“The programs are tailored to this lower-risk group so there are no fees or upfront costs and the programs allow for deferment through training and flexible terms,” said Dana Ringer, LinkCapital’s Senior Vice President of Business Development.
CHICAGO, IL (PRWEB) November 01, 2016
LinkCapital, the Chicago-based financial startup that has already funded more than $55 million in refinanced student loans, announced today it has secured new and expanded funding capacity to provide refinancing options for additional medical professionals.
This most recent round of capitalization and investment puts LinkCapital in a position to provide enhanced offerings for medical professionals seeking to refinance their student loans. These enhancements allow medical professionals to choose the option that best fits their situation from offerings in two available loan programs. These options include:
- The LinkCapital Medical Professional Refinance Loan: available for medical professionals who have received a requisite degree type and have completed post-graduate training. This option includes fixed and variable interest rate options with repayment terms ranging from three years to 20 years and requires immediate repayment.
- The LinkCapital Medical Resident Refinance Loan: consisting of two offerings – the Standard Resident Loan and the Contracted Resident Loan – these options are designed for medical residents who have completed at least one year of post-graduate training, but have not yet completed a residency or fellowship. The Standard Resident Loan, a fixed interest rate option including repayment terms ranging from seven years to 20 years, allows individuals to partially defer full payments by requiring a flat payment of $75 per month for up to 72 months. The Contracted Resident Loan, a fixed interest rate option including repayment terms ranging from seven years to 20 years, allows individuals with a signed employment contract and a start date within 12 months of refinancing to receive the fixed rates offered under the Medical Professional Refinance Loan while still taking advantage of the partial deferment option.
Currently these programs, which provide competitive interest rates, flexible repayment options, and no upfront fees or costs associated with refinancing, are offered exclusively to medical professionals and residents at LinkCapital’s health system partners, providing access to more than 5,000 medical professionals across the country. The program will expand to include other medical professionals and be available for LinkCapital’s affiliate partners.
“We believe in alleviating the significant debt burden for medical professionals so they can focus more on family, friends and their profession,” said Dana Ringer, LinkCapital’s Senior Vice President of Business Development. “The programs are tailored to this lower-risk group so there are no fees or upfront costs and the programs allow for deferment through training and flexible terms.”
LinkCapital partners with health care systems and private investors to offer flexible student loan refinance options for medical professionals. These options are created to be somewhat customizable depending on a borrower’s career stage and personal finances.
LinkCapital helps medical professionals save money and make better financial decisions through flexible, competitive student loan refinancing programs. Tailored to fit a medical professional's unique needs throughout all career stages with loan programs that allow borrowers to focus on what matters most, and do what they love. To learn more about LinkCapital, and how it serves medical professionals at all stages of their careers, visit http://www.linkcapital.com.