The bottom line: First Republic Bank offers student loan refinancing to borrowers who live near a branch. Its refinancing loan is best for borrowers in good financial shape who already bank, or want to bank, with First Republic.
First Republic Student Loan Refinance
1.95 - 3.85%
Min. Credit Score
Did not disclose
Pros & Cons
You are assigned a dedicated relationship manager.
Interest rebate if you pay off your refinanced loan within four years.
You can see if you’ll qualify and what rate you’ll get without a hard credit check.
You must have a First Republic Bank ATM Rebate Checking account to receive the advertised rates.
No option to pause payments through deferment or forbearance, unlike other lenders.
Only available to borrowers who live near a First Republic Bank branch.
How does this loan compare?
First Republic Bank offers low student loan refinancing rates if you have its ATM Rebate Checking account and meet specific account requirements — like having direct deposit set up. If you already bank with First Republic or want to, you may benefit from those low rates and personalized service from a dedicated relationship manager.
First Republic's refinanced student loan is best for borrowers on solid financial footing. Unlike many refinance lenders, First Republic doesn’t offer any options to temporarily postpone repayment via deferment or forbearance. That means there’s no wiggle room if you get sick or lose your job, or if money is otherwise tight.
First Republic student loan refinancing at a glance
Must have a First Republic Bank ATM Rebate Checking account and meet account and deposit requirements to receive advertised rates.
Borrowers are paired with a dedicated relationship manager.
Offers personalized rate estimates via a soft credit check.
How First Republic could improve
First Republic Bank could improve its student loan refinance product by:
Providing deferment and forbearance programs.
Offering student loan refinancing for borrowers nationwide.
Letting borrowers without graduate degrees refinance less than $40,000.
How much can refinancing save?
First Republic student loan refinancing details
How to refinance with First Republic
You can apply for First Republic student loan refinancing at its website. Before deciding on a student loan refinance lender, compare multiple student loan refinance options to make sure you’re getting the best rate you qualify for. In addition to interest rates, compare lenders’ repayment options and the flexibility they offer for borrowers who are struggling to make payments.
STUDENT LOANS RATINGS METHODOLOGY
NerdWallet believes the best student loan is one you can repay at the lowest interest rate you can get. That’s why NerdWallet’s student loan ratings reward lenders that offer a variety of loan terms, limit their fees and penalties, and extend borrowers multiple options to avoid default. Points are also awarded for soft credit checks, underwriting transparency and other consumer-friendly features. Use these ratings as a guide, but we encourage you to shop around for the lowest interest rate you can qualify for. NerdWallet does not receive compensation for its reviews. Read our editorial guidelines.