LendKey (www.lendkey.com) is a leading online lending platform that connects borrowers with community banks and credit unions across the United States. The company was founded in 2007 with the goal of providing borrowers with access to more affordable loans through the power of community-based lending.
LendKey offers a range of lending services, including student loan refinancing, personal loans, and home improvement loans. In this article, we will focus on LendKey’s student loan refinancing program and provide a comprehensive review of its features and benefits.
LendKey Student Loan Refinancing
LendKey’s student loan refinancing program is designed to help borrowers reduce their student loan debt by offering lower interest rates and more favorable repayment terms. The program is available to borrowers who have completed an undergraduate or graduate degree and have at least $5,000 in student loan debt.
One of the key benefits of LendKey’s student loan refinancing program is its competitive interest rates. The company partners with a network of over 13,000 community banks and credit unions to offer borrowers some of the lowest interest rates in the industry. This can help borrowers save thousands of dollars over the life of their loans.
In addition to its low interest rates, LendKey also offers flexible repayment terms. Borrowers can choose from a variety of repayment options, including fixed and variable interest rates, and loan terms ranging from 5 to 20 years. This can help borrowers customize their repayment plans to better fit their financial needs and goals.
Another advantage of LendKey’s student loan refinancing program is its streamlined application process. Borrowers can apply for refinancing online in just a few minutes, and receive a decision within minutes. This can help borrowers get the funds they need quickly and without any hassle.
Additionally, LendKey offers a variety of borrower benefits and perks, including a 0.25% interest rate reduction for enrolling in automatic payments, no origination or prepayment fees, and the ability to release a co-signer from the loan after making 12 on-time payments.
Overall, LendKey’s student loan refinancing program is a great option for borrowers who are looking to save money on their student loans and simplify their repayment process. With its low interest rates, flexible repayment terms, and borrower-friendly features, LendKey is a top choice for borrowers who want to take control of their student loan debt..
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