Purefy Review  

By loansmack

Key Features

  • Student loans for undergraduate and graduate.
  • Refinance student loans for former students and parents.
  • Can apply with & without a cosigner; cosigner release offered.
  • 5, 8, 12, 15 year repayment terms.
  • Loan Rates: Variable Rates - 3.14% – 11.14%  Fixed Rates - 5.25% – 11.99%.  
  • Refinance Rates: Variable Rates – 2.82% – 6.60%  Fixed Rates – 3.50% – 7.28%. 
  • No origination fees or prepayment penalties.

About Purefy

Founded in 2014, Purefy allows students and parents to take out loans to pay for college, as well as refinance student loans for people that have already graduated.  Purefy has partnered with some of the most competitive lenders to bring people more options, lower rates and a wider selection of maturities.  The loans issued by Purefy are originated by PenFed Credit Union or Citizens Bank.


  • Spouse Loan Refinancing - When you apply for a couple loan, Purefy adds your incomes together and uses the higher of your two credit scores to maximize your savings. The spouse with the higher credit score should apply as cosigner.
  • Quick Application Process – You can apply in a few minutes.
  • No origination fees or prepayment penalties.


  • Rates – Depending on your credit or your cosigner's credit, you may not get your desired rate.  

How to get started with Purefy

You can get started with Purefy through their online process.  Remember, when you get a rate estimate from a lender, this involves a 'soft credit' check, which will not affect your credit score.  When you decide to actually apply for a loan, the lender will do a hard credit pull which will slightly affect your credit score.

Documents you'll need for when applying to most lenders:

  • Government ID (passport, driver's license, green card).
  • Income verification (if applicable); this can include pay stubs, W-2's, etc.
  • Social Security number.