LendKey connects over 300 community banks and credit unions to students and graduates through a seamless online application and educational resources. Students can learn, compare, and obtain the best loan based on their needs.
Why get a student loan from LendKey?
LendKey has some appealing rates and offers a pretty large 18-month option for forbearance.
What student loans does LendKey offer?
You can take out a private student loan, or you can refinance your current one. It offers a marketplace that connects borrowers with private and refinanced student loans from credit unions and community banks.
Private student loans
One great option with private student loans with this lender is the ability to forbear your loan for up to 18 months, allowing you to suspend or lower your payments. This isn’t available to those still in school or the military, however.
More about rates and fees of LendKey’s loan options (December 2020)
When refinancing or taking out a private loan, there are often costs involved. Below are the rates and fees for each type of loan.
| Fixed rates from: | 3.99% |
| Variable rates from: | 1.51% |
| Application fee: | None |
| Origination fee: | None |
| Disbursement fee: | None |
| Late fee: | 5% of the unpaid installment amount after payment is 15 days late |
| Returned payment fee: | N/A |
| Prepayment penalty: | None |
