Splash Financial is a refinancing firm for student loans to help borrowers save money by providing them with more manageable interest rates and repayment schedules. This article thoroughly examines Splash Financial, including its offerings, eligibility criteria, rates, and more. The company's collaboration with financial institutions provides student debt refinancing and consolidation. Loans for college, graduate school, an MBA, medical school, dentistry school, and law school are available through splash financial student loans at variable and fixed interest rates. Competitive interest rates, flexible repayment options, excellent customer service, and a straightforward application procedure are all covered in this study. Prospective borrowers may use this data to determine whether Splash Financial is the best option for their student loan requirements.

What Is Splash Financial?

Splash Finance is a fintech firm that works with financial institutions to provide student debt consolidation and refinancing options. The firm was established in 2013 and originated in Cleveland, Ohio. splash financial refinance student loans goal is to provide better terms and interest rates for student loans so that borrowers may pay off their debt faster and with less financial strain.

Eligibility Criteria

The following criteria must be met to apply for a loan from Splash Financial:

• Either U.S. citizenship or permanent resident status is required
• possess an advanced degree from a recognized university
• Have a minimum of $5,000 in outstanding student loans
• Have a credit score of 660 or higher
• Maintain a debt-to-income ratio below 40%
• Have a job or employment offer with a start date within the next 90 days.
• Possess a current and active Social Security card.

Loan Types

Loans from splash financial student loans refinance may have either a variable or fixed interest rate. Borrowers looking to take advantage of historically low-interest rates may want to consider a variable-rate loan, but they should be aware of the risks involved. A fixed-rate loan has greater security, but the interest rate might be higher. Splash Finance provides the following kinds of loans:

• Student loans for college
• Money for College
• Funding for MBAs
• Finances for Medical School
• Funding for Dental School
• Money for Law School

Interest Rates And Fees

The interest rates offered by Splash Finance are competitive. However, they are different for everyone. The current interest rates for loans from Splash Finance are as follows:

• Rates are subject to change and currently range from 1.95% to 5.59%
• Rates are set between 2.63% and 6.25%
• There are no up-front costs associated with obtaining a loan from Splash Finance and no penalties for paying it off early.

Loan Repayment Terms

Splash Finance provides flexible payback periods between 5 and 20 years. Your capacity to make monthly payments and the total amount borrowed determine the duration of your repayment term. The payment schedule provided by Splash Finance is as follows:

• Tenure Options: 5+, 7+, 8+, or 10+ Years
• Term Length: 12 Years 15 Years
• 20-year duration

Customer Service

Splash Financial takes excellent pleasure in the quality of service it provides to its clients. Loan professionals are available to assist you in navigating the company's loan products and making the most informed decision possible. Splash Financial has many avenues of communication, including phone, email, and a chat facility on its website.

Application Procedure

Applying for a loan from Splash Finance is straightforward and may be done online. The procedure is as follows:

• Put in your application online: Your name, address, and Social Security number are required pieces of information we need from you.
• Choose from available lending programs: You can choose the loan type, period length, and interest rate that works best for you.
• Please upload your files: You'll need to provide documentation of your income and student loan debt, such as pay stubs and tax records.
• If you apply for a loan with Splash Financial, they will evaluate it and let you know whether you are authorized. You can sign the necessary paperwork online if your loan application is accepted.
• Get Financial Support: When you have finalized the loan paperwork with Splash Financial, your student will receive the money.

Conclusion

To assist customers in saving costs on their student loans, Splash Financial provides several refinancing alternatives. Splash Financial is a terrific option for borrowers looking to consolidate their student loans or refinance at a reduced rate because of its affordable interest rates, flexible repayment plans, and exceptional customer service. Thanks to the streamlined online application procedure, borrowers may quickly and efficiently apply for the necessary aid. Overall, Splash Financial deserves serious consideration if you're trying to save costs on your student loans.