KeyBank Personal Loans

KeyBank has one of the lowest interest rates and is the most preferred bank for home loans or even personal loans. Their loan rates are affordable, thus owning a house becomes a dream-come-true with KeyBank. It can be one of the best banks for bigger financing needs as you would save on interest rates.


Presently, KeyBank charges an APR of 7.89%, which is undoubtedly the lowest as compared to all the major players in the industry. The maximum loan amount that can be borrowed is $19,999. So whether you are looking to finance a new computer, or want to plan your dream vacation with your family, personal loans can be of great help.

Personal Loans and Lines of Credit

KeyBank offers several options of personal loan and line of credit. Some of them are as follows:

Preferred Credit Line

It is an unsecured line of credit that allows you quick access to funds. It offers overdraft protection, thus helping you to manage your monthly payments by offering one low consolidated payment. The amounts range from $5,000 up to $50,000.

KeyBasic Credit Line

It provides overdraft protection for checking accounts and an instant access to funds. It has a variable rate of interest with amounts ranging from as low as $250 to as high as $5,000.

Unsecured Personal Loans

You need not have any collateral in order to be eligible for this loan. The loan amount starts from $5,000. It has a fixed rate of interest thus ensuring a fixed monthly payment too.

Secured Personal Loans

They are disbursed as one-time funds for specific purpose. They are offered at fixed rates enabling you to have fixed monthly payments. Customers can score as much as $15,000 reward points and redeem the same as per their wants.

Where KeyBank Does Well?

The bank has well-qualified and well-trained professionals. They have the expertise of dealing with customers and their queries. The staff welcomes customers’ questions with a smile and make it a point to answer all financial doubts.

The bank has impressive options of loans. So, if you have more than one requirement, they are sure to fulfill all of them. You can avail personal line of credit up to $50,000 and use the funds for any of your personal work.

Customers can link their checking account to their loan account and ensure that they do not miss their monthly payments. They also have an auto-debit feature, through which all your payments will be debited each month automatically. Its entire team has thorough knowledge about the banking industry and offer the best possible customer service.

Where KeyBank Falls Short?

Customers have experienced that the bank’s service is quite slow as compared to the other banks around. The turn-around time taken is a little too much, thus making the customer wait for several weeks.

The bank has stringent rules with regard to minimum balance. Customers are not explained the terms and conditions of the same in advance, thus resulting into a communication barrier between the bank and the customer.

Loan approval depends on your previous credit history. The bank might increase its interest rates, if you have a poor credit. Thus, the bank might charge an unreasonable rate of interest with less-than-ideal terms if you have a bad credit.

The Final Say

Keeping in mind its interest rates and customer service, KeyBank undoubtedly strives for attaining customer satisfaction. If favorable terms and rates are on your mind, this might be one the best banks to avail your personal loan.

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