LendKey Student Loans vs CommonBond Student Loans

LendKey is a good option for customer service. How does it compare to CommonBond? Read our comparison chart below.

LendKey connects borrowers with a network of community banks and credit unions to get the best rates. Lendkey's lenders offer both private student loans and refinancing & consolidation services. Many lenders offer the option to make interest-only payments during the first four years. Each lender has its own minimum loan and salary requirement.

While CommonBond is a student loan refinance provider focused on community. It has a strong community that hosts networking events and career assistance. In addition, it has a social mission to fund the education of global students in need. CommonBond offers both fixed and variable rate loans, as well as a hybrid loan. Minimum $5,000 in loans to be eligible.

Compare LendKey with CommonBond, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

	LendKey Student Loans	CommonBond Student Loans
	SPECIAL OFFER Refinance Student Loans - Learn More Read LendKey Review	SPECIAL OFFER Refinance Student Loans - Learn More Read CommonBond Review
	Benefits and Features
Variable APR	2.51%-7.51% (with AutoPay)	2.43% to 6.59% (with AutoPay)
Fixed APR	3.49%-7.54% (with AutoPay)	3.49% to 8.07% (with AutoPay)
Minimum Amount	$7,500	$5,000
Maximum Amount	$300,000	Up to $500,000
Loan Term	5 to 20 years	5 to 20 years; Hybrid loans are 5 years of fixed payments and 5 years of variable payments
State Residency	Most states except: ME, ND, NV, RI, and WV	All states eligible
Degree Requirements	Bachelor's or higher	Associates or higher
Income Requirements	$24,000	None
Employment Requirements	Must be employed	Must be employed or have an offer
Interest Only Payments	Yes for the first 4 years	No
Origination Fees	None	None
Prepayment Penalty	None	None
Can use a cosigner	Yes	Yes
Can release a cosigner	Yes	Yes
Auto-Pay Interest Rate Reduction	Yes	Yes
Soft Credit Check	Yes	Yes
Unemployment Protection	Yes	Yes
	CreditDonkey® Reviews
Customer Service
Loan Term
Ease of Use
Interest Rates
Payment Flexibility
Pros & Cons	Pros: Offer interest rate reduction beyond auto-debit reduction Excellent customer service Return policy within 30 days you can return your loan Cons: Cumbersome application process Lack of transparency regarding loan documents	Pros: Hybrid program Quick process - once approved funds will pay your loans within 2 weeks Cons: Your state eligibility may restrict options Long process to approval
Bottom Line	Good option for customer service... Read full review	Good if you want to switch between variable and fixed rates... Read full review
	Refinance Student Loans	Refinance Student Loans
What Others View	SoFi Earnest
LendKey: Pricing information from published website as of 11/15/2018 CommonBond: Pricing information from published website as of 6/19/2019

Which is Better: LendKey or CommonBond?

Still need help deciding which student loans is better? Read the in-depth reviews below. You may also be interested in comparing LendKey or SoFi.

In short: LendKey's customer service is outstanding. CommonBond's ease of use and payment flexibility are notable. In particular, the payment flexibility is excellent.

Articles on LendKey Student Loans

LendKey
Saving thousands of dollars on your student loans sounds perfect, and that's just what LendKey promises. Is it the real deal, though?
• LendKey vs SoFi
• LendKey vs Earnest

Articles on CommonBond Student Loans

CommonBond Reviews
CommonBond offers competitive rates for student loan refinance along with a strong social mission. Is it right for you? See the pros and cons.

Which Do You Think is Best?

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