1 (866) 271 6985 DRB Student Loan Consolidation Refinancing

1 (866) 271 6985 DRB (Darien Rowayton Bank) Student Loan Consolidation Refinancing

Refinancing and consolidation of private and federal student loans

Must be an alumni of a bachelors or graduate degree program (e.g. MBA, Law, post-residency Medical/Dental, Physician Assistant, Advanced Degree Nursing, Pharmacist, Engineering, PhD, etc.) who meet the underwriting criteria

DRB also offers parents of Bachelor degree holders the opportunity to refinance student loans they took out to finance their child’s education as long as their child has graduated and is working. Parents can refinance Parent PLUS loans in their own name or their child’s name.

3.64% – 6.29% (with autopay) variable rates

4.20% – 7.20% (with autopay) fixed rates

5, 7, 10, 15, 20 year repayment terms

Maximum variable rates capped at 9% for 5-10 year terms. For greater than 10 year term, maximum rate cap is 10% APR

No origination fee or prepayment penalty

.25% Interest Rate Reduction with automatic payments via ACH

Variable rate choices comprise of a range from 3.89% every year to 5.54% every year for a 5-year term, 3.94% every year to 5.74% every year for a 7-year term, 3.99% every year to 5.94% every year for a 10-year term, 4.09% every year to 6.29% every year for a 15-year term, and 4.19% every year to 6.54% every year for a 20-year term, with no start charges. The variable loan costs depend on a Current Index, which is the 3-month London Interbank Offered Rate (LIBOR), as distributed in the “Cash Rates” area of The Wall Street Journal (Eastern Edition). The variable loan costs and Annual Percentage Rate (APR) will increment or abatement with the 3-month LIBOR list changes. The variable financing costs are computed by including an edge going from 2.84% to 4.49% for the 5-year term credit, 2.89% to 4.69% for the 7-year term advance, 2.94% to 4.89% for the 10-year term advance, 3.04% to 5.24% for the 15-year term advance, and 3.14% to 5.49% for the 20-year term advance, individually, to the every day normal of the 3-month LIBOR list distributed on every business day amid the 91-day time frame finishing on the twentieth day of the date-book month promptly going before each “Change Date,” as characterized beneath, adjusted to two decimal spots, with no beginning expenses. (For motivations behind deciding the 3-month LIBOR file, a business day is any Monday through Friday barring U.S. government occasions.) The variable loan fee will change quarterly on the principal day of each timetable quarter (“Change Date”) if the Current Index changes. The regularly scheduled installment for a specimen $10,000 credit at a scope of 3.89% every year to 5.54% every year for a 5-year term would be from $183.69 to $191.23. The regularly scheduled installment for a specimen $10,000 credit at a scope of 3.94% every year to 5.74% every year for a 7-year term would be from $136.43 to $144.87. The regularly scheduled installment for a specimen $10,000 advance at a scope of 3.99% every year to 5.94% every year for a 10-year term would be from $101.22 to $110.75. The regularly scheduled installment for a specimen $10,000 advance at a scope of 4.09% every year to 6.29% every year for a 15-year term would be from $73.94 to $85.99. The regularly scheduled installment for an example $10,000 credit at 4.19% every year to 6.54% every year for a 20-year term would be $61.63 to $74.83. APR is liable to increment after fulfillment.