LendKey Student Loan Refinance Review

Rating: 9.6 / 10 (Excellent)
Disclosure: We receive advertising revenue from this partner. 
Learn more.
Established in 2009, LendKey is an online student loan marketplace that connects consumers to over 13,000 community and non-profit lenders. The company offers a simple application process where customers can obtain and compare student loan refinancing offers. LendKey is headquartered in New York City.

LendKey is an online student loan platform that connects consumers to over 300 community and non profit lenders. The company offers a seamless application process where customers can compare, learn, and obtain the best possible student loan refinancing.  In 2016, LendKey announced they had over $1 billion in loans funded to over 60,000 borrowers.

LendKey empowers consumers to pick the loan that is right for them by filling out a common loan application and showing real, qualified rates from multiple lenders at one time. Everything is done online, takes a few minutes, and if you have any questions, LendKey’s customer service team will be there to help from your application until your last payment.

Loan Limits

While there are over 300 lenders on the LendKey platform to choose from, each with their own loans and loan limits, these are the general loan limits for student loan refinancing. LendKey can refinance 

  • Undergraduate Degree - Up to $125,000

  • Graduate Degree - Up to $300,000

Loan Terms

  • 5, 7, 10, 15, and 20 years
  • Each term has a fixed rate and variable rate option.


Student Loan Refinance: 2.56% APR - 8.12% APR

  • Student Loan Refinance Variable Rates: 2.56% - 7.74%
  • Student Loan Refinance Fixed Rates: 3.15% - 8.12%

Save with auto payments

Yes. Save 0.25% in rates with automatic loan payments.

Unemployment protection

LendKey has the largest unemployment protection period in the market at 18 months. This can be used to pause loan payments for periods of up to 6 months at a time over the life of the loan.

Interest only payments

If you need the lowest monthly payments possible, you can make interest only payments for up to 4 years before resuming standard payment of interest plus principal (available for 15 year loans).

Co-signer release

Applying for a student loan can often be assisted by having a co-signer. LendKey releases a co-signer from the loan after 12 months of on-time principal and interest payments, not the standard 24 months.  Removal of a co-signer will never increase your rate.

Loan Related Fees

LendKey does not charge any origination fees or prepayment penalties. This may not amount to much in terms of the total amount of payments in the life of your loan but it does add up if combined with other discount offers.

Student Loans at LendKey

LendKey offers some of the most competitive rates when it comes to student loan refinancing. This is no surprise since its network is mostly made of non-profit credit unions. They do provide unique advantages such as zero fees and discount programs to help lower the costs of your student debt. Being able to see actual rate offers from over 300 lenders without impacting your credit score can be a great time saver and helpful tool to make sure you get the best rate possible.

Leave a comment for LendKey Student Loan Refinance
Minimum 12 words.
 No maximum length.
* What's Your Rating?
To make this comment as helpful as possible for our community, please provide at least 2 sentences.

Customer Comments & Reviews

Loading Reviews ...
Drew H
Kirkland, Washington
Great rates! Good website. Easy to understand and navigate. Fast and helpful customer service too.

Top Rated
Our Partner
9.6 / 10
  • Get pre-approved quotes from credit unions and small banks
  • Rates start at 2.68% APR (variable) and 3.15% APR (fixed)
  • Reduce interest rate by 0.25% by signing up for automatic payments
  • No fees or prepayment penalties
  • BBB-accredited and rated A+