Disclaimers

General Disclosure

Loan or savings calculators are offered for your own use and the results are based on the information you provide. The results of this calculator are only intended as an illustration and are not guaranteed to be accurate. Actual payments and figures may vary. Loans originated through the Splash Financial platform are available through arrangements with our lending partners. Final loan approval is subject to verification of certain information and applicants must meet the lender’s underwriting requirements. For loans where a credit union is the lender, you will need to become a credit union member. The Splash Student Loan Refinance Program is not offered or endorsed by any college or university. Neither Splash Financial nor the lending partner are affiliated with or endorse any college or university listed on this website. You should review the benefits of your federal student loan; it may offer specific benefits that a private refinance/consolidation loan may not offer. If you work in the public sector, are in the military or taking advantage of a federal department of relief program, such as income based repayment or public service forgiveness, you may not want to refinance, as these benefits do not transfer to private refinance/consolidation loans. Splash Financial and our lending partners reserve the right to modify or discontinue products and benefits at any time without notice. To qualify, a borrower must be a U.S. citizen. Lowest rates are reserved for the highest qualified borrowers. Lowest rates may require autopay. The 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. The autopay reduction will not be applied if autopay is not in effect. See loan agreement for details. This information is current as of February 22, 2024.

To check the rates and terms you qualify for, soft credit pull(s) will be conducted that will not affect your credit score. However, if you choose a product and continue your application, your full credit report from one or more consumer reporting agencies will be requested, which is considered a hard credit pull.

FIXED APR

Student Loans

Fixed APR: Annual Percentage Rate (APR) is the cost of credit calculating the interest rate, loan amount, repayment term and the timing of payments. Fixed rate options range from 5.19% (with autopay) to 10.24% (without autopay) and will vary based on application terms and level of degree. Our lowest rate includes a 0.25% autopay discount for the shortest loan term. Rates are subject to change without notice. The fixed interest rate will apply until the loan is paid in full (whether before or after default, and whether before or after the scheduled maturity date of the loan). The rate will not change during the term. There are no application or origination fees, and no prepayment penalties.

Repayment examples are for illustrative purposes only. Loans feature repayment terms of 5 to 20 years. For example, if you receive a $10,000 loan with a 15-year repayment term and an 8.50% APR, you would have a required monthly payment of $98.47. Late payments or subsequent charges and fees may increase the cost of your loan.

Personal Loans

Fixed APR: Annual Percentage Rate (APR) is the cost of credit calculating the interest rate, loan amount, origination fee (when applicable), repayment term, and the timing of payments. Personal loans offered through the Splash network have APRs of 10.95% to 35.99% (without autopay). Personal loans may have an origination fee up to 12%, which may be deducted from the loan proceeds. Lowest rates may require autopay and may require paying off a portion of existing debt directly.

Repayment examples are for illustrative purposes only. Loans feature repayment terms of 24 to 84 months. For example, if you receive a $10,000 loan with a 36-month term and a 17.98% APR (which includes a 14.32% yearly interest rate and a 5% one-time origination fee), you would receive $9,500 in your account and would have a required monthly payment of $343.33. Over the life of the loan, your payments would total $12,359.97. The APR on your loan may be higher or lower and your loan offers may not have multiple term lengths available. Rates are subject to change without notice. Not all rates and amounts available in all states. Not all applicants qualify for the lowest rate. Lowest rates reserved for the most creditworthy borrowers. Actual rate depends on credit score, credit usage history, loan term, and other factors. Late payments or subsequent charges and fees may increase the cost of your fixed rate loan. There is no fee or penalty for repaying a loan early. Not all applicants will qualify for the full amount. Residents of Massachusetts have a minimum loan amount of $6,000; New Mexico and Ohio, $5,000.

Personal loans are solely for personal, family, or household purposes and are not permitted to be used to purchase or refinance the purchase of real estate, securities or other investments. Personal loans may not be used for business purposes, to finance post-secondary education expenses, for short-term bridge financing or any illegal purpose.

Once you have successfully completed the loan application process, it typically takes one to two business days to receive funds. However, funding may take up to two weeks.

VARIABLE RATE

Student Loans

Variable APR: Annual Percentage Rate (APR) is the cost of credit calculating the interest rate, loan amount, repayment term and the timing of payments. Variable rate options range from 5.99% (with autopay) to 10.24% (without autopay) and will vary based on application terms and level of degree. There are no application or origination fees, and no prepayment penalties.

Repayment examples are for illustrative purposes only. Loans feature repayment terms of 5 to 25 years. For examples, if you receive a $10,000 loan with a 15-year repayment term and a 7.80% APR, you would have required a monthly payment of $94.41. Late payments or subsequent charges and fees may increase the cost of your loan.

The variable rates are based on a variable rate index 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). The interest rate on a variable rate loan is comprised of an index and margin added together.

Rate ranges 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, and a variety of other factors. Lowest rates reserved for the most creditworthy borrowers. 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.

An 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 discontinue and be lost for 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.

Welcome Bonus

Terms and conditions apply. Offer is subject to lender approval. To receive the offer, you must: (1) be refinancing at least $30,000 to $200,000 in student loans depending on the channel partner that is providing the bonus offer; (2) register and/or apply through the referral link you were given; (3) complete a loan application with Splash Financial; (4) have and provide a valid US address to receive the bonus check; (5) and meet the lending partner's underwriting criteria and accept the loan offer. Once conditions are met and the loan has been disbursed, you will receive your welcome bonus via a check mailed to your submitted address within 90-120 calendar days. Bonuses that are not redeemed within 180 calendar days of the date they were made available to the recipient may be subject to forfeit. Bonus amounts of $600 or greater in a single calendar year may be reported to the Internal Revenue Service (IRS) as miscellaneous income to the recipient on Form 1099-MISC in the year received as required by applicable law. Recipient is responsible for any applicable federal, state or local taxes associated with receiving the bonus offer; consult your tax advisor to determine applicable tax consequences. Splash reserves the right to change or terminate the offer at any time with or without notice. Bonus Offer is for new customers only.

Refer-A-Friend Program

Official rules and terms and conditions of the Splash Financial Refer and Earn Program.