Unsecured Personal Loan
With lower rates, you may get out of debt faster.1
Today's rates as low as APR.2,3
- Consolidate debt, cover large expenses, and more.4
- Receive approval in 1 – 3 days, and payment as soon as the same day.5
- Lock in fixed rates for convenient budgeting.
- Estimate your monthly payment.
Overview
| Interest Rate | Fixed, as low as APR2,3 |
|---|---|
| Loan Amount | Minimum $2,000, maximum $100,000 |
| Repayment Term | Up to 84 months6 |
| Origination Fee |
$0 |
| Collateral Needed | No |
Estimate your monthly payment.
Rates based on 44114 ZIP code |
Estimating your payment.
We'll quickly estimate your monthly payment based on the ZIP code, loan amount and term length you enter.
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment, financial, or legal advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek peronalized advice from qualified professionals regarding all personal financial issues. Calculators do not include the fees and restrictions that certain products may have. Please visit the applicable banking product pages on key.com for specific terms and conditions, or visit any KeyBank branch discuss what products may be appropriate for you.
Features
KeyBank unsecured personal loans can be great for debt consolidation1; unexpected expenses, including medical bills and car repairs; or major life events, like weddings or moving expenses.
- No Fees: No origination fee, no application fee, and no prepayment fee
- Fixed Interest Rate: Interest rates vary depending on loan amount and location. Your rate is fixed after enrollment.
- Manage Online: Access your loan statements, check your balance, and make payments in online and mobile banking.7,8
- Flexible Payment Options: Several term lengths available with ability to lower interest rate.
- Get Funds Fast: Approval in just 1-3 business days, and funds can be available as soon as the same day.5
Application Process for an Unsecured Personal Loan
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
Frequently Asked Questions
An unsecured personal loan does not require collateral, meaning you don't have to use any assets as security for the loan. Instead, the loan approval is based on factors like your creditworthiness and income. A secured personal loan requires collateral, such as a title to an ATV, jet ski, snow mobile, tractor; a KeyBank CD or Savings Account, or a Key Investment Services (KIS) account.
Unsecured personal loans don't require collateral, so you don't risk losing any assets if you're unable to repay. They provide flexibility in terms of loan purposes, and the funds can be used for various personal needs. Unsecured personal loans can help build or improve your credit score if you make timely repayments.
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.
The rates shown are as of , and subject to change without notice. Your Annual Percentage Rate (APR) will be based on the amount of credit requested, loan term and your creditworthiness. The lowest rate available assumes excellent credit history.
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.
All credit products are subject to credit approval. Income verification, such as pay stubs, tax returns, or personal financial statements, may be needed based on your qualifications. You do not have to disclose income from alimony, child support, or other maintenance unless you want to consider it for obtaining this loan.
Funds may be available as fast as same business day of application under the following conditions: (1) certain underwriting criteria are met including, but not limited to, credit score; (2) loan funding does not require third-party payoff(s); (3) funds are deposited directly into a KeyBank account; and (4) 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.
The actual rate and payment amount may vary and is determined by the product, term, loan amount and your credit qualifications.
Representative example of repayment terms for an unsecured personal loan: For $12,000 borrowed over 36 months at 11.99% APR, the monthly payment is $398.51. 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.
Subject to terms and conditions in Service Agreement.
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