Features

Where does LendKey do business?

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).

What range of rates does LendKey offer?

LendKey offers personal loans with APRs starting at 6.74% and 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 from 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.

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 1 and 7 days.

Does LendKey report loan payments to credit bureaus?

LendKey reports credit data to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

  • Institution Type
    Marketplace Lending Platform
  • Credit Score Range
    660 - 850
  • Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Other
    • Retired
    • Self-Employed
  • Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
  • Joint Loan Applications Accepted
    Co-signer
  • Military Status
    • Active Duty Military
    • Military Dependent
    • Non-Military
    • Veterans
  • Minimum Age
    18
  • Minimum Annual Income
    $50000
  • Supported Income Types
    • 1099 Misc. Income
    • Direct Deposit (W2, SSA, SSDI)
    • Payroll Check or Prepaid Card
  • Verification Documents Required?
    • Recent Pay Stubs
    • Driver License (or other photo ID)
  • Late Fee Amount
    $15
  • No Origination Fee
  • No Prepayment Fee
  • Credit Bureau Reporting
    • Equifax
    • Experian
    • TransUnion
  • Funding Time Range (in days)
    1 - 7
  • Joint Loans Available
  • Payment Options
    • Automatic Payments
    • Check by mail
  • Loan Amount
    $5000 - $50000
  • Loan Term (Months)
    6 - 180
  • APR
    6.74% - 12.49%
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