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Founded in 2009, LendKey focuses on connecting millions of online borrowers with its private student loans and , auto loans, home improvement loans, and cuGreenLoans. The minimum offered is $5,000, with a maximum amount of $125,000 for undergraduate students and $175,000 for graduate students. network of 300 unions and community banks. The company is cloud-based and offers and
With an easy online application process and competitive rates, borrowers can easily consolidate or student loans quickly. . Additional resources, including educational guides and calculators, help borrowers understand and be in the best position to save more money and pay off their
Continue reading for more information and verified .
Visitors to the LendKey website can see in minutes how much money they can save by a .
The rates that can be customized to their own , location, and . As an added convenience, can pick a and . process is easy, can be completed quickly, and is entirely online. By filling out a few questions and agreeing to a soft inquiry, which will not affect their , the can instantly see
There are no application, origination, or fees.
LendKey offers both fixed and variable interest rates.
For , LendKey offers rates as lows as 1.99% variable APR and 2.99% fixed APR with AutoPay. The a will receive is based on a history review. If a has good , this can help in getting lower rates.
interest rates are lower than average in the industry. have the ability to customize their term and . Because LendKey does not go through big banks, but smaller unions, it can be more flexible with its interest rates and plans. In fact, its
For unemployed students, borrowers have the option to make interest-only payments. Additionally, lenders have been known to consider academic credentials to give better rates. People who set up automatic payments can save .25 percent on their . Those who hit their period and pay off 10 percent of their are reduced 1 percent off their (which is tax deductible).
LendKey conveniently offers a 30-day, no-tax or interest return, if customers are not satisfied.
Subject to approval, a option is available. To qualify for this release, the , alone, must meet specific criteria:
LendKey focuses on customer service. Every time we called, they answered. LendKey representatives are with you from start to finish throughout the process. The customer service team is dedicated to helping get through the process in a painless way, all while avoiding fees.
All key information regarding through LendKey. can be found on the LendKey website, but it can require some effort to find. terms and rates are displayed well, but amounts and information is more difficult to find. This requires website visitors to spend more time sifting through FAQ sections, than being able to see upfront what is required for
The minimum LendKey takes is around 650, and a strong history is required. This alone has the potential to eliminate interested clients, especially since are most likely going to be young college students.
To qualify for a or through LendKey, the must be a U.S. citizen, currently living in the U.S., or a permanent resident.
Additionally, to qualify for , the must have already graduated from one the lenders' eligible institutions with at least an associate's degree, as well as demonstrating good history.
For borrowers looking to their , for either a or , LendKey provides competitive services and APR rates through its network of lenders. With a quick and easy online application, no fees, and flexible terms of 5 - 20 years, there are a lot of convenient ways to and lower payments with LendKey.
It is important to note that a minimum of 680 or higher is required to be eligible for , which can be a significant barrier of entry for many college graduates who may not have established a strong history. Having a with good can increase a 's chances of approval, as well as increase the likelihood of receiving a on their refinanced , but it is not always easier to have a . LendKey does allow cosigners to be released from a , if the is meeting all requirements.
Although it can be difficult to find important details upfront on the website, LendKey is known for its responsive and efficient customer service, ensuring that the process is as simple as possible.
Overall, the pros outweigh the cons with LendKey, and it is a solid option to look into when thinking about .
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