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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 LoansCommonBond Student Loans
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LendKey Student Loans

CommonBond Student Loans

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Refinance Student Loans - Learn More

Read LendKey Review

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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 ResidencyMost 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

 LendKey Student LoansCommonBond Student Loans
Customer Service
Loan Term
Ease of Use
Interest Rates
Payment Flexibility
Pros & ConsPros:
  • 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 LineGood option for customer service... Read full reviewGood if you want to switch between variable and fixed rates... Read full review
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Refinance Student Loans

Refinance Student Loans

What Others View

    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


    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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    About CreditDonkey®
    CreditDonkey is a student loan comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

    Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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