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Splash Financial Review

Splash Financial is an online marketplace that allows individuals interested in refinancing their student loans to browse different types of loans, rates, and consolidation offers. Instead of taking the time and effort to compare rates on their own, individuals can use Splash Financial to do the work for them.

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 splashfinancial_logo-sl
4.4
Min. Credit ScoreMin. Credit Score Not disclosed
Loan AmountsLoan Amount $5K up to the cost of attendance
Fixed APRLoan Repayment 5 to 20 years
Katie Oelker
Written by:Katie Oelker
Personal Finance Expert

100,000 accounts and $6 billion in refinancing requests, Splash Financial is a leading loan refinancing marketplace. They offer three types of loans for students including student loan refinancing, medical school loan refinancing, in-school student loans. These loans are offered through their network of banks, credit unions, and other lenders. Students who have higher interest federal or private student loan debt may want to consider Splash as an option for their refinancing needs.

Summarized Rating

Loan Features5
Interest Rates and Fees4.8
Qualification Leniency4
Application Process3
Customer Support5
User Reviews4.8

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.

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Splash Financial 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).

Splash Financial Pros
Checking rates will not show up on a credit report
No fee to check your rate or apply for a loan
Lots of lender options
Strong third party reviews
Splash Financial Cons
May need to apply for membership if offer is through credit union
May be easier to apply directly through lender
Must be a U.S. citizen or qualifying status
Rate quoted may change when actually applying
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From there you will be able to select the “Check My Rate” button:

Frequently Asked Questions(FAQ)

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About the Author

Katie Oelker

Katie Oelker

Personal Finance Expert

Expertise in financial topics including budgeting, saving, simplifying investing, life and disability insurance, credit building and maintenance, and credit card travel rewards.

More about me