Figure Student Loan Refinance Loan 2022


Figure stopped offering student loan refinance in May 2020, but the company plans to bring the product back in the spring of 2022. If you’re looking for a student loan refinance lender, visit US News Best Student Loan Refinance and Consolidation Page. The information below applied to Figure when it was still offering student loan refinancing.

Figure Lending was founded in 2018 and began refinancing student loans the following year. Consumers can get loans of up to $250,000 in as little as five business days.

  • The whole loan process is online.
  • Instant pre-approval and decisions are available.

  • Co-signers are not accepted.
  • Good credit is required.

Find the best student loan refinance lenders

Figure Lending only refinances student loans. You can refinance a loan from a bachelor’s, master’s or law degree.

Choose a fixed or variable interest rate loan with a term of 5 to 20 years to refinance your student loan. Loan amounts range from $5,000 to $250,000.

You won’t pay any application, set-up, prepayment or late fees, but you won’t get any discounts.

Figure Lending requires at least a FICO credit score of 680, which is in the good credit range. No debt ratio, credit history or employment requirements are specified.

Co-signers are not accepted, but pre-approvals and instant decisions are available.

Figure Lending has an F rating with the Better Business Bureau and an excellent rating with Trustpilot.

The Consumer Financial Protection Bureau received no student loan complaints in 2019 about Figure Lending.

Figure Lending offers a level repayment plan. This means that you will make the same payment each month for the duration of your loan.

In the event of financial hardship, you can access deferment or forbearance options. The death or permanent disability of the primary borrower may result in the release of the loans.

  • Graduates with good credit
  • Graduates who want to refinance their student loans completely online
  • Graduates who want a predictable loan payment

Figure Lending LLC is an equal opportunity lender. The Figure Student Refinance Loan is a private loan. If you are refinancing federal loans, you are giving up some flexible repayment options associated with those loans. If you expect to experience financial hardship that would affect your ability to repay, you should consider federal consolidation alternatives.

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