No matter your situation, Credible is a good place to begin your search. This platform works best for borrowers who want to compare loans without having to fill out multiple loan applications. Read our Credible review to learn about the pros and cons of this company, how it works and how you can use it to apply for student loans.
Updated on
Credible student loan review
When you need to borrow money to cover college tuition and fees, private student loans from Credible can help. This online lending marketplace lets you compare multiple student loan offers in one place.
Min. Credit Score 700+
Loan Amount Up to the cost of attendance
Loan Repayment 5 to 20 years
Written by:Holly Johnson
Summarized Rating
Loan Features4.7
Interest Rates & Fees4
Qualification Leniency3.7
Application Process3
Customer Support4
User Reviews4.3
This parameter considers loan term lengths, loan limits, and loan structure optionality (fixed and variable rate offerings). For each loan type offered, each of these features was evaluated using the five-point scoring system. Then, the various scores were aggregated and averaged to establish an overall loan features score.
Credible gets a stellar 4.7 for Loan Features, which is attributable to its highly flexible term lengths, loan amounts, and loan structure optionality (fixed vs. variable).
Credible Pros and Cons
Credible Pros
Compare multiple lenders loan offers.
Prequalify without a hard inquiry.
Choose from flexible repayment terms.
No origination or prepayment fees.
Refinance student loans you already have.
Qualify for competitive interest rates.
Credible offers a Best Rate Guarantee.
Credible Cons
Credible is not a direct lender.
Preapproved rates are not legally binding.
Once you enter all the requested information Credible requires, such as your name, your address, your income, your school and how much you're hoping to borrow, Credible can let you know if you're prequalified for a loan. Just keep in mind that prequalification does not guarantee approval. It only helps you gauge your ability to qualify.
About the Author
Holly Johnson
Holly Johnson is an award-winning writer who covers personal finance topics such as insurance, loans and loan products, budgeting, credit cards and loyalty programs.
More about me