LendKey - Private Student Loan Program
LendKey is a leading lending technology company that gives credit unions of all sizes the ability to digitally market, instant decision, and originate unsecured consumer loans.
LendKey helps you launch, scale, and optimize your consumer lending with our digital lending-as-a-service platform. Create your online loan offerings based on your risk policy, underwriting guidelines, and pricing, or join our proprietary participation network to mitigate risk.
With our turnkey solution, you also receive marketing support, compliance assistance, balance sheet management, and digital servicing to efficiently grow your business and serve your memberships.
Private student loans allow you to diversify your portfolio and grow your business with younger members at the beginning of their credit journey for a potential lifetime of borrowing. Student loan refinancing and consolidation provides immediate cashflow and serves your membership base by helping manage debt with the potential to lower their rate.
To learn more about how these products may benefit your credit union, please feel free to contact us at email@example.com
Private Student Loan Benefits
$10 billion annual market opportunity
750 average credit score
91%+ of loans are co-signed
40% serialization rate (returning borrower)
Create relationship with members early in life for a potential lifetime of lending
Includes all LendKey balance sheet options: full, partial, or no balance sheet
Student Loan Refinancing Benefits
- $200 billion annual market opportunity
- 765 average credit score
- Create relationship with members early in life for future cross-selling opportunities
- Includes all LendKey balance sheet options: full, partial, or no balance sheet
- Engage with members to help them manage debt