SoFi vs. LendKey: Picking the Better Refinance Company
SoFi and LendKey both offer excellent interest rates on their student loan refinance product. Each lender also offers unique features that will appeal to some borrowers.
Rank | Lender | Interest_Rates_ | Loan_Amounts____ |
---|---|---|---|
1 | ![]() | 3.94%* – 9.99% | $5,000 – No Max |
Splash Financial Review: Splash has competitive rates, but they start slightly higher than the top lenders. Splash also offers unique 8 and 12 year repayment terms. | Application + Up to $500 Bonus | ||
2 | ![]() | 4.86% – 8.44% | $10,000 – No Max |
ELFI Review: ELFI routinely offers excellent interest rates. Even though ELFI is new, it is the product of a regional bank that has been in business for decades. | Application + $150 Bonus | ||
3 | ![]() | 4.49% – 9.99% | $5,000 – No Max |
SoFi Review: SoFi is the biggest name in student loan refinancing for a simple reason – their rates are reliably among the best on the market. | Application | ||
4 | ![]() | 4.29% – 9.73%^ | $5,000 – No Max |
Earnest Review: The rates advertised by Earnest are among the best, but in head to head comparisons, Earnest often falls short in actual rates offered. Earnest scores points because it has by far the most flexibility on loan repayment length. | Application + $150 Bonus^ | ||
5 | ![]() | 4.68% – 9.12% | $5,000 – $300,000 |
LendKey Review: LendKey partners with local banks and credit unions to provide their loans. The end result is competitive rates provided by local reputable businesses. | Application + $150 Bonus |
Note: The lowest listed rate for each lender is listed as an APR (Annual Percentage Rate) with all discounts available. The industry standard among nearly all lenders is to offer a .25% autopay discount. Listed rate for SoFi is Fixed Rate APR.
Click here for the full list of national lenders and reviews.
Methodology: Learn how these rankings are generated.
SoFi and LendKey both offer excellent interest rates on their student loan refinance product. Each lender also offers unique features that will appeal to some borrowers.
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