You heard that right! Defynance currently offers interest free student loan refinancing to anyone who's eligible. We revolutionized the way that people think about student loans. Our program is designed to be fair for everyone and to protect you at your lowest points. We've aligned our goals with yours and are partners in your journey to financial freedom.
How can we refinance student loans interest free?
We know what you're thinking. That can't be true. How can Defynance make student loan refinancing interest free? That's because we use income share agreements instead of refinancing loans with another loan. With an income share agreement (ISA), the payments are based on your income, so they're always affordable. This means that payments are flexible and adjust to your current life situation.
Defynance also offers individualized pricing and payment terms anywhere from 5 to 15 years, allowing you to pay off your ISA on your own terms. We work with you and your unique situation to develop an ISA plan that works with your life goals.
Benefits of the Defynance ISA
Because of the way that our ISA works, it has many built-in benefits for refinancers. Since the pricing is based on your income, if you aren't making income due to a lapse in employment, your payments will pause. In fact, if you make under $25,000 per year, you don't have to make any payments until you get back on your feet. And because our ISA doesn't hafve interest, you don't have a growing balance when you aren't making payments.
The ISA program is flexible and adapts to your life goals. Whether you want to run a business, go back to school, or have a medical issue arise, the Defynance ISA will adapt to your situation.
What's the catch?
The ISA adjusts your payment to your income and doesn't punish you, sounds great right? So what's the catch? With an ISA, there is a chance that you could pay more than you would with a traditional loan, but that's because you're doing well in life.
In fact, we've even thought about how we can protect you from paying more if you do well. Our ISA has a payment cap that limits the maximum that you can pay. You are not expected to reach the payment cap, but it protects you if you do well in life. We don't want to punish you for your success by making you pay more, so the payment cap is there for you.
We also allow you to make extra payments to reduce the term of you ISA. If you have extra money and want to reduce your ISA length, you can make extra payments and eliminate months.
How to Apply for interest free student loan refinancing
To qualify, you must be a US citizen or permanent resident who is working full-time. That's it. You can apply for this revolutionary new financing tool here.
The Defynance ISA was made to be fair and balanced. We are partners in your journey through life and want to help you succeed. We believe in a fair financial system that doesn't punish people when things go wrong, because we understand that life happens.
