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LOAN AMOUNT: Minimum loan amount of $5,000. Maximum amount of $35,000 for loan purposes of Auto Purchase, Business, Green Loan, Moving Expenses, and Other. Maximum loan amount of $45,000 for loan purposes of Debt Consolidation, Major Purchase, and Home Improvement. Additional proof of use documentation is required to be eligible for loan amounts in excess of $35,000. If you are a practicing Doctor [Doctor of Medicine (MD) or Doctor of Osteopathic Medicine (DO)] or Dentist [Doctor of Medicine in Dentistry or Doctor of Dental Medicine (DMD) or Doctor of Dental Surgery (DDS)] or if you are a resident, with one of the aforementioned degrees and a contract to start practicing within 12 months of application approval, you may be eligible to borrow up to $80,000.
Physicians & Dentists Personal Loan Estimated Payment Examples
Assumptions: Repayment examples below assume a loan amount of $10,000 with repayment beginning immediately following disbursement. Repayment examples do not include any discounts.
| Fixed Rate Loans |
| Term |
Interest Rate |
APR |
No. of Payments |
Monthly Payment |
Total Payments |
| 3 Year |
6.25% – 21.00% |
6.25% – 21.00% |
36 |
$305 - $377 |
$10,993 - $13,563 |
| 5 Year |
7.25% - 22.75% |
7.25% - 22.75% |
60 |
$199 - $280 |
$11,952 - $16,828 |
| 7 Year |
8.25% - 24.50% |
8.25% - 24.50% |
84 |
$157 - $250 |
$13,197 - $20,994 |
Annual Percentage Rate (“APR”): This term represents the actual cost of financing to the borrower over the life of the loan expressed as a yearly rate.
Interest Rate: A simple annual rate that is applied to an unpaid balance.
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AutoPay/EFT Discount: if the borrower chooses to setup monthly payments automatically by electronic fund transfer (EFT) from a bank account before closing, the interest rate will decrease by 0.25%. The discount will be reflected in your monthly payment.
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Maximum loan amount for those in training without a contract to practice are as follows: first year of study – $30,000; second year of study – $35,000; third year of study – $40,000 and fourth (and above) year of study – $45,000.
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Resident Personal Loan Estimated Payment Examples
Borrowers with a Doctor of Medicine (MD), Doctor of Osteopathic Medicine (DO), Doctor of Medicine in Dentistry or Doctor of Dental Medicine (DMD), Doctor of Dental Surgery (DDS) employed full time as an intern, resident, fellow, or similar postgraduate trainee at the time of loan disbursement are eligible to make $25 monthly payments ("Reduced Payment") throughout their training ("Residency Period"). These payments may not be enough to cover all of the interest that accrues on the loan. Unpaid accrued interest will be added to the loan principal and monthly payments of principal and interest will begin when the Residency Period ends. Any Reduced Payment offered will be for at least 12 months from the date of disbursement and last as long as the borrower is in training, limited to a maximum of 48 months.
Assumptions: Repayment examples above below a loan amount of $10,000 with repayment beginning immediately following disbursement. Repayment examples do not include the 0.25% AutoPay Discount. A borrower's actual rate and payment amount may vary, and is determined by the product, term, loan amount, and your credit qualifications.
| Fixed Rate Loans |
| Term |
Interest Rate |
APR |
Monthly Payment |
Total Payments |
| 5 Year |
8.00% – 23.75% |
7.79% – 21.53% |
24 months of $25
36 months of $345 - $553 |
$13,009 - $20,519 |
| 7 Year |
9.00% - 25.00% |
8.78% - 22.96% |
24 months of $25
60 months of $232- $423 |
$14,549 - $25,960 |
Annual Percentage Rate (“APR”): This term represents the actual cost of financing to the borrower over the life of the loan expressed as a yearly rate. The APR differs from the Interest Rate because the APR considers whether a borrower defers full payments of principal and interest.
Interest Rate: A simple annual rate that is applied to an unpaid balance.
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You will earn 2.0% in Cashback Rewards for each $1 spent on eligible Purchases if you redeem your Cashback Rewards towards your Student Loan with an eligible servicer. This equates to $0.02 in Cashback Rewards, for each $1 spent. For example, if you spend $100, you will earn $2.00 in Student Loan Credit. You will earn 1.0% in Cashback Rewards for each $1 spent on eligible Purchases if redeemed for a statement credit. This equates to $0.01 in Cashback Rewards, for each $1 spent. For example, if you spend $100, you will earn $1.00 in Cashback Rewards. For more information visit https://www.laurelroad.com/cash-back-credit-card/#disclaimer.
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Introductory offer: For a limited time earn a cashback reward after spending $3,000 within the first 90 days of account opening. Offer is subject to change at any time. The cashback reward amount will be $300 if redeemed towards student loans with an eligible servicer. The cashback reward amount will be $150 if redeemed for statement credit. Cashback is awarded based on eligible credit card purchases. For more information, visit laurelroad.com/faq/how-do-i-get-the-introductory-offer-for-the-laurel-road-student-loan-cashback-card/.
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The variable Annual Percentage Yield (APY) indicated is accurate as of May 12th, 2025, and is subject to change at any time. No minimum balance is required to earn the APY. Fees may reduce earnings on the account.
For current rates visit laurelroad.com/high-yield-savings-account/#rates-fees-jump.
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To learn more, contact the FDIC toll-free at 1.877.ASK.FDIC (1.877.275.3342) or visit www.fdic.gov.
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A 0.25% mortgage interest rate reduction (the “Rate Discount”) is available to borrowers that are an active Member Name no less than five (5) days prior to closing. The Rate Discount cannot be combined with any other interest rate incentives or reductions, applies only to new Loan applications, may not be available for all products, and becomes effective at closing (if applicable). For fixed-rate mortgages, the Rate Discount will be reflected in the interest rate on the Promissory Note. For adjustable-rate mortgages (“ARMs”), the Rate Discount will apply to the initial fixed interest rate period and will be reflected in the maximum amount the interest rate can increase of the term of the loan, subject to the minimum interest rate that may be charged per the terms of the Promissory Note or Agreement. Other restrictions may apply. Ask us for details.
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Only available to interns, residents, fellows, doctors, dentists, clinical professors, researchers, or managing physicians with a current license and a degree of Doctor of Medicine (MD), Doctor of Osteopathic Medicine (DO), Doctor of Podiatric Medicine (DPM), Doctor of Dental Surgery (DDS), or Doctor of Dental Medicine (DMD). Doctors and dentists that are not actively practicing are ineligible. Additional conditions and restrictions apply.
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A lender credit of up to $650 (the “Lender Credit”) is available to borrowers that are an active Member Name no less than five (5) days prior to closing. The Lender Credit cannot exceed borrowers' actual costs to close, may be combined only with certain special purpose lender credits, applies only to new Loan applications, and becomes effective at closing (if applicable). Other conditions or restrictions may apply.
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Estimated Student Loan Refinance Post-residency Payment Examples
Borrowers employed full time as an intern, resident, fellow, or similar postgraduate trainee at the time of loan disbursement are eligible to make $100 monthly payments throughout their training (“Residency Period”).
These payments may not be enough to cover all of the interest that accrues on the loan. Unpaid accrued interest will be added to the loan principal and monthly payments of principal and interest will begin when the Residency Period ends.
Assumptions: Repayment examples shown below are based on an original loan amount of $100,000 and assume that you make $100 monthly payments during the Residency Period of 36 months before the full repayment term begins. Repayment examples do not include any discounts.
| Fixed Rate Loans |
| Term |
Interest Rate |
APR |
Monthly Payment |
Total Payments |
| 5 years |
|
3.93% - 5.53% |
36 months of $100
60 months of $1,998 - $2,181 |
$123,506 - $134,441 |
| 7 years |
4.35% - 5.85% |
4.26% - 5.68% |
36 months of $100
84 months of $1,514 - $1,656 |
$130,755 - $142,743 |
| 10 years |
4.59% - 6.03% |
4.51% - 5.88% |
36 months of $100
120 months of $1,147 - $1,273 |
$141,188 - $156,336 |
| 15 years |
4.81% - 6.33% |
4.74% - 6.19% |
36 months of $100
180 months of $866 - $994 |
$159,391 - $182,595 |
| 20 years |
4.91% - 6.63% |
4.84% - 6.50% |
36 months of $100
240 months of $728 - $876 |
$178,294 - $213,828 |
| Variable Rate Loans |
| Term |
Interest Rate |
APR |
Monthly Payment |
Total Payments |
| 5 Year |
3.98% - 5.62% |
3.90% - 5.44% |
36 months of $100
60 months of $1,994 - $2,170 |
$123,256 - $133,780 |
| 7 Year |
4.25% - 5.75% |
4.17% - 5.58% |
36 months of $100
84 months of $1,505 - $1,647 |
$129,982 - $141,921 |
| 10 Year |
4.40% - 5.93% |
4.32% - 5.78% |
36 months of $100
120 months of $1,131 - $1,264 |
$139,272 - $155,248 |
| 15 Year |
4.65% - 6.23% |
4.58% - 6.10% |
36 months of $100
180 months of $853 - $986 |
$157,078 - $181,001 |
| 20 Year |
4.90% - 6.53% |
4.83% - 6.40% |
36 months of $100
240 months of $727 - $867 |
$178,100 - $211,642 |
Annual Percentage Rate (“APR”): This term represents the actual cost of financing to the borrower over the life of the loan expressed as a yearly rate.
Interest Rate: A simple annual rate that is applied to an unpaid balance.
Variable Rates: The current index for variable rate loans is derived from the 30-day Average Secured Overnight Financing Rate (“SOFR”) and changes in the SOFR index may cause your monthly payment to increase. Although the rate will vary after you are approved, it will never exceed 15.00%. There is no limit on the amount your interest rate can increase at one time. The Index is currently published by the Federal Reserve Bank of New York (“New York Fed”). If the Index is no longer available, it will be replaced by a replacement Index according to the terms of the promissory note.
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The 0.25% Member Name interest rate discount is offered on new student loan refinance applications from active Member Names. The Member Name discount is applied to your monthly payment and will be reflected in your billing statement. The Member Name discount is only available at loan origination and at no other time, and will go into effect on the date the loan funds are disbursed. This offer cannot be combined with any other discounts from Laurel Road affiliated partners or employers.
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Checking your rate with Laurel Road only requires a soft credit pull, which will not affect your credit score. To proceed with an application, a hard credit pull will be required, which may affect your credit score.
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AutoPay / EFT Discount: If you choose to make monthly payments automatically by electronic fund transfer (EFT) from a bank account, the rate will decrease by 0.25% and will increase back if you stop making monthly payments (or we stop accepting) automatically by EFT from your bank account. The 0.25% AutoPay/EFT Discount will not reduce the monthly payment; instead, the discount is applied to the principal to help pay the loan down faster.
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After loan disbursement, if a borrower documents a qualifying economic hardship, we may agree in our discretion to allow for forbearance of payments for one or more 3-month time periods (however, a minimum of twelve (12) months are required between any two forbearance periods). Borrowers with a loan term of at least ten (10) years are eligible for up to twelve (12) months of forbearance over the life of the loan; borrowers with a loan term less than ten (10) years are eligible for one (1) month for every year of the loan term (e.g., if a borrower’s loan term is five (5) years they are eligible for up to five (5) months of forbearance over the life of the loan). Borrowers seeking an economic hardship forbearance due to unemployment must have made twelve (12) consecutive monthly payments prior to a forbearance request to be eligible. For any other forbearance due to economic hardship, borrowers must have made nine (9) consecutive monthly payments prior to a forbearance request to be eligible. All requests for forbearance are subject to review, including the review of acceptable documentation (including updating documentation) of the nature and expected duration of the borrower's economic hardship. During any period of forbearance, interest will continue to accrue. Unless otherwise noted, at the end of the forbearance period, any unpaid accrued interest will be capitalized and be added to the remaining principal amount of the loan.
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0.80% discount includes a 0.55% discount for monthly qualifying direct deposits of $7500 or more credited to a Laurel Road Linked Checking account, and a 0.25% discount for AutoPay.
Deposit accounts are only available for U.S. Citizens and U.S. Permanent Residents, at least 18 years of age.
The Laurel Road Linked Checking discount is available to borrowers who open a Laurel Road Linked Checking account simultaneously while refinancing their student loans with Laurel Road. You may also be able to utilize a checking account opened simultaneously with a prior Laurel Road student loan refinance to obtain a discount on your new Laurel Road student loan refinance. Borrowers will receive a 0.25% rate discount for their first three monthly billing cycles. Starting with the fourth billing cycle and continuing with each billing cycle thereafter, the rate discount applied to each billing cycle will be based on the amount deposited via qualifying Automated Clearing House (ACH) transactions into the Laurel Road Linked Checking account during the preceding calendar month; 0.25% for deposits between $2,500 and $7,499 per month and 0.55% for deposits $7,500 or greater per month. Qualifying ACH direct deposit transactions include most payroll, Social Security, pension and government benefits deposits. To continue to receive the discount for the fourth billing cycle, you must begin making qualifying ACH deposits to your Laurel Road Linked Checking account during the second month after your loan funds. Note that the discount is only available to the primary checking account owner and is not available to a joint checking account owner. If the primary account owner is no longer an owner on the checking account or the account is closed, the discount on their student loan will cease. Discounts subject to change without notice and cannot be combined with the Laurel Road Linked Savings discount. For more information on the Laurel Road Checking Account visit (laurelroad.com/refinance-student-loans/checking/#rates-fees-jump.
If you choose to make monthly payments automatically by electronic fund transfer (EFT) from a bank account, the rate will decrease by 0.25% and will increase back if you stop making monthly payments (or we stop accepting) automatically by EFT from your bank account. The 0.25% AutoPay/EFT Discount will not reduce the monthly payment; instead, the discount is applied to the principal to help pay the loan down faster.
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The 0.25% Member Name interest rate discount is offered on new student loan refinance applications from active Member Names. The Member Name discount is applied to your monthly payment and will be reflected in your billing statement. The Member Name discount is only available at loan origination and at no other time, and will go into effect on the date the loan funds are disbursed. This offer cannot be combined with any other discounts from Laurel Road affiliated partners or employers.
Estimated Student Loan Payment Examples
Assumptions: Repayment examples below assume a loan amount of $10,000 with repayment beginning immediately following disbursement. Repayment examples do not include any discounts.
| Fixed Rate Loans |
| Term |
Interest Rate |
APR |
No. of Payments |
Monthly Payment |
Total Payments |
| 5 Year |
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| 7 Year |
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| 10 Year |
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| 15 Year |
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| 20 Year |
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| Variable Rate Loans |
| Term |
Interest Rate |
APR |
No. of Payments |
Monthly Payment |
Total Payments |
| 5 Year |
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| 7 Year |
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| 10 Year |
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| 15 Year |
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| 20 Year |
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Annual Percentage Rate (“APR”): This term represents the actual cost of financing to the borrower over the life of the loan expressed as a yearly rate.
Interest Rate: A simple annual rate that is applied to an unpaid balance.
Variable Rates: The current index for variable rate loans is derived from the 30-day Average Secured Overnight Financing Rate (“SOFR”) and changes in the SOFR index may cause your monthly payment to increase. Although the rate will vary after you are approved, it will never exceed 15.00%. There is no limit on the amount your interest rate can increase at one time. The Index is currently published by the Federal Reserve Bank of New York (“New York Fed”). If the Index is no longer available, it will be replaced by a replacement Index according to the terms of the promissory note.
