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Lendkey Student Loan Refinancing Review

Editorial note: This content is not provided or commissioned by any financial institution. Any opinions, analyses, reviews, or recommendations expressed in this article are those of the author’s alone, and may not have been reviewed, approved, or otherwise endorsed by the financial institution.

LendKey does all the hard work of searching for the best lender so you won’t have to. They pair you up with different offers and all you have to do is choose which bank or credit union is the best option for you. LendKey is great for those who want to work with local institutions and have strong customer service.



18 months of forbearance available, in six-month increments
Soft credit check first
You can apply with a co-signer


Loans aren’t available in Maine, Nevada, North Dakota, Rhode Island or West Virginia
No payment postponement if borrowers return to school or join the military
No personalized loan payments

What we like about LendKey

Forbearance Available

You can pause your student loans 6 months at a time if you enter a period of financial hardship, and it extends up to 18 months.

Soft Credit

LendKey soft checks your credit first, so it has no negative impact on your credit score.

Multiple Loan Options

Choosing the right lender can be a headache, but LendKey works with hundreds of local and regional banks as well as credit unions, so you have many options to choose from.

Apply with Co-Signer

LendKey is also a great option for recent undergraduates and graduates because they let you apply with a co-signer.

How to Qualify

Since LendKey works with hundreds of banks, qualifying for a loan at LendKey isn’t as strict as their competitors. If you don’t think you can qualify on your own, they have the option of applying with a co-signer.


Details and Offers


Loan Terms: 5, 7, 10, 15, 20 years
Loan Amounts: Min: $5,000 Max: $300,000
Loan Qualifications: Federal and Private
Income Requirements: Minimum $24,000
Application Fee: No
Prepayment Penalty: No
Late Fees: Yes
Forbearance: Extended for longer loan terms
Servicer: In-House

You can compare the top student loan lenders on Snowball’s Student Loan Lender Marketplace or Snowball can provide you with a personalized plan!

Advertiser Disclosure: At Snowball, we are committed to being honest and transparent. We will not allow advertisers to influence our opinion of offers that appear on our site. We do receive compensation from some partners whose offers appear here. It is this compensation which enables us to provide you with free services. We also may not cover all offers in the market. We are firm believers that if we wouldn’t recommend an offer to a close friend or family, we wouldn’t recommend it on Snowball either.

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