For any questions related to your student loan or obtaining a new student loan, please reach out to Firstmark Services (844-318-0166). You can also log into your Firstmark account here.
If you have questions about your Solar loan, please reach out to our servicing partner, Scratch. You can log into your account at https://www.scratch.fi or you can call Scratch directly at 844-727-2684.
At CommonBond, we believe that borrowers with great credit deserve a better rate. Our investors agree, and together, we provide lower rates – and a better loan – than traditional lending institutions.
Your individual rate depends on your credit profile, your choice of a variable or fixed rate, and the term (length) of the loan. So how do you choose? To start,
it's important to know a few key facts:
The following table displays the estimated monthly payment, total interest, and Annual Percentage Rates (APR) for a $10,000 loan. Rates include a 0.25% autopay (ACH) discount.
5 Years
Rate Range: | Low | High |
APR (with autopay) | 2.72% | 6.11% |
Est. monthly payment: | $178.45 | $193.84 |
Est. total interest: | $706.72 | $1,630.39 |
Est. total cost: | $10,706.72 | $11,630.39 |
Rate range: Low |
---|
APR: 2.72% |
Est. monthly payment: $178.45 |
Est. Total Interest: $706.72 |
Est. Total Cost: $10,706.72 |
Rate range: High |
---|
APR: 6.11% |
Est. monthly payment: $193.84 |
Est. Total Interest: $1,630.39 |
Est. Total Cost: $11,630.39 |
7 Years
Rate Range: | Low | High |
APR (with autopay) | 2.72% | 6.11% |
Est. monthly payment: | $178.45 | $193.84 |
Est. total interest: | $706.72 | $1,630.39 |
Est. total cost: | $10,706.72 | $11,630.39 |
Rate range: Low |
---|
APR: 3.96% |
Est. monthly payment: $136.50 |
Est. Total Interest: $1,466.34 |
Est. Total Cost: $11,466.34 |
Rate range: High |
---|
APR: 6.40% |
Est. monthly payment: $148.01 |
Est. Total Interest: $2,432.90 |
Est. Total Cost: $12,432.90 |
10 Years
Rate Range: | Low | High |
APR (with autopay) | 2.72% | 6.11% |
Est. monthly payment: | $178.45 | $193.84 |
Est. total interest: | $706.72 | $1,630.39 |
Est. total cost: | $10,706.72 | $11,630.39 |
Rate range: Low |
---|
APR: 4.46% |
Est. monthly payment: $103.45 |
Est. Total Interest: $2,413.48 |
Est. Total Cost: $12,413.48 |
Rate range: High |
---|
APR: 6.65% |
Est. monthly payment: $114.31 |
Est. Total Interest: $3,717.52 |
Est. Total Cost: $13,717.52 |
15 Years
Rate Range: | Low | High |
APR (with autopay) | 2.72% | 6.11% |
Est. monthly payment: | $178.45 | $193.84 |
Est. total interest: | $706.72 | $1,630.39 |
Est. total cost: | $10,706.72 | $11,630.39 |
Rate range: Low |
---|
APR: 4.84% |
Est. monthly payment: $78.25 |
Est. Total Interest: $4,084.71 |
Est. Total Cost: $14,084.71 |
Rate range: High |
---|
APR: 6.93% |
Est. monthly payment: $89.49 |
Est. Total Interest: $6,108.55 |
Est. Total Cost: $16,108.55 |
20 Years
Rate Range: | Low | High |
APR (with autopay) | 2.72% | 6.11% |
Est. monthly payment: | $178.45 | $193.84 |
Est. total interest: | $706.72 | $1,630.39 |
Est. total cost: | $10,706.72 | $11,630.39 |
Rate range: Low |
---|
APR: 5.09% |
Est. monthly payment: $66.49 |
Est. Total Interest: $5,958.50 |
Est. Total Cost: $15,958.50 |
Rate range: High |
---|
APR: 7.40% |
Est. monthly payment: $79.95 |
Est. Total Interest: $9,187.75 |
Est. Total Cost: $19,187.75 |
5 Years
Rate Range: | Low | High |
APR (with autopay) | 2.72% | 6.11% |
Est. monthly payment: | $178.45 | $193.84 |
Est. total interest: | $706.72 | $1,630.39 |
Est. total cost: | $10,706.72 | $11,630.39 |
Rate range: Low |
---|
APR: 3.20% |
Est. monthly payment: $180.58 |
Est. Total Interest: $834.62 |
Est. Total Cost: $10,834.62 |
Rate range: High |
---|
APR: 5.96% |
Est. monthly payment: $193.14 |
Est. Total Interest: $1,588.52 |
Est. Total Cost: $11,588.52 |
7 Years
Rate Range: | Low | High |
APR (with autopay) | 2.72% | 6.11% |
Est. monthly payment: | $178.45 | $193.84 |
Est. total interest: | $706.72 | $1,630.39 |
Est. total cost: | $10,706.72 | $11,630.39 |
Rate range: Low |
---|
APR: 4.13% |
Est. monthly payment: $137.29 |
Est. Total Interest: $1,532.13 |
Est. Total Cost: $11,532.13 |
Rate range: High |
---|
APR: 6.25% |
Est. monthly payment: $147.29 |
Est. Total Interest: $2,372.11 |
Est. Total Cost: $12,372.11 |
10 Years
Rate Range: | Low | High |
APR (with autopay) | 2.72% | 6.11% |
Est. monthly payment: | $178.45 | $193.84 |
Est. total interest: | $706.72 | $1,630.39 |
Est. total cost: | $10,706.72 | $11,630.39 |
Rate range: Low |
---|
APR: 4.50% |
Est. monthly payment: $103.64 |
Est. Total Interest: $2,436.61 |
Est. Total Cost: $12,436.61 |
Rate range: High |
---|
APR: 6.50% |
Est. monthly payment: $113.55 |
Est. Total Interest: $3,625.76 |
Est. Total Cost: $13,625.76 |
15 Years
Rate Range: | Low | High |
APR (with autopay) | 2.72% | 6.11% |
Est. monthly payment: | $178.45 | $193.84 |
Est. total interest: | $706.72 | $1,630.39 |
Est. total cost: | $10,706.72 | $11,630.39 |
Rate range: Low |
---|
APR: 4.87% |
Est. monthly payment: $78.40 |
Est. Total Interest: $4,112.69 |
Est. Total Cost: $14,112.69 |
Rate range: High |
---|
APR: 6.78% |
Est. monthly payment: $88.66 |
Est. Total Interest: $5,958.32 |
Est. Total Cost: $15,958.32 |
20 Years
Rate Range: | Low | High |
APR (with autopay) | 2.72% | 6.11% |
Est. monthly payment: | $178.45 | $193.84 |
Est. total interest: | $706.72 | $1,630.39 |
Est. total cost: | $10,706.72 | $11,630.39 |
Rate range: Low |
---|
APR: 5.38% |
Est. monthly payment: $68.11 |
Est. Total Interest: $6,347.06 |
Est. Total Cost: $16,347.06 |
Rate range: High |
---|
APR: 7.25% |
Est. monthly payment: $79.04 |
Est. Total Interest: $8,969.02 |
Est. Total Cost: $18,969.02 |
The CommonBond Hybrid Loan option balances the many competing tradeoffs of choosing a particular repayment term, helping to minimize: 1) interest rate, 2) size of required monthly payment, and 3) total interest paid.
The Hybrid also helps reduce the uncertainty of a variable rate loan by fixing the interest rate for the first five years of repayment, and then switching to a variable rate for the remainder of the loan period. For borrowers who tend to prepay, this period of interest rate uncertainty can be relatively short, allowing Hybrid borrowers to benefit from a fixed rate lower than our normal 10-year fixed rate loan.
10 Years
Rate Range: | Low | High |
APR (with autopay) | 2.72% | 6.11% |
Est. monthly payment: | $178.45 | $193.84 |
Est. total interest: | $706.72 | $1,630.39 |
Est. total cost: | $10,706.72 | $11,630.39 |
Rate range: Low |
---|
APR: 4.30% |
Est. monthly payment: $102.44 |
Est. Total Interest: $2,324.11 |
Est. Total Cost: $12,324.11 |
Rate range: High |
---|
APR: 6.34% |
Est. monthly payment: $113.36 |
Est. Total Interest: $3,538.46 |
Est. Total Cost: $13,538.46 |
CommonBond intends to conduct its daily operations in an equal and fair manner with customers and Third Parties alike. CommonBond does not discriminate on the basis of an applicant's race, marital status, nationality, gender, age, or religion; an applicant whose income is derived from a public assistance program; or an applicant who, in good faith, exercised rights under the Consumer Credit Protection Act.
DISCLAIMER: Offered terms and rates are subject to change and state law restrictions. Loans are made by CommonBond Lending, LLC (NMLS # 1175900). For student loans, CommonBond is not affiliated with the school you attended or are attending. For solar loans, CommonBond is not an affiliate of the solar installation company through which you purchase or have your solar equipment installed. CommonBond does not offer tax advice; speak with your tax advisor about any tax benefits or information associated with your loans. None of the information contained in CommonBond's website constitutes a recommendation, solicitation or offer by CommonBond or its affiliates to buy or sell any securities or other financial instruments or other assets or provide any investment advice or service.
If a bonus is offered for student loan refinancing, bonuses are limited to one bonus per borrower, the associated loan must book, and the loan cannot be a refinance of an existing CommonBond loan. Cash bonuses will be credited to your PayPal account or a check will be mailed to the address in your loan application within six (6) weeks of origination of the refinance. Rate discount bonuses will be reflected in the interest rate disclosed in your Final Truth In Lending Act Disclosure and promissory note for your loan.
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