LendKey
Learn more
in our Bankrate review
Bankrate’s view
LendKey is an online lending platform that matches borrowers with a variety of partner lenders. This makes it an appealing solution for borrowers who want to get multiple quotes to find the best deal, since their application will be compared against several lenders’ requirements. The loans offered through LendKey come with terms ranging from five to 20 years and no origination fees.
One major drawback is that because LendKey does not originate its loans, many details about your loan depend on which lender you’re ultimately matched with. LendKey’s advertised rates and terms represent all of its partners, so you may find yourself matched with a lender with several fees or insufficient repayment terms.
Pros
- No fees
- Simple lender comparison process
- Variety of loan terms available
Cons
- Terms vary by lender
- High credit score requirement
- Requires a steady income to qualify