Chase is one of the leading banking institutions that caters to financial aid for students facing difficulties brought about by the various loans they have incurred while pursuing a higher education. There are many other institutions out there that give out the same offer yet, a lot of people go for Chase Student Loan Consolidation. Chase, along with Citigroup, Bank of America and Wells Fargo, make up the four biggest banks in the United States. You can definitely be assured that Chase is a banking institution that you can depend on.
JP Morgan Chase has a reported US $2 Trillion asset and considered to have the second highest market capitalization. Their financial services are offered worldwide with their headquarters located in New York City. Their financial products would include consumer and corporate banking, financing and insurance, investment banking, mortgage loans and credit card loans. If you are facing problems with the various loans incurred while in college, you would want to apply for a student loan consolidation offered by Chase. Here are the benefits in choosing to consolidate your different student loans through this reputable lender:
a. The loan product merges all your eligible student loans together into one single loan. Because of this, you only have to focus on one monthly payment.
b. You can extend your repayment period to as long as 30 years. Longer repayment period would give you a lower monthly payment. This will allow you the breathing space you need as you continue to apply for a better paying job. Lower monthly payment can also give you extra cash in your pocket.
c. Interest rate in consolidating through Chase is competitive and slightly lower compared to the combination of interest rate of your individual loans. The interest rate offered by Chase is also lower compared to other private lending institution.
d. You can consolidate 3 or more private loans from other lenders and apply any time after graduation.
e. There is no penalty if you choose to pay off your account early than the original repayment period. This is, in fact, being highly encouraged for the student to save money in the long run.
f. Your application for a student Loan Consolidation can hasten if you have a parent or other relatives or friends to apply with you.
g. Chase Bank has competent and efficient staffs that will help you in applying for your student loan consolidation.
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