Review of Purefy Student Loan Refinancing

"I always get to where I am going by walking away from where I have been". - Winnie the Pooh

Student loans were often locked in at rates higher than you could be eligible for today. For this reason, GiraffeSpot really likes the online student loan refinancing platforms that allow graduates an easy way to find the best refinancing solution for them.

Purefy is an online lender that offers student loan refinancing through a small number of financers: Citzens, College Ave, Earnest, INvestEd and PenFed. has great rates that make refinancing student loans quick and easy. Purefy also features a “Find my rate” tool that estimates the terms of customers’ loan and lifetime savings before they apply for a credit report.

This is a review of Purefy’s services.

Basic Features:

Loan range:$5,000 - $500,000
Variable rate APR:                            2.49% - 9.60% APR
Fixed rate APR:3.50% - 9.50% APR
Loan period:5 to 20 years depending on the provider
Minimum income:$24,000 is Citizen’s minimum, others range up to $65,000
Employment criteriaVaries by lender
Degree required:No
Use of co-signer:Yes
Release of co-signer:Yes
Interest only payments:No
School:School eligibility varies by lender
In-house customer service:Yes
Fees:No origination fee, no prepayment penalty, no late fees
Discharged in death:Varies by lender
Forbearance:Varies by lender

Their process
Purefy requires a minimum credit score of 660. They do not disclose their typical borrower’s credit score.



  • A wide range of features are offered, allowing increased opportunity for customization
  • No prepayment penalty
  • High refinance limit up to $500,000
  • Ability to have a co-signer
  • With PenFed as a lender Purefy supports spouse couples combining loans into one refinance loan


  • No option to have bi-weekly payments via autopay.

Purefy should add the option to have bi-weekly payments via autopay. By partnering with a handful of financers, Purefy is able to offer a wide range of loan terms and features. Purefy discloses specific details about each lenders offering should want to drill down a little further in your knowledge.