KeyBank Review

Is this the loan company for you?

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  • Loan could fund quickly
  • Interest rate discount for ACH


  • Loans not available in every state
  • Fees for paying the loan off early

What You Need to Know

KeyBank personal loans could fund the same business day you apply. To ensure your money transfers the same day you must, have the funds deposited into a KeyBank account. You must also complete all the documentation and the loan before 2 p.m. EST on a business day. If you do not meet the criteria, your loan will fund another day.

There is a 0.25 percent interest rate discount for signing up for automatic payments. To get the discount, you must have the payments withdrawn from a KeyBank account. The interest rates listed include the discount. If you do not plan to pay automatically from a KeyBank account, your rate will be 0.25 percent higher.

KeyBank does not offer lending options in every state. If you live in the following states, you can apply for a loan.

Personal loans with KeyBank have a prepayment fee. If your loan is 18-months or longer, you cannot pay your loan off in those first 18-months. If you do, there is a fee of $150. Loans longer than 60-months have other requirements you must meet. If you do not meet those requirements, your interest rate increase by 0.25 percent.

Qualifications to Apply for KeyBank Loans

Useful Information About KeyBank Loans

Additional Relevant Information

KeyBank does not charge an origination fee. The amount you are approved for is the amount of money you receive. You will not have to use part of the loan amount to cover origination fees.

History and Achievements

KeyBank started in 1825, in Albany, New York. Over the years they have received awards for:

Today KeyBank headquarters are in Cleveland, Ohio. They have assets over $143 billion. They have 1,100 branch locations in 15 states with over 1,400 ATMs. They employ more than 17,000 workers.

Frequently Asked Questions

Can I apply for a loan entirely online?

Yes. You can only apply for loans less than $50,000 online. For loans higher than $50,000, visit a branch location.

What is the lowest my credit score can be?

KeyBank does not have a set minimum credit score. Approval depends on a credit check.

What is the smallest loan amount available?

The minimum KeyBank loan amount is $5,000.

What is the largest loan amount available?

The maximum loan amount you can apply for online is $50,000. To apply for a personal loan larger than $50,000, you must visit a branch location.

What are the loan term lengths?

The loan terms range from 12 to 84-months.

Are the interest rates competitive?

Yes. KeyBank offers competitive interest rates for their unsecured personal loans. The interest rate you receive varies depending on your qualifications.

Are the interest rates fixed?

Yes. KeyBank loans have fixed interest rates for the life of the loan.

What types of loans are available?

KeyBank offers personal secured and unsecured loans. They offer lines of credit, auto, and student loans. You can use unsecured personal loans for debt consolidation or medical expenses. You can also use this money for care repairs, weddings, or a vacation.

What information do I need to apply for a loan?

KeyBank needs your address, birthday, phone number, and a valid email address. They will need to verify your income, SSN, employment, and credit history. Other information may be necessary to complete the application.

How long does approval take?

Approval may take up to five to seven business days.

How long will it take the money to enter my account after approval?

If the money transfers into a KeyBank account, you could receive the funds the same business day. Other criteria must be met to receive those funds the same day. Otherwise, the money may take a few business days to transfer to your account.

If I have been denied a loan before, how long do I have to wait to apply again?

KeyBank does not have a set amount of time you must wait before you reapply for a personal loan.

What are the payment options to repay my loan?

KeyBank offers an interest rate discount of 0.25 for automatic withdrawals. The payments must come from a KeyBank account to receive the discount. Other ways to pay include over the phone, online, at a branch location, or sending in a check. These ways do not have fees, but you will not receive the interest discount.

Can I pay my loan off early?

KeyBank has a prepayment fee if you pay your loan off within the first 18-months. The fee is $150. This fee applies for loans with terms longer than 18-months.

Is my information secure?

KeyBank encrypts your personal information. You can set alerts on your account to notify you of suspicious activity.

Does this loan company offer a mobile app?

Yes. KeyBank offers a mobile app. You can access your lending account through the app.

How do I contact customer service?

Reach customer service through phone, email, or online chat. You can also visit a branch location. Customers can follow KeyBank on Facebook, Instagram, LinkedIn, Twitter, and YouTube.

Bank Contact Information