LendKey Student Loan Review
LendKey is a unique platform based in New York City that has served over 40,000 borrowers with over $2 billion in approved loans across all 50 states. While not a direct lender, LendKey compares offers from more than 300 community banks and credit unions to find you the best one. By financing or refinancing your student loan with a community bank or credit union, you also may get access to checking and savings accounts, as well as auto, personal and home loans.
LendKey Student Loan Overview
|Variable Rate:||3.28% - 7.24%|
|Minimum Loan Amount:||$5,000|
|Maximum Loan Amount:||None|
|Minimum Loan Term:||5 years|
|Maximum Loan Term:||20 years|
*Fixed and variable rates are based on APRs and include an ACH AutoPay interest rate reduction of 0.25%.
|Citizenship/Residency:||U.S. citizen or permanent resident (including your co-signer, if any)|
|Eligible Schools:||You are or will be a student at an eligible MBA program|
- Lemonade Tip: Unlike other lenders, LendKey funds loans through its network of over 300 credit unions and community banks. This is a good option if you want to avoid the large, traditional “Big Banks.”
- Lemonade Tip: LendKey offers one of the longest unemployment protection periods of all student loan finance companies. LendKey enables you to pause payments for up to 18 months if you become unemployed.
- Lemonade Tip: If you repay 10% of your loan by the time your loan enters the full repayment period, 1.0% APR is dropped from your current interest rate!
Applying is super easy – get your new rate within 2 minutes
*Checking your rate will not affect your credit score.
The Best College Student Loans In 2017
Want to save money on your college loans? These lenders represent our top undergraduate student loan picks for 2017, and may be able to help you save thousands of dollars on your college student loans by offering lower interest rates and lower monthly payments. That’s real money back in your pocket.
Learn your new student loan interest rate in a matter of minutes.
College Student Loans – Best of the Best
Make Lemonade is not a lender, broker or investment adviser. We are a free, independent and unbiased website to help empower you to make more informed financial decisions. The rates and terms contained herein are estimates, net of autopay (if applicable) and may change at any time and/or differ from your final rate and terms. For disclosures from SoFi, please click here. For more information, please see our Advertiser Disclosure.