Credible Student Loans: 2025 Review

New private student loans

By working with many different financial providers, Credible can offer competitive rates and terms for private student loans that start at a minimum of $1,000 and can cover up to 100% of the total cost of attendance. Within its private student loan marketplace, Credible can help borrowers find undergraduate, graduate, parent, law school, medical school and MBA loans — each product featuring the same APR, term and loan amount range under the private loan umbrella.

Depending on the lender and private student loan product you choose, you may have the following repayment options:

• Immediate payment: You begin paying a full monthly payment on principal and interest once loan funds are disbursed.
• Interest-only payment: You only pay interest on the loan while in school.
• In-school payment: You make a lower monthly payment on principal and interest while in school.
• Deferred payment: You don't pay anything on the loan until after you graduate, when your grace period, usually six months, ends. However, interest still accumulates while you're in school.

Credible student loan refinancing

Credible's refinance marketplace helps you compare various refinance products for private student loans and parent loans. You can also refinance federal student loans through Credible, though you'll lose certain benefits, like access to income-driven repayment plans and possible student loan forgiveness. Credible also offers refinancing for those who didn't graduate.

Since there are various lenders on Credible's platform, rates and terms vary. The APR range starts below 4 percent and maximum limits can go up to 100 percent of the amount you owe on the loans you're refinancing.

Where Credible falls short

• Limited selection of lenders: While Credible partners with a good selection of lenders, it does not partner with all major players in the student loan space.
• Loan details vary: While you can compare some information about the lenders you're matched with, you won't get specific loan details, including qualification requirements, fees and grace periods.
• Account required: In order to compare prequalification rates from lenders or apply for a loan, you'll need to create an account.

Credible vs. Earnest

Credible and Earnest both offer refinancing and private loan options for parents, undergrads, graduate school students and those pursuing law, medical or MBA degrees. Though Credible's variety of lenders give borrowers flexibility to pick a loan that best fits their financial situation, Earnest's loan features provide flexibility, too, including the ability to pick from four payment options, skip one payment each year and enjoy a nine-month grace period, longer than most student loans.

Both lenders feature a rate guarantee, but while Credible gives a $200 gift card and Earnest gives a $100 card, Earnest will also match the best rate.

Credible vs. SoFi

Since SoFi is a single lender, borrowers are able to dive deeper into the lender's requirements and loan details, including its minimum credit score of 640. And while SoFi is the Bankrate 2025 award winner for borrowers with good credit, it may not be the best option for those with average-to-low credit. Since Credible works with multiple lenders, it may have better student loan options for bad-credit borrowers.

How Bankrate ranks Credible student loans

Methodology

Bankrate uses two methodologies to score lenders that have new student loans and refinance products.

While many felt positive about their process from start to finish, others didn't have the same experience. Many of the negative reviews centered around inaccurate rate quotes, trouble with their recommended lender and communication issues.

As one reviewer wrote:

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