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a pile of bills would feel a lot better if it wasn’t a pile.

debt consolidation can make getting out of debt doable.

Explore Options

With fewer bills to pay, juggling debt becomes a whole lot simpler. See how you can consolidate debt into one, easy-to-manage payment that fits your budget. Whether you do it with a loan, a credit card or by using home equity, debt consolidation could help you save money and pay down debt faster.

Benefits of Debt Consolidation

Rolling all your bills into one can make debt easier to manage and help save you money,1 so you keep more of what’s yours. Depending on details like the interest rate and repayment rules of your new loan, debt consolidation could help you:

  • Pay fewer bills each month. Combine multiple debts into one balance for fewer bills to juggle.
  • Shorten your repayment term. Save money by putting less toward interest rates and paying down the principal balance sooner.
  • Set a budget. Build a money plan around your bills and expenses.
  • Find a lower rate. Consolidate debt at a lower interest rate or get a low rate on a credit card balance transfer to save big on interest.
  • Work on your credit score. Making payments on time and avoiding taking on more debt are two things credit reporting agencies look at to determine credit scores.

How Do You Want to Consolidate Debt?

KeyBank Personal Loan

Get a .25% interest rate discount2 on a new unsecured personal loan with a fixed interest rate.

  • Improve your cash flow with flexible payment terms up to 84 months3
  • Lock in a lower, fixed interest rate and save on interest over time
  • Your funds may be available as soon as the same day4
  • There's no collateral required, and no origination fee or prepayment penalty
apply now rates & fees

KeyBank Latitude® Credit Card

0% intro APR for 15 months on eligible purchases and balance transfers.

  • After the promotional period, the APR will be 9.99% to 19.99% based on creditworthiness5
  • Manage your card easily and securely in KeyBank online and mobile banking
  • Opt in to view your FICO® Score anytime in online and mobile banking without impacting your credit score6
  • Contactless IconContactlessJust Tap and Go®
apply now rates & fees terms & conditions

Home Equity Loan

KeyBank clients can get a .25% interest rate discount7 8 when you consolidate debt by taking out a home equity loan.

  • Maximum loan amount determined by the equity you've accumulated
  • Fixed rate and payment to protect against rising interest rates
  • Set monthly payments for easy budgeting
apply now rates & fees

Home Equity Line of Credit

KeyBank clients can get a .25% interest rate discount7 8 when you consolidate debt by taking out a home equity line of credit.

  • Continuous access to credit, based on available equity
  • Low variable rates, with options to lock in fixed rates and payments
  • Flexible payment options including fixed and interest-only
apply now rates & fees

Mortgage Refinance

KeyBank clients can get a .25% interest rate discount7 8 when you consolidate debt by refinancing your mortgage.

  • Use a cash-out refinance to get money to pay off high-interest debt
  • Gain a lower interest rate or decrease your monthly mortgage payment
find a mortgage loan officertoday's rates

Explore All Your Options

Visit a branch to talk to us and have all your questions answered.

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NOTICE: This is not a commitment to lend or extend credit. Conditions and restrictions may apply. All home lending products, including mortgage, home equity loans and home equity lines of credit, are subject to credit and collateral approval. Not all home lending products are available in all states. Hazard insurance and, if applicable, flood insurance are required on collateral property. Actual rates, fees, and terms are based on those offered as of the date of application and are subject to change without notice.

NMLS# 399797

All credit products are subject to credit approval.

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

To receive the 0.25% interest rate discount, the borrower must be the owner on a KeyBank deposit account at the time of origination. Key to Key refinance is not eligible to receive the discount. Deposit account service charges apply.

3

As an example, if you were to borrow $20,000 for 84 months and qualify for Key’s as-low-as rate of 9.76% APR (as of 1/15/2021), your monthly payment would be $329.55. The APR may vary based on the state of residence. The 9.76% APR is an 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, plus 0.25% is added for electing a term greater than 60 months.

4

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.

5

The 0% introductory APR does not apply to cash advances and is valid for the first 15 billing cycles on purchases and balance transfers. Thereafter, the APR may vary. Currently the undiscounted variable APR for Purchases and Balance Transfers is 9.99% to 19.99% (depending on your creditworthiness). Balance transfers must be made within 60 days of account opening for introductory APR to apply. The variable APR for Cash Advances is 23.99%. Cash Advance fee: 4%, $10 minimum. Convenience Check fee: 3%, $10 minimum. Cash Equivalent fee: 4%, $10 minimum. Balance Transfer fee: 3%, $10 minimum. Overdraft Protection Transfer fee: $10. There is a $0.50 minimum finance charge where interest is due. Foreign Transaction fee: 3% of each foreign purchase transaction in U.S. dollars. Transactions originating in Canada are excluded from this fee. Refer to Terms & Conditions.

6

Clients with newly opened credit card accounts may not see their first FICO® Score in online and mobile banking for up to 90 days after enrollment. In certain circumstances, a FICO® Score may not be available for various reasons, e.g., having a limited credit history. FICO is a registered trademark of Fair Isaac Corporation in the United States and other countries.

7

To receive the 0.25% interest rate discount, borrower or members of borrower’s household must have an eligible checking AND savings account with KeyBank. A borrower’s household includes individuals and organizations that share an address and/or a familial or business relationship with the borrower. An eligible checking account includes those consumer deposit accounts designated as checking accounts by KeyBank or the KeyBank Hassle-Free Account®. An eligible savings account includes those consumer deposit accounts designated as savings accounts by KeyBank, health savings accounts, certificates of deposit, individual retirement accounts or investment accounts offered through Key Investment Services LLC (KIS).* A business checking or savings account where the borrower is designated as the business owner may also be eligible. Borrower may open eligible KeyBank accounts to qualify for the interest rate discount. Normal checking and savings account service charges apply. Refer to specific checking or savings account disclosures for details.

8

For fixed-rate mortgages and home equity loans, the 0.25% interest rate discount is a permanent rate reduction that will be reflected in the Promissory Note interest rate. For adjustable-rate mortgages, the 0.25% interest rate discount will apply to the initial fixed interest rate period and will be reflected in the maximum amount the interest rate can increase over the term of the loan, subject to the minimum interest rate that may be charged per the terms of the Promissory Note. For home equity lines of credit, the 0.25% interest rate discount will be applied to the margin, thereby reducing the applicable variable annual percentage rate (consisting of applicable index plus margin) for the duration of the line of credit. 

Interest rate discount may not be available for all products. May be combinable with other offers. Ask us for details.

For Home Equity Line of Credit:

Reimbursement of Lender Paid Costs: If you voluntarily close your line of credit within 36 months of the date you sign the agreement, you will reimburse KeyBank for bona fide fees it paid to third parties on your behalf in connection with the account opening and as provided in your Agreement.

For Home Equity Loan:

Reimbursement of Lender Paid Costs: If you voluntarily prepay your loan in full within 36 months of the closing date, you will reimburse KeyBank for bona fide fees it paid to third parties on your behalf in connection with the loan closing and as provided in your Promissory Note.

To apply for the Home Equity Line of Credit, Home Equity Loan or Personal Loan, you must: (1) Be 18 years of age or older; (2) Agree to provide additional personal and business information, if requested, such as tax returns and financial statements; (3) Certify that all information submitted in the application is true and correct; and (4) Authorize the bank/and or credit bureau to investigate the information on the application. Home Equity Line of Credit applications must live within any one of the United States except the following: AL, DC, or TX. For subject property outside of AK, CO, CT, ID, IN, MA, ME, MI, NY, OH, OR, PA, UT, VT, or WA call 1-888-KEY-0018 (1-888-539-0018) for product information or to submit an application. For Home Equity Loan or Personal Loan applicants must live within the following states: AK, CO, CT, ID, IN, MA, ME, MI, NY, OH, OR, PA, UT, VT, or WA.

*

Investment products offered through Key Investment Services LLC (KIS), member FINRA/SIPC and SEC-registered investment advisor. KIS is affiliated with KeyBank National Association (KeyBank).

Investment products made available through KIS are:

NOT FDIC INSURED NOT BANK GUARANTEED MAY LOSE VALUE NOT A DEPOSIT NOT INSURED BY ANY FEDERAL OR STATE GOVERNMENT AGENCY

KIS and KeyBank are separate entities, and when you buy or sell securities you are doing business with KIS and not KeyBank.