Citizens Bank Private Student Loans

on May 31, 2017

Citizens Bank provides private student loans for undergraduate and graduate students and private parent loans for parents of undergraduate students.

 

Highlights:

  • Competitive interest rates as low as 3.22% (variable) and 4.99% (fixed) with no fees
  • 24/7 customer service
  • Discounts include a 0.25% interest rate reduction for auto-debit as well as a loyalty discount
 


The Citizens Bank private student loans offer variable interest rates of 3.22% to 9.89% and fixed interest rates of 4.99% to 11.75%. There are no application, origination or disbursement fees.

 

The interest rates are reduced by 0.25 percentage points for automatic payments and 0.25 percentage points for borrowers who already have a Citizens Bank account.

 

Cumulative loan limits are $90,000 for undergraduate students and $110,000 for graduate students.

 

In-school payment options include immediate repayment, interest-only repayment and full deferment.

 

Repayment terms include 5, 10 and 15 years.

 

Cosigner release is available after 36 months of consecutive, full, on-time monthly payments.

 

Citizens Bank offers death and disability discharges similar to the ones offered on federal education loans.

 

 

Disclaimer: This is not intended to be an endorsement of any one student loan product over another. Please note that Cappex.com is paid by Credible Labs, Inc. for advertisements that appear on this website.

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