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Dedicated Partners
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Save Up To �% on Fleet 1st Loan Interest

Get an automatic �% interest rate reduction when you enter repayment just by signing up for our electronic loan payment withdrawal program!
Then receive an additional �% interest rate reduction just for making your first 48 consecutive loan payments on time!

Fleet 1st Loan Program1

Fleet1stSM Loan Program is for undergraduate and graduate students enrolled full-time or part-time at an approved institution.

  • Student must be enrolled full, half or part-time at an approved institution
  • Student or co-applicant must be credit-worthy
  • Borrow up to the annual cost of education less aid if credit-worthy or with credit-worthy co-signer, not to exceed an aggregate of $75,000 for undergraduates or $110,000 for graduates
  • Repayment Options:

-Defer principal and interest until six months after graduation

-Repayment of interest-only while in school

  • Repayment term up to 12 years for undergraduates and 15 years for graduate students2
  • Interest Rate is Prime3 plus .50% and adjusts quarterly
  • Fees:

None

  • Additional Incentives4:

-For credit-worthy graduates, a co-signer release is available after the first 48 consecutive on-time monthly loan payments

-Reduce interest rate by .50% after making first 48 on-time monthly payments

-Participate in electronic loan payment withdrawal program and gain an additional .25% interest rate reduction

To apply now, you can:

For additional information, you can:

1Fleet1stSM Loans are made available by Fleet Bank in cooperation with the lender, Citibank ( New York State).

2For example, if you borrowed $6,000 and had an in-school period plus a post-graduation grace period totaling 38 months followed by a repayment period of 144 months, and if the Prime Rate maintained a constant 4.25%, the APR would be 5.11%. Also, the principal amount upon entering repayment would be $6,997.50, the monthly payment would be $65.60, and the finance charge over the life of the loan would be $3,446.44. Payments are assumed deferred during the in-school and grace period for a total of 38 months. Repayment begins at the end of the grace period and is assumed to be 144 months. Additional terms and conditions may apply.

3The interest rate is variable and is indexed to the Prime Rate as published in The Wall Street Journal. As of January 1, 200 3, the published Prime Rate was 4.25%.

4Fleet1stSM Loans with first disbursements on or after 4/1/00 are eligible for E-Z Pay rate discounts and CitiExtras. Future borrower benefits subject to the lender's discretion.

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Page modified 1/8/08