Whether you need to make a big purchase, consolidate your debt,1 or cover an unexpected expense, we have smart borrowing options to help you meet your financial goals.
KeyBank Personal Loan
Bring your plans to life.
KeyBank Loans and Lines of Credit
1of3
KeyBank Preferred Credit Line
Large, no-collateral credit line you can access with checks or online
- No annual fee
- No collateral
- Borrow up to your credit limit, repay, then borrow again
-
Variable, principal plus interest
Payments -
$500 to $25,0002
Line of credit amount -
Yes
Continuous access to available credit
- Fixed rates you can budget around
- Low interest
- Flexible terms with up to 84 months to pay2
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Fixed monthly
Payments -
$2,0002
Minimum Loan Amount -
No
Continuous access to available credit
- Fixed rates
- Same-day loan decision
-
Fixed monthly
Payments -
$5,0002
Minimum Loan Amount -
No
Continuous access to available credit
Why Borrow With Key?
- Competitive interest rates
With competitive rates and a variety of flexible terms, you’ll find a loan or line of credit to meet your individual needs.
- Keep track of your finances more easily
Consolidate high-interest debt1 and take advantage of a lower interest rate and one simple loan to manage.
- Fast and easy access to money
Whether you choose funds availability on the same day,3 a loan or line of credit with no collateral required, flexible terms, or flexible payment options, we have an option for you.
- Secure online and mobile banking
Sign on for 24/7 account access to make payments, transfer money, check balances, and view your statements online.4
- Key Financial Wellness Review®
An experienced banker will help you see where your finances stand and show you how to reach your financial goals. Schedule an appointment.
- Relationship Rates and Benefits
Earn a 0.75% interest rate relationship discount when you Bank with Key, plus a 0.25% interest rate discount when you sign up for automatic payments from a KeyBank checking account.5
All credit products are subject to credit approval.
To apply, you must:
- Be 18 years of age or older
- Have a valid Social Security number
- Live within the following states: AK, CO, CT, ID, IN, MA, ME, MI, NY, OH, OR, PA, UT, VT, or WA
- Agree to provide additional personal and business information, if requested, such as tax returns and financial statements
- Certify that all information submitted in the application is true and correct
- Authorize the bank and/or a credit bureau to investigate the information on the application
1
Savings vary based on rate and term of your existing and refinanced loan(s). Refinancing to a longer term may lower your monthly payments, but may also increase the total interest paid over the life of the loan. Refinancing to a shorter term may increase your monthly payments, but may lower the total interest paid over the life of the loan. Review your loan documentation for total cost of your refinanced loan.
2
The actual rate and payment amounts may vary and is determined by the product, term, loan amount and your credit qualifications.
Representative example of repayments terms for an unsecured personal loan: For $12,000 borrowed over 36 months at 12.75% APR, the monthly payment is $403. This example is an estimate only and assumes all payments are made on time. For loan terms greater than 60 months, you must meet additional credit requirements and KeyBank will add 0.25% to the stated APR.
3
Funds may be available as fast as same business day of application under the following conditions: (1) the product is a KeyBank Personal Loan or a KeyBank Secured Personal Loan; (2) certain underwriting criteria are met including, but not limited to, credit score; (3) loan funding does not require third-party payoff(s); (4) funds are deposited directly into a KeyBank account; and (5) complete loan signing by 2:00 p.m. ET on a day that the bank is open for business. Income verification may be required, which may delay availability of funds. Additional conditions may apply. All credit products are subject to credit approval and other program terms.
4
Subject to terms and conditions in Service Agreement.
5
The quoted Annual Percentage Rate ("APR") includes two separate discounts totaling 1.00%.
A 0.25% interest rate discount for electing, prior to loan closing, to have the monthly payment automatically deducted from a KeyBank checking account ("Auto-Pay"). Standard checking account service charges may apply. If you choose not to enroll in Auto-Pay, the associated discount will not be applied. The Auto-Pay interest rate discount may be combined with the KeyBank Relationship Banking discount.
Additionally, the quoted APR includes a 0.75% interest rate discount for relationship benefits. To receive relationship benefits on a new KeyBank personal loan, you must have owned a Relationship Account at any time during the loan application process. The 0.75% interest rate discount is permanent and will be reflected in the interest rate on the Promissory Note.
"Relationship Account" means an open and unrestricted (A) "Eligible KeyBank Consumer Checking Account" with five (5) or more Qualifying Transactions posted to a single Eligible KeyBank Consumer Checking Account in a calendar month, which may not be aggregated across other accounts you own, or (B) Key Private Bank Checking or Key Private Bank Personal Checking account.
An "Eligible KeyBank Consumer Checking Account" means: any KeyBank consumer checking account designated as a personal checking account by KeyBank, including KeyBank's Hassle-Free checking account, but excluding a health savings account.
"Qualifying Transactions" include, but are not limited to, point of sale transactions, bill payment(s), ATM transactions, check, cash or direct deposits, and electronic funds transfers. Qualifying Transactions exclude adjustments, advances, reversals, refunds, account-to-account transfers, person-to-person transfers, interest, service charges, and service fees. Qualifying Transactions must be completed at least four days prior to application to be eligible for inclusion in determining whether you met the "Relationship Account" portion of the "Bank with Key" criteria.
