Where does LendKey do business?

LendKey is a student loans lender based in New York, NY. It was founded in 2008 and offers student loans in 45 states (and Washington, DC).

What rates does LendKey offer for in-school private student loan?

LendKey offers variable rate APRs that range from 4.33% to 9.39%.
LendKey offers fixed rate APRs that range from 5.36% to 9.69% APR.

What is the minimum loan amount?

LendKey has a minimum loan amount of $7,500.

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 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.

What terms does LendKey offer?

LendKey provides loans of 5 to 20 years.

Borrowers can add a cosigner to the loan to either meet eligibility requirements or qualify for lower interest rates.

LendKey offers borrowers unemployment protection. This means that if you lose your job -- or you have just finished school -- your loan payments are placed on a temporary hold.

What type of borrowers will LendKey consider?

LendKey considers loans applications from:

  • undergraduate students
  • graduate students

How does LendKey describe itself?

LendKey offers 2-Minute rate check with no impact on your credit score; 275+ not-for-profit and community lenders to choose from mean higher chances for approval and lower rates. * Available for private and federal, undergraduate and grad school student loans, Interest only repayment option available for up to first four years of repayment, Largest unemployment protection period in the market at 18 months, No origination fees or prepayment penalties, Cosigner release available after 12 monthly payments, No handoffs ever, you stay with LendKey from application to final payment, 97% borrower satisfaction shows our best in class customer service.


  • Loan Term (Years)
    5 - 20
  • Min Loan
  • Cosigner Optional
  • Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
  • Undergraduate Students
  • Graduate Students
  • Grace Period / Deferred Interest
  • No Origination Fee
  • No Prepayment Fee
  • Student Loan Type
  • Funding Time Range (in days)
    1 - 7
  • Good Student Rewards
  • Unemployment Protection
  • Up to Cost of Attendance
  • Variable APR
    4.33% - 9.39%
  • Fixed APR
    5.36% - 9.69%
"The APR for variable rate loans may increase after loan consummation. Additionally, the APR displayed may include a 0.25% reduction for enrolling in automatic monthly payments from a personal checking or savings account to pay principal and interest amounts that are due. This rate reduction will be removed and the rate will be increased by 0.25% upon any cancellation or failed collection attempt of the automatic payment and will be suspended during any period of forbearance. As a result, any increase will take the form of higher payments."
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