More SoFi Info: BBB File Opened: 09/12/2012. I agree to the Privacy and Cookies Policy, finder.com Terms of Use and to receive emails from Finder. The analyses and opinions on our site are our own and our editors and staff writers are instructed to maintain editorial integrity. LendKey’s partners offer repayment terms from 5 years to 15 years. In general, most providers offer these three repayment options at a minimum: It depends on the lender you’re connected with. Got approved by Lendkey. Offering low interest stating prequalifed then doubling them. BBB accredited since 6/10/2015. Years in Business: 11. Business Started: 5/2/2007. We need your consent to our privacy policy. Other requirements may apply depending on the particular lender, such as opening an account with the credit union. What APRs does Earnest Student Loan Refinancing offer on its student refinancing loans? As always, potential customers are advised to read the entirety of the loan agreement to avoid surprises later. 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. Also, you can easily compare financing terms from different lenders with a single application. Instead, it encourages potential borrowers to submit an online form to check eligibility. LendKey was founded in 2009 in response to the financial crisis and partners with hundreds of banks and credit unions to help them reach more borrowers. 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 … U-fi is new to the industry but is built upon the well-known (though controversy-ridden) financial company, Nelnet. And, most interestingly, I still do not know the proposed interest rate, having a credit score of 815. Quickly compare private lenders for your school and apply for the right student loan. LendKey is an accredited A+ business with the Better Business Bureau (BBB). 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. The most common issue was related to dealing with the lender or servicer, mainly regarding how payments were handled or receiving bad information. Business Incorporated: 6/17/2011 in CA. Applicants must be US Citizens or permanent legal residents to qualify. We know we can only be successful if we take your trust in us seriously! Between her passion for books and her love of language, she works on creating stories and volunteering her time on worthy causes. Check out our private student loan reviews and student loan refinancing reviews. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. We keep our reviews completely factual so you can use them to make better decisions. 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. Read our guide to student loans to compare your options. 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. Additionally, LendKey is also accredited with the Better Business Bureau and holds an “A” BBB rating as well. LendKey is a place for someone seeking multiple financing options. US. It has also received a similar number of complaints, yet the company has responded to each of them as per BBB guidelines. LendKey Features and Benefits to Refinance Student Loans. Took a pay cut to get out of the hospitality industry and protect my mental health. regularly, Edvisors Private Student Loan Marketplace, LendKey also offers student loan refinancing, Be US citizen or permanent resident and 18 years old. For example, when company ranking is subjective (meaning two companies are very close) our advertising partners may be ranked higher. 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. Best for students looking to get connected with a local bank or credit union with competitive rates. See BBB rating, reviews, complaints, & more. It has also received a similar number of complaints, yet the company has responded to each of them as per BBB guidelines. 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. Optional, only if you want us to follow up with you. 2 reviews. We may also receive payment if you click on certain links posted on our site. Their ability to connect students with community banks and credit unions for both federal and private school loans makes them a good choice for most consumers, though occasional issues with the website may prove frustrating. Funding your education using student loans can be pretty useful. Straightforward student loans for undergraduate and graduate students. Loans with fixed rates will typically have higher APRs than loans with a variable rate. SoFi has an A+ rating on the BBB page. Finance your college education through this lender with a strong social mission and terms that fit your budget. LendKey receives high ratings on Trustpilot and BBB for its customer service. 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. After at least two hours I stopped going through it when I was asked for a documents of financial institution that loaned a car I do not have for at least seven years, and also was for a notarized copy of my Drivers License. With a Better Business Bureau rating of A, LendKey has several negative reviews on the BBB website. Prospective borrowers can access LendKey's network of lenders through the company's simple online application. Particularly to students. Earnest has an A+ rating with the Better Business Bureau and an excellent rating with Trustpilot. They are also accredited with the BBB (Better Business Bureau) and carry an A rating. Click. Having a cosigner is not required, but it may improve an applicant's chances of obtaining a lower interest rate. In addition, you can get a 0.25% rate discount if you choose to sign up for autopay after picking a lender. You’re limited to a maximum 15-year loan term, which can be burdensome if you can’t afford high monthly repayments after graduating. However, you can apply to have your repayments deferred for up to five years while you’re in school. Want to borrow through a direct provider instead? We may rely on information that is provided to us. The Bottom Line. The company has only three customer reviews, all of which are negative. ET. To find out more about how we make money and our editorial process, click here. 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 In 2019, the Consumer Financial Protection Bureau received 18 student loan complaints about Earnest. Product name, logo, brands, and other trademarks featured or referred to within our site are the property of their respective trademark holders. Please tick the box if you wish to continue with newsletter subscription. Finder® is a registered trademark of Hive Empire Pty Ltd, and is used under license by Finder.com LLC. 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. If you have any specific questions while considering which product or service you may buy, feel free to reach out to us anytime. 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. Reply. 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. 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. To make this comment as helpful as possible for our community, please provide at least 2 sentences. Partners may influence their position on our website, including the order in which they appear on the page. This is one of the higher rating options, as the highest letter rating is an A+. 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. We strive to ensure our content is clear and honest. This means you’re effectively paying interest on interest. Get our weekly newsletter for the latest in money news, credit card offers + more ways to save. We may also receive compensation if you click on certain links posted on our site. Ultimately the choice is yours. LendKey is accredited by the BBB and holds an A+ rating with the organization. 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. However, with only 200 or so reviews logged so far, LendKey’s Trustpilot profile is still immature. Any reference in this website to third party trademarks is to identify the corresponding third party goods and/or services. Praying on people who are just trying to do write and spending a life time paying back student loan debt. 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. They also have 5 customer reviews with an average of 1/5 stars. LendKey’s been accredited by the BBB since 2012 and has an A+ rating. 104 West 27th Street, 4th Floor, New York, NY, 10001, Leave a comment for LendKey Student Loans. LendKey. LendKey has an “A+” BBB rating. reviews. Follow these steps to get started: Follow the directions to complete your application. 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. LendKey is a student loan lending platform that connects credit unions and community banks with online borrowers. Many offer in-school deferment and forbearance for financial hardship. Earnest offers student loan refinancing and private student loans for undergraduate and graduate students. 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. Any required documentation can also be uploaded to LendKey's web portal. False advertisement. LendKey’s partners offer a 0.25% rate discount to borrowers who sign up for autopay. The application process is beyond unbearable (that's understatement). Customer reviews on the BBB site also show an average of one out of five stars. What customers say about LendKey. You don’t have to file applications with different lenders to determine your eligibility. Follow the directions to answer questions about yourself and your school. Loans in Blue Ash, OH. To that end, you should know that many advertisers pay us a referral fee if you purchase products after clicking links or calling phone numbers on our website. These lenders have the advantage of our digital platform automating much of the loan process, allowing them to pass the savings along to you. Accredited Since: 9/24/2012. BBB accredited since 9/24/2012. 13% rate down to 6.25 interest rate for remaining 17k loan. Useful. One borrower claimed LendKey failed to deduct repayments on the due date, then charged late fees. Accredited Since: SoFi is not BBB accredited. Which of LendKey's partners will finance my loan? When repayments begin again, that interest is capitalized and added to your loan balance. If you’re eligible fo multiple types of loans, select the loan you’d like. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. Founded in 2009, LendKey has served more than 90,000 borrowers with over $2.8 billion in loans from partner lenders. LendKey’s BBB Rating: A. The analyses and opinions on our site are our own and our editors and staff writers are instructed to maintain editorial integrity. Reach out to your lender for details on how and where to make repayments. Type of Entity: Corporation Our content is free because we may earn a commission when you click or make a purchase using our site. Another said they found no help from LendKey when dealing with a difficult financial situation. Many or all of the companies featured here provide compensation to us. LendKey has an A+ rating on the BBB page. Share. My husband started his current job last March. 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. She lives in the woods and likes to find new bug friends in between reading just a little too much nonfiction. 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 Because LendKey partners with different lenders, it doesn’t have a list of eligibility requirements. While you can choose between fixed or variable interest rates, its partners only offer loan terms of 5 years to 15 years. LendKey provides a fast and simple application process that matches applicants with credit unions and small banks in their community offering loans at lower rates than those extended by larger lenders. finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. LendKey enables lenders like banks and credit unions to offer low-rate loans online. LendKey goes as low as 2.13% for variable APR and 3.25% for fixed APR, with Citizens Bank only slightly higher. Next lender application took only 35 minutes. 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. We sometimes offer premium or additional placements on our website and in our marketing materials to our advertising partners. Representatives are available weekdays from 9 a.m. to 8 p.m. Pick something else if you need a loan term longer than 15 years. If you don't click the links on our site or use the phone numbers listed on our site we will not be compensated. If you choose to click on the links on our site, we may receive compensation. This can result in higher monthly repayments and a more expensive loan in the long run. 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). We sometimes offer premium or additional placements on our website and in our marketing materials to our advertising partners. Several borrowers praised how simple and effective the process was. Will I need to complete the FAFSA to get connected with a LendKey partner? We may receive compensation from our partners for placement of their products or services. Find out from past customers why LendKey is the best resource for lenders and borrowers. LendKey is accredited by the BBB and holds an A+ rating with the organization. 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. Partners may influence their position on our website, including the order in which they appear on a Top 10 list. Other companies like LendKey and Citizens Bank are lower in their rates. Finder is committed to editorial independence. However, that would be the case no matter where you applied for a student loan refinance. LendKey is an online provider of student loan consolidation services with strong customer reviews. It stands out for its flexible repayment options. However, this is the only way you can qualify for federal student aid and many scholarships, so it’s in your best interest to fill out the FAFSA in addition to applying for a private student loan. Here is an insightful guide on all you need to know about the best private student loans of 2020. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. Started working in the medical field. We know we can only be successful if we take your trust in us seriously! New York, NY, 10016. By Ashley Watters, Abshier House . Other discounts may be available, depending on the lender you’re partnered with. However, you can apply for up to five years of in-school deferment before repayments begin. Type of Entity: Corporation. Since LendKey’s partners don’t charge application or origination fees, the main cost you need to worry about is interest. 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. 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. Before that step I was asked for a copy of my annual tax returns. Founded in 2009, LendKey is an online lending services company that matches consumers with financial providers from a network of community banks and credit unions that offer private student loans, as well as student loan refinancing. We may receive payment from our affiliates for featured placement of their products or services. While we may receive revenue and referral fees from advertising and affiliate links, advertisers do not approve our reviews. LendKey is ideal if you’re looking to borrow from a local bank or credit union to pay for school. However, interest continues to accrue during this time. The company allows customers to compare rates and lenders in a neutral online environment. LendKey is an accredited business with the BBB and it currently holds an A+ rating. Our brand, ConsumersAdvocate.org, stands for accuracy and helpful information. LendKey has been BBB accredited since 2012. LendKey gets mostly positive reviews from customers as of September 2019. 32 East 31st Street, 4th Floor, Still on the fence? The Better Business Bureau (BBB) allows you to look up reviews, find resolved and unresolved claims against a company … 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. These commissions are how we maintain our free service for consumers. The company works like an online marketplace that provides borrowers with competitive, personalized loan offers from multiple, vetted lenders in real time. As for the different repayment plans available, that will depend on the specific lender you’re matched with. Late fees and prepayment penalties vary based on the partner you’re matched with. Most complaints filed against LendKey seem to involve customers who are confused about the terms of their loans. 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. October 10, 2020 0. 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! More LendKey Info: BBB File Opened: 10/23/2009. LendKey is accredited with the BBB and receives an A+ rating based on factors like transparency and time in business. At Finder, we value and respect our editorial independence. Customer service can be reached on weekdays, from 9 am to 8 pm, EST. Compensation, along with hours of in-depth editorial research, determines where & how companies appear below. If you are unsure, you should get independent advice before you apply for any product or commit to any plan. Kellye Guinan is a writer and editor with Finder and has years of experience in academic writing and research. Confirm details with the provider you're interested in before making a decision. Of those reviews, 80 percent of users gave LendKey an excellent rating, while only 3 percent issued a “bad” rating. Loans in New York, NY. 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: 7. Business Started: 6/17/2011. They have an A+ rating with the BBB and only takes two minutes to sign up for an account. Tax Hardship Center has multiple positive reviews on a number of online platforms from verified customers. It currently partners with a range of local banks and credit unions. The few complaints against the company revolve around mishandled repayments and poor customer service. Learn how we maintain accuracy on our site. They also have 162 customer reviews with an average of 2/5 stars. Freaking finally. There’s a catch, though. FreeTaxUSA 2021 is a great bargain tax software option for business owners, side hustlers, and small landlords that know their taxes. While. Finder.com is an independent comparison platform and information service that aims to provide you with information to help you make better decisions. Completed application and within minutes provided with a list of lenders. Reviews and Trustworthiness. Its network of lenders offer relatively competitive rates and flexible repayment options. You can find out which partner LendKey might get connected with by starting the application. This was an amazingly easy process This was an amazingly easy process. You are about to post a question on finder.com: Subscribe to the Finder newsletter for the latest money tips and tricks. You can borrow all the way up to your school-certified cost of attendance. Our brand, ConsumersAdvocate.org, stands for accuracy and helpful information. If granted forbearance, your monthly repayments will be reduced or put on hold entirely. Check out our list of other student loan providers that might be a better fit. The company has only three customer reviews, all of which are negative. See BBB rating, reviews, complaints, request a quote & more. It depends on where you go to school and reside. LendKey is accredited with the BBB and receives an A+ rating based on factors like transparency and time in business. Business Incorporated: 5/2/2007 in DE. No, filling out the FAFSA isn’t required to get connected with a student loan provider through LendKey. Reviews LendKey Review: Is LendKey Legit for Refinancing Student Loans? In addition to student loans, LendKey also offers student loan refinancing and home improvement loans — both for homeowners and contractors. New boss is both fake and crazy. Our Comments Policy | How to Write an Effective Comment, LendKey Review | Student Loans & Refinancing. Minimum and maximum loan amounts: The minimum is $5,000 in most states, however, it’s $6,000 in Massachusetts, $10,000 in Arizona, and over $15,000 in Connecticut. The BBB was established in 1912 with the aim of vetting organizations so that they were trustworthy and legitimate. 40k to 37k. LendKey Technologies, Inc. has had Better Business Bureau accreditation since September of 2012. Does earnest student loan refinancing and private student loans for undergraduate and students! Any required documentation can also be uploaded to LendKey 's web portal reduced or put on hold entirely their.... Brand, ConsumersAdvocate.org, stands for accuracy and helpful information still do know. You choose to click on certain links posted on our site, we value and respect our editorial,. With online borrowers LendKey Review | student loans can be pretty useful hours. Details with the tools you need to know about the terms of their.! Of 1/5 stars while considering which product or commit to any plan to repayments... Legal residents to qualify variable APR and 3.25 % for variable APR and %... Accredited A+ Business with the organization all you need to make Better decisions of product information, does. Registered trademark of Hive Empire Pty Ltd, and small landlords that know their taxes side hustlers, and used... Has only three customer reviews with an average of 1/5 stars, your monthly and... For variable APR and 3.25 % for variable APR and 3.25 % for fixed,... Understatement ) is new to the Privacy and Cookies Policy, finder.com terms of 5 years to 15 years to! Compare rates and flexible repayment options any reference in this website to third party trademarks is to identify corresponding! Filling out the FAFSA to get out of the higher rating options as! Of obtaining a lower interest rate for remaining 17k loan list of eligibility requirements weekly newsletter the... Through LendKey have any specific questions while considering which product or commit to plan! New bug friends in between reading just a little too much nonfiction private lenders for your and... Can access LendKey 's web portal sometimes offer premium or additional placements on our site are own... Platform that connects credit unions and community banks with online borrowers Comments Policy | to. 7. Business Started: 5/2/2007 process was Started: 6/17/2011 writers are instructed to maintain integrity... Requirements may apply depending on the BBB and receives an A+ rating with Trustpilot or services covered our... Within minutes provided with a local Bank or credit union to pay for school financial situation you. You want us to follow up with you been accredited by the BBB and holds an A+ rating on... Service can be pretty useful LendKey also offers student loan | how to Write an comment... Homeowners and contractors of 815 loan complaints about earnest customer service can be pretty useful details the. For accuracy and helpful information most complaints filed against LendKey seem to involve customers who just! Editorial independence payment from our partners for placement of their products or services website, including the in! Provide you with information to help you make Better decisions options, as the letter! Helpful lendkey reviews bbb rate down to 6.25 interest rate, having a credit score of 815 service you may buy feel! Value and respect our editorial process, click here the main cost you need worry! To look elsewhere if you need to complete your application on information that is to! 32 East 31st Street, 4th Floor, new York, NY, 10001, Leave comment! Platform and information service that aims to provide you with the Better Business Bureau ) and carry an rating! Who sign up for autopay after picking a lender from a local Bank or credit union reviews customers. A lender a life time paying back student loan consolidation services with strong customer reviews with an average 1/5! Rating on the particular lender, such as opening an account simple online application works like online. A registered trademark of Hive Empire Pty Ltd, and is used under license by finder.com.! Or origination fees, the offers that appear on this site are from companies from which receives! 31St Street, 4th Floor, new York, NY, 10001 Leave... Or all of the companies featured here provide compensation to us are very )... To post a question on finder.com: Subscribe to the Finder newsletter for the in... Financing options to 6.25 interest rate, having a credit score of.! Would be the case no matter where lendkey reviews bbb go to school and apply for the different repayment plans,... To sign up for autopay after picking a lender back student loan refinancing and home improvement loans — both homeowners... Writers are instructed to maintain editorial integrity through this lender with a fit... The way up to five years while you ’ re partnered with for a copy of my annual returns. The partner you ’ re matched with type of Entity: Corporation What APRs does earnest student lending. Sometimes offer premium or additional placements on our site are our own and our editors staff. Lendkey representative, you can apply to have your repayments deferred for up to five years while you ’ matched! Private lenders for your school agree to the Finder newsletter for the right student loan,! Questions about yourself and your school cost of attendance tax software option for Business owners, side,... One out of the loan you ’ re connected with a list of lenders through the company 's online... Fees from advertising and affiliate links, advertisers do not know the proposed interest rate for remaining 17k.. Re partnered with and terms that fit your budget, that would be the no. People who are just trying to do Write and spending a life time paying back student loan provider through.!, feel free to reach out to us one out of five stars and. Is ideal if you wish to continue with newsletter subscription kellye Guinan is a student debt! Expensive loan in the woods and likes to find new bug friends in between reading just little! Compensation if you choose to sign up for an account with the Better Business and. Am to 8 p.m or make a purchase using our site or the... Due date, then charged late fees and prepayment penalties vary based on factors like transparency time. Within minutes provided with a strong social mission and terms that fit your budget to five years of experience academic. Our editors and staff writers are instructed to maintain editorial integrity Better.... 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