Splash Financial focuses on student loan refinancing for medical residents, fellows, and practicing physicians. The company launched with the belief that doctors have unique repayment challenges and need refinancing programs designed around training timelines, lower early-career income, and large loan balances.
If you are considering refinancing your medical school loans, here is what to know about how Splash works in 2026, who is eligible, and how it compares to other lenders.
What Makes Splash Financial Different
Splash Financial was created specifically for residents and physicians who need flexible repayment options during training. Instead of treating medical borrowers like traditional consumers, Splash built a program around lower income and long training periods.
The biggest feature is the option for residents and fellows to make one dollar payments during training for up to seven years. This keeps loans current without placing financial strain on borrowers in low-income years. Splash also offers forgiveness in cases of death or permanent disability and provides a tool to help doctors compare income-driven repayment programs to private refinancing.
Eligibility and Who Can Refinance
Splash works with:
- Medical residents
- Fellows
- Practicing physicians
The company has plans to expand to fields like pharmacy, dentistry, nursing, and advanced practice providers.
To qualify, borrowers typically need:
- U.S. citizenship or permanent residency
- A good credit history
- Verification of training or employment
- Loan balances between twenty five thousand and three hundred fifty thousand
- Residence in one of the states where Splash currently lends
Splash refinances both federal and private loans.
How the Refinancing Process Works
The entire application is handled online. Borrowers start with a short form on the Splash website, then move to the application system used by Splash’s partner, CampusDoor. A hard credit pull is required for underwriting.
If approved, borrowers upload documentation that proves identity, education, and current training or employment. Bank of Lake Mills funds the loan, pays off the borrower’s existing servicers, and creates the new loan. Splash then purchases the loan from the bank.
Most borrowers complete the initial application in under fifteen minutes, and funded loans typically take a week to process.
Rates, Terms, and Repayment Features
Splash offers fixed rates only, with repayment terms up to seventeen years. Notable features include:
- One dollar monthly payments during residency
- Deferment and forbearance options
- A quarter percent autopay discount once practicing
- No prepayment penalties
Rates vary based on credit profile and term length, similar to other refinancing companies.
If you want to compare refinance options beyond Splash, you can check student loan refinancing rates through LeverageRx.
Required Documentation
Borrowers usually need:
- A recent paystub
- Government issued identification
- Payoff verification from current servicers
- Diploma or transcript
- Match Day letter or employment contract
- NPI number
Many applicants can complete the process in thirty minutes once documents are ready.
Key Takeaways
Splash Financial was built around the repayment needs of medical residents and physicians. The one dollar payment option during training is the biggest advantage, and the application process is straightforward once documentation is organized. Rates and terms are competitive with other private lenders, but borrowers should compare multiple options before refinancing. You can check student loan refinancing rates through LeverageRx to see how Splash compares in the current market.
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