Splash Financial Review: Student Loan Refinancing

Splash Financial is a marketplace that gives you offers from multiple lenders to refinance your student loans.
Cecilia ClarkSep 13, 2021

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Our Take

4.5

NerdWallet rating 

The bottom line: Splash Financial is an online marketplace founded in 2013 that offers student loan refinance loans from multiple partner lenders. It's best for borrowers who want quotes from more than one lender.

Splash Financial Student Loan Refinance
Check Rate

on Splash Financial's website

Fixed APR

2.49 - 5.79%

Min. Credit Score

650

Pros & Cons

Pros

  • You are assigned a dedicated account representative.
  • You can see if you’ll qualify and what rate you’ll get without a hard credit check.

Cons

  • Loan features vary by lender.
  • Forbearance and death discharge may not be available.
  • You may need to become a member of a credit union to qualify.

Compare to Other Lenders

Splash Financial Student Loan Refinance
PenFed Student Loan Refinance
Laurel Road Student Loan Refinance
NerdWallet rating 
NerdWallet rating 
NerdWallet rating 
Check RateCheck RateCheck Rate
Fixed APR

2.49 - 5.79%

Fixed APR

2.89 - 5.08%

Fixed APR

2.50 - 6.00%

Variable APR

N/A

Variable APR

N/A

Variable APR

1.89 - 5.90%

Min. Credit Score

650

Min. Credit Score

670

Min. Credit Score

660

Full Review

Splash Financial is a marketplace which offers student loan refinance loans originated by various credit unions and banks. You can receive offers from these lenders by completing a single application on the Splash Financial website. This is similar to and other sites with online loan marketplaces, including NerdWallet.

Splash Financial loan details vary by partner lender and application channel. This review outlines features that are available to Splash customers who prequalify via NerdWallet.

Splash Financial’s refinance partners include Nelnet Bank, Laurel Road and Pentagon Federal Credit Union, known as PenFed. If you want a specific benefit from one of Splash's partners — like PenFed combining your loans with your spouse's — contact the lender or Splash directly.

Splash Financial could improve by:

Splash Financial was founded in 2013 and offers loans from multiple lenders. The details below include all features you could receive by refinancing with Splash via NerdWallet. Check our reviews of , and to determine if these Splash partners offer the features you want.

You can apply for a Splash Financial refinanced student loan on its website. Before deciding on a student loan refinance lender, compare multiple 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 borrowers who are struggling to make payments.

If Splash Financial denies your refinance application, the lender will let you know why. Depending on the reason, you may want to consider other lenders or need a co-signer.

NerdWallet recommends before you apply. This will let you know which lenders you may be eligible with, without affecting your credit.

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 .

Frequently asked questions