Home Improvement Loan Program

With access to LendKey’s nationwide network of vetted contractors, and creditworthy borrowers—home improvement loans through LendKey provide an attractive lending opportunity. As a NJCUL member, the costs to get started are WAIVED ($5,000 value)! Not a NJCUL member? Find out how to get your credit union started today!

The Lending Opportunity
• Purchase loan participations in 10% increments as an alternative to low yield investments
• First-loss credit default insurance protection option1
• Generate attractive risk-adjusted returns on average of 6.00% net2
• $300 billion annual market opportunity
• All contractors are managed and vetted prior to marketing home improvement loans

The Borrower & Loan
• 755 average credit score
• Own their home with $90k+ average household income
• Unsecured closed-end loan, fixed rates between 6.49% and 12% APR
• Loan size: $5k to $50k with terms 3 to 15 years

Interested in Learning More?
• Platform Cost: Waived for NJCUL Members ($5,000 Value)
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1Managing general agent for insurance providers is DGU
2Indicative of LendKey client portfolio and assumes all costs, including insurance, and does not include lender cost-of-funds