LendKey is a marketplace lender based in New York, NY. It was founded in 2008 and offers access to personal loans in 45 states (and Washington, DC).
LendKey offers personal loans with APRs starting at 6.74% and up to 12.49%.
No, LendKey does not charge a loan origination fee.
A loan origination fee is what some lenders charge for processing, underwriting, and funding a loan. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.
Yes, LendKey may charge borrowers a late payment fee of up to $15.
No, LendKey does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.
Loan amounts start at $5,000 and go up to $50,000.
LendKey offers personal loans with a maximum term of 180 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
Applicants with a credit score of at least 660 can apply for a loan via LendKey. The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.
Active duty servicemembers and their covered dependents are eligible to apply for a loan via LendKey. Their rates fall within the limits of The Military Lending Act.
Only U.S. citizens and permanent residents can apply for a loan.
To qualify, applicants may need to provide the following documentation:
LendKey will typically provide a credit approval decision in less than an hour and fund the loan within 1 and 7 days.
LendKey reports credit data to the following credit reporting agencies:
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