PenFed and Purefy are now partnered to bring you student loan refinancing with new features, expanded options and great rates. PenFed is one of the most award winning credit unions in the market and we are excited to show you what we are offering in partnership with them. As a new lending partner, PenFed brings the same commitment to transparency you expect from us.
Here is what you need to know about the partnership.
- How To Apply: Use our Find My Rate tool to check your rates and apply. We added some new features and you can now check your rate with a cosigner too – only from Purefy. Once you apply, you will be taken to the PenFed application.
- 15 Year Term: You asked, we answered. You can now refinance to a 15 year loan term. This option is great for borrowers who need to lower their monthly payment or have a high loan balance. We still offer our unique 8 and 12 year loans, as well as a 5 year term, and are excited to expand to even more options to fit your refinancing needs.
- Membership: By becoming a member at PenFed, you get access to award winning products and services. Credit unions require membership – which is easy to qualify for.
- Fixed Rates: We think you will like what you see with fixed rates starting at 3.50%.
- Lower Loan Balance: Borrowers with lower loan balances have another reason to celebrate, we now offer refinancing for loans with a minimum balance of $7,500. Our maximum balance for refinancing is $150,000.
We are committed to providing transparency in refinancing and the best customer service through phone, email, chat or text to help you every step of the way. With Purefy, every borrower and applicant receives their own personal student loan advisor to answer questions and provide guidance through every stage of the application and beyond. As always, we’re here to help if you have any questions.