LendKey Private Student Loans

in Private Student Loans from LendKey

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LendKey Private Student Loans


in Private Student Loans from LendKey

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Community Rating Mostly recommended
Fixed APR 5.36% - 9.07%
Variable APR 4.46% - 9.43%
Loan Amount $7,500 - $250,000
Number of Reviews 9

LendKey Private Student Loans Review

LendKey Private Student Loans is a private student loan offering by LendKey, a marketplace lender based in New York, NY. Founded in 2008, LendKey offers student loans in 45 states (and Washington, DC).

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

LendKey Private Student Loans has a variable APR that ranges from 4.46% up to 9.43%.

It offers a fixed APR that ranges from 5.36% up to 9.07%.

Many students have little or no credit history when they start college. By having a parent or other creditworthy individual cosign the loan, the student may improve their chance of approval or qualify for lower interest rates.

How much can you borrow from LendKey Private Student Loans?

Available loan amounts may vary by applicant but LendKey Private Student Loans has a minimum loan amount of $7.5K and offers loans up to $250K.

Does LendKey Private Student Loans charge an origination fee?

No, LendKey Private Student Loans 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 Private Student Loans charge prepayment fees?

No, LendKey Private Student Loans 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 Private Student Loans offer?

LendKey Private Student Loans provides repayment terms ranging from 5 to 20 years.

LendKey Private Student Loans 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 Private Student Loans consider?

LendKey Private Student Loans considers loans applications from:

  • undergraduate students
  • graduate students
  • parents of students
  • undergraduate degree holders
  • graduate degree holders
  • parents of graduates

What do you need to qualify for a loan with LendKey Private Student Loans?

Applicants with a credit score of at least 660 can apply for a loan via LendKey Private Student Loans. The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.

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

LendKey Private Student Loans only considers borrowers who are employed.

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

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

  • Proof of citizenship or residence permit
  • Proof of income
  • LENDKEY PRIVATE STUDENT LOANS Disclosure: "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."
    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...


    • Headquarters
    •   104 West 27th Street, 4th Floor
      New York, NY 10001
    •   Visit Site

    Message from LendKey

    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.

    Other Services by LendKey


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

    Feature Breakdown

    No Interest Grace Period for Late Payment 6
    No Origination Fee  
    No Prepayment Fee  
    Minimum Age 18
    Cosigner Optional  
    Credit Score Range 660 - 850
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Other
    • Retired
    • Self-Employed
    Verification Documents Required
    • Proof of Income
    • Proof of citizenship/residence (Green Card)
    Funding Time Range (in days) 1 - 7
    Unemployment Protection  
    Good Student Rewards  
    Payment Options
    • Automatic Payments
    Variable APR 4.46% - 9.43%
    Loan Amount $7.5K - $250K
    Loan Term 5 - 20 years
    Fixed APR 5.36% - 9.07%
    Up to Cost of Attendance  

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