Balloon loans.

A flexible option to start with lower payments.

40% Balloon
As low as 11.40% Annual Percentage Rate (APR)11.40% 40% Balloon Student Loan example: $47,737 borrowed at 12.99% Annual Percentage Rate (APR) for 180 months = $497.59 per month with one final balloon payment of $19,095 due at the end of the loan term. 50% Balloon Student Loan example: $47,737 borrowed at 13.13% Annual Percentage Rate (APR) for 180 months = $475.48 per month with one final balloon payment of $23,869 due at the end of the loan term.

50% Balloon
As low as 11.55% Annual Percentage Rate (APR)11.55% 40% Balloon Student Loan example: $47,737 borrowed at 12.99% Annual Percentage Rate (APR) for 180 months = $497.59 per month with one final balloon payment of $19,095 due at the end of the loan term. 50% Balloon Student Loan example: $47,737 borrowed at 13.13% Annual Percentage Rate (APR) for 180 months = $475.48 per month with one final balloon payment of $23,869 due at the end of the loan term.

Apply for 40% balloon Apply for 50% balloon

Lower payments now, one larger payment later.

The majority of people who borrow money for educational expenses do so while they are still in school. After graduation, financial situations often change significantly. Refinancing to a Balloon Loan offers lower monthly payments, followed by a larger, one-time payment at the end of the loan. This allows you to start your career off with more manageable payments and pay more when you have had time to settle into your career.

Pay down any of the loan balance at any time
No application or origination fees
Choose a balloon payment of either 40% or 50% of the total loan amount
DebtSafe® Optional payment protection
No-cost, no-obligation consultation by calling 1.888.422.5680

Student Loan options.The interest rate is based on credit worthiness and credit history. All loans are subject to approval according to First Tech lending policies. Credit Union membership is required and subject to approval. Rates, terms and conditions subject to change and some restrictions may apply.

Fixed-Rate Loans

As low as 8.60% Annual Percentage Rate (APR)8.60% Student Fixed-Rate Loan example: $62,589 borrowed at 9.57% Annual Percentage Rate (APR) for 180 months = $10.48 per month per $1,000 borrowed.

Our most popular loan, Pay off your current student loan faster or consolidate multiple loans to get a great rate with one easy monthly payment.

Check my rate Learn More

Balloon Loans

As low as 11.40% Annual Percentage Rate (APR)11.40% 40% Balloon Student Loan example: $47,737 borrowed at 12.99% Annual Percentage Rate (APR) for 180 months = $497.59 per month with one final balloon payment of $19,095 due at the end of the loan term. 50% Balloon Student Loan example: $47,737 borrowed at 13.13% Annual Percentage Rate (APR) for 180 months = $475.48 per month with one final balloon payment of $23,869 due at the end of the loan term.

A flexible option for working professionals just starting out. Get a lower payment now and have one larger payment later when you expect to have more income.

Interest-Only Loans

As low as 11.40% Annual Percentage Rate (APR)11.40% Interest Only 1 to 5 year Loan example: $71,116 borrowed with a 12.99% Annual Percentage Rate (APR) has a payment of $769.83 during the Interest Only repayment period for the first 5 years based on the outstanding principal balance. For the remaining years of the 15-year term, the payment will be $1,061.42 to include principal and interest combined. Interest Only 6 to 10 year Loan example: $25,000 borrowed with a 13.79% Annual Percentage Rate (APR) has a payment of $287.29 during the Interest Only repayment period for the first 10 years based on the outstanding principal balance. For the remaining years of the 15-year term, the payment will be $578.99 to include principal and interest combined.

Allows you to make lower, interest-only payments at first, with a repayment schedule that grows with your income. You can pay down principle at any time with no penalty.

Learn More