Home Improvement Loan Program

Home improvement loans are an alternative financing source to a home equity loan, credit card or personal unsecured loan. LendKey national network of contractors promote the loans and feed traffic to your brand. Over $60M in home improvement loans have been deployed on behalf of LendKey’s lender partners. 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)
Recorded Webinar
Case Study

Jim Hindenach
LendKey Technologies, Inc.
Senior Executive

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