Laurel Road

 

Laurel Road is a preferred provider of the Emergency Medicine Residents' Association and specializes in providing low-rate student loan refinancing to young physicians. Laurel Road also offers a full suite of banking and lending products, including checking and savings accounts, personal loans, and mortgages with easy online solutions, trusted technology, and premium care to help doctors find financial peace of mind.

In April 2019, Laurel Road became part of KeyBank, one of the nation's largest bank-based financial services companies and Member FDIC.

 

Resident and Fellow Benefits

Student Loan Refinancing

EMRA residents pay only $100 per month throughout training.4

Benefits Include:

  • EMRA members receive an additional 0.25% rate discount when refinancing with Laurel Road5
  • 100% online application allows physicians to get rates in minutes6
  • Residents pay only $100/month all through training
  • Join the thousands of residents who have saved with Laurel Road7
Click here to apply

Mortgage Lending

EMRA Members can get a 0.25% rate discount8

Home buying on the horizon? Laurel Road’s simplified online mortgage process helps you get closer to closing with special options for physicians. With a range of home financing options and competitive low rates, our mortgages are designed to fit the needs of physicians like you.

Mortgage Benefits Includes:

  • EMRA Members get a 0.25% rate discount. You could also save up to $650 off closing costs.9
  • Up to 100% financing10
  • No private mortgage insurance (PMI) required10
  • Digital application experience—and human support when you need it.
Check your mortgage rates today

Laurel Road is a brand of KeyBank National Association. All loans are provided by KeyBank. NMLS# 399797. Member FDIC.

Personal Lending

Planning your next big trip? Laurel Road’s low-APR personal loans can be used for larger purchases like travel, home improvements, weddings, credit card consolidation, and more. Residents can borrow up to $45,00011, depending on year of residency.

Personal Loan Benefits Include:

  • EMRA Members receive an additional 0.50% rate discount on a personal loan with Laurel Road2
  • Special repayment options during training
  • Autopay discount – eligible for discount of 0.25% when monthly payments are made automatically from a bank account3
Click Here to Apply
 

Alumni Benefits

Student Loan Refinancing

EMRA residents pay only $100 per month throughout training.4

Benefits Include:

  • EMRA members receive an additional 0.25% rate discount when refinancing with Laurel Road5
  • 100% online application allows physicians to get rates in minutes6
  • Residents pay only $100/month during training
  • Join the many customers who have saved with Laurel Road7
Click here to apply

Mortgage Lending

EMRA Members can get a 0.25% rate discount.8  You could also save up to $650 off closing costsnt.

Home buying on the horizon? Laurel Road’s simplified online mortgage process helps you get closer to closing with special options for physicians. With a range of home financing options and competitive low rates, our mortgages are designed to fit the needs of physicians like you.

Mortgage Benefits Includes:

  • EMRA Members get a 0.25% rate discount5. You could also save up to $650 off closing costs.
  • Up to 100% financing10
  • No private mortgage insurance (PMI) required10
  • Digital application experience—and human support when you need it.
Check your mortgage rate today

Laurel Road is a brand of KeyBank National Association. All loans are provided by KeyBank. NMLS# 399797. Member FDIC.

Personal Lending

Planning your next big purchase? Laurel Road’s low-APR personal loans can be used for larger purchases like travel, home improvements, weddings, credit card consolidation and more. Borrow up to $80,00012 with a personal loan if you're in practice, or within 12 months of completing training and have a signed contract to practice.

Personal Loan Benefits Include:

  • EMRA Members receive an additional 0.50% rate discount on a personal loan with Laurel Road2
  • Special repayment options during training
  • Autopay discount – eligible for discount of 0.25% when monthly payments are made automatically from a bank account3
Click Here to Apply
 

Medical Student Benefits

Personal Lending

EMRA members must apply through www.laurelroad.com/EMRA to access these benefits.

Personal Loans for Residency Interviews

Student members in their 4th year of medical school can borrow up to $15,000+

  • Student members receive an additional 0.50% rate discount on a residency interview load with Laurel Road+
  • Special repayment options during training
  • Autopay discount – eligible for discount of 0.25% when monthly automatic payments from a bank account is selected at the time of closing+
Click here to apply
Click here to learn more

 

Disclosures

Notice: This is not a commitment to lend or extend credit. Conditions and restrictions may apply. All credit products are subject to credit approval. Mortgage products are also subject to collateral approval. Mortgage products are available in all 50 U.S. states and Washington, D.C. Hazard insurance and, if applicable, flood insurance are required on collateral property. Actual rates, fees, and terms are based on those offered as of the date of application and are subject to change without notice.

If you are refinancing any federal student loans with Laurel Road, you will no longer be able to take advantage of any federal benefits, including but not limited to: COVID-19 payment relief, Income Based Repayment (IBR), Pay As You Earn (PAYE), or Revised Pay As You Earn (REPAYE), and Public Service Loan Forgiveness(PSLF). For more information about the benefits of these federal programs and other federal student loan programs, please visit https://studentaid.gov.

  1. Minimum loan amount of $5,000.00 and maximum amount of $15,000.00 for loan purposes of residency interviews. Please visit Personal Loan for information regarding other personal loan purpose options.
  2. The 0.50% EMRA member rate discount is offered for personal loan applications from EMRA members in good standing and EMRA alumni. The rate discount will end if EMRA notifies Laurel Road that borrower is no longer in good standing.
  3. AutoPay/EFT Discount: if the borrower chooses to setup monthly payments automatically by electronic fund transfer (EFT) from a bank account before closing, the interest rate will decrease by 0.25%. The discount will be reflected in your monthly payment.
  4. Click here for APR and Payment Examples and more information about the $100 monthly payments.
  5. The 0.25% Emergency Medicine Residents Association (EMRA) member interest rate discount is offered on new student loan refinance applications from active EMRA members. The EMRA discount is applied to your monthly payment and will be reflected in your billing statement. The discount will end if the EMRA notifies Laurel Road that the borrower is no longer a member. This offer cannot be combined with other member or employee discounts from Laurel Road affiliated partners or employers.
  6. Checking your rate with Laurel Road only requires a soft credit pull, which will not affect your credit score. To proceed with an application, a hard credit pull will be required, which may affect your credit score.
  7. Savings vary based on rate and term of your existing and refinanced loan(s). Refinancing to a longer term may lower your monthly payments, but may also increase the total interest paid over the life of the loan. Refinancing to a shorter term may increase your monthly payments, but may lower the total interest paid over the life of the loan. Review your loan documentation for total cost of your refinanced loan.
  8. The interest rate discount of 0.25% is offered to borrowers that are an active EMRA member at the time of closing. This 0.25% interest rate discount cannot be combined with other offers, except the Rewards Program. For Fixed-rate mortgages, the 0.25% rate discount is a permanent interest rate reduction that will be reflected in the Promissory Note interest rate. For adjustable-rate mortgages, the 0.25% rate discount will apply to the initial Fixed interest rate period and will be reflected in the maximum amount the interest rate can increase over the term of the loan, subject to the minimum interest rate that may be charged per the terms of the Promissory Note.  For more information on “Rewards” see the Rewards Program disclaimer using this link http://www.laurelroad.com/partnerships/emra/#emraDisclaimers
  9. Laurel Road offers up to $650 in lender's credit towards your mortgage closing costs. Credits cannot exceed borrowers' actual costs to close. For more information on how to obtain the $650 credit, refer to the Rewards Program information here. https://www.laurelroad.com/healthcare-banking/mortgage/#disclaimer
  10. 100% financing and no private mortgage insurance (PMI) is only available to interns, residents, fellows, doctors, dentists, clinical professors, researchers, or managing physicians with a current license and a degree of Doctor of Medicine (MD), Doctor of Osteopathic Medicine (DO), Doctor of Podiatric Medicine (DPM), Doctor of Dental Surgery (DDS), or Doctor of Dental Medicine (DMD). Only available when purchasing or refinancing with no cash out on a primary residence and loan amount does not exceed $1,000,000. Retired doctors are not eligible. Additional conditions and restrictions may apply.
  11. Maximum loan amount for those in training without a contract to practice are as follows: first year of study – $30,000; second year of study – $35,000; third year of study – $40,000 and forth (and above) year of study – $45,000.
  12. If you a practicing Doctor [Doctor of Medicine (MD) or Doctor of Osteopathic Medicine (DO)] or Dentist [Doctor of Medicine in Dentistry or Doctor of Dental Medicine (DMD) or Doctor of Dental Surgery (DDS)] or if you are a resident, with one of the aforementioned degrees and a contract to start practicing within 12 months of application approval, you may be eligible to borrow up to $80,000.

Laurel Road is a brand of KeyBank National Association. All products offered by KeyBank N.A. Member FDIC. NMLS # 399797. Equal Housing Lender. © 2022 KeyCorp® All Rights Reserved. Laurel Road is a federally registered service mark of KeyCorp. 855 Main St., 8th Floor, Bridgeport, CT 06604, USA.

Visit https://www.laurelroad.com/partnerships/emra/med-student/

Laurel Road is a brand of KeyBank National Association. All loans are provided by KeyBank.

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