply Instantly
Get pre-qualified in minutes without affecting your credit score.
Save Thousands
Get approved and start saving on your student loans today.
Why Apply for Student Loan Refinancing?
Why Apply for Student Loan Refinancing?
Whether you want to free up cash for other expenses or get out of debt sooner, refinancing gives you control over your financial future.
By securing a lower interest rate or better loan terms, you can reduce your monthly payments and save thousands over time.
Refinancing helps you simplify your loans, pay them off faster, and keep more money in your pocket.
PickYourBank makes it easy to compare top lenders, helping you find the best rates in minutes—without impacting your credit score.
By securing a lower interest rate or better loan terms, you can reduce your monthly payments and save thousands over time.
Refinancing helps you simplify your loans, pay them off faster, and keep more money in your pocket.
PickYourBank makes it easy to compare top lenders, helping you find the best rates in minutes—without impacting your credit score.
Why Should I Trust PickYourBank to Find My Best Offer?
PickYourBank partners only with top-rated, vetted lenders to ensure you get the best refinancing options available.
We make the process simple, transparent, and secure—allowing you to compare offers with no impact on your credit score.
With our trusted platform, you stay in full control of your refinancing decision, ensuring you find the right loan for your needs.
We make the process simple, transparent, and secure—allowing you to compare offers with no impact on your credit score.
With our trusted platform, you stay in full control of your refinancing decision, ensuring you find the right loan for your needs.
How Soon Can I Start Saving on My Student Loans?
Once you find the right lender and complete your application, approvals can happen quickly—sometimes within days.
The sooner you refinance, the sooner you can lock in a lower rate, reduce your payments, and start saving.
Don’t wait—every month with a high-interest loan costs you money!
Compare your options now and take control of your finances
The sooner you refinance, the sooner you can lock in a lower rate, reduce your payments, and start saving.
Don’t wait—every month with a high-interest loan costs you money!
Compare your options now and take control of your finances
"Refinancing my student loan was one of the best decisions I’ve made.
The process was simple, and I was able to lower my interest rate significantly, which is saving me money every month."
Laura Mitchell
Austin, Texas
"I was feeling overwhelmed by my student loan payments, but refinancing with this company completely changed my situation.
The process was fast and easy, and I ended up with a lower monthly payment and a better interest rate!"
Michelle Kline
Miami, Florida
"Refinancing my student loans was one of the best financial decisions I've made.
I was able to lower my interest rate by 2%, which significantly reduced my monthly payments and will save me thousands over the life of the loan."
Michael Baxster
New York, Washington
Student Loan Refinance Benefits
- If you have a good credit score and stable income, refinancing can help you secure a lower interest rate than what you're currently paying. This can save you money over time, reducing both your monthly payments and the total interest paid during the life of the loan.
- Refinancing can also help you pay off debt faster. With a lower interest rate or more favorable loan terms, you may be able to pay off your loan sooner without increasing your monthly payments. This can reduce your overall debt burden and free up funds for other financial goals. For those with a cosigner, refinancing could offer the chance to remove them from the loan once you meet certain credit and income requirements.
- Refinancing also provides the opportunity to switch loan types. If you have a variable-rate loan, refinancing could allow you to lock in a fixed-rate loan to protect yourself from future interest rate increases. Alternatively, if you have a fixed-rate loan and want to take advantage of potentially lower rates, refinancing to a variable-rate loan could be a good option.
- If you have multiple student loans, you can consolidate them into one loan with a single monthly payment. This makes it easier to stay on top of your debt and reduces the chances of missing a payment. Additionally, refinancing allows you to adjust your loan term. Whether you want a shorter term to pay off the loan faster or a longer term to lower monthly payments, refinancing gives you flexibility to choose what works best for you.
Best Student Loan Refinance Rates
Refinancing your student loan process is easy with our lenders, doing it today will also provide you the best rate
Last Updated: 10/27/2025
1
9.9
5 out of 5 stars
Exceptional
Rates from 3.85% to 12.66% APR
Compare rates from multiple lenders
Checking rates won't affect your credit
100% free to use
Rates from 3.85% to 12.66% APR
Compare rates from multiple lenders
Checking rates won't affect your credit
100% free to use
9.9
5 out of 5 stars
Exceptional
2
9.7
5 out of 5 stars
Exceptional
Check your rate in 2 minutes, no fees required
0.25% rate discount wth AutoPay
Save thousands with competitive refinancing rates
Flexible term options that fit your budget
Check your rate in 2 minutes, no fees required
0.25% rate discount wth AutoPay
Save thousands with competitive refinancing rates
Flexible term options that fit your budget
9.7
5 out of 5 stars
Exceptional
3
9.5
4.5 out of 5 stars
Outstanding
Transparent Pricing & Rates
Save Thousands - Fixed Rates Starting at 5.88% APR
No Hidden Fees or Costs
100% Online Approval
Transparent Pricing & Rates
Save Thousands - Fixed Rates Starting at 5.88% APR
No Hidden Fees or Costs
100% Online Approval
9.5
4.5 out of 5 stars
Outstanding
4
9.3
4.5 out of 5 stars
Excellent
Fixed APR: 4.88 - 8.44%
Veriable APR: 4.86 - 8.24%
Same Day Approvals Online
Loan Terms Up to 20 Years
Fixed APR: 4.88 - 8.44%
Veriable APR: 4.86 - 8.24%
Same Day Approvals Online
Loan Terms Up to 20 Years
9.3
4.5 out of 5 stars
Excellent
5
9.1
4 out of 5 stars
Very Good
Eligible Degree: Undergraduate & Graduate
Fixed APR: 6.20% - 8.99%
Loan Amount: $10,000 up to the Total Amount
No Fees
Eligible Degree: Undergraduate & Graduate
Fixed APR: 6.20% - 8.99%
Loan Amount: $10,000 up to the Total Amount
No Fees
9.1
4 out of 5 stars
Very Good
Things to Consider When Refinancing Your Student Loan
Unlock Your Student Loan Potential
- Interest Rates: Refinancing typically offers the choice between a fixed or variable rate. A fixed rate remains constant throughout the life of the loan, providing stability in your payments. A variable rate, however, can change based on market conditions. When considering refinancing, compare the rate you're being offered with your current rate to ensure that it will save you money. If your current rate is already competitive, refinancing might not be worth it.
- Repayment Terms: Private loans come with different repayment terms, typically ranging from 5 to 20 years. Longer terms usually result in smaller monthly payments, but they can cost you more in interest. Check if the loan offers a grace period after graduation and if there are options for deferment or forbearance in case of financial difficulty.
- Credit Score and Financial Stability: Your credit score and financial stability play a big role in refinancing. Lenders will typically check your credit score to determine the interest rate you're eligible for, so if your credit has improved since you took out the loans, refinancing could allow you to qualify for a better rate. Additionally, if you had a cosigner on your original loan, refinancing may allow you to remove them, provided your credit is strong enough to stand on its own.
- Fees & Costs: Always be aware of any fees or costs associated with refinancing. Some lenders charge application fees, origination fees, or other hidden costs that can diminish your savings. Make sure to read the fine print and understand the total cost of refinancing before committing to any deal.
Advertising Disclosure
Pickyourbank.com may earn a commission when a user completes an action using our links, which will however not affect the review but might affect the rankings. The latter is determined on the basis of product market fit and compensation received. The information contained in pickyourbank.com should not be conceived as legal, financial or investment advice nor as an endorsement of any of the products or services referenced in pickyourbank.com. As disclosed in the Terms and Conditions all information on pickyourbank.com is subject to change. pickyourbank.com does not contain an exhaustive list of all lending or insurance partners in each category.
SOFI: Fixed rates range from 4.99% APR to 9.99% APR with 0.25% autopay discount and 0.125% SoFi Plus discount. Variable rates range from 5.99% APR to 9.99% APR with 0.25% autopay discount and 0.125% SoFi Plus discount. Unless required to be lower to comply with applicable law, Variable Interest rates will never exceed 13.95% (the maximum rate for these loans). SoFi rate ranges are current as of 28/08/2025 and are subject to change at any time. Your actual rate will be within the range of rates listed above and will depend on the term you select, evaluation of your creditworthiness, income, presence of a co-signer and a variety of other factors. Lowest rates reserved for the most creditworthy borrowers. For the SoFi variable-rate product, the variable interest rate for a given month is derived by adding a margin to the 30-day average SOFR index, published two business days preceding such calendar month, rounded up to the nearest one hundredth of one percent (0.01% or 0.0001). APRs for variable-rate loans may increase after origination if the SOFR index increases. You may pay more interest over the life of the loan if you refinance with an extended term.
Autopay Discount: The SoFi 0.25% autopay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. This benefit will be removed during periods in which you do not pay by automatic deduction from a savings or checking account. The benefit lowers your interest rate but does not change the amount of your monthly payment. This benefit is suspended during periods of deferment and forbearance.Autopay is not required to receive a loan from SoFi.
SoFi Plus Discount: To be eligible to receive an additional (0.125%) interest rate reduction on your Student Loan Refinancing (your "Loan") for enrolling in SoFi Plus, you must enroll in SoFi Plus within 30 days of Loan funding, either by receiving an Eligible Direct Deposit to your SoFi Checking and Savings account, or by paying the SoFi Plus Subscription Fee. Once eligible, you will receive this discount during periods in which you have received Eligible Direct Deposit to your SoFi Checking and Savings Account, or during periods in which SoFi successfully receives payment of the SoFi Plus Subscription Fee. This discount lowers your interest rate but does not change the amount of your regular monthly payment. This discount will be removed during periods in which SoFi determines you have turned off Eligible Direct Deposit to your Checking and Savings account or in which you have not paid the SoFi Plus Subscription Fee. SoFi reserves the right to change or terminate this interest rate reduction offer for unenrolled participants at any time without notice. You are not required to enroll in Eligible Direct Deposit or to pay the SoFi Plus Subscription Fee to be eligible for Loan approval. See what qualifies as an Eligible Direct Deposit here: www.sofi.com/terms-of-use/#slr discount.
Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY TERMS AND DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME. To qualify for refinancing, you must fulfill all SoFi eligibility requirements. SoFi only refinances student loans totaling at least $5,000 that you used to fund tuition at an eligible Title IV accredited school where you were enrolled at least 50% time. Loans currently being used to fund education for actively enrolled students are not eligible for refinancing. For more detail, see SoFi.com/eligibility. Lowest rates reserved for the most creditworthy borrowers. You may pay more interest over the life of the loan if you refinance.
Notice: SoFi Refinance Student Loans are private loans. When you refinance federal loans with a SoFi loan, YOU FORFEIT YOUR ElIGIBILITY FOR ALL FEDERAL LOAN BENEFITS, including all flexible federal repayment and forgiveness options that are or may become available to federal student loan borrowers including, but not limited to: Public Service Loan Forgiveness (PSLF), Income-Based Repayment, Income-Contingent Repayment, extended repayment plans, PAYE or SAVE. Information current as of 3/3/2025 and subject to change. SoFi Refinance Student Loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org).
Pickyourbank.com may earn a commission when a user completes an action using our links, which will however not affect the review but might affect the rankings. The latter is determined on the basis of product market fit and compensation received. The information contained in pickyourbank.com should not be conceived as legal, financial or investment advice nor as an endorsement of any of the products or services referenced in pickyourbank.com. As disclosed in the Terms and Conditions all information on pickyourbank.com is subject to change. pickyourbank.com does not contain an exhaustive list of all lending or insurance partners in each category.
SOFI: Fixed rates range from 4.99% APR to 9.99% APR with 0.25% autopay discount and 0.125% SoFi Plus discount. Variable rates range from 5.99% APR to 9.99% APR with 0.25% autopay discount and 0.125% SoFi Plus discount. Unless required to be lower to comply with applicable law, Variable Interest rates will never exceed 13.95% (the maximum rate for these loans). SoFi rate ranges are current as of 28/08/2025 and are subject to change at any time. Your actual rate will be within the range of rates listed above and will depend on the term you select, evaluation of your creditworthiness, income, presence of a co-signer and a variety of other factors. Lowest rates reserved for the most creditworthy borrowers. For the SoFi variable-rate product, the variable interest rate for a given month is derived by adding a margin to the 30-day average SOFR index, published two business days preceding such calendar month, rounded up to the nearest one hundredth of one percent (0.01% or 0.0001). APRs for variable-rate loans may increase after origination if the SOFR index increases. You may pay more interest over the life of the loan if you refinance with an extended term.
Autopay Discount: The SoFi 0.25% autopay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. This benefit will be removed during periods in which you do not pay by automatic deduction from a savings or checking account. The benefit lowers your interest rate but does not change the amount of your monthly payment. This benefit is suspended during periods of deferment and forbearance.Autopay is not required to receive a loan from SoFi.
SoFi Plus Discount: To be eligible to receive an additional (0.125%) interest rate reduction on your Student Loan Refinancing (your "Loan") for enrolling in SoFi Plus, you must enroll in SoFi Plus within 30 days of Loan funding, either by receiving an Eligible Direct Deposit to your SoFi Checking and Savings account, or by paying the SoFi Plus Subscription Fee. Once eligible, you will receive this discount during periods in which you have received Eligible Direct Deposit to your SoFi Checking and Savings Account, or during periods in which SoFi successfully receives payment of the SoFi Plus Subscription Fee. This discount lowers your interest rate but does not change the amount of your regular monthly payment. This discount will be removed during periods in which SoFi determines you have turned off Eligible Direct Deposit to your Checking and Savings account or in which you have not paid the SoFi Plus Subscription Fee. SoFi reserves the right to change or terminate this interest rate reduction offer for unenrolled participants at any time without notice. You are not required to enroll in Eligible Direct Deposit or to pay the SoFi Plus Subscription Fee to be eligible for Loan approval. See what qualifies as an Eligible Direct Deposit here: www.sofi.com/terms-of-use/#slr discount.
Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY TERMS AND DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME. To qualify for refinancing, you must fulfill all SoFi eligibility requirements. SoFi only refinances student loans totaling at least $5,000 that you used to fund tuition at an eligible Title IV accredited school where you were enrolled at least 50% time. Loans currently being used to fund education for actively enrolled students are not eligible for refinancing. For more detail, see SoFi.com/eligibility. Lowest rates reserved for the most creditworthy borrowers. You may pay more interest over the life of the loan if you refinance.
Notice: SoFi Refinance Student Loans are private loans. When you refinance federal loans with a SoFi loan, YOU FORFEIT YOUR ElIGIBILITY FOR ALL FEDERAL LOAN BENEFITS, including all flexible federal repayment and forgiveness options that are or may become available to federal student loan borrowers including, but not limited to: Public Service Loan Forgiveness (PSLF), Income-Based Repayment, Income-Contingent Repayment, extended repayment plans, PAYE or SAVE. Information current as of 3/3/2025 and subject to change. SoFi Refinance Student Loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org).