Private Student Loans
The Sallie Mae Smart Option Student Loan® from Commerce Bank is an ideal solution to help bridge that gap between federal loans and the cost of your education expenses.
Benefits and Features:
For borrowers attending degree-granting institutions
- Low variable interest rates – 2.25% APR to 9.37% APR, or competitive fixed interest rates3
- No origination fees and no prepayment penalty
- Pay now or later – defer your payments until after school or choose an in-school repayment option that fits your needs3
- Get a 2% Smart Reward® in your Upromise® account when you make scheduled monthly payments on time while in school5 (Not available with Deferred Repayment Option)
- Earn a 0.25 percentage point interest rate reduction while enrolled to make scheduled monthly payment by automatic debit6
- Borrow up to 100% of your school certified education costs (minimum $1,000)
- Applying with a creditworthy cosigner may help you qualify and/or receive a lower interest rate
- You can apply for a cosigner release after you graduate and make 12 consecutive on-time principal and interest payments4
Easy online application with fast credit decision and electronic signature (eSign) available.