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Precision pricing

Precision Pricing: Smarter loans, more savings.

Unlike other lenders, Earnest customizes your rate based on your preferred monthly payment. Read below to see why more personalized rates mean extra savings.

How Precision Pricing™ Works

Step one
Step two
Step three
Step four

Step one

Determine how much you can afford to pay each month

Step two

Get a rate and term matched to that amount

Step three

Save money due to your lower rate/shorter term

Step four (optional)

Marvel at why no one came up with this sooner

Step one

Step one

Determine how much you can afford to pay each month

Step two

Step two

Get a rate and term matched to that amount

Step three

Step three

Save money due to your lower rate/shorter term

Step four

Step four (optional)

Marvel at why no one came up with this sooner

When we designed a better loan, we applied the science of curves.

Precision Pricing

This is how a traditional bank assigns rates. Any payment amount that falls between two terms is automatically bumped up to the longer term/higher rate.

Precision Pricing

This is how Earnest assigns rates. Rather than forcing you into a few term lengths, we offer terms at every month interval from 5-20 years—180 different options, to be exact.

Student loans

Extra Savings Exclusive to Earnest

Earnest was founded to fix an outdated approach to lending. We knew we could use technology to bring more transparency—and savings—to indebted grads. Through the hard work of dozens of data scientists, engineers, and designers, we built a modern solution from the ground up.

A solution that finds the sweet spot between what you can afford and what you should be paying in interest, never a single basis point more. A solution that puts the power in the hands of the client, not the bank. This unprecedented flexibility is the foundation of what makes Earnest different—and we call it Precision Pricing.

Student loans

Precision Pricing in practice

How custom terms mean more savings

Say Jenny has a $100,000 loan, and she can afford to pay $1000/month.

At Traditional Bank, the monthly payment for a 10-year loan is just a bit more. That means she’s given a 15-year term instead—which has a much higher rate. (Longer terms have higher rates.)

But with Earnest, a $1000 monthly payment corresponds to an ‘in-between term’ of 10.5 years that’s totally unavailable at Traditional Bank.

This shorter term saves Jenny money since it has a lower rate and there’s less time for interest to accrue. Win-win!

Explore Precision Pricing

The slider below demonstrates how different monthly payments affect your rate and term. And remember—a shorter term can save just as much money as a lower APR.

Precision Pricing