Interest rates are low right now. Have you considered refinancing your student loans? Bank of North Dakota’s program may save you money.
If you’re a North Dakota resident, here are some benefits to consider when refinancing with Bank of North Dakota:
- Choose from a fixed interest rate of 3.90% APR* or a variable interest rate of 1.62% APR* through September 30, 2021.
- Combine all of your student loans, including federal, into one consolidation loan.
- Simplify your payment and save even more by signing up for automatic payments to receive a 0.25% interest rate reduction.
* The Annual Percentage Rate (APR) is different from the actual rate because the APR considers fees and reflects the cost of your loan as a yearly rate. The APR calculation assumes a loan of $35,000, a fixed interest rate of 3.90% or variable interest rate of 1.62%, a loan fee BND pays for you and a 25-year repayment term.
** The variable interest rate will never exceed 10.00%. Learn more about fixed and variable interest rates.