Splash Financial Student Loan Review

Splash Financial offers two main student loan products: private student loans and student loan debt refinancing. The company works with several partner lenders who originate the loans, enabling Splash Financial to offer the lowest rates for each service. Their services are best for those who want quotes from multiple lenders without the hassle of contacting several companies.

Not all student loans are the same. Even if you encounter the same annual percentage rate (APR) between lenders, you may be offered different payment terms or have different requirements, which are just as important. Your needs and circumstances will dictate the variety of factors that have to be considered when choosing a lender.

Splash Financial’s main products revolve around student loans, making it the ideal company for individuals who have a lot of student debt or are about to pursue higher education. The company’s services are also great for borrowers who have good or excellent credit scores, as they can benefit from Splash Financial’s partnerships with lenders and find the best rates and terms.

Regardless of credit score or circumstance, Splash Financial’s services are also great for any private student or personal loan borrower who wants to save time on finding the best rates and get quotes from multiple lenders instantly.

While this may sound like you, it’s important to still consider other offers. Before getting a Splash Financial student loan, review options from other providers outside of their network to find an offer that suits you best.

Most of Splash Financial’s lending partners require that borrowers be U.S. citizens or permanent residents, which makes them not ideal for international students or non-U.S. citizens seeking a private student loan. Even though some of their lenders may accept certain visa holders, the options may be few and far between.

Splash Financial may also not be the best option for those looking for special benefits, such as deferment or forbearance, as the offers can vary based on your eligibility. It may be better to approach a certain institution that includes these benefits automatically instead.

Applying for a loan from Splash Financial is as easy as visiting their website and filling in their form. Review the steps below to know how to get started.

Getting rejected for a loan is nothing to be alarmed about. Many factors can lead to loans being rejected, including a low credit score, not enough income and a lack of credit history, among others.

If you are rejected by the lenders from Splash Financial, you can reach out and ask why you were rejected. In addition, you'll want to determine your current financial situation, investigate your credit reports and correct any errors you find. The next time you apply for a loan, you will have better chances of getting approved.

If you are still a student, you can consider talking to your school’s financial aid office to ask for assistance or additional resources. Otherwise, you can also consider getting a co-signer if you are eligible.

If you are no longer a student, aim to create a long-term strategy to avoid rejection again. This can include improving your credit score and reducing or eliminating other forms of debt.

If you still aren’t sure about whether you should get a Splash Financial student loan, review the frequently asked questions below.