DAVIE, Fla., Sept. 20, 2016 /PRNewswire/ -- Bankers Healthcare Group, the leading provider of financial solutions for healthcare professionals, introduces a new way for its customer network to pay off medical school debt through a partnership with ELFI from SouthEast Bank, an education loan refinancing and consolidation program.
"The cost of education is increasingly burdensome to our nation's healthcare professionals, and they need more affordable options to paying off debt," said Bankers Healthcare Group President Bob Castro. "Through this new partnership, repayment of education loans can be made more manageable, supported by a team with deep experience and a dedication to customer service."
ELFI offers customizable refinancing options for repaying student debt, including loan amount ($15,000-$250,000), terms (from five to 20 years), competitive fixed and variable rates, and structure (multiple loans can be consolidated for one payment). There are no fees or repayment penalties.
ELFI is backed by SouthEast Bank, whose management team has more than 30 years' experience in the student loan industry. ELFI understands that healthcare professionals need lower rates, flexible terms and manageable payments.
"We are looking forward to working with the healthcare professionals of Bankers Healthcare Group by providing low-cost student loan refinancing and consolidation alternatives. In addition to having low rates and flexible terms on our loans, we know how to best serve the needs of our customers given our long history in the student loan industry," said Barbara Thomas, Executive Vice President of SouthEast Bank and Head of the ELFI loan program.
This partnership complements Bankers Healthcare Group's existing suite of financial solutions for healthcare professionals, which includes working capital loans, credit cards and insurance services.
For more information about student loan refinancing for healthcare professionals, visit www.elfi.com/bhg.
About SouthEast Bank
SouthEast Bank, a Tennessee State chartered banking institution with approximately $1 billion in total assets, operates as a full service depository institution with offices throughout East and Middle Tennessee. SouthEast Bank's holding company, Edsouth Services, with over $3 billion in total assets, has been serving students and schools for nearly thirty years, providing private student loans to graduate students through the Bank's EdMed and PharmD programs. SouthEast Bank also offers private student loans to refinance and consolidate both federal and private student loans through its Education Loan Finance or "ELFI" program. Learn more about the Bank's student lending programs at ELFI.com and https://www.southeastbank.net/.
About Bankers Healthcare Group
Since 2001, Bankers Healthcare Group has been committed to providing hassle-free financial solutions to healthcare professionals, including working capital loans, credit cards and insurance services. BHG has provided more than $2 billion in funding to thousands of satisfied customers nationwide. Inc. has recognized the company 11 times for growth and job creation. For more information, visit www.bankershealthcaregroup.com.
Bankers Healthcare Group
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SOURCE Bankers Healthcare Group