LendKey Student Loan Refinance Review

refinance student loans
lendkey refinance student loans

LendKey is a unique platform based in New York City that has served over 40,000 borrowers with over $2 billion in approved loans across all 50 states. While not a direct lender, LendKey compares offers from more than 300 community banks and credit unions to find you the best one. By financing or refinancing your student loan with a community bank or credit union, you also may get access to checking and savings accounts, as well as auto, personal and home loans.


LendKey Student Loan Refinance Overview

Fixed Rate:As low as 3.28%
Variable Rate:As low as 2.21%
Minimum Loan Amount:$5,000
Maximum Loan Amount:Dental: No maximum
Medical: No maximum
Veterinary: No maximum
Pharmacy: No maximum
Minimum Loan Term:5 years
Maximum Loan Term:20 years
Origination Fee:None
Prepayment Penalty:None
Co-Signer Option:Yes
Co-Signer Release:Yes

*Fixed and variable rates are based on APRs and include an ACH AutoPay interest rate reduction of 0.25%.

Eligibility Criteria

Minimum Age:At least age of majority in your state
Citizenship/Residency:U.S. citizen or permanent resident (applies to co-signer too, if any)
Eligible Schools:You graduated from a Title IV accredited university or graduate program

Loan eligibility may depend on a number of additional factors, and may even include your academic credentials.

Key Documentation

  • Current loan information/documents
  • Proof of income and employment (e.g., recent paystubs)
  • Diploma or transcript

  • Doctor’s Order: Unlike other lenders, LendKey funds loans through its network of over 300 credit unions and community banks. This is a good option if you want to avoid the large, traditional “Big Banks.”
  • Doctor’s Order: LendKey offers one of the longest unemployment protection periods of all student loan finance companies. LendKey enables you to pause payments for up to 18 months if you become unemployed.
  • Doctor’s Order: If you repay 10% of your loan by the time your loan enters the full repayment period, 1.0% APR is dropped from your current interest rate!

Applying is super easy – get your rate within 2 minutes

Find My Rate

*Checking your rate will not affect your credit score.


Want to save money on your student loans? These lenders represent our top student loan refinancing picks for 2017, and may be able to help you save thousands of dollars on your student loans by offering lower interest rates and lower monthly payments. That’s real money back in your pocket.

Learn your new student loan interest rate in a matter of minutes.

Student Loan Refinancing – Best of the Best

LenderRates (APR)Loan Terms (Years)Get Your RateLearn More
2.75% - 7.35%5 – 152 minutesSTART SAVING
2.21% - 8.97%5, 10, 15, 202 minutesSTART SAVING
3.89% - 7.45%5, 7, 10, 15, 202 minutesSTART SAVING
*Doc Benjamins is not a lender and does not make loans. We are a free, independent and unbiased website that helps empower borrowers so they can make more informed financial decisions. The rates, terms and other student loan information provided on this website do not legally bind Doc Benjamins or the lenders referenced herein. The rates, terms and other student loan information are estimates and may change periodically and/or differ from your final rate and terms, which may be based on your individual credit profile and other factors as determined solely by the lender. If you would like to apply for a loan, please visit the website(s) of each lender and carefully review their rates, terms and conditions for further information. Average savings is for all customers generally, and not necessarily for this product specifically.

Student Loan Refinance Comparison

SoFi members save $22,359 on average when refinancing their student loans.

Only takes 2 minutes

SoFi Overview

  • Fixed Rates: 3.50% – 6.74%
  • Variable Rates: 2.36% – 6.28%
  • Loan Repayment Terms: 5-20 years
  • Co-Signer Option
  • No origination or prepayment fees
  • Includes career services, entrepreneur program, and free events
  • You must be employed or have a job offer within 90 days
  • You graduated from a Title IV accredited university or graduate program
  • Undergraduate and graduate loans
  • Federal loans and private loans

DRB members save $20,200 on average when refinancing their student loans.

Only takes 2 minutes

DRB Overview

  • Fixed Rates: 4.20% – 7.20%
  • Variable Rates: 3.64% – 6.29%
  • Loan Repayment Terms: 5-20 years
  • Co-Signer Option
  • No origination or prepayment fees
  • Medical residents and fellows pay only $100/month during residency, fellowship, and 6 months after
  • You graduated from a Title IV accredited university or graduate program
  • Undergraduate and graduate loans
  • Federal loans and private loans

LendKey members save $15,270 on average when refinancing their student loans.

Only takes 2 minutes

LendKey Overview

  • Fixed Rates: As low as 3.28%
  • Variable Rates: As low as 2.21%
  • Loan Repayment Terms: 5-20 years
  • Co-Signer Option
  • No origination fees
  • No prepayment penalties
  • You must be employed or have a job offer within 90 days
  • Over 2,200 schools and degree programs are eligible
  • Unemployment protection for up to 18 months
  • Repay 10% of your loan by the time you enter the repayment period and your interest rate will drop 1% APR
  • Undergraduate and graduate loans
  • Federal loans and private loans

CollegeAve members can choose an interest only payment plan for the first two years when refinancing their student loans.

Only takes 2 minutes

CollegeAve Overview

  • Fixed Rates: 5.74% – 11.85%
  • Variable Rates: 2.96% – 9.35%
  • Loan Repayment Terms: 5, 10, 12, 15
  • Co-Signer Option
  • No origination fees
  • No prepayment penalties
  • Choose your own loan terms (number of years for repayment)
  • Undergraduate and graduate loans
  • Federal loans and private loans