Is Cedar Education lending legit (Answered)
More information on Is cedar education lending legit.
Cedar Education Lending is one of the financial institutions that help many people including students to secure loans for their education, Is Cedar Education Lending legit
Cedar company is one of the loan company in USA.
Are you seeking to know if Ceder is legit? Don’t worry for we are going to help you so that you won’t fall into the wrong loan company that will rip off your money or frustrate you with a heavy loan interest rate.
Ceder institutions offer loans to students at different levels of education.
Be you a graduate, undergraduate, or even a career training student, cedar has the right loan for you, to help you attend all your education goals without stressing yourself.
Is cedar lending education legit
Let’s air our minds concerning this platform
We have conducted thorough research to know the legit of Cedar Lending company, we found out they are legit for you as a student.
Many students who borrowed from them also testifies their legit, you can visit Trust Pilot here to find out for yourself the good feedback from students who have borrowed loans from them.
Some of these students testify that ceder loan is easy to get, it does not take time for them to approve your loan request.
Others testify how Ceder customer Support always attends to their questions and directs them on how to navigate to some places they find difficult.
While others testified that their interest rate is so cool for students.
There are many good reviews about them you can visit Trust Pilot to find out more or see if there is any negative review about them.
Also, Cedar Loan Company is registered with NMLS “National Mortgage Licensing System”
Cedar Company is also regulated by the Consumer Financial Protection Bureau “CFPB”.
These are bodies that regulate loan companies, any company that is registered with them is considered legit.
Is Cedar Education lending legit
Now let’s proceed deep on how cedar education lending works.
Cedar Loan Company offers 2 types of loans to students they are
- Private Student Loans
- Private Student Loan Consolidation
Private student loans
This is a loan they offer to students who need a loan to pay their school fees or carry out other school expenses.
With Cedar Loan students and their families don’t have to worry anymore because Cedar Loan is there to help them solve school challenges more effectively and quickly.
This type of loan is only for students studying within and outside the USA.
How Cedar Private Student Loan Works
- Students can borrow a minimum of $2,000.
- They offer a maximum of $120,000 lifetime loan to undergraduates while that of graduates is a $160,000 maximum lifetime loan.
- Students can choose a maximum of 10 years to repay their loans, But it is better to pay your loans quickly as a student.
- Students can cancel their loans within 30 days, and no fee will be attached when a loan is canceled.
- Their interest rate differs but it start from 3.10% APR and 4.86%.
- This loan is only used to cater for school expenses like fees, buying textbooks, etc.
- When students take loans with a cosigner the interest rate will reduce.
- When you Auto-pay your loan you are going to get a discount of 0.25
Procedures for applying for Ceder private student loan.
- Go to Cedar’s website
- Click on “Apply now for a private student loan
- It will take you to lendey.com website ( at the LendKey website you will read more information concerning the loan, and you will also see several reviews about the loan)
- Click on Apply now ( it will take you to another page)
- They will ask you “Have you borrowed before?” (answer “yes” or “no”).
- Choose your state of residence (if you are an internal student choose “international student” if not select your state). Is Cedar Education lending legit
- Select your school and click continue. (it will take you to another place)
- On this page, you have to fill in details like the amount of money you need, education level, US resident or citizen, and your email address. Etc
- After you are done click “Get started”
- Your loan will be revised if they approve you you will receive the loan.
Private student loan consolidation
Student Loan Consolidation is a loan given to students to help them pay their previous loan at once so that the interest rate will reduce, it can also be called loan refinancing.
Steps of how to apply for Cedar student loan consolidation
- Visit the Cedar website
- Click on “consolidate” (it will take you to the LendKey website)
- Click “check your rate” (it will take you to another page)
- Here you have to fill in some details like personal details, school details, and loan Information and agree to their terms. Is Cedar Education lending legit
- The next step is to click “Check your rate”
- Then your request and information will be in review.
Frequently asked questions about the Cedar lending website
Does Cedar Company only give loans to students?
No, cedar does not provide loans only for students they also offer loans to other people including businessmen and women and others that need loans. Is Cedar Education lending legit
But they set a category where students can only lend money for their school running.
Aside from loans, what other thing does the Cedar platform offer?.
Cedar Company does not offer only loan
They also offer scholarships to students which they tagged “Because College is Expensive”.
The winner is given $500, they always do this 4 times in year, march, June, September, and December.
The winner is chosen every 15th of the month.
Cedar lending contact details
Below are some contacts to reach the Cedar loan company
For more explanation on anything you don’t understand reach them here loanhelp@cedaredlending.com
For inquiries about their website
Reach them here website@cedaredlending.com
For questions that concern scholarships or loans reach them at info@cedaredlending.com
Conclusion
Cedar Education is known to offer funding options to students at different levels, they offer private loan consolidation and private loan, Also their rate is normal.
Is Cedar Education lending legit
As a student who is looking for a loan, you can borrow from the Cedar website we have discussed some of the things that will help you get started.
