Last Updated: 04/18/2025
SuperMoney User Recommendation Score +56
Strongly recommended9 total votes
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Highlights
Community Rating
Strongly recommended
APR (Variable APR)
4.05% - 10.56%(Verified 06/21/2024)
Disclaimer popup with additional information
Amount Range
$5,000 - $50,000
Loan Term (Months)
6 - 180
Number of Reviews
LendKey Home Improvement Loans Review
LendKey Home Improvement Loans is offered by LendKey, a marketplace lending platform founded in 2008 and based in New York, NY. LendKey are available in 45 states and Washington, DC.
Key Takeaways
- Uses a variable APR. This is uncommon for personal loans. If interest rates rise in the future it could make the monthly payments more challenging. Personal loan interest rates typically range between 9% and 36%. The starting rates for LendKey Home Improvement Loans are on the lower end of the spectrum.
- Fast access to funds. If approved, LendKey will send the money in as little as 24 hours.
- Large loan amounts. You can apply for loan amounts of up to $50,000 with LendKey Home Improvement Loans .
- No origination fee. LendKey Home Improvement Loans does not charge a loan origination fee.
- Cosigner required. Applicants must have a cosigner to complete an application.
- Short loan terms. LendKey Home Improvement Loans have loan terms as short as 6 months.
- Super long loan terms. LendKey Home Improvement Loans offers loan terms of up to 180 months. Most personal loans have a maximum term of 60 months.
LendKey Pros & Cons
| Pros | Cons |
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LendKey FAQ
What interest rates and personal loan terms does LendKey offer?
LendKey has lower than average interest rates for lenders reviewed on SuperMoney.
What interest rates does LendKey offer?
LendKey offers a variable APR personal loan product that ranges from 4.05% APR up to 10.56% APR.
How much can you borrow via LendKey?
Personal 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 loans with terms of up to 180 months.
| Personal Loan Amount | $5000 - $50000 |
| Loan Term | 6 - 180 months |
| APR | 4.05% - 10.56% |
What fees does LendKey charge?
Does LendKey charge an origination fee?
LendKey does not charge a personal loan origination fee.
A personal loan origination fee is what some lenders charge for processing, underwriting, and funding a personal loan. Typically origination fees range from 0.5% to 5% of the personal loan amount. Whenever possible, consider lenders that don’t charge origination fees.
Does LendKey charge a late fee?
Yes, LendKey may charge a late payment fee if you miss one of the regularly scheduled payments 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 personal loan off early.
| Origination Fee | No |
| Prepayment Fee | No |
| Late Payment Fee | $15 |
What do you need to qualify for LendKey Home Improvement Loans?
Applicants with a credit score of at least 660 and up to 850 may be eligible for LendKey Home Improvement Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher. LendKey Home Improvement Loans does not have or does not disclose a minimum annual income eligibility requirement. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by LendKey Home Improvement Loans.
To qualify, applicants may need to provide the following documentation:
- Recent pay stubs
- Driver's license or other government photo ID
| Minimum Age | 18 |
| Bank Account Required? | No |
| Application Types Accepted |
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| Credit Score | 660 - 850 |
What is the estimated funding time for a personal loan via LendKey?
LendKey will typically fund loans within 1 to 7 business days of approval and clearing necessary verifications.
Does LendKey Home Improvement Loans report your account activity to credit bureaus?
Yes, LendKey Home Improvement Loans reports to the following credit bureaus:
- Equifax
- Experian
- TransUnion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.
Does LendKey perform a hard credit pull?
Yes, LendKey performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
Are LendKey Home Improvement Loans legit?
LendKey was founded in 2008, it is a well-established company that has been in business for 18 years. Based on their "strongly recommended" SuperMoney community rating, they appear to be a very reputable company.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
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Learn MoreSuperMoney Net Recommendation Score
SuperMoney users strongly recommend this product, giving it a user recommendation score of +56, or 4.1 on a 5-point rating scale.
+56
-1000+100
No one recommends
Everyone recommends
LendKey Home Improvement Loans Community Reviews
Would you recommend LendKey Home Improvement Loans to your friends?
ML
Maria Lyneth C.
Nov 1, 2023
May or may not recommend
I have not tried applying a loan with them but so far they have the lowest interest among all of them. Hopefully i can be approved.
CO
Chizobam O.
Dec 5, 2022
May or may not recommend
LendKey doesn't provide you with loans instead it connects you with different lenders, when it comes to credit checks a soft one is given that only changes when you apply for a loan. Cosigners are allowed the only hardship is the paperwork requirement but there are representatives to help you with such issues.
MC
Mazhar C.
Nov 25, 2022
May or may not recommend
We had a leak in our roof that we needed to have fixed immediately. We didn't have enough money put back at the time to have it done ourselves, so we applied through Lendkey Home. It was a simple process and was approved. Our roof is fixed and a problem we don't have to worry about anymore.
TH
Tamela H.
Sep 28, 2022
May or may not recommend
We had a leak in our roof that we needed to have fixed immediately. We didn't have enough money put back at the time to have it done ourselves, so we applied through Lendkey Home. It was a simple process and was approved. Our roof is fixed and a problem we don't have to worry about anymore.
SZ
Shelby Z.
Sep 13, 2022
May or may not recommend
It was a hard inquiry on my credit report. Wasn't approved
FM
Fathima M.
Aug 27, 2022
May or may not recommend
They have a hard credit check,so my credit score decreased and I didn’t get approved too.
MT
Megan T.
Aug 5, 2022
May or may not recommend
I've had a good experience with Lendkey. My parents were able to get a home improvement loan easily despite their credit history. It was a smaller loan but overall we got what we needed to complete a bathroom renovation that was desperately needed
RF
Robelys F.
May 23, 2022
May or may not recommend
It is not good I don’t recommend but this is something else this service stays with you until your satisfied
U
Anonymous
Apr 4, 2019
May or may not recommend
If it helpful I will recommend the site to my friends
Showing 9 of 9 reviews
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