LinkCapital knows that post-graduate training is stressful enough without the added pressure of repaying your student loans.

That’s why Link developed two refinancing/consolidation programs tailored to meet the unique needs of Medical Residents and Fellows.
No upfront costs or fees of any kind. No compounding interest while in training.
No requirement that the borrower maintain deposit accounts at LinkCapital.
Complete loan forgiveness in the event of death or total and permanent disability of the borrower.
No penalty for prepayment or early payment.
The ability to refinance at any time. Eligibility required and programs are subject to change. Applicants are subject to credit underwriting.

The LinkCapital
Standard Resident Loan

Eligibility Requirements

  • Completion of at least 1-year of post-graduate training.
  • Applicants are subject to credit underwriting approval.

Features

  • Partial deferment of payments during training period with the exception of a minimum monthly payment of $75.[2]
  • May provide significant savings over the life of the loan.
  • Interest will not compound during training period. This means you won't accrue interest on interest while in training.
  • No need to refinance again. Automatic interest rate reduction post training period.

The LinkCapital
Contracted Resident Loan

Eligibility Requirements

  • Completion of at least 1-year of post-graduate training.
  • Last year of a Medical Residency Program and a signed employment contract with a start date within 12-months of refinancing.
  • Applicants are subject to credit underwriting.

Features

  • Access to the same competitive interest rates available on all other LinkCapital programs.
  • Minimum monthly payment of $75 until employment start date.[3]
  • May provide significant savings over the life of the loan.
  • Interest will not compound during training period. This means you won't accrue interest on interest while in training.

Standard Resident Loan - Fixed Interest Rate

Loan APR and payment calculations assume a total loan size of $225,000.
Displayed rates include the 0.25% auto-debit interest rate reduction.

Term Loan APR Monthly Payment Total Payments
7-year 4.436%-6.531% $3,277-$3,585 $273,465-$298,953
10-year 4.894%-6.872% $2,513-$2,802 $298,000-$3331,858
15-year 5.315%-7.097% $1,939-$2,209 $341,467-$387,878
20-year 5.658%-7.129% $1,686-$1,921 $390,929-$443,182

Contracted Resident Loan - Fixed Interest Rate

Loan APR and payment calculations assume a total loan size of $225,000.
Displayed rates include the 0.25% auto-debit interest rate reduction.

Term Loan APR Monthly Payment Total Payments
7-year 3.912%-6.021% $3,203-$3,508 $267,349-$292,579
10-year 4.399%-6.511% $2,444-$2,748 $289,927-$325,482
15-year 4.889%-6.707% $1,878-$2,148 $330,888-$377,384
20-year 5.254%-6.755% $1,625-$1,860 $377,148-$429,519

Check out our loan calculator to estimate your savings

 

LinkCapital’s offered terms are subject to change. None of the website’s information represents a recommendation, solicitation or offer by LinkCapital or its affiliates to buy or sell any securities or other financial instruments. LinkCapital loans are originated by Campus Door. Select loans will be originated and funded by Bank of Lake Mills and not LinkCapital. Bank of Lake Mills does not have an ownership interest in LinkCapital. Neither LinkCapital nor Bank of Lake Mills is affiliated with the school you attended or are attending. Bank of Lake Mills is Member FDIC. A LinkCapital refinance loan is a private student loan.