CommonBond education loan refinancing details
Allow me to share specific very important facts that you might have to look for before you begin a student loan refinancing application having CommonBond. As with all else linked to student education loans, kindly do your part of mining and query throughout the student loan refinancing in advance of settling on any decision:
Pros and cons
Numerous selections of mortgage terminology: Customers have a range of loan terms to choose from, viz. five, seven, 10, 15, or 20 years, depending on their convenience
Forbearance choices: Customers can conveniently postpone their payments. And are offered up to 24 months of forbearance over the duration of their loans. This way, customers can relax knowing that their loans will not fall into default in case of any sudden misfortunes or emergencies
Zero origination charge: Commonbond takes the edge when it comes to transparency. Customers are not charged any additional fees concerning obtaining a refinancing service on their student loans
CommonBridge Program: This innovative step taken by CommonBond is an effort to help customers who have lost a job to find a new onemonBond takes a calculated approach here, thinking that helping customers find a stable job will help them make considerable profit in the long run
Mother Plus refinancing: Not only does CommonBond offer parent loan refinancing, but they also support the transfer paydayloanmaryland.org/cities/oxon-hill of these loans to the child
Discharge in case there are demise and impairment: The responsibility of a specific client’s loans will not be passed on to a cosigner in the unfortunate event of their death. Their loan will be forgiven
It help crossbreed financing: CommonBond has a hybrid loan plan where consumers are given a fixed rate for the first 5 years and a variable rate for the next 5.