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LendKey

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in Personal Loans

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Overview

Where does LendKey do business?

LendKey is a marketplace lender based in New York, NY. Founded in 2008, LendKey offers access to personal loans in 45 states (and Washington, DC).

What are the APRs offered via LendKey?

LendKey has a variable APR that ranges from 6.74% up to 12.49%.

Does LendKey charge an origination fee?

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. 

Does LendKey charge a late fee?

Yes, LendKey may charge borrowers a late payment fee of up to $15

Does LendKey charge prepayment fees?

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.

How much can you borrow via LendKey?

Loan amounts start at $5,000 and go up to $50,000.

What is the maximum loan term you can get with LendKey?

LendKey offers personal loans with terms ranging from 6 to 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.

What do you need to qualify for a loan with LendKey?

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.

To qualify for a LendKey loan, applicants need a minimum annual income of $50,000 or higher. LendKey only considers borrowers who are employed and have an annual income of $50,000 or 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:

  • Driver's license
  • Recent pay stubs

What is the estimated funding time for a personal loan via LendKey?

LendKey will typically provide a credit approval decision in less than an hour and fund the loan within 7 days.

Does LendKey report loan payments to credit bureaus?

LendKey may report credit data to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

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Contact

  • Headquarters
  • 104 West 27th Street, 4th Floor
    New York, NY 10001 USA
  • Visit Site

Other Services by LendKey

Availability

Available in 45 States and Washington, DC
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • Wisconsin
  • Wyoming

Feature Breakdown

No Origination Fee
No Prepayment Fee
Late Fee Amount
$15
Minimum Age
18
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Supported Income Types
  • 1099 Misc. Income
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
Joint Loan Applications Accepted
  • Co-signer
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Credit Score Range
660 - 850
850 300 660
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Minimum Annual Income
$50,000
Verification Documents Required
  • Recent Pay Stubs
  • Driver License (or other photo ID)
Loan Term (Months)
6 - 180
1 180
Loan Amount
$5K - $50K
$100 $100K+
APR
6.74% - 12.49%
4% 100%+

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