
LendKey Home Improvement Loans
Explore a similar product
Try this top product in Personal Loans.
Community Rating | Strongly recommended |
APR (Variable APR) | 4.05% - 10.56% |
Loan Amount | $5,000 - $50,000 |
Loan Term (Months) | 6 - 180 months |
Number of Reviews | 8 |
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 Home Improvement Loans 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 5% and 36%. The starting rates for LendKey Home Improvement Loans are on the lower end of the spectrum.
- Fast access to funds. If approved, you can sometimes get your money within 1 business day*.
- 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 applications accepted. Applying for LendKey Home Improvement Loans with a cosigner can improve your chances of approval and help you qualify for lower interest rates.
- 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.
- Minimum income of $50,000. You will need an annual income of at least $50,000 to apply for LendKey Home Improvement Loans, which is above average for the lenders in our database.
LendKey Pros & Cons
Pros | Cons |
---|---|
|
|
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, go with lenders that don’t charge origination fees.
Does LendKey charge a late fee?
Yes, LendKey may charge borrowers a late payment fee if you miss one of the monthly 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.To qualify for personal loans with LendKey Home Improvement Loans, applicants need a minimum annual income of $50,000 or higher. LendKey Home Improvement Loans only considers borrowers who are employed and meet the minimum income requirement. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.
The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via LendKey Home Improvement Loans. Their rates fall within the limits of The Military Lending Act.
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
Minimum Age | 18 |
Bank Account Required? | No |
Application Types Accepted |
|
Credit Score | 660 - 850 |
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 business days.
Does LendKey Home Improvement Loans report your account activity to credit bureaus?
Yes, LendKey Home Improvement Loans reports your account activity to the following credit reporting agencies:
- 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 improve your credit.
Is LendKey a legit company?
LendKey was founded in 2008, it is a well-established company that has been in business for 15 years. Based on their "mostly recommended" SuperMoney community rating, they seem to be a reputable company.
Contact
- Headquarters
-
104 West 27th Street, 4th Floor
New York, NY 10001 USA - (800) 583-1416
- Visit Site
- Email Support
Other Services by LendKey
Availability
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- 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
- Washington, DC
- Wisconsin
- Wyoming
Feature Breakdown
Late Fee Amount | $15 |
No Origination Fee | |
No Prepayment Fee |
LendKey Home Improvement Loans Community Reviews
Would you recommend LendKey Home Improvement Loans to your friends?
- Achieve Personal Loans
- Advance America Installment Loans
- Ascend Personal Loans
- Avío Credit Personal Loans
- Axos Bank Personal Loans
- Bridge City Bank Personal Loan
- Credit Direct
- First Horizon Bank Personal Installment Loans
- Great Plains Lending Installment Loans
- LightStream Personal Loans
- Marcus by Goldman Sachs Personal Loans
- Union Bank Personal Loan