LendKey Student Loans Review

Rating: 9.3 / 10 (Excellent)
Disclosure: We receive advertising revenue from this partner. 
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LendKey, founded in 2009, is an online lending services company that matches consumers with financial providers from their network of banks and credit unions. The company offers a seamless, innovative approach to lending by allowing customers to compare rates and lenders in a neutral, online environment. LendKey holds a Better Business Bureau rating of A+.

LendKey - Overview

Founded in 2007, LendKey is a cloud-based online platform that provides student loans, student loan refinancing, and home improvement loans. All loans through LendKey are from credit unions and community banks, and the company partners with over 13,000 institutions throughout the nation. Because LendKey works only with community lenders, they are able to offer more favorable terms and low interest rate student loans. LendKey essentially brings these small, local lenders online, enabling them to offer loans outside their area. What's more, these financial institutions generally channel their loans to where their depositors live and work, investing in a strong and vibrant community. LendKey brings student loan borrowers and lenders into one online community and provides borrowers with tools needed for making more informed decisions.

Student Loans Offered

LendKey financial services give borrowers access to private student loans, student loan refinance, and federal student loans with variable or fixed interest rates. Interest paid on loans may be tax deductible. For those with co-makers, some companies offer a co-signer release option for credit worthy borrowers.

  • Private Student Loans
  • Student Loan Refinance
  • Federal Student Loans

Maximum Loan Limit

Minimum Loan Amount

Depends on chosen lender

Maximum Loan Amount

Depends on chosen lender

Repayment Options

Each student loan company has its own unique rate and loan feature. Most of the student loan companies for example give borrowers the chance to reduce interest rates by 1% once they have entered the full repayment period and repaid 10% of the principal loan. Borrowers can also get rate reductions of .25% for automatic repayments.

Student Loan Rates

Rates depend on the community lender selected. APRs can be as low as 4.21% with Autopay. This is possible with the help of local credit unions included in its network of lenders.

Fixed Rate

Variable Rate

Private Student Loans: 4.21% APR - 9.69% APR

  • Private Student Loans Variable Rates: 4.33% - 9.39%
  • Private Student Loans Fixed Rates: 5.36% - 9.69%

Loan Terms

Once a borrower graduates or is no longer enrolled at least half-time, they have a 6-month grace period before they have to start making monthly principal and interest payments. During the grace period borrowers are only required to make good faith or interest only payments.


Eligibility for private student loans may vary according to a specific lender’s list of qualification and requirements. LendKey provides an online form which is used to determine which lending company best suits their situation. While LendKey reviews a client’s eligibility, student loan borrowers may receive multiple offers from different lenders. Information commonly required during application include:

  • Starting and ending date of academic period
  • Expected graduation date
  • Requested loan amount
  • Degree
  • School
  • Cumulative college GPA
  • Major
  • Class standing
  • Enrollment status

*Additional requirements may be asked to customers once they have chosen the lender they want to work with

Online Application

College Scholarship Search

Student Loan Calculator

Application Process Time

A few minutes

Loan Related Fees

Origination Fee

Loan Application Fee

Late Fee


Help & Support

Live Chat




Student Loans at LendKey Private Student Loans

LendKey offers student loan borrowers convenience and competitive rates from multiple lenders. This is possible because the platform works exclusively with local financial institutions like credit unions and community banks. Also, the company lets these different, already low rate lenders, compete for a client’s business. 

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Our Partner
9.3 / 10
  • Get Rates for as low as 4.21% APR with AutoPay
  • No origination fees or prepayment penalties
  • 1% interest rate reduction for full repayment period and repaid 10% of principal loan
  • Drop your interest by 0.25% for automatic payments
  • Tax deductible interest payments
  • Get a Private Student Loan in just 3 minutes
  • A+ BBB Accredited