Overview - LendKey
As a someone with no credit history and a stable income, finding a loan can be frustrating.
LendKey simplifies this process by connecting you with multiple lenders through one, simple platform. Lendkey works with various credit unions and community banks to help you refinance your student loans, or receive a home improvement loan.
Lendkey values privacy and does not share personal information with third parties.
Student Loans
Lendkey offers two options when it comes to student loans: Private Student Loans & Student Loan Refinancing. Both these options are through private lenders that are in partnership with Lendkey.
Private Student Loans
Lendkey allows users to be connected with private student loan lenders. These loans are not through the government and are often used to supplement additional expenses that federal student loans. Private student loans do not require FAFSA. The rates for private student loans are 2.47% variable APR or 3.49% fixed APR. There is no application fee when applying for them with Lendkey.
Refinance Student Loans
Lendkey’s second service is refinancing student loans. This option gives users the opportunity to receive one, low rate loan. Lendkey has rates of 2.47% variable APR or 3.49% fixed APR. Refinancing through Lendkey does not have origination fees and many lenders have flexible options, such as interest-only payments for the first few years.
Home Improvement Loans
Lendkey gives homeowners the option of receiving loans for home improvement. The loans offered through Lendkey work by connecting homeowners with a network of contractors. The money from these loans are disbursed directly to a contractor when a homeowner is approved. Therefore, Lendkey requires that homeowners work with a contractor for their home improvement loans.
These loans are fairly liberal when it comes to eligibility, as Lendkey states any service performed by a contractor on the home is eligible, excluding landscaping, above ground pool, and separate property structure. The loans do not require any home equity to be approved.
How It Works
Step 1: Click on the “Get Started” link above to be redirected to Lendkey
Step 2: Click on the apply link and select your loan type
Step 3: Fill out your information
Step 4: Get an instant decision based on your information
Step 5: Select the loan that fits your needs
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