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College Guide

Dental Residency and Relocation Loan

 

Fifth Third Bank is pleased to offer the Residency and Relocation Loan which can cover the costs incurred during your final year of dental school, e.g., residency interviews, relocation, or board examination expenses.

Student borrowers - Apply now

Eligibility

  • You must be a U.S. citizen or permanent resident or a foreign borrower applying with a creditworthy U.S. citizen or permanent resident.
  • You must have no student loans that are delinquent or in default.
  • You must meet current credit and other eligibility criteria.

Benefits

  • Pricing that rewards creditworthy borrowers.
  • Applying with a creditworthy cosigner may help you qualify and/or receive a lower interest rate.
  • Borrowers may apply for a cosigner release after successful completion of their education.1
  • A 0.25 percentage point interest rate reduction is available for automatic debit.2

Features

  • Easy online application with fast credit decision and electronic signature ("eSign") available.
  • No payments are required while you are in school.3
  • 24/7 online account management.
  • There is no prepayment penalty.

Loan terms

Loan limits

You may borrow a minimum of $1,000 up to a maximum of $15,000.

Interest rate

  • Applying with a creditworthy cosigner may help you qualify and/or receive a lower interest rate.
  • The Residency and Relocation Loan has interest rates that reward good credit. Interest rates are variable and are reset monthly based on the one-month LIBOR Index.

Fees

  • Disbursement fees range from 0% to 4%.
  • No repayment fee.

Repayment

  • Flexible repayment options are available.
  • Prepay your loan at any time without penalty.
  • Repayment begins three years after graduation or nine months after leaving school or dropping to less than half-time status.3

Legal

1 To qualify, borrower must make 24 consecutive on-time principal and interest payments, be a U.S. citizen or permanent resident and meet the underwriting requirements when the release request is processed.

2 Recurring payment must be successfully deducted from designated account for rate reduction to apply. Benefit suspended during forbearances and deferments.

3Unpaid interest will capitalize.

Fifth Third Residency & Relocation Loans are intended to cover expenses not included in your school's cost of attendance.

Residency & Relocation Loans are funded by Fifth Third Bank.

Information advertised valid as of 8/27/2012.

FIFTH THIRD BANK RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BORROWER BENEFITS (INCLUDING INTEREST RATE REDUCTIONS), AT ANY TIME WITHOUT NOTICE. APPLICANTS SHOULD CHECK THE FIFTH THIRD EDUCATION LENDING WEB SITE CLOSE TO THEIR LOAN APPLICATION DATE, AND AGAIN PRIOR TO DISBURSEMENT, TO OBTAIN THE MOST UP-TO-DATE INFORMATION REGARDING PRODUCTS, SERVICES, AND BORROWER BENEFITS.

All loans are funded by Fifth Third Bank and are subject to credit review and approval. Fifth Third and Fifth Third Bank are registered service marks of Fifth Third Bancorp.

Fifth Third Bank, Member FDIC. Equal Housing Lender