Reduce your student loan interest to 11.5%*
- Get your loan refinanced in 3 days*
- Save up to $20,000*"
- Successfully financed more than 2000 users
What is refinancing?
Refinancing a loan means paying back your current loan with another loan taken at a lower interest rate. Refinancing helps you lower your EMI payments, so you can save more money!
Why choose us?
Fixed Interest Rate
Get the same interest rate for the entire tenure. No fluctuations, ever.
Build Strong USA Credit History
Having a strong credit history will let you get credit cards and loans easily.
No Prepayment Charges
Close your loan faster by prepaying without any additional fees.
Apply from the US
Refinance your loan while in the US on a visa, without a green card.
No collateral worries
Refinancing with Leap allows you to free up any collateral pledged initially.
Get dedicated help in your refinancing process, anytime.
Who can apply for Leap
Staying in Supported states
Refinance your loan in 5 simple steps
Start your application by entering your personal, academic and cosigner details
Get a loan offer based on your profile
Accept the offer and upload your address details along with important documents
Get sanction letter, and sign the contract
Get the money credited to your US Bank Account!
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Frequently asked questions
What is refinancing?
Refinancing is when you take another loan to pay off your existing loan. In this case, you'll be taking a new loan at a lower interest rate to pay off your existing education loan to reduce your EMIs.
Who is eligible for this education loan refinancing?
Students/Working Professionals who have an active loan for studying in a Masters program in STEM in the US are eligible for refinancing.
What's the loan amount that I can apply for?
You can check your outstanding balance with your existing loan provider and take the loan for the same amount with us. When you get the money from us in your US Bank account, you can pay off your existing loan.
In which currency will I get the loan?
You'll get the loan in USD in your US Bank account which you can use to pay off your existing education loan. Once you have paid off the current loan, you need to make the EMI payments in USD.
Can I pre-pay the loan anytime I want? Are there any charges on pre-payment?
Yes, you can easily make additional EMI payments as and when you want. There are no charges on the pre-payment of education loans.
How can I get tax benefit from the loan?
The student loan interest deduction allows you to deduct up to $2,500 for the interest which you paid during the year on qualifying student loans. Student loan interest is deductible if your modified adjusted gross income (MAGI), is less than $70,000. Read more here
We're here for you
Our loans expert will call you to explain the refinancing process.