Loans (US)

How to apply for the Education Loan Finance Private Student loans?

Education Loan Finance Private Student loans are low-cost, offer flexible terms, and provide a dedicated advisor to help you through the process. Learn how to apply for it!

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by Aline Augusto

Published on 01/16/2022

Applying for ELFI Private Student loans: simple application with no fees!

Find out how the application process works! Source: LinkedIn ELFI.
Find out how the application process works! Source: LinkedIn ELFI.

Education Loan Finance or ELFI is a lender specializing in helping people pay for education. So, they believe it is empowering, and the pavement they help you build guarantees a brighter future for you or your children. Thus, Education Loan Finance Private Student loans offers a low variable and fixed APR, from 1.20% and 3.20%, respectively. Also, it gives you flexible terms from 5 to 15 years.

Plus, it provides a dedicated advisor who will help you through the process. And all of that with no application, origination, or prepayment fees.

In addition, the application is fast and straightforward. And you can pre-qualify without harming your credit score.

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Loan

Education Loan Finance

Flexible terms Online

Get a low-cost loan to pay for college!

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Apply online

See how to apply online. Source: Pexels.
See how to apply online. Source: Pexels.

Access the Education Loan Finance Private Student Loans website and click on Get Started. You can also find your rate and pre-qualify before applying for a loan.

Then, create a profile by filling in the forms with your personal information.

Note that you must meet the requirements, as follows: 

  • Be U.S. citizens or permanent resident aliens;
  • Be at the age of majority or older;
  • Have a minimum income of $35,000;
  • Be enrolled in a program for a Bachelor’s, Master’s, or Doctoral Degree;
  • Have a minimum credit history of 36 months with a good credit score;
  • Be enrolled at least half-time in school if student;

And, if you are a parent applying for a loan, see the terms and conditions.

Finally, check out if the student attends an eligible school and send the documents.

Apply using the app

There is no mobile app available for this service.

Education Loan Finance Private Student loan vs. College Ave Student Loans 

Are you searching for a loan? Don’t worry because we will help you! That’s why we have brought to you not one but two lenders for you to compare and decide which is the best.

Education Loan Finance Private Student Loans College Ave Student Loans 
APRVariable: from 1.20%
Fixed: from 3.20%
Undergraduate Student Loans: rates from 0.94% to 12.99%;
Graduate Student Loans: rates from 1.99% to 11.98%;
Parent Loans: rates from 1.04% to 12.99%;
Refinancing: rates from 2.94% to 4.94%
Loan PurposeEducationPersonal – for students who want to make payments while in school, or who need to refinance it
Loan AmountsFrom $1,000Minimum of $1,000
Credit NeededGood (680)Approximately 600
TermsStudents loans: 5 – 15 years
Parents loans: 5 – 10 years
Refinancing: 5 – 20 years
5, 8, 10, and 15 years
Origination FeeNoneNone
Late Fee5% of the past due amount or $50, whichever is less;
And a $30 fee for insufficient funds or returned check 
5% of the amount due, or $25, whichever is less
Early Payoff PenaltyNoneNone
Desenho de pessoa usando computador e logo College Ave Student Loans

How to apply for the College Ave Student loans?

Get a loan designed for you at College Ave Student loans! Learn how to apply for it!

About the author

Aline Augusto

My name is Aline Mesquita; I'm a writer here on the blog, where I write about finance in general and other subjects. I have been working with content creation for ten years. Also, I'm post-graduated in Project Management, with expertise in SEO practices. Currently, I am studying finance, market trends, and cryptocurrencies.

Reviewed by

Aline Barbosa

Senior Editor

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