LendKey works with a network of local banks and credit unions to find alternative options for refinancing your student loans.
With over 300 of credit unions in their network and $3 billion in loan originations, LendKey is an excellent choice if you want to find the best student loan refinancing option. It’s a lending platform that originally started out as a peer-to-peer student loan platform. While it’s currently working with credit unions and small banks to help you succeed, it’s still keeping its origins in mind. That’s why you’ll certainly enjoy features such as: (1) one-stop shopping; (2) unemployment protection; (3) location-based special deals, and (4) flexible terms.
One-stop shopping. While LendKey doesn’t refinance your loans directly, they give you the option of accessing their network of over 300 small banks and credit unions. You can get deals from financial institutions that you haven’t even thought of. Then, you can simply compare different options and choose the student loan refi that’s the best fit for your current situation.
Unemployment protection. If you’re worried about what would happen if you lose your job, you no longer have to. LendKey has a generous 18 months paused payment period that could help you get back on your feet should the worse come to worst. They can do so by carefully selecting their partners that want you to succeed (so they could succeed, too).
Location-based special deals. Depending on your financial profile and LendKey lenders in your area, you could get plenty of special deals you wouldn’t get if you refinanced with a big company or a big bank. Additionally, all loans contracted through LendKey come with no origination fees.
Flexible terms. LendKey and its partners are big on giving you the flexibility you need to make the best choices for your future. Plenty of people who’ve refinanced their student loans through LendKey were surprised to have received an offer they couldn’t get it anywhere else. It’s also particularly good at servicing $20,000 to $100,000 student loans. You can choose from 5 to 20 year loans, and their interest rates are competitive as well. You can refinance private, federal, as well as graduate loans – all within the same loan. While LendKey doesn’t work with huge financial institutions, it works with reliable credit unions and small banks who are invested in your success. It’s a good option for reducing headaches and paying off that student debt sooner so you can focus on investments.
- Interest Rates: 2.01%+
- Bonus Cashback: $300
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