Valid for F1, H1B & OPT Visa holders

Reduce your student loan interest up to 7.5%*

  • Get your loan refinanced in 7 days

  • No co-signer needed*

  • Save up to $20,000

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Trusted by 1,238+ students & working professionals

When I refinanced my loan, Leap paid off my current student loan and give me a new collateral-free loan at a much lower interest rate. I got a new loan at just 7.7% (I was paying 13.5% on my old loan 🤯). I still can't believe it!

Abhishek Rai
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5
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University of Texas

They paid off my old loan and gave me a new one at 8.5% interest, plus it is collateral-free. Which works out great for me. The interest rate is fixed hence it covers me from the expected market fluctuations also.

Nilav Bharatkumar Vaghasiya
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University of Texas

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Join our exclusive community of students and working professionals that will forever change the way you manage finances in the US. Get a $50 sign up voucher + exclusive benefits on joining!

What is refinancing?

Refinancing is the process of paying back your existing loan with another loan, usually at a lower interest or better repayment term.

Fixed Interest Rate

Get the same interest rate for the entire tenure. No fluctuations, ever.

Build Strong USA Credit History

Having a strong credit history will let you get credit cards and loans easily.

No Prepayment Charges

Close your loan faster by prepaying without any additional fees.

Apply from the US

Refinance your loan while in the US on a visa, without a green card.

Collateral Free

Free up the collateral used for your existing loan.

24x7 Support

Get dedicated help in your refinancing process, anytime.

Start my application

90% approval rate to support the brightest of minds

Who can apply for Leap Refinance?

Students

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Doing a STEM Course
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Have a GPA >3
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Staying in Supported states

Working Professionals

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Be a Full time employee
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No bar on course & college
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Staying in Supported states

Refinance your loan in 4 simple steps

01

Check your eligibility and start your application

02

Receive a provisional offer and upload your documents

03

Pay a small processing fee (1% of your loan amount)

04

Sign a contract and get your loan refinanced within 3 days

Build your future with Leap

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175Mn

Loans funded

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3000+

Students funded

We are backed by

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Frequently asked questions

What is refinancing?
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Refinancing is when you take another loan to pay off your existing loan. In this case, you'll be taking a new loan at a lower interest rate to pay off your existing education loan to reduce your EMIs.

Who is eligible for this education loan refinancing? 
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Students/Working Professionals who have an active loan for studying in a Masters program in STEM in the US are eligible for refinancing.

What's the loan amount that I can apply for? 
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You can check your outstanding balance with your existing loan provider and take the loan for the same amount with us. When you get the money from us in your US Bank account, you can pay off your existing loan.

In which currency will I get the loan? 
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You'll get the loan in USD in your US Bank account which you can use to pay off your existing education loan. Once you have paid off the current loan, you need to make the EMI payments in USD.

Can I pre-pay the loan anytime I want? Are there any charges on pre-payment? 
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Yes, you can easily make additional EMI payments as and when you want. There are no charges on the pre-payment of education loans.

How can I get tax benefit from the loan?
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The student loan interest deduction allows you to deduct up to $2,500 for the interest which you paid during the year on qualifying student loans. Student loan interest is deductible if your modified adjusted gross income (MAGI), is less than $70,000. Read more here.

What is the application process for refinancing?
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All you need to do is submit the application form with your basic details and upload the supporting documents. You'll get the loan offer immediately :) 

We're here for you

Talk to our credit experts and get the best loan offer for maximum savings

You request has been submitted!
Get your personalised offer while you wait. Click here to get started
Oops! Something went wrong. Alternatively, you can ping us on WhatsApp
Talk to your Leap advisor to check your eligibility and interest rate offers