CommonBond vs Earnest

Struggling to choose between CommonBond and Earnest? Both products offer unique advantages, making it a tough decision.

CommonBond is a Business & Commerce solution with tags like student-loans, loan-refinancing, personal-finance.

It boasts features such as Online student loan refinancing, Competitive interest rates, Flexible repayment terms, Cosigner release option, Unemployment protection, Forbearance options and pros including Can potentially lower monthly payments, No application or origination fees, Option to release cosigner after making 12-48 consecutive on-time payments.

On the other hand, Earnest is a Ai Tools & Services product tagged with ai, machine-learning, lending, loans, fintech.

Its standout features include AI/machine learning-based credit evaluation, Personal loans, Student loan refinancing, Medical loan refinancing, and it shines with pros like Potentially get approved for a loan with a low credit score, Lower interest rates than traditional lenders for some borrowers, Fast online application process, No origination fees, No prepayment penalties.

Feature	CommonBond	Earnest
Overall Score	N/A	N/A
Primary Category	Business & Commerce	Ai Tools & Services

Product Overview

CommonBond

Description: CommonBond is an online lender that provides student loans and refinancing options. They offer competitive interest rates and flexible loan terms to help borrowers save money.

Earnest

Description: Earnest is a lending platform that uses artificial intelligence and machine learning to evaluate loan applications. It provides personal loans and refinancing for student loans and medical loans. Earnest aims to provide affordable loan rates based on the applicant's credit profile and earning potential rather than credit score alone.

Key Features Comparison

CommonBond Features

• Online student loan refinancing
• Competitive interest rates
• Flexible repayment terms
• Cosigner release option
• Unemployment protection
• Forbearance options

Earnest Features

• AI/machine learning-based credit evaluation
• Personal loans
• Student loan refinancing
• Medical loan refinancing

Pros & Cons Analysis

CommonBond

Pros

• Can potentially lower monthly payments
• No application or origination fees
• Option to release cosigner after making 12-48 consecutive on-time payments

Cons

• Must meet eligibility requirements for refinancing
• No federal student loan benefits like income-driven repayment plans

Earnest

Pros

• Potentially get approved for a loan with a low credit score
• Lower interest rates than traditional lenders for some borrowers
• Fast online application process
• No origination fees
• No prepayment penalties

Cons

• High minimum credit score requirement (680)
• High debt-to-income ratio requirement (50%)
• No cosigners allowed
• Limited loan amounts
• Only available in certain states

Pricing Comparison

CommonBond

• Subscription-Based

Earnest

• Subscription-Based