Repayment of loan
Repayment Options
ZuntaFi offers a few repayment options for student loan debt.
Standard Payments. Borrowers repay their private student loans by making monthly payments of the same amount.
Deferred Payments. While borrowers enrolled at school at least half time, payments can be deferred. Once the six months grace period ends, the repayment option will be switched to standard.
Interest Only Payments. Borrowers will only pay interest for their private student loans.
In addition, ZuntaFi can let its borrowers postpone payments or make partial repayments if they encounter financial challenges. The company will also give a payment discount of 0.25% if a borrower conducts them through automatic debit. ZuntaFi releases the borrowers if they die.
Regarding the option of refinancing existing loans, you can opt for both refinancing and consolidating parent PLUS student loans. If your parent or legal guardian own has taken the loan on your behalf, you can apply for transferring it to your name in you can qualify for it.
Student Loan Refinance
Refinancing existing loans can be a helpful tool to repay your education debt. Refinancing combines the loans into one monthly payment. If you have a few student loans with several lenders, student loan refinance will make it easier to repay them. It can also lower interest rate and monthly payment.
You can opt to refinance federal student loan into a private. Changing federal to private student loans can, however, eliminate some benefits.
Fees and Penalties
ZuntaFi generally doesn't issue origination fees or prepayment penalties on new or existing loans. On the contrary, the company suggests a borrower to pay their loan early. However, there could be an origination fee issues. The typical amount is 1% of a loan amount taken at the first disbursement.
