Student Loans Without Cosigners

What are eligibility requirements for Dental Residency/Relocation Loan?

Those who are interested in making their career in dentistry need a reliable and consistent source of finance to make their studies easy going. For this the graduate leverage Residency Relocation loan is a good option. The GradLoans are now providing Dental Residency/Relocation Loan to those who are unable to face the cost of dental education just by using the federal loans and scholarships. The Dental Residency/Relocation loan will cover all the expenses related to board exam preparation, participating in interviews, relocating for residency or an internship and other similar expenses like housing, transportation and groceries etc.

The benefits of Dental Residency/Relocation Loan are:

  1. You can borrow $20,000
  2. 1% interest rate reduction at repayment
  3. 0.25% rate reduction for Automatic Repayment by deduction from your bank account
  4. 15 years of long repayment duration
  5. Defer payments up to 7 years during residency program
  6. After 48 consecutive repayments, there are cosigner release options
  7. All Loans are serviced by Graduate Leverage Servicing
  8. 24x7 account access
  9. Electronic/online application

Eligibility Requirements for Dental Residency/Relocation Loan

  1. It is available to those who are pursuing their career in dentistry in final year of dental school and for six months following graduation.
  2. You need to be U.S. Citizenship or Permanent Resident in U.S. If you don’t have it then you must need to have a cosigner who is U.S. Citizen or permanent resident of U.S.
  3. If you are sole applicant then age will at least be 18 years old in every state but 19 years in Alabama, Nebraska and 21 in Puerto Rico.

Currently the Dental Residency/Relocation Loan is charging the interest rates from LIBOR+5.0% to 9.0% (variable rate). The origination fee for this loan program is from 0% to 6% and the APR is from 4.39% to 9.33%. The variation of interest rates depends up on the credit history of the cosigner as well as the borrower (you). The better you have the credentials, the lower all the fees the lender charges to you.