BENEFITS

  • Free to apply – no obligation to accept
  • Refinance federal and private student loans
  • No application, origination, or prepayment fees
  • Forgiven in the event of death or documented permanent disability
  • U.S. Citizens and Permanent Residents are eligible to apply
  • Forbearance is available for involuntary job loss at the bank’s discretion 
  • $150 Bonus for Student Loan Sherpa readers after your loan closes

Our customers will save $20,200+ over the life of their loan on average

Term OptionFixed APR*Variable APR*
   5 - Year4.20% - 5.90%3.64% - 5.29%
   7 - Year4.30% - 6.49%3.69% - 5.49%
10 - Year4.50% - 6.75%3.74% - 5.69%
15 - Year4.90% - 6.99%3.84% - 6.04%
20 - Year5.15% - 7.20%3.94% - 6.29%
Assumes a 0.25% discount for making automated payments from a bank account.  
Apply Now

HOW TO APPLY

Refinancing with DRB is easy! Here’s how:

Apply Now

1

Online
Pre-Qualification

We know that your time is
valuable. Our application is
fast and easy to fill out, and our credit
check instantly lets you know if you
pre-qualify for DRB refinancing.

2

Upload
Documents

If you have all documents in hand, you
can submit them right away.

REQUIRED DOCUMENTS

  • Photo ID
  • 2 recent pay stubs
  • Proof of graduation
  • Loan statements indicating payoff amounts

3

Borrower
Approval

We will send you a decision, your rate, and applicable disclosures.
You accept the terms and sign a
promissory note.

4

Acceptance
& Funding

We pay off your current
student loans and open a DRB
checking account for automated
payments, to save you an
additional 0.25%.

 

 

drb

(855) 245-0989
educationfinance@drbank.com