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 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 $75.[2]
  • May provide significant savings over the life of the loan.
  • No need to refinance again. Reduced interest rate available post training period. Rate reduction will not affect monthly payment.[3]

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.[4]
  • May provide significant savings over the life of the loan.

Standard Resident Loan - Fixed Interest Rate

Repayment APR and payment calculations assume a total loan size of $225,000.
Displayed rates include the 0.25% auto-debit interest rate reduction and a 2.00% rate
reduction (84 and 120 months) or a 1.42% rate reduction (180 and 240 months).

Term Repayment APR Monthly Payment Total Payments
7-year 4.744%-6.711% $3,176-$3,4679 $246,436-$267,8615
10-year 5.236%-7.211% $2,511-$2,803 $266,661-$295,142
15-year 5.062%-6.911% $1,933-$2,211 $286,071-$321,406
20-year 5.257%-7.073% $1,703-$1,990 $309,061-$350,340

Contracted Resident Loan - Fixed Interest Rate

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

Term Repayment APR Monthly Payment Total Payments
7-year 4.043%-6.013% $2,888-$3,159 $241,360-$263,825
10-year 4.648%-6.621% $2,225-$2,494 $264,250-$295,738
15-year 5.147%-6.987% $1,721-$1,979 $303,485-$347,895
20-year 5.392%-7.195% $1,481-$1,746 $343,753-$402,880

 

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.