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

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

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