Splash Financial Review: Student Loan Refinancing

Splash Financial is a marketplace that gives you offers from multiple lenders to refinance your student loans.
Cecilia Clark
Last updated on April 16, 2024
Edited by
✅ Fact checked and reviewed
Des Toups
Edited by
✅ Fact checked and reviewed

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Our Take


NerdWallet rating
The Nerdy headline:

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.

Jump to:Full Review
Splash Financial Student Loan Refinance
Splash Financial Student Loan Refinance

Min. credit score
Fixed APR
Variable APR
on Splash Financial's website


  • Select from multiple repayment options between 5 and 25 years.

  • You can see if you’ll qualify and what rate you’ll get without a hard credit check.


  • 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 student loan refinancing
Fixed APR
Min. credit score
Variable APR
SoFi Student Loan RefinancingSoFi Student Loan Refinancing
Check rateon SoFi's website
on SoFi's website
5.24- 9.99%
6.24- 9.99%
Earnest Student Loan RefinanceEarnest Student Loan Refinance
Check rateon Earnest's website
on Earnest's website
5.19- 9.74%
5.99- 9.74%
Check rateon Earnest's website
on Earnest's website
Splash Financial Student Loan RefinanceSplash Financial Student Loan Refinance
Check rateon Splash Financial's website
on Splash Financial's website
6.64- 8.95%
7.60- 7.85%
Check rateon Splash Financial's website
on Splash Financial's website
LendKey Student Loan RefinanceLendKey Student Loan Refinance
Check rateon LendKey's website
on LendKey's website
COMPARE RATESon Credible’s website
on Credible’s website
5.49- 12.18%
5.52- 8.70%
Education Loan Finance Student Loan RefinanceEducation Loan Finance Student Loan Refinance
Check rateon Education Loan Finance's website
on Education Loan Finance's website
5.48- 8.69%
5.28- 8.99%
Check rateon Education Loan Finance's website
on Education Loan Finance's website

Full Review

Splash Financial is a marketplace which offers student loan refinance loans originated by various credit unions and banks. You can receive refinancing offers from these lenders by completing a single application on the Splash Financial website. This is similar to Credible 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.

Because Splash Financial works with different credit unions and banks, if you're looking for specific benefits, you'll need to contact the lender or Splash directly.

Splash Financial student loan refinancing at a glance

  • Complete one application to get offers from multiple refinance lenders.

  • Loan features and policies vary by lender and application channel.

  • Offers personalized rate estimates via a soft credit check.

How Splash Financial could improve

Splash Financial could improve by:

  • Offering consistent policies on forbearance, co-signing loans and other features that all partner lenders must adhere to.

  • Allowing customers to apply with a co-signer.

  • Offering deferment to all borrowers who return to school.

Splash Financial student loan refinancing details

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.

    • Soft credit check to qualify and see what rate you’ll get: Yes.

    • Loan terms: Multiple options between 5 and 25 years.

    • Loan amounts: $5,000 to $500,000.

    • Can refinance a loan taken out by parents in the borrower's name that went toward the borrower's education: Yes.

    • Can refinance Federal PLUS loans: Yes.

    • Application fee: No.

    • Prepayment penalty: No.

    • Late fees: Yes; late fees vary by lender and are usually charged 15 days from the payment due date.

    Compare Splash Financial’s range of interest rates with other student loan refinance lenders. Your actual rate will depend on factors including your credit history and financial situation. To see what rate Splash Financial will offer you, apply on its website.

  • Financial

    • Minimum credit score: 650.

    • Minimum income: None.

    • Typical credit score of approved borrowers or co-signers: Did not disclose.

    • Typical income of approved borrowers: Did not disclose.

    • Maximum debt-to-income ratio: Did not disclose.

    • Can qualify if you’ve filed for bankruptcy: Did not disclose.


    • Citizenship: Must be a U.S. citizen or permanent resident.

    • Location: Available in all 50 U.S. states, but no U.S. territories.

    • Can refinance with an associates degree: No.

    • Can refinance with no degree: No.

    • Must have attended a school authorized to receive federal aid: Did not disclose.

    • Percentage of borrowers who have a co-signer: No co-signer option.

    • Academic deferment: No.

    • Military deferment: Did not disclose.

    • Forbearance: Depends on the lender. Some offer hardship forbearance while others do not.

    • Co-signer release available: No.

    • Death or disability discharge: Depends on the credit union or bank funding the loan.

    • Loan discharge if co-signer dies or becomes disabled: N/A.

    Repayment Preferences

    • Allows greater-than-minimum payments via autopay: Yes.

    • Allows biweekly payments via autopay: No.

    • Loan servicer: Firstmark, though it depends on the lender.

    • In-house customer service team: Yes.

    • Process for escalating concerns: Yes.

    • Borrowers get assigned a dedicated banker, advisor or representative: No.

    • Average time from approval to payoff: 5 business days from when the customer signs the credit agreement.

Before refinancing with Splash Financial

You can apply for a Splash Financial refinanced student loan on 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 borrowers who are struggling to make payments.

If you aren’t eligible to refinance with Splash Financial

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 prequalifying with multiple refinance lenders before you apply. This will let you know which lenders you may be eligible with, without affecting your credit.


Our survey of more than 29 banks, credit unions and online lenders offering student loans and student loan refinancing includes the top 10 lenders by market share and the top 10 lenders by online search volume, as well as lenders that serve specialty or nontraditional markets.

We consider 41 features and data points for each financial institution. Depending on the category, these include the availability of biweekly payments through autopay, minimum credit score and income requirement disclosures, availability to borrowers in all states, extended grace periods and in-house customer service.

The stars represent ratings from poor (one star) to excellent (five stars). Ratings are rounded to the nearest half-star.

on Splash Financial's website

Find the Right Student Loan

Private student loansStudent loan refinancingCalculate monthly paymentsGraduate school loansStudent loan interest rates

Frequently asked questions

  • Splash Financial was founded in 2013. It offers refinanced student loans originated from lending partners that include third-party credit unions and banks.

  • Splash Financial is an online marketplace. When you complete an application on its website, your information is shared with multiple lenders to see which would refinance your student loans and at what terms.

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