Sallie Mae Interest Rate for student loans, graduate loan, MBA student loans, health profession student loans, Law school student loans, Medical Residency Student Loans, Medical School Student Loans and Dental residency student loans.
If you enlist in autopay, Sallie Mae will give you a 0.25 percent discount. This discount is included in the pricing shown below:
There are various loan products available for different types of students, each offering different interest rate options.
Undergraduate student loans, has the variable rate ranges from 5.87 % to 16.20 % APR, while the fixed rate falls between 4.50 % and 14.83 % APR.
Graduate student loans, including MBA student loans and health profession student loans, have similar interest rate ranges. Theirs variable rates vary from 6.37 percent to 15.97 percent APR; while their fixed rates range from 5.25 percent to 14.48 percent APR.
Law school student loans come with variable rates of 6.12 % to 15.71 % APR and fixed rates of 5.25 % to 14.47 % APR.
The Medical Residency Student Loans and Medical School Student Loans offer a range of variable interest rates, specifically from 6.37% to 15.95% APR. However, they differ in terms of fixed rates. The Medical Residency Students loans; have fixed interest rates ranging from 6.40 percent to 10.26 percent APR, while medical school students loans have fixed rates between 5.25 percent and 14.46 percent APR.
Dental residency student loans have variable rates from 7.47 % to 12.89 % APR and fixed rates from 6.40 % to 10.26 % APR.
Dental student loans have variable rates between 6.37 % and 15.9 6 % APR, and fixed rates ranging from 5.25 % to 14.47 % APR.
Fees and penalties:
With Sallie Mae loans, there are no origination or application fees. It will, however, levy a late payment cost of 5 percent of the past-due amount, up to a maximum of 25 dollar, as well as a returned cheque fee of up to 20 dollar.
Note: Interest rates may change time to time so for updated information visit official website of Sallie Mae.