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Medical Student getting 6.25 APR on loans

Medical Refinance Loan

The Commerce Bank Medical Refinance Loan

Rates as low as 3.75% APR♢ for well qualified borrowers with a 0.25% autopay rate discount6


Find my rate

♢ Rate offer shown of 3.75% APR assumes excellent borrower credit history and reflects a rate discount of 0.25% for automatic rate payments. Rates without automatic payment discount can range from 4.00% - 9.75% APR. depending on borrower credit history and repayment option chosen.

Start your career on solid financial footing.

Doctors refering to notes

With our competitive rates and flexible terms, you could save thousands of dollars over the life of your loan. It’s a smart, easy way to simplify your financial life.

  • No origination fee or prepayment fees

  • Ability to refinance federal and private student loans into one loan with a single monthly payment1

  • A dedicated private banker assists you through the process 

    Get started

10 year fixed rate Term

Fixed APR2:

4.375% - 7.375%4

Variable APR3:

3.75% - 7.00%5

20 year fixed rate Term

Fixed APR2:

5.00% - 8.00%4

Variable APR3:

4.625% - 7.625%5


Find my rate

♢ Rate offer shown of 3.75% APR assumes excellent borrower credit history and reflects a rate discount of 0.25% for automatic rate payments.6 Rates without automatic payment discount can range from 4.00% - 9.75% APR depending on borrower credit history and repayment option chosen.


Solutions for busy medical professionals

  • Doctor of Optometry (O.D.)

  • Doctor of Medicine (M.D.)

  • Veterinary Medical Doctor (V.M.D.)

  • Doctor of Podiatry (D.P.M.)

  • Doctor of Physical Therapy (D.P.T.)

  • Doctor of Medical Dentistry (D.M.D.)

  • Doctor of Osteopathic Medicine (D.O.)

  • Doctor of Pharmacy (Pharm. D)

  • Doctor of Nurse Practitioner (D.NP)

  • Doctor of Veterinary Medicine (D.V.M.)

  • Doctor of Dental Surgery (D.D.S.)

  • Doctor of Dental Science (D.D.S.)

To qualify, you must also:

Doctor checking on young patient

  • Be currently employed or have an employee contract pending by a medical hospital, practice or clinic.
  • Be a U.S. citizen or non-citizen permanent resident of the U.S.
  • Meet minimum debt-to-income and other basic credit criteria.
  • Have qualified student loans between $30,000 -$400,000 for refinancing.

Learn about your student loan repayment options.

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Customize lending solutions.

Apply now

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A dedicated private banker to help you plan for the future.

Let’s talk about refinancing
your medical education loans.

Additional savings icon

Additional savings when you enroll in autopay6

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Should You Refinance? 4 Questions to Consider
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5 Tips for Achieving Financial Security

Have questions?

Contact Us

Disclosures:

  1. For information on the Federal Direct Consolidation program, visit https://studentaid.ed.gov/sa/repay-loans/consolidation. By refinancing your federal student loans through a private refinance loan program, you will forgo certain benefits and options currently available to you such as federal Income-Driven Repayment plans, deferment, forbearance, and loan forgiveness options.
  2. If you choose a fixed rate option the rate will not increase or decrease for the life of the loan.
  3. If you choose a variable rate option your rate will vary with the market based on the one-month London Interbank Offered Rate (LIBOR) as published by Reuters on its Reuters Screen LIBOR01.
  4. 10-year fixed rate example: a borrower with a $30,000 loan and a fixed APR of 7.37% will make 120 monthly payments of $354.14 for an estimated total in payments of $42,496.80. 20-year fixed rate example: a borrower with a $30,000 loan and a fixed APR of 8.00% will make 240 monthly payments of $250.92 for an estimated total in payments of $60,220.80.
  5. 10-year variable rate example: a borrower with a $30,000 loan and a variable APR of 7.00% will make 120 monthly payments of $348.32 for an estimated total in payments of $41,798.40. 20-year variable rate example: a borrower with a $30,000 loan and a variable APR of 7.62% will make 240 monthly payments of $243.97 for an estimated total in payments of $58,552.80.
  6. Borrower must enroll in auto debit through Sallie Mae. The rate reduction benefit applies only during active repayment for as long as the Current Amount Due or Designated Amount is successfully withdrawn from the authorized bank account each month, and may therefore be suspended during a hardship forbearance period.

Information advertised valid as of 03/11/2020.

COMMERCE BANK RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BENEFITS AT ANY TIME WITHOUT NOTICE.

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