Student Loan Refinance at Old National Bank

Refinancing your student loans with Old National Bank offers a clear path to simplify repayment, reduce monthly payments, and potentially lower your interest rate. Whether you have federal student loans, private student loans, or a mix of both, our tailored refinance solutions are designed to match your financial goals and life stage. We combine personalized service with flexible terms and tools to help you take control of student debt and accelerate progress toward financial freedom.

Why Refinance with Old National Bank?

• Competitive interest rates: Benefit from market-responsive rates that may be significantly lower than the rate on your current loans, depending on credit history and other qualifying factors.
• Flexible repayment terms: Choose the loan term that fits your budget and long-term plan — shorter terms for quicker payoff or longer terms for lower monthly payments.
• Simple consolidation: Combine multiple student loans into a single monthly payment, reducing administrative hassle and eliminating multiple due dates.
• Personalized qualification: We evaluate your full financial profile — income, credit history, employment, and debt-to-income ratio — to determine the best offer for you.
• Account management tools: Use our online portal and mobile app to view balances, make payments, and track payoff progress with ease.

Who Should Consider Refinancing?

Refinancing can be an excellent option for many borrowers, but it’s particularly beneficial for those who:

• Have a steady income and strong credit or a creditworthy co-signer.
• Carry high-interest private student loans or federal loans with higher interest rates than current market rates.
• Want to lower monthly payments to free up cash flow for other priorities.
• Wish to simplify repayment by consolidating multiple loans under one lender and one payment schedule.
• Are not seeking federal loan protections such as income-driven repayment plans or Public Service Loan Forgiveness.

Key Features and Options

Old National Bank provides a range of features to meet diverse borrower needs:

• Fixed and variable interest rates: Choose a fixed rate for predictable payments or a variable rate for potentially lower initial rates.
• Custom terms: Terms are available across multiple lengths to balance monthly payment size and total interest paid over time.
• Co-signer release: Qualified borrowers may be eligible to release a co-signer after demonstrating a period of on-time payments and creditworthiness.
• Payment flexibility: Manage payments through automatic debit, one-time payments, or scheduled payments via our digital banking tools.
• Customer support: Access knowledgeable loan specialists who explain your options, help compare scenarios, and guide you through the application process.

How the Refinance Process Works

1. Pre-qualification: Start with a soft credit check to see potential rates without impacting your credit score.
2. Application: Complete a simple application with details about your loans, income, employment, and financial obligations.
3. Documentation: Provide necessary documents such as proof of income, a valid ID, and statements for existing loans.
4. Loan decision and offer: Receive a personalized refinance offer that outlines rates, term options, and estimated monthly payments.
5. Loan closing: Review and sign loan documents. We handle payoffs and transfers to your current loan servicers.
6. Repayment begins: Start making payments to Old National Bank under your new, consolidated terms and use our tools to monitor progress.

Questions to Ask Before Refinancing

Before you refinance, consider these important questions:

• Will I lose any federal loan benefits or protections by refinancing federal loans into a private refinance loan?
• How will the new interest rate and term affect the total cost of my loan over its lifetime?
• Am I better served by lowering monthly payments now or paying more monthly to reduce long-term interest?
• Do I need a co-signer now, and can I remove that co-signer later?
• How will refinancing impact my credit score in the short and long term?

Real Results, Real Relief

Borrowers who refinance with Old National Bank often report simplified finances, lower monthly obligations, and a clearer debt payoff timeline. Our mission is to support responsible borrowing and provide a refinance experience that is transparent, efficient, and tailored to individual circumstances. We believe student loan refinancing should be more than a transaction — it should be a strategic step toward financial stability and future opportunity.

Start with Confidence

Refinancing student loans at Old National Bank is an option built around clarity, choice, and customer-focused service. Whether you’re early in your career, focused on building savings, or preparing for major life steps, our refinance solutions can help you manage student debt more effectively. Speak with an Old National Bank loan specialist to learn how refinancing could work for your situation, evaluate offers, and make an informed decision that supports your long-term financial goals.

Note: Refinancing terms, eligibility, and rates are subject to credit approval and may vary based on individual circumstances. Carefully review your options, including potential impacts on federal loan benefits, before making a decision.

Address Bank: Chicago, Illinois Evansville, Indiana, U.S.
Bank: Old National Bank
Headquarters: Evansville, Indiana
Products: Student Loans
Type: Student Loan Refinance