Student Loans

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Private Student Loans

The Sallie Mae Smart Option Student Loan® from Commerce Bank is an ideal solution to help bridge that gap between federal loans and the cost of your education expenses.

Benefits and Features:

For borrowers attending degree-granting institutions

  • Low variable interest rates – 2.25% APR to 9.37% APR, or competitive fixed interest rates3
  • No origination fees and no prepayment penalty
  • Pay now or later – defer your payments until after school or choose an in-school repayment option that fits your needs3
  • Get a 2% Smart Reward® in your Upromise® account when you make scheduled monthly payments on time while in school5 (Not available with Deferred Repayment Option)
  • Earn a 0.25 percentage point interest rate reduction while enrolled to make scheduled monthly payment by automatic debit6
  • Borrow up to 100% of your school certified education costs (minimum $1,000)
  • Applying with a creditworthy cosigner may help you qualify and/or receive a lower interest rate
  • You can apply for a cosigner release after you graduate and make 12 consecutive on-time principal and interest payments4

Easy online application with fast credit decision and electronic signature (eSign) available.

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Disclosures:

  • 3,4,5,6 Click here for additional important information.
  • To send an email that contains confidential information, please visit the Secure Message Center where there are additional instructions about whether to use Secure Email or Online Banking messaging.

Additional Information