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Wells Fargo MedCap Loan is a student loan that covers the cost of education including living expenses, tuition, books, computers, lab supplies, etc.; for medical students and healthcare professionals in the field of nursing, dental, surgery, medical and other health-related programs.
Wells Fargo MedCAP Alternative Loan Features
Wells Fargo MedCAP Loan Interest Rates
You have an option to choose between Variable APR and Fixed APR. Variable Interest rates depend on market conditions, i.e., your monthly payments go up if market rates go up. Fixed Interest rates on the other hand, remain same through the term of your loan.
The Annual Percentage Rate (APR) is determined by several factors, such as, credit history, current employment, bank balance, etc. The interest rate can vary from 4.36% APR to 8.89% APR, in case of Variable Interest Rate. And, 6.66% APR to 10.18% APR, in case of Fixed Interest Rate.
Wells Fargo is flexible as per your convenience. The lender will present you with the interest rate options specific to you, keeping in mind your financial background. You can then choose the best option available based on variable or fixed interest rates.
Wells Fargo MedCAP Loan Eligibility
To be eligible for the Wells Fargo MedCAP Student Loan, you need to meet the following criteria:
Wells Fargo MedCAP Loan Benefits
Wells Fargo MedCAP is a convenient, easy to access, flexible loan choice for medical students and health professionals across USA. The eligibility for the loan is basic and most students can qualify without a cosigner, though having a cosigner makes interest rates much lower.
It allows you a buffer of six months, before you start repaying the loan. The amount and term of the Wells Fargo MedCAP loan is flexible. The application process is easy, with an option of automatic payment system. You can also seek interest rate discounts. All in all, it’s a favorable student loan.
Stilt provides loans to international students and working professionals in the U.S. (F-1, OPT, H-1B, O-1, L-1, TN visa holders) at rates lower than any other lender. Stilt is committed to helping immigrants build a better financial future.
We take a holistic underwriting approach to determine your interest rates and make sure you get the lowest rate possible.
Learn what others are saying about us on Google, Yelp, and Facebook or visit us at https://www.stilt.com. If you have any questions, send us an email at [email protected].
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