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).
LendKey offers variable rate APRs that range from 4.04% to 8.48%.
LendKey offers fixed rate APRs that range from 4.99% to 9.07% APR.
LendKey requires borrowers to have a balance of at least $7500 to process an in-school private student loan application.
No, LendKey does not charge a loan origination fee.
A loan origination fee is what some student loan providers charge for underwriting, processing, or funding a loan. Lenders can charge borrowers 0.5% to 5% of the loan amount. In most cases, it is best to choose a lender that does not charge an origination fee, such as LendKey.
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.
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.
LendKey considers loans applications from:
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.