Splash Financial review

Splash Financial is a marketplace rather than a lender, and that is its strength for graduates who want to shop rates without filling in several forms. As of November 4, 2026, its partners offered fixed rates from 4.29% to 12.37% APR and variable rates from 4.74% to 12.37% APR, the lowest fixed floor among the mainstream options on this list. Prequalification takes 3 minutes or less with a soft credit pull, and Splash lists no application fees, no origination fees and no prepayment penalties. Borrowers need a four-year degree from a Title IV school or an associate degree in an eligible field, and Splash says the typical minimum is $5,000 with no maximum. It also runs a separate refinance product for medical residents and fellows. The trade-off is that your loan ends up with one of Splash's partners, so forbearance rules, servicing and discounts depend on which offer you accept. Read the partner's terms before you sign.

Who it is for

graduates who want to compare several lenders in one application

Price

No application, origination or prepayment fees; fixed 4.29% to 12.37% APR as of November 4, 2026.

Fixed Rate options range from 4.29% APR to 12.37% APR and will vary based on application terms and level of degree.
Quoted from the vendor pricing page on November 13, 2026.

Key features

• Fixed rates of 4.29% to 12.37% APR and variable rates of 4.74% to 12.37% APR, as of November 4, 2026
• Prequalification in 3 minutes or less with a soft credit pull
• No application fees, no origination fees and no prepayment penalties
• Refinances federal and private loans into one new loan
• Separate medical school refinance loans for borrowers in residency or fellowship

Strengths and weaknesses

• Strength: The lowest starting fixed APR among the mainstream lenders here at 4.29%
• Strength: One form shows offers from several lending partners
• Strength: Splash says it will not sell your data
• Weakness: Splash is not the lender, so servicing and protections depend on the partner you pick
• Weakness: The lowest rate may include a 0.25% autopay discount for the shortest term
• Weakness: Requires a four-year degree from a Title IV school or an associate degree in an eligible field

Key facts

• Fixed APR: 4.29% to 12.37%
• Variable APR: 4.74% to 12.37%
• Type: Marketplace of lending partners
• Typical minimum: $5,000, varies by lender
• Fees: No application, origination or prepayment fees

Where it ranks

Splash Financial is No. 2 in our Best Student Loan Refinance Lenders verdict.