Skip Navigation
School Search Form
After Navigation
Home Student Loans Lender Reviews Credible Student Loan Review

Credible Student Loans

What is Credible?

Credible is not a student loan lender. It is an online marketplace that allows you to compare and prequalify for student loans from multiple lenders. Credible boasts that you can find the rate you qualify for without damaging your credit.

How Credible Works

Credible is a marketplace that allows you to compare interest rates from multiple private student loan lenders. Credible itself is not a lender. Credible is free to use, but borrowers must still meet the qualifications of individual lenders. For example, some lenders may require a cosigner for borrowers with limited credit history, and some lenders may loan only to U.S. citizens or permanent residents.

>>More: Best Private Student Loans for July 2022

Before borrowing private student loans, exhaust federal student aid options first. This includes filing the FAFSA to apply for federal student loans and grants. If you find you still need private student loans, we make it easy for you to compare lenders.

Compare Featured Lenders

Cosigner Recommended
Sallie Mae Private Student Loans
Best for Private Loans
Interest Rates

Variable Rates: 2.00% APR - 12.35% APR1

Fixed Rates: 3.75% APR - 13.72% APR1

Repayment Terms


Cosigner Recommended
Nelnet Student Loans
Best for Private Loans
Interest Rates

Variable: 1.57% APR (with auto debit discount) to 11.25% APR (without auto debit discount)1


Fixed: 3.34% APR (with auto debit discount) to 11.68% APR (without auto debit discount)1


Lowest rates listed above include an interest rate reduction for eligible applications, enrollment in auto debit, and are available only to the most creditworthy applicants. Advertised variable rates reflect the starting range of rates and may increase over the life of the loan. [See Disclaimer]

Repayment Terms

Multiple Term Options Available

Cosigner Recommended
Earnest Private Student Loan
Best for Private Loans
Interest Rates

Graduate Rates

Fixed:3.24%-10.99% APR1


Undergraduate Rates



Repayment Terms

5, 7, 10,15 or 20 years

Sallie Mae Private Student Loans
Best for Private Loans
Interest Rates

Variable rates as low as: 1.69% APR (with autopay)*

Fixed rates as low as: 3.75% APR (with autopay)*

Repayment Terms

Up to four repayment types (including no payments while in school) and multiple repayment terms help you find the loan that fits your budget

Credible Private Student Loans

Credible is an online marketplace connecting borrowers with lenders. They do not originate any student loans.

Instantly Compare Lenders

Pros and Cons

Pros Cons
Credible is free to use You will be sharing some personal data with a party that is not your lender
 Compare multiple lenders at once  No discount for applying through Credible
 Get prequalified for an interest rate There is no guarantee that you will receive prequalification from every lender on their site. You are also not guaranteed to receive loan approval after prequalifying. Criteria will always very by lender.

Credible Student Loan Refinancing

Credible offers a marketplace for borrowers to shop for refinance lenders. They do not refinance student loans, but simply refer you to a participating lender. Like the in-school marketplace, you will need to create a user profile and share personal data to become prequalified. And you will be sharing sensitive data with a company that is not your lender, which means you will end up providing information to get prequalified (if applicable) and again when you submit the full application with the lender of your choice. Keep in mind that only the lender can extend a firm offer of credit (i.e. make you an official loan offer) which will require a hard credit check. With Credible, there are added steps to the application process.

>>More: Best Student Loan Refinance Companies

Could student loan refinancing save you money?

Credible Customer Service

Credible’s customer service is available seven days a week. You may reach them via email, phone or online chat directly from their website.

Credible Headquarters

Credible Labs is located in San Francisco, CA and Credible Operations, Inc. is headquartered in Durham, NC.

Email This Article

Related Content