Student Loan Refinancing

Student loan refinancing and consolidating can provide an immediate cash flow and attractive annual net return. These loans help you attract and develop lasting relationships with millennials and families looking to reduce college debt. Join lenders that are running and growing their digital loan businesses without having to build their own platforms. LendKey helps credit unions grow their consumer loan portfolio, mitigate risk, build customer relationships, and manage their portfolios.

The Lending Opportunity

  • $200+ billion market opportunity of creditworthy borrowers
  • Average borrower graduates with $35k in student loan debt
  • Loan proceeds disbursed directly to lenders to pay off existing student debt
  • Opportunities to cross-sell other products to a customer that is typically entering their peak borrowing years.

The Borrower and Loan

  • Average FICO of 759
  • 46.2% are cosigned
  • 5.8% gross yield
  • Fixed-rate terms (5, 7, 10, and 15 year) and variable rate terms (5, 7, 10, 15, and 20 year) available
  • Educational loans - not dischargeable in bankruptcy
  • Grow loan volume through your customer base of access loan participations diversified across the country 

Learn More Today

Contact:
Jim Hindenach
LendKey Technologies, Inc.
Senior Executive
203-257-8726
jim.hindenach@lendkey.com