Citizens Bank Student Personal Loan Full Review
Get a degree, start a new career, and make full use of your potential while paying way less with this $350,000 student loan.
Are you ready to invest in your future, get a degree, and start the career you have always dreamed of? If so, don’t miss this opportunity.
Citizens Bank can fund your college education with $350,000, flexible repayment terms up to 15 years, and affordable interest rates.
Below, you can get in touch with all of Citizens Bank’s student loan rates, advantages, exclusive benefits, amounts, and much more.
Who is Citizens Bank?
Founded in 1828, Citizens Bank is a well-known bank in the United States and, since its creation, has grown to become one of the largest retail banks in the country.
With over 1,000 branches across the country, the bank has a strong presence in 11 states, serving more than 5 million customers, making it one of the largest banks in the country.
As of today, Citizens Bank provides a wide range of financial services, including checking and savings accounts, personal loans, credit cards, and mortgages.
How Does a Citizens Bank Student Loan Work?
Citizens Bank has designed a loan to specifically suit the needs of students who need help paying for college or graduate school.
This student loan can be used to fund a degree in whatever area you like, from business to health to the social sciences.
And you can even use Citizens Bank funding to cover other educational costs, such as tuition, textbooks, room expenses, etc.
It is important to note that this loan is unsecured, meaning that borrowers do not need to provide collateral to secure the loan.
Thinking about all those in need Citizens Bank is borrowing amounts ranging from $1,000 to $350,000 with a fixed interest rate that starts at 4.99% APR.
Still, Citizens Bank also offers a student loan with a variable interest rate that can get higher or lower depending on market and economic factors, starting at 5.17%.
When it comes to the repayment plan, Citizens Bank is allowing terms ranging from 5 to 15 years, giving borrowers the flexibility to choose a repayment term that fits their budgets.
Additionally, Citizens Bank allows new students to apply with a cosigner, which can help you qualify for a loan and may also result in a lower interest rate.
Major advantages of a Citizens Bank Student Loan
Besides its various advantages and benefits, Citizens Bank’s lack of fees gets highlighted. As of today, the bank does not charge for any application, origination, prepayment, or disbursement fees associated with the loan.
Another advantage of the Citizens Bank Student Loan is the bank’s loyalty and reward program, which gives exclusive advantages to existing customers and borrowers who pay on time.
Borrowers who have an existing account with Citizens Bank or who open a new account may even be eligible for a loyalty discount on their interest rate.
Details to keep your attention
Although it has a higher amount, lower rates, and longer repayment terms, the student loans with Citizens Bank have some attention points, especially for borrowers with lower credit scores or income.
Even with the cosigner option, borrowers with a lower score and a not-so-great credit history may end up paying higher fees over a shorter repayment term.
Another potential problem is the availability of loans. As with Citizens Bank itself, their student loan can be requested in the majority of U.S. states, with some exceptions.
As of today, customers in Maine, Nevada, North Dakota, Rhode Island, and West Virginia are not eligible for a Citizens Bank student loan.
This means that students who live outside of these states will need to look for other loan options.
Finally, it’s important to note that late and missed payments can negatively impact your credit score and will result in additional fees and charges.
How do I apply for Citizens Bank Student Loans?
Got interest? Citizens Bank has a simple and fast application process that can be completed online in just a few minutes.
Tap the green button and check out all the requirements and steps you must know before applying for a Citizens Bank student loan.