My friends private loans are like 25K at an avg of 13.4% in Sallie Mae
Refinancing now that their credit score is 700+ and graduated
Offers:
Sofi 8.24% 7 year
Elfy 7.34% 7 year (they accepted yesterday and fully applied just waiting on final approval)
Splash 8.14% 7 year
Now a rep from from YRefy called (guessing they got my friends info through splash as they never applied there?) and emailed that estimated fixed rate would be 2.16%. Is this a scam or fine print I’m missing?
60 months 2.16 YOUR TOTAL PAYMENTS
(PRINCIPAL AND INTEREST
BASED ON A PROGRAM RATE OF
ESTIMATED FIXED APR)
2.16%
What am I missing here?
Posted by Odd_Apricot_3402