Quick Asked: Lendkey Customer Service Number?

Last update: 01 May, 2024 196 Views

Is lendlendkey a lender? LendKey isn’t a lender, it’s a private student loan marketplace that also originates and services loans. LendKey works primarily with credit unions and community banks. Borrowers are required to make payments while in school.

What are the fees associated with lendkey? LendKey doesn’t charge origination or application fees. In addition, there are no prepayment penalties if you pay off your loan early. However, there may be late fees if you miss your payment due date. With LendKey you can qualify for a 0.25% interest rate reduction if you sign up for automatic payments.

Is lendkey good for student loan refinancing? Yes. LendKey offers student loan refinancing for both federal and private student loans. It has loan terms ranging from five to 20 years in length, with variable and fixed interest rates starting as low as 1.90% and 2.95%, respectively. 3 Before submitting a loan application, make sure you check out the best student loan refinancing companies .

How does lendkey work with credit unions? LendKey. Loans with LendKey are funded by community lenders like credit unions and banks. These institutions work with LendKey to keep costs low and pass the savings to you. LendKey’s platform is a complete lending solution for community banks and credit unions to digitally offer their customers the loans they need.

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