KeyBank Personal Loan
Get out of debt faster with the help of lower rates.
Combine higher interest debt into one simple loan.1 Consolidation can put you in control by making your debt easier to manage, saving you time and money.2 This loan is flexible, so you can use it for just about anything. Applying is easy—online or in branch—and you could even have your money as soon as the same day.3
Up to 84 months4
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KeyBank personal loans can be great for debt consolidation; unexpected expenses, including medical bills and car repairs; or major life events, like weddings or dream vacations.
- Flexible terms up to 84 months4
- Fixed interest rate
- There's no collateral required, and no origination fee or prepayment penalty
- Funds can be available as soon as the same day3
- Sign your loan documents easily and securely online with E-Sign5
- Manage your loan in online and mobile banking
All credit products are subject to credit approval.
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.
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. For loan terms greater than 60 months, borrowers must meet additional credit requirements and KeyBank will add 0.25% to the stated APR.
As an example, if you were to borrow $25,000 for 60 months and qualify for Key's as-low-as rate of 5.99% APR (as of 9/21/2021), your monthly payment would be $483.20. The APR may vary based on the state of residence. The 5.99% APR is a market average APR charged by KeyBank across Key's footprint (OH, IN, MI, PA, NY, MA, CT, VT, ME, CO, ID, UT, WA, OR, AK) and includes a 0.25% discount for electing to have the monthly payment automatically deducted from a KeyBank checking or savings account.
To qualify for the "as low as" APR: 1) the term of the loan must be between 12-60 months; 2) the loan amount must be $25,000 or greater; 3) you must have an excellent credit profile, including a minimum FICO score of 780 or higher; and 4) automatic payment deductions from a KeyBank checking or savings account must be established. Rates are accurate as of 9/13/21.
E-Sign is only available for applications submitted at a KeyBank branch. E-Sign is not available for online applications.
To apply, you must:
- Be 18 years of age or older
- 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