LendKey

LendKey connects over 300 community banks and credit unions to students through a seamless online application. With access to educational resources and payment calculators, students can learn, compare, and obtain the best loan based on their needs. The best part is LendKey services all of the loans on behalf of their lending partners, meaning you will work with the same customer service team from application to final repayment.

Apply for a LendKey Private Student Loan

Fixed APR 3.48% - 12.81%⁴

Variable APR 4.36% - 13.54%⁴

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Featured Lender

No origination fees, application fees or prepayment penalties
Network of 300+ community lenders = higher chances for approval and lower rates
Available for undergraduate & grad school student loans
0.25% interest rate reduction with automatic payments
Cosigner release available after 24 months of on-time payments
Dedicated customer care team
30-day no-fee return policy for all borrowers
Funds can be used to pay for qualified education expenses: Tuition, Room & Board, Books, Computer(s), and More!

¹Terms and Conditions Apply

Loan products, terms, and benefits may be modified or discontinued by participating lenders at any time without notice. Rates displayed are reserved for the most creditworthy consumers who enroll to make automatic monthly payments. Your initial rate will be determined after a review of your application and credit profile. Variable rates may increase after consummation. You must be either a U.S. citizen or Permanent Resident in an eligible state and from an eligible school, and meet the lender's credit and income requirements to qualify for a loan. Certain membership requirements (including the opening of a share account, a minimum share account deposit, and the payment of any applicable association fees in connection with membership) may apply in the event that an applicant wishes to apply with, and accept a loan offered from, a credit union lender. If you are not a member of the credit union lender, you may apply and become a member during the loan application process if you meet the lender's eligibility criteria. Applying with a creditworthy cosigner may result in a better chance of loan approval and/or lower interest rate. Loans for exam preparation classes, including, but not limited to, loans for LSAT, MCAT, GMAT, and GRE preparation, are not available via LendKey.com.

²Cosigner Release

Some lenders participating on LendKey.com may offer the benefit of cosigner release. Cosigner release is subject to lender approval. In order to qualify, the borrower, alone, must meet the following requirements: (1) Make the required number of consecutive, on-time full principal and interest payments as indicated in the borrower’s credit agreement during the repayment period (excluding interest-only payments) immediately prior to the request. Any period of forbearance will reset the repayment clock; (2) The account cannot be in delinquent status; (3) The borrower must provide proof of income indicating that he/she meets the income requirements and pass a credit review demonstrating that he/she has a satisfactory credit history and the ability to assume full responsibility of loan repayment; (4) No bankruptcies or foreclosures in the last sixty months; and (5) No loan defaults.

³Autopay Rate Reduction

Subject to floor rate and may require the automatic payments be made from a checking or savings account with the lender. The rate reduction will be removed and the rate will be increased by 0.25% upon any cancellation or failed collection attempt of the automatic payment and will be suspended during any period of deferment or forbearance. As a result, during the forbearance or suspension period, and/or if the automatic payment is canceled, any increase will take the form of higher payments.

⁴AutoPay Discount & Lowest Interest Rate

As of 03/07/2025 private student loans rates range from 4.38% to 13.55% Variable APR with AutoPay and 3.48% to 12.81% Fixed APR with AutoPay.

Student Benefits

No origination fee or prepayment penalties
Available for both undergraduate and graduate school student loans
0.25% Interest Rate Reduction with automatic payment
Interest paid on private student loans may be tax deductible
Cosigner release available
No handoffs ever, you stay with LendKey from application to final payment
30-day no-fee return policy for all borrowers
All loans funded by community lenders like not-for-profit credit unions and community banks
97% borrower satisfaction shows our best in class customer service

Student Eligibility

Must be a U.S. Citizen or Permanent Resident
Enrolled at least half-time in a degree-granting program at a participating school
A minimum 2.0 GPA and meet Satisfactory Academic Progress (SAP) per the school guidelines
Minimum loan amount: $2,000
Borrower (or cosigner) must have an annual income of $36,000
Open to all US states
*90%+ of private student loan applicants apply with a cosigner. Applying with a cosigner may improve chances of approval.

Disclaimers

¹Terms and Conditions Apply

²Cosigner Release

³Autopay Rate Reduction

⁴AutoPay Discount & Lowest Interest Rate

As of 03/07/2025 private student loans rates range from 4.38% to 13.55% Variable APR with AutoPay and 3.48% to 12.81% Fixed APR with AutoPay.