DARIEN, Conn.–(BUSINESS WIRE)–Darien Rowayton Bank (DRB), a market leader in providing low rate student refinancing loans to working professionals with both undergraduate and graduate degrees, announced reduced interest rates to as low as 1.97 percent for its student loan refinance products.
“As we continue to build our understanding of borrower needs and expectations, we are developing our student loan program to provide more valuable options to our customers,” said Gary Lieberman, Chairman of the Board at Darien-Rowayton Bank. “Many student loan borrowers have interest rates of nearly 7 percent or higher, leaving them with an enormous monthly bill. DRB is now providing customers some of the lowest interest rates in the industry to help ease their student debt burden.”
Borrowers who choose to refinance with DRB can select from a 5, 10, 15 or 20-year loan term. Starting today, rates for a 5 year variable loan at DRB start at 1.97 percent for super prime borrowers. In addition, DRB has also lowered the rates on its 10 and 15 year loans. All student loans with DRB have no origination fees or prepayment penalties.
Since June 2013, DRB has helped thousands of professionals with graduate degrees across the country to refinance and consolidate hundreds of millions in federal and private school loans. Recently, DRB expanded its program to working professionals who have attained bachelor’s degrees, so now they too can save money by taking advantage of DRB’s low cost student loan refinancing. DRB also makes it possible for parents who took out loans for their child’s undergraduate education to refinance Parent PLUS federal loans if the child has graduated and is now professionally employed.
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