Offer Details: You have received this pre-qualified credit offer based on information contained in your credit report indicating that you meet certain credit criteria. This offer is conditioned on your continuing to meet these criteria and any other criteria bearing on creditworthiness established prior to your selection and our ability to verify the information you provide to us. However, we may not extend credit to you if, after receiving your response, we find you do not continue to meet any applicable criteria bearing on your creditworthiness established prior to your selection, if you omit any required information from your response, or do not meet additional pre-established credit criteria including, but not limited to, verifiable income to support your ability to repay the loan amount you requested.
The available loan amount and rate may differ depending on your income, creditworthiness, and length of loan term. Generally, the most creditworthy individuals will receive the lower rates and shorter loan terms will result in lower rates.
You must also be the legal age of majority in your state of residence, a US citizen or permanent resident alien, and have a valid checking account with a financial institution located in the United States. This offer is subject to verification of your identity and other criteria such as income and bank account.
Upon your authorization, we will obtain additional information about you, including obtaining a credit report(s), to verify that you continue to meet these criteria. This offer is not transferable and may only be accepted by the person to whom this offer is mailed. A valid, unexpired Personal Offer Code is required to respond to this offer.
To help the government fight the funding of terrorism and money laundering activities, federal law requires financial institutions to obtain, verify and record information that identifies each person who opens an account. When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you.
If your loan is approved for disbursement by 3:30 ET, we will send your funds to your designated checking account by the next business day. The timing of available funds may vary depending on your bank's policies.
If you refinance an existing loan or debt, you may lose rights or benefits under that existing loan or debt, including state or federal rights. This loan may not be used to pay for postsecondary educational expenses, preexisting postsecondary education loans, the purchase of real estate, the purchase of securities, or any illegal purpose.
Annual Percentage Rates (APRs) range from 6.99% to 24.99%. Not all applicants will receive the lowest rate; only the most creditworthy applicants will qualify for the lowest rates and longer-term loans may have higher rates. Loan amounts range from $3,000 to $35,000. You may not qualify for the amount you requested.
Loan repayment terms can be either 36 or 60 months. Loan Payment Example: For a typical 60-month term loan of $20,000 at a 15.99% fixed APR, you will make 59 monthly payments of $487.32 and one monthly payment of $387.45. For a typical 36-month term loan of $10,000 at 11.99% fixed APR, you will make 35 monthly payments of $332.64 and one monthly payment of $308.59. If you receive a loan, your actual monthly payment will depend on our evaluation of your creditworthiness and on the loan option that you select.
Borrowers who have an available FICO® Score, may receive their score quarterly after the first disbursement of their loan. The FICO® Score provided to you is the FICO® Score 8 based on TransUnion data, and is the same score that Sallie Mae uses, along with other information, to manage your account. FICO® Scores and associated educational content are provided solely for your own non-commercial personal review, use and benefit. This benefit may change or end in the future. FICO® is a registered trademark of the Fair Isaac Corporation in the United States and other countries.
Information advertised valid as of 07/20/2018.