2024 NaviRefi Student Loans Review | MoneyGeek.com

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Edited byAshley Jacobs

Updated: December 28, 2023

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For borrowers who qualify, NaviRefi student loans have minimal fees and relatively low interest rates. This lender is a good option if you are struggling with high-rate student loans and want to refinance. Our NaviRefi student loan review highlights the key features, pros and cons of this lender.

At a Glance: NaviRefi Student Loans


MoneyGeek Breakdown: NaviRefi Student Loan Details and Requirements

NaviRefi Details


NaviRefi Student Loan Application Requirements


NaviRefi invitation code (only valid for 60 days)


Must be a U.S. citizen or permanent resident


Proof of identification, including government-issued ID and social security number


Proof of regular income


Must have attended a school that receives Title IV federal student aid


Must have received your student loans from attending an eligible school


Reside in an eligible state (NaviRefi is not available in Delaware, California or Nevada)

Is NaviRefi Right for You?

NaviRefi offers student loan refinancing for both federal and private student loans. It is important to compare this lender with others before making a decision since the best lender for you will depend on your profile and situation. Our NaviRefi student loan review reveals who this lender is and isn’t good for.

Type of Student NaviRefi Is Perfect For

NaviRefi is a good option if you are struggling with high student loan debt and need a lender that is low on fees and offers flexible terms. NaviRefi offers loan terms of up to 20 years at relatively low interest rates, which can help you when you need to make your student loan payments more affordable and flexible.

You can refinance both federal and private graduate loans, undergraduate loans or professional studies loans. Borrowers who did not graduate can also qualify for a NaviRefi student loan as long as they attended a school that receives Title IV federal student aid.

Who Should Not Choose NaviRefi

If you are not an existing Navient client, you are not eligible to apply for a NaviRefi student loan. This lender also requires you to have a minimum credit score of at least 650 to be eligible for their student loan refinancing. This means if you have a poor credit score, you are unlikely to get approved.

NaviRefi does not have an option to use a co-signer if you have bad credit. If you want to refinance your parent’s loans along with your loans, NaviRefi is not the right lender for you since they do not have that option.

How to Apply for a NaviRefi Student Loan

You can complete your NaviRefi student loan application in as little as three minutes since the lender will already have most of your details before sending you the invitation code. Once you submit your application, NaviRefi will review it. If approved, you will receive an agreement with terms to approve before your loan is finalized.



NaviRefi does not have a prequalification option with a soft credit check, so you need to submit an application using your invite code to check rates and terms.


Fill Out Application Form

The application process on the NaviRefi website takes just a few minutes. You will be required to fill in your personal information and follow the prompts to submit your loan application.


Wait for Approval

Once you have submitted your application, NaviRefi will conduct a hard credit check. Approval may take days or weeks and varies by applicant.


Review Loan Agreement

If your loan application is approved, NaviRefi will send you an agreement stipulating the terms of the loan. It is important to understand the applicable rates and the terms to make sure you can manage the payments before accepting the loan.


Sign Loan Agreement

If you are satisfied with the terms of the loan, you can sign the loan agreement.


Recieve or Direct Funds

NaviRefi will disburse the funds to you two to three weeks after the right-to-cancel period.


Make Payments

Your first payment will be due within 25 to 60 days after your loan is funded. You can apply for deferment or forbearance to temporarily postpone or reduce monthly payments, but this is only allowed on a case-by-case basis.

What to Do if You Are Rejected From NaviRefi

If your student loan application is declined by NaviRefi, there are still other options that might be available to you depending on your situation. That said, it is important to find out from NaviRefi why your application was declined. This will help you figure out what options are available to you and if you may have a better chance of approval with a different lender.

Some common reasons why NaviRefi may decline your application include having a poor credit score, not having a regular source of income or if your student loan does not qualify for refinancing. Depending on the reason why you were declined, you can opt to work with a different lender or wait to improve your creditworthiness and reapply. Your school’s financial aid advisor or office may also have useful resources to guide you.

It is best to avoid reapplying until you understand and improve the factors that caused you to be declined. Reapplying without fixing the issues within your first application could cause your credit score to drop even further.

Frequently Asked Questions About Student Loans

NaviRefi offers qualified borrowers flexible loan limits and terms to refinance their student loans. These answers to commonly asked questions will help you understand more about refinancing your student loan with NaviRefi.

You can use NaviRefi to refinance private or federal student loans for undergraduate, graduate or professional studies. NaviRefi will only refinance your student loan if you attended a school that receives Title IV federal student aid.

You need a minimum credit score of 650 to qualify for a NaviRefi student loan.

NaviRefi does not have a fixed timeline to approve student loans. Approval times vary on a case-by-case basis ranging from days to weeks depending on your profile.

NaviRefi does not have a mobile app, but you can manage your account online using the NaviRefi website.

The maximum amount you can borrow from NaviRefi is $500,000. However, NaviRefi student loan limits can vary depending on the state where you reside.

Yes, applying for a NaviRefi student loan will affect your credit score because NaviRefi conducts hard credit checks.

NaviRefi does not accept co-signers on student loans.

You can use NaviRefi student loans at your college if your school receives Title IV federal student aid. If your school does not meet this requirement, NaviRefi cannot refinance your student loan.

*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
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