January 4

Lendkey Personal Loans


Lendkey is a lending company based in New York. It assists borrowers to find private student loans, but has recently entered the home loan and home improvement loan market too. It is not a direct lender, but an intermediary between the lender and the borrower. Lendkey personal loans can be used to meet any of your financial requirements. It matches customers with credit unions in order to create low-cost borrowing options.

It is not possible to get such low interest rates when you borrow from banks or other traditional financial institutions. Lendkey not only gets you connected to a lender, but also ensures that you receive the lowest interest rates as compared to other lending means. The entire process is transparent, thus enabling you to make smart borrowing decisions.

Lendkey Personal Loans Interest Rate

The variable interest rates offered by Lendkey ranges anywhere between 4.04% and 8.48%, whereas fixed interest rates are between 4.99% and 9.07% APR. Borrowers can choose a tenure of five to 20 years. The company welcomes applications from graduate as well as undergraduate students. It helps you to narrow down your search as not all borrowers may be eligible for a loan.

Customers continue to manage their loan account through Lendkey platform after a loan has been executed. All your queries pertaining to your loan are answered by its loan officials. The company allows borrowers to have a co-signer in order to meet eligibility requirements and also have a lower interest rate.

Credit Score Requirement – Bad Credit

Lendkey has clearly stated certain requirements with regard to income and credit score in order to qualify for a loan. Borrower needs to have a minimum credit score of 660 along with an annual income of $24,000. If you feel that you are falling short of its minimum requirement, you can always get a co-signer along and see if you qualify.

A credit union’s first priority is to attend to the needs of the borrower. Also, they reinvest all profits back to the people and thus continue to offer low interest rates. Having said so, they would not want to make it a risky affair by offering loan to someone who is already in debt. This is why they set the minimum credit score so that you know whether to apply or not.

Lendkey Contact Details with Phone Number

Lendkey officials are friendly and encourage customers to call up or write to them with their queries. It has three different departments namely for new loans, existing loans and home improvement loans.

  • New Loans – New customers can call them on (888) 549-9050, Monday to Friday between 9.00 am and 8.00 pm EST or write to them at [email protected].
  • Existing Loans – Existing customers can call them on (888) 966-9268 or fax them at (800) 915-6912. Emails can be sent to [email protected].
  • Home Improvement Loans – Personal loans can also be used for home improvement for which you can call up (866) 840-3502 and (888) 966-8969.

In a Nutshell

If you look at companies like Lendkey not only will you save time but will also save on the money being spent on interest rates. Such companies do not have any origination fee nor does it charge a prepayment penalty. Instead of getting in touch with several borrowers and negotiating on the rates, Lendkey does all the ground work for you to be eligible for a loan. You will not be disappointed with it for sure.


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