Laurel Road takes our customers’ online safety very seriously. For more information about how you can protect yourself, please visit the Laurel Road Bank Security Center here.
Laurel Road Bank is a Connecticut banking corporation offering products in all 50 U.S. states, Washington, D.C. and Puerto Rico. Laurel Road has helped thousands of professionals with graduate and undergraduate degrees across the country to refinance and consolidate over $3 billion in federal and private school loans, saving these borrowers thousands of dollars each.
Laurel Road is a trade name licensed by Laurel Road Bank. Laurel Road is a federally registered service mark of Laurel Road Bank. Laurel Road Bank is an Equal Housing Lender, Member FDIC. NMLS ID # 402942.
Darien Rowayton Bank (“DRB”) will remain the lender on your loan – Laurel Road is simply the name of the online lending division. Your account number, loan terms, payment amount, and due date all remain the same. You can continue to contact us at 855-245-0989 with any questions regarding your loan.
Sure. Please make it clear in your application of your intent to refinance your existing Laurel Road personal loan, and we will be happy to accommodate your request.
After the loan is disbursed, it is not possible to change your payment date; however, we do allow a payment grace period of up to 15 days after your due date.
Your first payment will be due 1 month from the date of your disbursement.
Once your personal loan is approved and a disbursement is scheduled, we can initiate a transfer to your bank account which will take approximately 24 hours to receive funds.
Our personal loans are unsecured.
You must exhibit a strong credit and financial profile to be eligible for a personal loan. Laurel Road will perform a soft credit pull to provide you with conditional rates, so you can check your eligibility with no impact to your credit score.
A Laurel Road Personal Loan can be used for almost any purpose except for education-related expenses. Some examples include consolidation of high rate debt, making home improvements, or financing major family purchases.
Laurel Road will perform a soft credit pull at the start of the application process to provide you with conditional rates and loan terms; this has no impact on your credit score. If you choose to move forward with your loan application, Laurel Road will make a hard credit inquiry so that we may view your full credit report and make final rate offers. These hard credit inquiries are common and necessary to obtain any loan, but do show up on your credit report.
Yes, and it is easy to do. First, apply for a Laurel Road loan. Once you are approved for your loan, you can use the funded loan to pay off your original personal loan. Be sure to check for any fees that may apply for early repayment on your original loan.