LendKey Home Improvement Loans
LendKey Home Improvement Loans
in Personal Loans from LendKey

LendKey Home Improvement Loans

in Personal Loans from LendKey
SuperMoney Net Recommendation Score +33  


This product is mostly recommended by SuperMoney users with a score of +33, equating to 3.7 on a 5 point rating scale.


Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Mostly recommended

4 users recommend
0 users are unsure
2 users don't recommend
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Community Rating Mostly recommended
APR  (Variable APR) 4.05% - 10.56%
Loan Amount $5,000 - $50,000
Loan Term (Months) 6 - 180 months
Number of Reviews 6

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 is 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. In some cases, you can 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
  • Low APRs available to qualified borrowers.
  • $0 prepayment fee.
  • Loan options with $0 origination fee.
  • Considers applicants with fair credit.
  • Cosigners accepted.
  • Do not offer pre-approval with soft credit pull.
  • Charges a late fee of $15

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?

Business 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.

LendKey Interest Rates & Loan Terms
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.

LendKey Fees
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 are, of course, eligible for the services offered by LendKey Home Improvement Loans. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

  • Recent pay stubs
  • Driver's license
LendKey Eligibility Criteria
Minimum Age 18
Bank Account Required? No
Application Types Accepted
  • Cosigners
  • 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 14 years. Based on their "mostly recommended" SuperMoney community rating, they seem to be a reputable company.

    SuperMoney Disclosure: 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.


    Other Services by LendKey


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

    Feature Breakdown

    Late Fee Amount $15
    No Origination Fee
    No Prepayment Fee
    Employment Statuses Considered
    • Other
    • Employed Full-Time
    • Employed Part-Time
    • Self-Employed
    • Retired
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    Joint Loan Applications Accepted
    • Cosigner
    Military Status
    • Active Duty Military
    • Non-Military
    • Veterans
    • Military Dependent
    Minimum Age 18
    Minimum Annual Income $50,000
    Supported Income Types
    • Direct Deposit (W2, SSA, SSDI)
    • Payroll Check or Prepaid Card
    • 1099 Misc. Income
    Verification Documents Required
    • Driver License (or other photo ID)
    • Recent Pay Stubs
    Credit Score Range 660 - 850
    Approval Speed 0 hours
    Credit Bureau Reporting
    • Experian
    • Equifax
    • TransUnion
    Funding Time Range 1 - 7 days
    Payment Options
    • Automatic Payments
    • Check by mail
    APR Type Variable APR
    Loan Amount $5,000 - $50,000
    APR (Variable APR) 4.05% - 10.56%
    Loan Term 6 - 180 months

    LendKey Home Improvement Loans Community Reviews


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    This product is mostly recommended by SuperMoney users with a score of +33, equating to 3.7 on a 5 point rating scale.


    Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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