Features

Where does LendKey do business?

LendKey is a marketplace lender based in New York, NY. The company was founded in 2007 and offers personal loans to borrowers in Washington, DC and 45 states.

What are LendKey’s rates?

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. They can cost anything from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.

Does LendKey charge prepayment penalties?

No, LendKey does not charge prepayment penalties. 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 $5000 and go up to $50000

What is the maximum loan term for a LendKey personal loan?

LendKey offers personal loans with terms of up to 180 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments affordable. However, the longer the term of your loan, the more interest you will pay.

What is LendKey’s eligibility criteria?

LendKey only considers applicants who have a credit score of at least 660 to apply.

Active duty servicemembers and covered dependents can also apply for a LendKey loan. High interest loans are not available to members of the armed forces because the The Military Lending Act prohibits lenders from charging them more than a 36% APR.

Only U.S. citizens and permanent residents can apply for a loan.

To qualify, applicants must provide the following documentation:

- Driver license

- Recent pay stubs

You must have a job to qualify for a loan. 

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

LendKey will typically provide a credit approval decision in less than hour and fund the loan within 1 to 7 days. 

  • Loan Amount
    $5000 - $50000
  • Payment Options
    • Automatic Payments
    • Check by mail
  • APR
    6.74% - 12.49%
  • Max Loan Term (Months)
    180
  • Credit Score Range
    660 - 850
  • Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
  • 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
  • Institution Type
    Marketplace Lender
  • Joint Loans Available
  • Funding Time
    1-7 days
  • Credit Bureau Reporting
    • Equifax
    • Experian
    • TransUnion
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