However, interest continues to accrue during this time. Several borrowers praised how simple and effective the process was. Applicants must be US Citizens or permanent legal residents to qualify. Follow these steps to get started: Follow the directions to complete your application. LendKey goes as low as 2.13% for variable APR and 3.25% for fixed APR, with Citizens Bank only slightly higher. 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). While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. Many or all of the companies featured here provide compensation to us. FreeTaxUSA 2021 is a great bargain tax software option for business owners, side hustlers, and small landlords that know their taxes. LendKey has an “A+” BBB rating. In addition, you can get a 0.25% rate discount if you choose to sign up for autopay after picking a lender. Reviews and Trustworthiness. LendKey Features and Benefits to Refinance Student Loans. No, filling out the FAFSA isn’t required to get connected with a student loan provider through LendKey. 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. Business Incorporated: 5/2/2007 in DE. finder.com is a financial comparison and information service, not a bank or product provider, We cannot provide you with personal advice or recommendations, Data indicated here is updated To get in touch with a LendKey representative, you can email its customer service team at customer.care@lendkey.com or call 888-549-9050. The Better Business Bureau (BBB) gives LendKey an “A” rating, which means the lender has scored somewhere between 94 and 96.99. Took a pay cut to get out of the hospitality industry and protect my mental health. Ready to get connected with a lender? Accredited Since: 9/24/2012. New boss is both fake and crazy. If you are unsure, you should get independent advice before you apply for any product or commit to any plan. We know we can only be successful if we take your trust in us seriously! They also have 162 customer reviews with an average of 2/5 stars. She lives in the woods and likes to find new bug friends in between reading just a little too much nonfiction. Completed application and within minutes provided with a list of lenders. My husband started his current job last March. What customers say about LendKey. Other companies like LendKey and Citizens Bank are lower in their rates. However, that would be the case no matter where you applied for a student loan refinance. Reply. The most common issue was related to dealing with the lender or servicer, mainly regarding how payments were handled or receiving bad information. 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. Check out our list of other student loan providers that might be a better fit. LendKey is a place for someone seeking multiple financing options. Best for students looking to get connected with a local bank or credit union with competitive rates. Years in Business: 11. Business Started: 5/2/2007. Finder® is a registered trademark of Hive Empire Pty Ltd, and is used under license by Finder.com LLC. LendKey Private Student Loans Disclosure: "The APR for variable rate loans may increase after loan consummation.Additionally, the APR displayed may include a 0.25% reduction for enrolling in automatic monthly payments from a personal checking or savings account to … 40k to 37k. We update our data regularly, but information can change between updates. They have an A+ rating with the BBB and only takes two minutes to sign up for an account. They also have 5 customer reviews with an average of 1/5 stars. Our brand, ConsumersAdvocate.org, stands for accuracy and helpful information. 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. False advertisement. Which of LendKey's partners will finance my loan? Any reference in this website to third party trademarks is to identify the corresponding third party goods and/or services. This means you’re effectively paying interest on interest. They’ve had one BBB complaint since they opened in 2012, and it was resolved to the customer’s satisfaction according to the BBB website. 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. Praying on people who are just trying to do write and spending a life time paying back student loan debt. We need your consent to our privacy policy. The company allows customers to compare rates and lenders in a neutral online environment. The few complaints against the company revolve around mishandled repayments and poor customer service. See BBB rating, reviews, complaints, request a quote & more. 104 West 27th Street, 4th Floor, New York, NY, 10001, Leave a comment for LendKey Student Loans. This can result in higher monthly repayments and a more expensive loan in the long run. This was an amazingly easy process This was an amazingly easy process. Prospective borrowers can access LendKey's network of lenders through the company's simple online application. LendKey’s partners offer repayment terms from 5 years to 15 years. You’re limited to a maximum 15-year loan term, which can be burdensome if you can’t afford high monthly repayments after graduating. 13% rate down to 6.25 interest rate for remaining 17k loan.