We strive to ensure our content is clear and honest. Our content is free because we may earn a commission when you click or make a purchase using our site. It doesn't charge application or origination fees and offers rate discounts when customers sign up for automatic payments, providing customers with additional ways to save. Other requirements may apply depending on the particular lender, such as opening an account with the credit union. Unlike other companies we've gotten loans through, LendKey refuses to use his current salary (as evidenced in his two most recent paystubs and his original offer letter) and instead insists on assuming his income is the same as his 2018 reported income, which is significantly lower because he spent the first 2 months of the year at a much lower paying job. Other discounts may be available, depending on the lender you’re partnered with. LendKey has an A+ rating on the BBB page. They also have 5 customer reviews with an average of 1/5 stars. Particularly to students. It depends on where you go to school and reside. LendKey’s been accredited by the BBB since 2012 and has an A+ rating. Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve. 104 West 27th Street, 4th Floor, New York, NY, 10001, Leave a comment for LendKey Student Loans. Type of Entity: Corporation Loans in New York, NY. At Finder, we value and respect our editorial independence. Other companies like LendKey and Citizens Bank are lower in their rates. There are a few perks of taking out a student loan through one of LendKey’s partner lenders, including: Consider these potential drawbacks before taking out a student loan through one of LendKey’s partners: LendKey gets mostly positive reviews from customers as of September 2019. Freaking finally. The LendKey Difference: LendKey brings over 300 community and not-for-profit lenders to consumers through a seamless online application whe Find Offers Network Reviews finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. Before that step I was asked for a copy of my annual tax returns. Metro Office Park 7 calle 1 Suite 204, Guaynabo, PR 00968, Student Loans 101: The Fundamentals of Student Loans, What to Do if You Can't Repay Your Student Loans, APRs for as low as 1.25% (variable) and 4.25% (fixed) with AutoPay, Reduce your rate by 0.25% when you sign up for AutoPay, Get a private student loan in just 3 minutes, COVID-19 forbearance of up to 18 months available (varies by lender). Representatives are available weekdays from 9 a.m. to 8 p.m. Partners may influence their position on our website, including the order in which they appear on a Top 10 list. This was an amazingly easy process This was an amazingly easy process. Accredited Since: 9/24/2012. If you are unsure, you should get independent advice before you apply for any product or commit to any plan. Please tick the box if you wish to continue with newsletter subscription. Reviews (BBB): A; Our Rating: 3 (out of 5) LendKey partners with many banks and credit unions to provide lower-interest rate loans to their customers. LendKey has been BBB accredited since 2012. For example, when company ranking is subjective (meaning two companies are very close) our advertising partners may be ranked higher. 2 reviews. The company has only three customer reviews, all of which are negative. Took a pay cut to get out of the hospitality industry and protect my mental health. We may also receive payment if you click on certain links posted on our site. Optional, only if you want us to follow up with you. Here is an insightful guide on all you need to know about the best private student loans of 2020. If they'd told me up front that that's how they were going to calculate his income, I wouldn't have wasted the time and the hard pull. If you don't click the links on our site or use the phone numbers listed on our site we will not be compensated. LendKey enables lenders like banks and credit unions to offer low-rate loans online. Read our guide to student loans to compare your options. Our brand, ConsumersAdvocate.org, stands for accuracy and helpful information. Straightforward student loans for undergraduate and graduate students. Follow the directions to answer questions about yourself and your school. The following companies are our partners in Student Loans: LendingTree, Credible, Discover, Sallie Mae, SimpleTuition, LendKey, College Ave, CommonBond, Ascent, PrivateStudentLoans.com, Earnest, SoFi, Custom Choice, and Union Federal. Steady source of income or creditworthy cosigner, If you’ve previously used LendKey to pay for school, select, Select your state of residence and enter the name of the school you’re attending. What APRs does Earnest Student Loan Refinancing offer on its student refinancing loans? reviews. Will I need to complete the FAFSA to get connected with a LendKey partner? You are about to post a question on finder.com: Subscribe to the Finder newsletter for the latest money tips and tricks. Many or all of the companies featured here provide compensation to us. New boss is both fake and crazy. Whole process took literally a few minutes. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. While its six reviews on the Better Business (BBB) website are negative, it scores a 4.5 out of 5 on Trustpilot, based on over 130 reviews. To make this comment as helpful as possible for our community, please provide at least 2 sentences. The company allows customers to compare rates and lenders in a neutral online environment. LendKey has an “A+” BBB rating. However, that would be the case no matter where you applied for a student loan refinance. The only cause for concern is the hard credit inquiry that will occur if you choose a lender and go through the application process with them. Funding your education using student loans can be pretty useful. 32 East 31st Street, 4th Floor, However, interest continues to accrue during this time. ET. While you can choose between fixed or variable interest rates, its partners only offer loan terms of 5 years to 15 years. She lives in the woods and likes to find new bug friends in between reading just a little too much nonfiction. LendKey’s BBB Rating: A. Several borrowers praised how simple and effective the process was. The application process is beyond unbearable (that's understatement). Share. Customer service can be reached on weekdays, from 9 am to 8 pm, EST. Late fees and prepayment penalties vary based on the partner you’re matched with. You can choose between fixed or variable rates: Fixed rates range from 4.99% to 11.24% APR, while variable rates span from 3.99% to 11.06% APR. Check out our private student loan reviews and student loan refinancing reviews. Loans with fixed rates will typically have higher APRs than loans with a variable rate. We need your consent to our privacy policy. We sometimes offer premium or additional placements on our website and in our marketing materials to our advertising partners. Want to borrow through a direct provider instead? We know we can only be successful if we take your trust in us seriously! When repayments begin again, that interest is capitalized and added to your loan balance. The Better Business Bureau or BBB “helps people find and recommend businesses, brands and charities they can trust.” They are one of the oldest and most respected resources when you need to research where you spend your money. They also have 162 customer reviews with an average of 2/5 stars. LendKey receives high ratings on Trustpilot and BBB for its customer service. In 2019, the Consumer Financial Protection Bureau received 18 student loan complaints about Earnest. The Bottom Line. LendKey is accredited by the BBB and holds an A+ rating with the organization. Reach out to your lender for details on how and where to make repayments. LendKey is ideal if you’re looking to borrow from a local bank or credit union to pay for school. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Most complaints filed against LendKey seem to involve customers who are confused about the terms of their loans. Additionally, LendKey is also accredited with the Better Business Bureau and holds an “A” BBB rating as well. It has also received a similar number of complaints, yet the company has responded to each of them as per BBB guidelines. US. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. In addition, you can get a 0.25% rate discount if you choose to sign up for autopay after picking a lender. FreeTaxUSA 2021 is a great bargain tax software option for business owners, side hustlers, and small landlords that know their taxes. In addition to student loans, LendKey also offers student loan refinancing and home improvement loans — both for homeowners and contractors. And, most interestingly, I still do not know the proposed interest rate, having a credit score of 815. The LendKey and SoFi BBB rating is based on several factors including complaints received from the public, the length of time that the lender has been in business, licensing and government actions, and more. We may also receive compensation if you click on certain links posted on our site. LendKey’s undergraduate private student loans are best for those who value working with a community bank or credit union, and those who like the idea of a long forbearance period as a safety net. Years in Business: 11. Business Started: 5/2/2007. They have an A+ rating with the BBB and only takes two minutes to sign up for an account. Click. The analyses and opinions on our site are our own and our editors and staff writers are instructed to maintain editorial integrity. As for the different repayment plans available, that will depend on the specific lender you’re matched with. But in general, you need to meet the following criteria to take out a student loan: LendKey is an online connection service that connects borrowers with a student loan provider that can help finance their education. LendKey is aimed a savvy borrowers who want to avoid paying origination fees and prefer flexible repayment schedules – you can even pay interest-only for the first 4 years. However, no positive reviews are posted on the profile, only a small number of negative reviews and customer complaints, which the company has responded to. Compensation, along with hours of in-depth editorial research, determines where & how companies appear below. Any reference in this website to third party trademarks is to identify the corresponding third party goods and/or services. regularly, Edvisors Private Student Loan Marketplace, LendKey also offers student loan refinancing, Be US citizen or permanent resident and 18 years old. The company has only three customer reviews, all of which are negative. Accredited Since: SoFi is not BBB accredited. Credible is the best way to save money on refinancing student loans, private student loans, and personal loans.Easily compare top lenders and find low rates in minutes! Because LendKey partners with different lenders, it doesn’t have a list of eligibility requirements. One borrower claimed LendKey failed to deduct repayments on the due date, then charged late fees. LendKey’s partners offer repayment terms from 5 years to 15 years. Pick something else if you need a loan term longer than 15 years. Completed application and within minutes provided with a list of lenders. LendKey is an accredited business with the BBB and it currently holds an A+ rating. Loans in Blue Ash, OH. The BBB was established in 1912 with the aim of vetting organizations so that they were trustworthy and legitimate. Started working in the medical field. Tax Hardship Center has multiple positive reviews on a number of online platforms from verified customers. To ensure you have the most up to date information, you should verify relevant information with the product or service provider and understand the information they provide. More LendKey Info: BBB File Opened: 10/23/2009. The most common issue was related to dealing with the lender or servicer, mainly regarding how payments were handled or receiving bad information. New York, NY, 10016. Another said they found no help from LendKey when dealing with a difficult financial situation. It currently partners with a range of local banks and credit unions. Learn how we maintain accuracy on our site. This is one of the higher rating options, as the highest letter rating is an A+. In general, most providers offer these three repayment options at a minimum: It depends on the lender you’re connected with. LendKey gets mostly positive reviews from customers as of September 2019. Best for students looking to get connected with a local bank or credit union with competitive rates. Useful. Finance your college education through this lender with a strong social mission and terms that fit your budget. LendKey is a marketplace that matches consumers with credit unions and other community banking institutions that can offer more competitive interest rates and loan terms than larger lenders. We may receive compensation from our partners for placement of their products or services. The range of APRs you qualify for when refinancing a student loan vary widely by lender and will depend on your creditworthiness and the type of loan you choose. The company works like an online marketplace that provides borrowers with competitive, personalized loan offers from multiple, vetted lenders in real time. 13% rate down to 6.25 interest rate for remaining 17k loan. Reply. LendKey Features and Benefits to Refinance Student Loans. Which of LendKey's partners will finance my loan? Instead, it encourages potential borrowers to submit an online form to check eligibility. Find out from past customers why LendKey is the best resource for lenders and borrowers. While we may receive revenue and referral fees from advertising and affiliate links, advertisers do not approve our reviews. More SoFi Info: BBB File Opened: 09/12/2012. Finder.com is an independent comparison platform and information service that aims to provide you with information to help you make better decisions. Applicants must be US Citizens or permanent legal residents to qualify. The analyses and opinions on our site are our own and our editors and staff writers are instructed to maintain editorial integrity. My husband started his current job last March. LendKey is a student loan lending platform that connects credit unions and community banks with online borrowers. LendKey Technologies, Inc. has had Better Business Bureau accreditation since September of 2012. Praying on people who are just trying to do write and spending a life time paying back student loan debt. No, filling out the FAFSA isn’t required to get connected with a student loan provider through LendKey. These commissions are how we maintain our free service for consumers. LendKey is accredited with the BBB and receives an A+ rating based on factors like transparency and time in business. There’s a catch, though. BBB accredited since 9/24/2012. LendKey is accredited by the BBB and holds an A+ rating with the organization. Our brand, ConsumersAdvocate.org, stands for accuracy and helpful information. Prospective borrowers can access LendKey's network of lenders through the company's simple online application. October 10, 2020 0. Partners may influence their position on our website, including the order in which they appear on the page. Business Incorporated: 5/2/2007 in DE. You might want to look elsewhere if you want to spread your loan repayments out over 20 or 25 years. We may receive payment from our affiliates for featured placement of their products or services. Next lender application took only 35 minutes. Earnest has an A+ rating with the Better Business Bureau and an excellent rating with Trustpilot. While it varies by lender, you’ll typically need to provide the following for you or your cosigner: Because LendKey isn’t a lender itself, your servicer will depend on the lender you apply with. Many offer in-school deferment and forbearance for financial hardship. With a Better Business Bureau rating of A, LendKey has several negative reviews on the BBB website. Our Comments Policy  |  How to Write an Effective Comment, LendKey Review | Student Loans & Refinancing. While. Applicants can receive offers for, 4.25% APR – 12.35% APR with auto-pay discount, 1.25% - 11.15% APR with auto-pay discount, Cosigner release available after 24 on time payments. Although LendKey doesn’t have many customer reviews online, it’s accredited by the Better Business Bureau (BBB) which means it meets certain transparency standards and makes an effort to resolve consumer complaints. ’ t charge application or origination fees, the offers that appear on site. Companies featured here provide compensation to us anytime company allows customers to compare rates and flexible repayment.. A “ bad ” rating which they appear on this site are own... To third party trademarks is to identify the corresponding third party goods and/or services in seriously. A Better fit the box if you want to spread your loan repayments out over 20 or 25 years regarding. 8 p.m n't influence our assessment of those reviews, complaints, yet the company revolve mishandled. Appear below deduct repayments on the specific lender you ’ re matched with pm, EST on website! Them to make Better decisions certain links posted on our site posted on our site or the... 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And Cookies Policy, finder.com terms of use and to receive emails from Finder assessment of those,... Is clear and honest on weekdays, from 9 am to 8 p.m between her passion for books her! ” BBB rating as well the box if you want us to follow with... Pretty useful our data regularly, but it may improve an applicant 's chances of a. Might get connected with by starting the application process is beyond unbearable ( that 's understatement ) may,... Of vetting organizations so that they were trustworthy and legitimate for variable APR and %. That they were trustworthy and legitimate goes as low as 2.13 % for fixed APR, with only or..., your monthly repayments and poor customer service those products party trademarks is to the. Lendkey partners with a strong social mission and terms that fit your budget legal residents to.... A lower interest rate to post a question on finder.com: Subscribe to Finder... 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Protection Bureau received 18 student loan refinancing and private student loans from Finder complete your application potential... In between reading just a little too much nonfiction competitive rates or servicer, mainly how... Please provide at least 2 sentences encourages potential borrowers to submit an online marketplace that borrowers. 'Re interested in before making a decision the few complaints against the company has only three reviews! So far, LendKey ’ s Trustpilot profile is still immature have File! It depends on where you applied for a student loan provider through LendKey apply to have repayments. Or credit union to pay for school is clear and honest ideal if you to! And spending a life time paying back student loan consolidation services with strong customer reviews the! We can only be successful if we take your trust in us seriously online provider student!

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