Review of LendKey


  • Pre-qualify without a hard credit check.

  • Forbearance of 18 months for 15-year and 20-year loans.

  • Low loan rates.

  • Exceptional customer service.

What is LendKey?

LendKey was founded in 2009 as a lending service platform. The company simplifies the borrowing process by connecting borrowers with multiple banks and credit unions through a straightforward platform.

LendKey prides itself on offering a seamless online lending service.

LendKey values privacy and does not share personal information with third parties. With over 99,000 customers and counting, LendKey has serviced more than $2 billion in loans to date.

The main LendKey offerings are new and refinanced private student loans and home improvement loans.

Chosen 1,223 times
  • Low APRs From 2.99% variable
  • 0.25% AutoPay interest rate reduction
  • No Application Fee
  • No Early Repayment Penalty Fees

Products Offered

LendKey offers the following:

  • Private student loans
  • Student loan refinancing
  • Home improvement loans

Private Student Loans

With private student loans from LendKey, you may be able to borrow up to 100% of your school-certified cost of attendance. You don’t need a cosigner although you may get better rates when adding a cosigner to your loan.

Refinancing Student Loans

Refinancing student loans from LendKey offers rates as low as 1.90% variable APR with AutoPay. Loan rates are available from five to 20 years.

Home Improvement Loans

How LendKey Works

LendKey partners with hundreds of banks and non-profit credit unions to help borrowers achieve their dreams. Loans are funded by these partners and this helps to keep interest rates lower.

Loan Requirements

When applying for a LendKey student loan, borrowers need to provide information on the school they are attending, the loan amount required, the academic period they are applying for, and their Social Security number.

To qualify for student loan refinancing, you need to be a U.S. citizen or permanent resident and already graduated with an associate degree or higher from an eligible institution. You may also need to provide your credit history and income.

Rates & Fees

Your credit score determines your APR; therefore, if you are young and do not have a great credit score yet, you may pay a higher interest rate. They do offer a consigning option, which will reduce your interest rate.

These student loans are credit-based so your APR will be determined by your credit history. Please note that some lenders may charge late fees.

Payment Terms

  • No academic or military deferment.
  • Payments can be postponed on 5, 7- and 10-year loans for up to four months at a time but no longer than 12 months in total. For 15- and 20-year loans, payments can be postponed for up to six months at a time, but no longer than 18 months in total.
  • Co-signers can be released after 12 months providing all payments have been made on time.
  • Loan agreements do not guarantee death or disability discharge.

Our LendKey Review


  • Applicants need a credit history and a steady income or a cosigner to be considered for approval.

  • Loan acceptance can take up to 30 days.


LendKey is a trusted online lending platform. They have over 99,000 customers and hundreds of bank and credit union partners.

With low rates and a smooth, straightforward process, LendKey has built a strong, trustworthy reputation. LendKey focuses on private student loans and home improvement loans.


The LendKey website is streamlined. They have created a simple process that connects borrowers to hundreds of community banks and credit unions. Because of their automated online lending system, they can offer lower loan rates.

LendKey offers a simple application process through its website. Once accepted, you can access your LendKey account information through the online login.

Customer Service

Although they are an online company LendKey offers customer service support calls between 9 am – 8 pm EST Monday to Friday. They are also contactable through email at

Does Recommend LendKey?

Yes. LendKey is a proven, trusted lending service that connects borrows with banks and credit unions.

If you have exhausted all of your college funds, scholarship options, and federal student aid, then LendKey is an optimal lending platform to consider.

Read more LendKey reviews below or add your own.

LendKey FAQs

How much can I borrow?

You can borrow up to 100% of your attendance cost. This may include textbooks, room and board, tuition, and other related expenses.

Do I need a cosigner?

Not necessarily. However, it may improve your chances of getting approved. Private student loans are credit-based so if you have poor credit or no credit history at all, you can apply with a cosigner to meet the loan requirements. Applying with a cosigner may also help you qualify for better loan terms. 

When should I apply?

It is recommended that you apply for a student loan at least one month before your fees are due. It generally takes less than 30 days for a loan teo be approved but in some cases it can take a few weeks.

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    Reviews of LendKey

    LendKey is rated 53 out of 282 companies in total rating and got an average review score of 4.6 based on 8 reviews. Their weakness is Interest & Costs and their strength is Support & Service.
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    kyle walker 1 review | April 29, 2021
    General Review
    the facilities are great for everyone
    make it cheaper please
    Post reply
    logan jackman 1 review | April 21, 2021
    General Review
    easy to use software
    should be free
    Post reply
    Belinda Rowden 1 review | April 17, 2021
    General Review
    Post reply
    Catalin Mina 1 review | April 8, 2021
    General Review
    Great and competitive APRs
    it might take some time to find out if your application was successful
    Post reply
    Joya Madore 1 review | December 28, 2019
    General Review
    This company seems the best fit to my situation.
    I wish they had personal loans.
    Post reply
    Mohamed Emam 2 reviews | December 26, 2019
    General Review
    Nice website for students
    Post reply
    Miranda Somerset 1 review | December 21, 2019
    General Review
    Amazing for student loans
    Post reply
    Austin W. 1 review | August 3, 2017
    General Review
    Excellent option for people looking to refinance their student loans! Recommended!
    Post reply

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