LendKey loan marketplace has partnered with a vast network of credit unions and community banks. The good thing about them is that they service their loans and have reliable customer service. The company has an automated digital platform that its partner lending companies use to issue loans.
LendKey offers loans that finance education-related expenses in certified institutions, including tuition, fees, board, room, laptop, textbook, and transportation. This lending company approves loans for applicants who meet the minimum credit requirements. Borrowers who fail to meet the eligibility criteria must have consigners to increase their chances of loan approvals.
However, cosigners must present supporting documents, including permanent address, proof of income, and social security identification. To have your loan application approved, you must:
· Be a permanent resident/ U.S. citizen.
· Be of legal age in their residential state.
· Be enrolled half-time in an approved school or a degree-awarding program.
The company offers flexible repayment options, from interest-only to fixed repayments for students in school. Borrowers can apply for loan forbearance of up to six months. The company does not charge any application or originating fee for its student loan refinancing and private student loans. LendKey offers the following loans:
· Student loan refinance