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 repayment term varies depending on the loan balance, and you may choose to repay the loan more quickly without penalty. Visit BND’s website to calculate your specific savings or Apply Now!
* 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.