NaviRefi is a division of Navient, which is a federal and private student loan servicer. The company offers an opportunity for student loan borrowers to refinance their existing loans into new payment terms and interest rates while avoiding costly fees associated with other student loan providers. Whether your goal is to lower your monthly payment or reduce the length of years on your loan, our NaviRefi review looks closely to see if this company is worth consideration.
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NaviRefi Review — Student Loan Refinancing with Flexibility
NaviRefi offers refinancing options and payment restructuring for both federal and private loans, without charging extra fees or prepayment penalties. For those searching for new loan options with their existing student loans NaviRefi could offer refinancing and repayment solutions where other lenders fall short.
Min. Credit Score 650+
Loan Amount Up to $500,000
Loan Repayment 5-20 years
Written by:Sara Coleman
Summarized Rating
Loan Features5
Interest Rates and Fees4.7
Qualification Leniency5
Application Process2
Customer Support5
User Reviews3.2
Perks Bonus5
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.
Navient gets a perfect 5.0 for Loan Features, which is attributable to its highly flexible and best-in-class term lengths, loan amounts, and loan structure optionality (fixed vs. variable).
NaviRefi Pros
NaviRefi Cons
You will have to enter your social security number and personal details.
Next comes the information request for both education, employment and income details.
Frequently Asked Questions(FAQ)
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This app literally changed my like. It provides a great experience. I absolutely love it!
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About the Author
Sara Coleman
Sara Coleman is a freelance writer with several years of experience covering personal finance topics such as insurance, loans, credit cards, budgeting and more.
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