List of Private/Personal/Alternative Loan Lenders

"List of Private/Personal/Alternative Loan Lenders" submitted by SchoolGrantsfor Editorial Team and last updated on Monday 9th January 2012

Before you start to go for a Private Loan/Personal Loan/ Alternative Loan you should know its Repayment Terms and Conditions, Interest Rate, Eligibility, Difference from Federal Student Loans and Other essentials. Check below topics:

Find All Available Student Private Education Loans. This is a list of the most popular private student loans and private consolidation loans.

Lender Loan Limits Rates (Min/Avg/Max) Fees Term
Charter One 0.50% interest rate reduction for auto-pay from a Charter One Bank account. Cosigner release after initial 36 consecutive on-time payments. Rates effective 6/8/10. Rates and other product features are subject to change at any time. TruFit Student Loan (School Certified) COA-Aid $120,000 cumulative (includes federal and private) 1-month LIBOR + 3.00% 1-month LIBOR + 11.25% 0.0% 15 years
Chase Student Loans 0.25% interest rate reduction for auto-debit. Cosigner release available after 36 consecutive on-time payments of principal and interest any time after repayment begins. Rates effective as of 8/6/2010. Rates and other product features are subject to change. Chase Select Undergraduate Loan COA-Aid $120,000 cumulative 3M LIBOR + 3.40% 3M LIBOR + 9.25% None Up to 25 years
Chase Select Graduate Loan COA-Aid $180,000 cumulative 3M LIBOR + 3.40% 3M LIBOR + 9.25% None Up to 25 years
Chase Select Graduate Health Professions Loan COA-Aid $250,000 cumulative 3M LIBOR + 3.40% 3M LIBOR + 9.25% None Up to 25 years
Citi Student Loans 0.25% interest rate reduction for auto-debit. Cosigner release after 24 consecutive on-time monthly payments if borrower is creditworthy and a US citizen or permanent resident. No payments required while in school or during a grace period. Available to students enrolled full-time, half-time or less as well as international students. Rates effective as of 6/19/2010. Private student loans are originated by Citibank, N.A. and assigned to The Student Loan Corporation. CitiAssist Undergraduate Loans COA-Aid $120,000 cumulative 3M LIBOR + 3.25% 3M LIBOR + 11.00% 0% or 3% up to 15 years with 6 month grace period
CitiAssist Graduate Loans COA-Aid $150,000 cumulative 3M LIBOR + 3.25% 3M LIBOR + 11.00% 0% or 3% up to 20 years with 6 month grace period
CitiAssist Health Professions Loans COA-Aid $275,000 cumulative 3M LIBOR + 3.25% 3M LIBOR + 11.00% 0% or 3% up to 25 years with 9 month grace period
CitiAssist Residency, Relocation and Review Loans $18,000 3M LIBOR + 3.25% 3M LIBOR + 11.00% 0% or 3% up to 25 years with 9 month grace period
CitiAssist Law Loans $180,000 cumulative 3M LIBOR + 3.25% 3M LIBOR + 11.00% 0% or 3.0% up to 20 years with 9 month grace period
CitiAssist Bar Exam Loans $15,000 3M LIBOR + 3.25% 3M LIBOR + 11.00% 0% or 3% up to 20 years with 6 month grace period
Citizens Bank 0.50% interest rate reduction for auto-pay from a Citizens Bank account. Cosigner release after initial 36 consecutive on-time payments. Rates effective 6/8/10. Rates and other product features are subject to change at any time. TruFit Student Loan (School Certified) COA-Aid $120,000 cumulative (includes federal and private) 1-month LIBOR + 3.00% 1-month LIBOR + 11.25% 0.0% 15 years
Commerce Bank Funded by Sallie Mae Bank. Lender ID 900917. Borrowers may apply for cosigner release after successful completion of their education and 12 months of on-time payments of principal and interest. 0.25% interest rate reduction for auto-debit. 2% "Smart Reward" rebate on on-time in-school monthly interest payments. The interest rates may be up to 0.50% better for borrowers who apply with a creditworthy cosigner. Rates effective as of 5/10/2010. The Sallie Mae web site provides additional details concerning the Smart Option loan terms and APR information. Smart Option Student Loan for Undergraduate, Graduate and Professional School Students (School Certified) COA-Aid 1-month LIBOR + 2.5% 1-month LIBOR + 9.875% No disbursement or repayment fees. 5-15 years based on loan balance and year in school.
Career Training Smart Option Student Loan for Students attending Career and Vocational Training Schools (School Certified) COA-Aid 1-month LIBOR + 9.5% 1-month LIBOR + 13.5% 0% - 5% disbursement fee. No repayment fees. 5-15 years based on loan balance and year in school.
Discover Student Loans 0.25% interest rate reduction for auto debit, 2% cash back at graduation. Rates effective as of 6/1/09. Discover Certified Private Loan for Undergraduates School Certified COA-Aid PRIME + 0.5% PRIME + 7.75% no fees 15 years
Discover Certified Private Loan for Graduates School Certified COA-Aid PRIME + 0.5% PRIME + 7.75% no fees 20 years
Fifth Third Bank Funded by Fifth Third Bank. Lender code 508780. Private loans are serviced by Sallie Mae. Borrowers may apply for cosigner release after successful completion of their education and 12 months of on-time payments of principal and interest. A 0.25% percentage point interest rate reduction is available for automatic debit. 2% "Smart Reward" rebate on on-time in-school interest payments. The interest rates may be up to 0.50% better for borrowers who apply with a creditworthy cosigner. Rates effective as of 6/28/2010. The Fifth Third web site provides additional details concerning the Smart Option loan terms and APR information. Smart Option Student Loan funded by Fifth Third Bank for Undergraduate, Graduate and Professional School Students (School Certified) COA-Aid ($1,000 minimum) 1-month LIBOR + 2.5% 1-month LIBOR + 10.875% Borrowers may choose either fixed payments of $25/month or full interest payments while in school and for six months thereafter. Payments of full principal and interest begin following the last day of the separation period and continue during the remainder of the term. No disbursement fee. No repayment fee. 5-15 years based on loan balance and year in school.
Bar Study Loan funded by Fifth Third Bank $1,000 (min) $15,000 (max) 1-month LIBOR + 5.0% 1-month LIBOR + 14.0% 0% to 5% at disbursement. No repayment fee. Up to 15 years.
Residency and Relocation Loan funded by Fifth Third Bank $1,000 (min) $15,000 (max) 1-month LIBOR + 5.0% 1-month LIBOR + 14.0% 0% to 4% at disbursement. No repayment fee. Up to 20 years.
Graduate Leverage 0.25% interest rate reduction for auto-debit (ACH) for all loan programs. School-certified Private Loans (Undergraduate Students) COA-Aid $25,000/year 1-month LIBOR + 1.75% 1-month LIBOR + 10.0% 0% to 6% Up to 20 years, depending on loan balance
School-certified Private Loans (Graduate Students) COA-Aid $25,000/year 1-month LIBOR + 1.75% 1-month LIBOR + 10.0% 0% to 6% Up to 20 years, depending on loan balance
Medical Residency & Relocation Loan Program $20,000 1-month LIBOR + 5.0% 1-month LIBOR + 8.0% 1% interest rate reduction upon entering repayment 0% to 6% Up to 15 years, depending on loan balance
Dental Residency & Relocation Loan Program $20,000 1-month LIBOR + 5.0% 1-month LIBOR + 9.0% 1% interest rate reduction upon entering repayment 0% to 6% Up to 15 years, depending on loan balance
Veterinary Internship & Relocation Loan Program $20,000 1-month LIBOR + 5.0% 1-month LIBOR + 9.0% 1% interest rate reduction upon entering repayment 0% to 6% Up to 15 years, depending on loan balance
Bar Study Loan $17,500 1-month LIBOR + 3.0% 1-month LIBOR + 12.0% 1% interest rate reduction upon entering repayment 0% to 6% Up to 15 years, depending on loan balance
Independent Community Bankers of America (ICBA) 0.25% interest rate reduction for auto-debit. Cosigner release option after initial 48 consecutive on-time payments and satisfying credit criteria, if requested by borrower. iHELP Loan COA-Aid $100,000 cumulative (undergraduate), $150,000 cumulative (graduate), $200,000 cumulative (professional) 3M LIBOR + 6.0%, adjusted quarterly $97 and 2% origination fees added to loan principal at disbursement. 3% fee (co-signed loans) or 5% fee (non-cosigned loans) added upon entering repayment. Up to 20 years, depending on amount borrowed
Maine Educational Loan Authority (MELA) Rates effective August 1, 2010. Must be a Maine resident or attending a Maine college to apply for this loan. The Maine Loan COA-Aid 7.75% for all borrowers, regardless of credit. Requires interest-only payments during the in-school and six-month grace periods. 4% fee added to loan balance at disbursement. 5 to 15 years, depending on amount borrowed
The Maine Medical Loan COA-Aid 7.75% for all borrowers, regardless of credit. Option to defer principal and interest during the in-school period and for up to four years of residency and internship. 4% fee added to loan balance at disbursement. 5 to 15 years, depending on amount borrowed
MEFA Borrower or co-borrower or student must live in Massachusetts or the student must be attending a Massachusetts college or university. MEFA Undergraduate Loan (cosigned) COA-Aid 7.75% fixed (immediate repayment) 8.89% fixed (defer repayments until up to 6 months after graduation; 5 year deferment limit) 4% 15 years
MEFA Graduate Loan COA-Aid 8.89% fixed (repayment deferred until up to 6 months after graduation, 36 month deferment limit) 4% (with cosigner) 7% (without cosigner) 15 years
NYHELPs Student borrower, non-student borrower and cosigner (required for student borrowers) must be New York residents. Student must be matriculated in an eligible program at least half time at a participating New York college. 0.25% interest rate reduction for auto-debit. Cosigner release option available for borrowers who satisfy credit criteria (at time of release) after 48 consecutive on-time payments after graduation. Only borrowers who pay at least the interest during the in-school period are eligible for cosigner release. NYHELPs Principal & Interest Payments During In-School/Grace Period (required for non-student borrowers) $10,000 annual (freshmen) $15,000 annual (sophomores) $20,000 annual (juniors, seniors and graduate students) $20,000 cumulative (2-year undergraduate) $50,000 cumulative (4-year undergraduate) $70,000 cumulative (undergraduate and graduate combined) 7.55% fixed 4% to 6% (with cosigner) 4% or 8% (non-student borrower without cosigner) 10 to 20 years, depending on amount borrowed
NYHELPs Interest-Only Payments During In-School/Grace Period (student borrowers only) 8.25% fixed 5% to 7% (with cosigner)
NYHELPs Full Deferment of Principal and Interest During In-School/Grace Period (student borrowers only) 8.75% fixed 7% (with cosigner)
PNC Education Lending 0.50% interest rate reduction for auto-debit. Co-signer release option after 48 consecutive on-time payments. PNC Solution Loan for Undergraduates COA-Aid LIBOR + 4.0% LIBOR + 10.75% 0% to 6% 15 years
PNC Solution Loan for Graduates $65,000/year $225,000 cumulative LIBOR + 4.0% LIBOR + 10.75% 0% to 6% 15 years
PNC Solution Loan for Health Professions $65,000/year $225,000 cumulative Up to $15,000 residency relocation loan LIBOR + 4.0% LIBOR + 10.75% 0% to 6% 15 years
PNC Solution Loan for Bar Study Up to $15,000 LIBOR + 4.0% LIBOR + 10.75% 0% to 6% 15 years
Regions Bank Funded by Sallie Mae Bank. Lender ID 900902. Borrowers may apply for cosigner release after successful completion of their education and 12 months of on-time payments of principal and interest. 0.25% interest rate reduction for auto-debit. 2% "Smart Reward" rebate on on-time in-school monthly interest payments. The interest rates may be up to 0.50% better for borrowers who apply with a creditworthy cosigner. Rates effective as of 5/10/2010. The Regions web site provides additional details concerning the Smart Option terms and APR information. The Sallie Mae Smart Option Student Loan for Regions Bank is for Undergraduate, Graduate and Professional School Students (School Certified) COA-Aid 1-month LIBOR + 2.5% 1-month LIBOR + 9.875% No disbursement or repayment fees. 5-15 years based on loan balance and year in school.
The Sallie Mae Career Training Smart Option Student Loan for Regions Bank is for Students attending Career and Vocational Training Schools (School Certified) COA-Aid 1-month LIBOR + 9.5% 1-month LIBOR + 13.5% 0%-5% disbursement fee. No repayment fees. 5-15 years based on loan balance and year in school.
Rhode Island Student Loan Authority (RISLA) Loans are available for Rhode Island residents attending schools in and out-of-state and non-Rhode Island residents enrolled at an eligible Rhode Island college or university. Rates are effective for the 2010-2011 academic year. Rhode Island Family Education Loan (RIFEL) COA-Aid $175,000 cumulative 7.25% fixed (immediate repayment) with a 10-year repayment term 7.76% fixed (immediate repayment) with a 15-year repayment term 8.49% fixed (defer repayments until up to 6 months after graduation; 54 months deferment limit unless borrower enrolled fulltime in a 5 year program or graduate school) with a 15-year repayment term 4% 10-15 years
Sallie Mae Funded by Sallie Mae Bank. Lender ID 900905. 2% Smart RewardSM rebate on on-time in-school monthly interest payments. 0.25% interest rate reduction for auto-debit. The interest rates may be up to 0.50% better for borrowers who apply with a creditworthy cosigner. Borrowers may apply for cosigner release after successful completion of their education and 12 months of on-time payments of principal and interest. Rates effective as of 6/28/2010. Additional terms, conditions and limitations apply. Sallie Mae reserves the right to modify or discontinue products, services and benefits at any time without notice. The Sallie Mae web site provides additional details concerning the Smart Option loan terms and APR information. Check the Sallie Mae web site to obtain the most up-to-date information. Smart Option Student Loan — Fixed Repayment Option Fixed payments of $25/month while in school and for six months thereafter. Payments of full principal and interest begin following the last day of the separation period and continue during the remainder of the term. For Undergraduate, Graduate and Professional School Students attending degree-granting institutions only. (School Certified) COA-Aid 1-month LIBOR + 3.5% 1-month LIBOR + 10.875% No disbursement or repayment fees. 5-15 years based on loan balance and year in school.
Smart Option Student Loan — Interest Repayment Option Full interest payments while in school and for six months thereafter. Payments of full principal and interest begin following the last day of the separation period and continue during the remainder of the term. For Undergraduate, Graduate and Professional School Students attending degree-granting institutions only. (School Certified) COA-Aid 1-month LIBOR + 2.5% 1-month LIBOR + 9.875% No disbursement or repayment fees. 5-15 years based on loan balance and year in school.
Career Training Smart Option Student Loan — Fixed Repayment Option Fixed payments of $25/month while in school and for six months thereafter. Payments of full principal and interest begin following the last day of the separation period and continue during the remainder of the term. For students attending Career and Vocational Training Schools (School Certified) COA-Aid 1-month LIBOR + 8.5% 1-month LIBOR + 12.5% 0%-5% disbursement fee. No repayment fees. 5-15 years based on loan balance and year in school.
Career Training Smart Option Student Loan — Interest Repayment Option Full interest payments while in school and for six months thereafter. Payments of full principal and interest begin following the last day of the separation period and continue during the remainder of the term. For students attending Career and Vocational Training Schools (School Certified) COA-Aid 1-month LIBOR + 7.75% 1-month LIBOR + 11.75% 0%-5% disbursement fee. No repayment fees. 5-15 years based on loan balance and year in school.
South Carolina Student Loan Corporation Palmetto Assistance Loan COA-Aid $100,000 cumulative 7.15% to 9.15% (fixed) 1% to 3% based on credit 10-15 years
Student Loan Network 0.25% interest rate reduction for auto-debit. 0.25% interest rate reduction for first 36 consecutive on-time payments (48 months for international). Act Education Loan for Undergraduate Students COA-Aid $40,000/year $130,000 cumulative LIBOR + 3.5% LIBOR + 7.75% 3% to 10.5% 20 years
Act Education Loan for Graduate Students COA-Aid $40,000/year $130,000 cumulative LIBOR + 3.5% LIBOR + 7.75% 4.5% to 10.5% 20 years
Act Education Loan for K-12 Students COA-Aid $30,000/year $130,000 cumulative LIBOR + 4.95% (min & max) 6% (min & max) 20 years
Act Education Loan for Continuing Education Students COA-Aid $15,000/year $30,000 cumulative LIBOR + 3.75% LIBOR + 8% 4.5% to 10.5% 20 years
GradLoans.com Graduate Student Loan COA-Aid $50,000/year $120,000 cumulative LIBOR + 4.95% LIBOR + 7.75% Rates may differ according to repayment option. Rates during repayment may be higher than rates during the in-school period. 0% to 8% 15 years
GradLoans.com Medical School Loan COA-Aid $70,000/year $225,000 cumulative 20 years
GradLoans.com Dental School Loan COA-Aid $70,000/year $225,000 cumulative 20 years
GradLoans.com Law School Loan COA-Aid $70,000/year $130,000 cumulative 15 years
GradLoans.com MBA Student Loan COA-Aid $70,000/year $120,000 cumulative 15 years
GradLoans.com Bar Exam Loan $1,500 - $15,000 (one time loan) 15 years
GradLoans.com Medical Boards Exam Loan $1,500 - $15,000 (one time loan) 15 years
GradLoans.com Medical Residency/Relocation Loan $1,500 - $15,000 (one time loan) 15 years
GradLoans.com Dental Boards Exam Loan $1,500 - $15,000 (one time loan) 15 years
GradLoans.com Dental Residency/Relocation Loan $1,500 - $15,000 (one time loan) 15 years
InternationalStudentLoan.com - Undergradute Internationals in the U.S. (TERI schools. Requires US citizen or permanent resident cosigner.) COA-Aid $40,000/year $130,000 cumulative LIBOR + 3.5% LIBOR + 7.75% 3% to 10.5% 20 years
InternationalStudentLoan.com - Gradute Internationals in the U.S. (TERI schools. Requires US citizen or permanent resident cosigner.) COA-Aid $40,000/year $130,000 cumulative LIBOR + 3.5% LIBOR + 7.75% 4.5% to 10.5% 20 years
StudyAbroadLoans.com - Undergraduate Students Studying Abroad COA-Aid $50,000/year $120,000 cumulative LIBOR + 4.95% LIBOR + 7.75% Rates may differ according to repayment option. Rates during repayment may be higher than rates during the in-school period. 0% to 8% 15 years
StudyAbroadLoans.com Graduate Students Studying Abroad COA-Aid $70,000/year $120,000 cumulative ($130,000 for law or osteopathic, $225,000 for medical or dental) 15-20 years
StudentLoans.com

(A Brazos company.)

Undergraduate Private Loan Graduate Private Loan Elementary / Middle School Private Loan High School Private Loan Continuing Education Private Loan COA-Aid or $30,000 ($40,000 where COA > $30,000) whichever is less No cumulative limit LIBOR + 1.8% LIBOR + 7.5% 0% to 9% 20 years
SunTrust Education Loans 0.25% interest rate reduction for auto-debit. Principal reduction after graduation ($300 Academic Answer, 1% CustomChoice). Cosigner release option after 48 months (CustomChoice). Rates effective 8/1/2010. Certain restrictions and limitations may apply. SunTrust Bank reserves the right to change or discontinue these programs without notice. Please visit the Custom Choice Loan and Academic Answer web sites for detailed information regarding loan terms, conditions, and current APRs. SunTrust Academic Answer Loan - Undergraduate COA-Aid $100,000 cumulative (includes federal and private student loan debt) 1-month LIBOR + 3.50% 1-month LIBOR + 11.25% None Up to 15 years
SunTrust Academic Answer Loan - Graduate COA-Aid $150,000 cumulative (includes undergraduate and graduate federal and private student loan debt) 1-month LIBOR + 3.50% 1-month LIBOR + 11.25% None Up to 15 years
Custom Choice Loan (DC, FL, GA, MD, NC, PA, SC, TN, VA) COA-Aid or $65,000 (whichever is less) $150,000 cumulative (includes federal and private student loan debt of borrower and cosigner, each) Fixed: 4.90% to 16.56% Variable: 1-month LIBOR + 3.50% 1-month LIBOR + 13.45% 0% to 6% 5 to 20 years, depending on loan amount
Custom Choice Loan (AZ, AR, CA, CT, IN, KS, LA, ME, MA, MI, MN, MO, MS, NE, NH, NJ, OH, OK, RI, VT, WV) COA-Aid or $65,000 (whichever is less) $150,000 cumulative (includes federal and private student loan debt of borrower and cosigner, each) Fixed: 4.90% to 16.56% Variable: 1-month LIBOR + 3.50% 1-month LIBOR + 13.45% 0% to 6% 5 to 20 years, depending on loan amount
Think Student Loans (Think Financial) 0.25% interest rate reduction for auto-debit. 0.25% interest rate reduction for first 36 consecutive on-time payments. Undergraduate Students $40,000/year $130,000 cumulative LIBOR + 3.50% LIBOR + 7.75% 3.0% to 10.5% Up to 20 years
Graduate Students $40,000/year $130,000 cumulative LIBOR + 3.50% LIBOR + 7.75% 4.5% to 10.5% Up to 20 years
Continuing Education Loan $30,000/year $130,000 cumulative LIBOR + 3.75% LIBOR + 8.00% 4.5% to 10.5% Up to 20 years
K-12 Loan $30,000/year $130,000 cumulative LIBOR + 4.95% 6.0% Up to 20 years
U.S. Bank 0.50% interest rate reduction for auto-pay Rates effective 4/1/2010 U.S. Bank No Fee Education Loan Up to $20,000 annually (per grade level)/$50,000 cumulative PRIME + 0.95% PRIME + 1.95% PRIME + 5.75% PRIME + 8.95% None Up to 15 years
Wells Fargo Private Student Loans 0.25% interest rate reduction for auto-debit from a personal checking or savings account. 0.5% interest rate reduction upon validation of graduation. Benefits listed may vary and are subject to change. Variable rate has a floor rate of 3.25%. Wells Fargo Collegiate Loan COA-Aid $120,000 cumulative PRIME + 1.0% PRIME + 7.99% 0% 15 years
MedCAP Alternative Loan COA-Aid $120,000 to $250,000 cumulative, depending on program PRIME + 1.50% PRIME + 4.0% 0% 15-20 years
MedCAP XTRA $12,500 for medical boards and clinical exams, $15,000 for residency interview and relocation, $5,000 for internships. Subject to same aggregate limits as MedCAP Alternative Loan. PRIME + 4.5% 0% 15-20 years
Wells Fargo Graduate Loan COA-Aid $120,000 to $180,000 cumulative, depending on program PRIME + 1.50% PRIME + 5.00% 0% 15 years
Wells Fargo Bar Exam Loan $12,000 $180,000 aggregate PRIME + 4.5% 0% 15 years
Wells Fargo Education Connection Loan $25,000/year $100,000 cumulative PRIME + 2.50% PRIME + 9.49% 2% 15 years
Wells Fargo Private Student Loan for Parents $25,000/year $100,000 cumulative PRIME + 1.0% PRIME + 7.49% No fees. 15 years

Source: FinAid

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