Student Loan Refinancing

Paying back student loans can be a big financial burden. Flanagan State Bank offers a straightforward refinancing option that could help you save a lot over the life of your loan(s). Whether you’re dealing with one loan or multiple, we’re here to make things simpler and more affordable for you.

Why Consider Refinancing?

• Quick Decisions: We won’t keep you waiting. Our team works fast to get you answers so you can make the best decision for your finances.
• Simple Process: We’ve made our application process as easy as possible. No complicated steps or confusing jargon.
• Combine Your Loans: If you’re paying off several student loans, refinancing could let you combine them into a single payment. One loan, one payment.
• Lower Rates: We offer competitive rates that could reduce your monthly payments and the total interest you pay over time.

How It Works

1. Fill Out a Simple Form: Start by filling out a quick form. It’s the first step to seeing how much you could save.
2. We’ll Get in Touch Fast: Once you submit the form, we’ll reach out to discuss your options and how much you could save by refinancing.
3. Get Your Custom Analysis: Our team will provide a personalized refinance analysis, showing you the potential savings and benefits.

Get in Touch

Got questions? Just call Jordan at (309) 747-3600. We’re here to help you understand your refinancing options and make the process smooth and straightforward.

Ready to Lower Your Student Loan Payments?

At Flanagan State Bank, we’re more than just a financial institution; we’re a community-focused partner committed to helping you achieve your financial goals. Whether you’re in Flanagan, El Paso, Benson, Bloomington, LeRoy, Pontiac, or Gridley, our team is ready to assist you with your student loan refinancing needs.

Eligible applicants may not be currently enrolled, must be in repayment of their existing student loan(s) with good status and must make the minimum number of principal and interest payments after leaving school. Primary borrowers must be a U.S. citizen, permanent resident or resident alien with a valid U.S. Social Security Number residing in the United States. Resident aliens must apply with a co-signer who is a U.S. citizen or permanent resident. The co-signer (if applicable) must be a U.S. citizen or permanent resident with a valid U.S. Social Security Number residing in the United States. Savings might vary based on the interest rates, balances and remaining repayment term of the original loans.

Borrower’s overall repayment amount may be higher than the refinanced loans even if monthly payments are lower. Loan approvals are subject to credit qualification, completion of a loan application/consumer credit agreement, verification of application information, and certification of borrower’s student loan amount(s). All accounts, loans and services subject to individual approval. Ask for more information. All proceeds will be disbursed directly to college or to existing creditor per a payoff statement.