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.
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LendKey Student Loans | CommonBond Student Loans | |
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Refinance Student Loans - | Refinance Student Loans - | |
Benefits and Features | ||
Variable APR | 4.44% – 8.09% APR (with AutoPay) | |
Fixed APR | 4.49% – 7.74% APR (with AutoPay) | |
Minimum Amount | ||
Maximum Amount | ||
Loan Term | ||
State Residency | Most states except: ME, ND, NV, RI, and WV | Most states with the exception of: MI and NV |
Degree Requirements | ||
Income Requirements | ||
Employment Requirements | Must be employed or have an offer | |
Interest Only Payments | ||
Origination Fees | ||
Prepayment Penalty | ||
Can Use a Cosigner | ||
Can Release a Cosigner | ||
Auto-Pay Interest Rate Reduction | ||
Soft Credit Check | ||
Unemployment Protection | ||
CreditDonkey® Reviews | ||
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Customer Service | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Loan Term | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Ease of Use | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Interest Rates | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Payment Flexibility | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Pros & Cons | Pros:
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Bottom Line | Good option for customer service... | Community-focused lender with unique hybrid rate option... |
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Terms Apply. | ||
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 Earnest.
In short: LendKey's customer service is worth mentioning. CommonBond's ease of use and payment flexibility are notable. In particular, the payment flexibility is excellent.