What Are the Benefits of a LendKey Student Loan?
LendKey offers an unusual and extremely attractive benefit to save you money. After you’ve paid off 10% of your loan, you may qualify for a 1% reduction in your interest rate.
Plus, because LendKey works with financial institutions like credit unions, it can offer loans at some of the lowest interest rates around. Keep in mind that credit unions are non-profit lenders, whose purpose is to serve members rather than stockholders.
If you’re someone who believes in supporting small businesses, LendKey serves that mission. In addition to offering great deals to consumers, LendKey helps smaller financial institutions get in front of new customers through its online portal. Working with LendKey allows banks to keep operating costs low, so they can offer more competitive rates to consumers.
Start Your Private Student Loan Application
What Student Loans Does LendKey Offer?
LendKey offers undergraduate and graduate student loans.
When you apply, LendKey will match you with credit unions or other lenders based on certain characteristics, such as location or affiliation with certain groups.
||Annual Income Requirements
|Proof of School Enrollment
||Yes, 6 months
What Are the Eligibility Requirements for LendKey Students Loans?
Loans are considered with a household income of $15,000 or more.
Applicants must be citizens or permanent residents of the U.S., and students must be enrolled in school at least half-time in order to qualify.
Applicants must have good credit or apply with a qualified cosigner. As with all loans, borrowers with excellent credit are generally entitled to lower interest rates.
Most students apply for college loans with a cosigner. Cosigners may be released after 24 consecutive on-time payments.2