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Refer-a-Friend Program

Divide. Share. Get paid.

It’s that simple. You can earn up to $400 for each friend you refer when they refinance a student loan or finance a personal loan with us.

As of 3/29/2021, referrers must have log in credentials for Laurel Road’s Online Banking in order to participate in our Referral Program. A log in credential is created during the application process for a Laurel Road product or can be created at any time if you have an existing Laurel Road product.

Divide

Decide how much of the referral bonus to give to your friend and how much to keep for yourself.

Share

Copy your referral link and share with your friends and family.

Get Paid

If your referral is approved and they close their loan – you get paid!

Student Loan Refinancing1

Help your friends and family refinance their student loans.

You can earn up to $400 for each friend you refer when they refinance a student loan with us
(up to 10 referrals per year).

Get Started

Personal Loan2

Help your friends and family finance a personal loan.

You can earn up to $400 for each friend you refer when they finance a personal loan with us
(up to 10 referrals per year).

Get Started

Disclaimers

1. Laurel Road Student Loan Referral Program Rules

OFFER AND ELIGIBILITY

  • As of 3/29/2021, referrers must have a log in credential for Laurel Road’s Online Banking in order to participate in Laurel Road’s Referral Program. A log in credential is created during the application process for a Laurel Road product or can be created at any time if you have an existing Laurel Road product.
  • Laurel Road, a brand of KeyBank National Association (hereinafter referred to as “Laurel Road” “we”, “us” or “our”, ) offers Laurel Road customers the opportunity to participate in a reward-based program to refer friends and family to apply for a Laurel Road Student Refinance Loan (the “Referral Program”).
  • We will provide a “reward” of $400 for each new Qualifying Referral (as defined below), which, at the option of the referrer may be split between the referrer and the referred borrower. Any amount to be paid to the referred borrower will be determined by the referrer prior to sharing his/her personal referral link with the referred borrower.
  • Participating referrers may receive up to ten (10) rewards per calendar year for Qualifying Referrals. An individual must have a log in credential for Laurel Road’s Online Banking to participate. A person with log in credentials is defined as a person who passes the identity verification phase/ login for a Laurel Road account.
  • By participating in the Referral Program, individuals agree to adhere to the terms and conditions specified within these “Program Rules”. We reserve the right to disqualify any individual from participation in the Referral Program if he or she does not comply with any of these Program Rules. Further we reserve the right to modify or amend these Program Rules and the Referral Program, including the termination of said program at any time, for any reason.

QUALIFYING REFERRALS

Only Qualifying Referrals are eligible for a reward. To qualify, a referral must meet the following conditions:

  • The referred borrower must refinance his/her student loan(s) with Laurel Road into a new loan.
  • A referral cannot be made for existing Laurel Road customers or applicants. We must be made aware of the referral by either the referred borrower or the referrer during the application process. Referrals made after the loan has closed are ineligible for reward.
  • Referred borrowers can only be referred by one person.
  • Referrals must be made through the Laurel Road website. Please contact us at (855)245-0989 (TDD/TTY: (800) 539-8336), if assistance or accommodations are needed.
  • Our Referral program rewards cannot be combined with any partner monetary bonus. Eligible borrowers can combine the referral bonus with a partner rate discount, the auto payment discount, and/or our linked savings discount.
  • Referrals made through one of our partners or affiliates are not eligible for rewards under this Referral Program.
  • Employees of KeyBank National Association are ineligible to participate in the Referral Program.

DISTRIBUTION OF REFERRAL LINK

  • By participating, each referrer agrees to only share his/her personal referral link with family and friends.
  • Referrers additionally agree not to solicit applications for Laurel Road loans and agree not to compensate or accept any compensation from referred borrowers in connection with referrals.
  • Bulk distribution or promotion of a referral link by means of automated system, script or macro, or through any manner that would constitute or appear to constitute unsolicited telemarketing, commercial email or spam (in our sole discretion) is expressly prohibited and may be grounds for immediate termination of the Referrer’s account, deactivation of the referral link, and disqualification from the Referral Program.
  • Each referrer is responsible for complying with any applicable laws including federal, state or local telemarketing or anti-spam laws when distributing his/her referral link.

PAYMENT OF REWARDS

  • All rewards for referrals are subject to verification. We may delay payment of a reward for the purposes of investigation and refuse to process any reward related to a referral transaction we deem to be fraudulent, suspicious, or in violation of these Program Rules.
  • In order to receive a reward payment, referrers will need to provide us with their legal name, address (for those receiving payment by check) and Social Security Number. If we do not have this information, we will reach out to the referrer to obtain it and no reward payment will be made until we have it. No third parties outside of the referrer and the referred borrower may receive referral payments.
  • Notwithstanding the above, payment for a verified reward will be distributed within 45 days of the referred borrower’s loan closing.
  • Note, we will only pay one referral payment per borrower, regardless of when or how many loans are refinanced by the borrower.

TAX CONSIDERATIONS

  • An individual’s participation in the Referral Program may result in miscellaneous income and we may be required to send you, and file with the IRS, a Form 1099-MISC (Miscellaneous Income). You are responsible for any tax liability related to participating in the Referral Program. Please consult your tax advisor if you have any questions about your personal tax situation.

2. Laurel Road Personal Loan Referral Program Rules

OFFER AND ELIGIBILITY

  • As of 3/29/2021, referrers must have a log in credential for Laurel Road’s Online Banking in order to participate in Laurel Road’s Referral Program. A log in credential is created during the application process for a Laurel Road product or can be created at any time if you have an existing Laurel Road product.
  • Laurel Road, a brand of KeyBank National Association (hereinafter referred to as “Laurel Road” “we”, “us” or “our”, ) offers Laurel Road customers the opportunity to participate in a reward-based program to refer friends and family to apply for a Laurel Road Personal Loan (the “Referral Program”).
  • We will provide a “reward” of $400 for each new Qualifying Referral (as defined below), which, at the option of the referrer may be split between the referrer and the referred borrower. Any amount to be paid to the referred borrower will be determined by the referrer prior to sharing his/her personal referral link with the referred borrower.
  • Participating rreferrers may receive up to ten (10) rewards per calendar year for Qualifying Referrals. An individual must have a log in credential for Laurel Road’s Online Banking to participate. A person with log in credentials is defined as a person who passes the identity verification phase/ login for a Laurel Road account.
  • By participating in the Referral Program, individuals agree to adhere to the terms and conditions specified within these “Program Rules”. We reserve the right to disqualify any individual from participation in the Referral Program if he or she does not comply with any of these Program Rules. Further we reserve the right to modify or amend these Program Rules and the Referral Program, including the termination of said program at any time, for any reason.

QUALIFYING REFERRALS

Only Qualifying Referrals are eligible for a reward. To qualify, a referral must meet the following conditions:

  • The referred borrower must close a new personal loan with Laurel Road.
  • A referral cannot be made for existing Laurel Road customers or applicants. We must be made aware of the referral by either the referred borrower or the referrer during the application process. Referrals made after the loan has closed are ineligible for reward.
  • Referred borrowers can only be referred by one person.
  • Referrals must be made through the Laurel Road website. Please contact us at (855)245-0989 (TDD/TTY: (800) 539-8336), if assistance or accommodations are needed.
  • Our Referral program rewards cannot be combined with any partner monetary bonus. Eligible borrowers can combine the referral bonus with a partner rate discount and/or the auto payment discount.
  • Referrals made through one of our partners or affiliates are not eligible for rewards under this Referral Program.
  • Employees of KeyBank National Association are ineligible to participate in the Referral Program.

DISTRIBUTION OF REFERRAL LINK

  • By participating, each referrer agrees to only share his/her personal referral link with family and friends.
  • Referrers additionally agree not to solicit applications for Laurel Road loans and agree not to compensate or accept any compensation from referred borrowers in connection with referrals.
  • Bulk distribution or promotion of a referral link by means of automated system, script or macro, or through any manner that would constitute or appear to constitute unsolicited telemarketing, commercial email or spam (in our sole discretion) is expressly prohibited and may be grounds for immediate termination of the Referrer’s account, deactivation of the referral link, and disqualification from the Referral Program.
  • Each referrer is responsible for complying with any applicable laws including federal, state or local telemarketing or anti-spam laws when distributing his/her referral link.

PAYMENT OF REWARDS

  • All rewards for referrals are subject to verification. We may delay payment of a reward for the purposes of investigation and refuse to process any reward related to a referral transaction we deem to be fraudulent, suspicious, or in violation of these Program Rules.
  • In order to receive a reward payment, referrers will need to provide us with their legal name, address (for those receiving payment by check) and Social Security Number. If we do not have this information, we will reach out to the referrer to obtain it and no reward payment will be made until we have it. No third parties outside of the referrer and the referred borrower may receive referral payments.
  • Notwithstanding the above, payment for a verified reward will be distributed within 120 days of the referred borrower’s loan closing.
  • Note, we will only pay one referral payment per borrower, regardless of when or how many loans are refinanced by the borrower.

TAX CONSIDERATIONS

  • An individual’s participation in the Referral Program may result in miscellaneous income and we may be required to send you, and file with the IRS, a Form 1099-MISC (Miscellaneous Income). You are responsible for any tax liability related to participating in the Referral Program. Please consult your tax advisor if you have any questions about your personal tax situation.