We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.

KeyBank personal loans review

Last updated:  

Borrow up to $50,000 with both secured and unsecured options, but beware of prepayment penalties.

  • Best for current account holders looking for high amounts and long terms.
  • Pick something else if you don’t live in an eligible state or want to avoid prepayment penalties.


Max. Loan Amount

8.34% to 14.89%



Product NameKeyBank Personal Loans
Min. Loan Amount$5,000
Max. Loan Amount$50,000
APR8.34% to 14.89%
Interest Rate TypeFixed
Minimum Loan Term1 year
Maximum Loan Term7 years

Expert review

Kellye Guinan

Review by

Kellye Guinan is a writer and editor with Finder and has years of experience in academic writing and research. Between her passion for books and her love of language, she works on creating stories and volunteering her time on worthy causes. She lives in the woods and likes to find new bug friends in between reading just a little too much nonfiction.

Expert review

KeyBank personal loans are ideal if you’re a current account holder and unsure whether you want an unsecured or secured loan — it offers both. You can borrow up to $50,000 with terms as long as seven years — on the higher end compared to other lenders.

But KeyBank only works with residents of 15 states, so you’ll need to look elsewhere if yours doesn’t make the list. You also might be charged a $150 prepayment penalty if you wanted to pay back your loan early to save on interest — rare for a personal loan provider.

Not sold on KeyBank? Compare your other options below.

First, am I eligible?

While KeyBank doesn’t list a credit score range or minimum income for its personal loan applicants, you’ll still need to meet the following requirements:

  • Have a KeyBank checking or savings account.
  • Reside in a state serviced by KeyBank.
  • Be at least 18 years old.

Where does KeyBank offer loans?

KeyBank offer personal loans to residents of the following states:

  • Alaska
  • Colorado
  • Connecticut
  • Idaho
  • Indiana
  • Massachusetts
  • Maine
  • Michigan
  • New York
  • Ohio
  • Oregon
  • Pennsylvania
  • Utah
  • Vermont
  • Washington


  • Borrow up to $50,000
  • No origination fee
  • Secured and unsecured options
  • Loan terms up to seven years
  • 0.25% autopay discount


  • $150 prepayment penalty
  • Need an appointment for larger loans
  • Must have a KeyBank checking or savings account
  • Limited state availability

Compare other personal loan providers

Updated December 13th, 2019
Name Product Filter Values APR Min. Credit Score Max. Loan Amount
Credible Personal Loans
5.95% to 35.99%
Fair to excellent credit
Get personalized rates in minutes and then choose an offer from a selection of top online lenders.
Fiona Personal Loans
3.84% to 35.99%
Good to excellent credit
Get loan offers from multiple lenders at once without affecting your credit score.
Upgrade Personal Loans*
6.98% to 35.89%
Affordable loans with two simple repayment terms and no prepayment penalties.
Even Financial Personal Loans
3.84% to 35.99%
Get connected to competitive loan offers instantly from top online consumer lenders.
NetCredit Personal Loans
34% to 155% (Varies by state)
No minimum
Check eligibility in minutes and get a personalized quote without affecting your credit score.
Monevo Personal Loans
3.99% to 35.99%
Quickly compare multiple online lenders with competitive rates depending on your credit.
PenFed Credit Union Personal Loans
6.49% to 17.99%
With over 80 years of lending experience, this credit union offers personal loans for a variety of expenses.
LendingClub Personal Loan
6.95% to 35.89%
A peer-to-peer lender offering fair rates based on your credit score.
SoFi Personal Loan Fixed Rate (with Autopay)
5.99% to 17.88%
A highly-rated lender with competitive rates, high loan amounts and no fees.

Compare up to 4 providers

How do I apply?

Unsecured and secured loans have different application processes to follow when you apply.

Secured loans

To apply for a secured loan from KeyBank, you’ll need to schedule an appointment at a local branch to discuss your funding options. To find a branch near you:

  1. Visit the KeyBank site and click Products. Select Loans & Mortgages, and then click Compare Personal Loans & Lines of Credit.
  2. Click KeyBank Secured Personal Loan, and then hit Schedule an Appointment to be redirected to a local map.
  3. Enter your city and state or your ZIP code.
  4. Select the branch you would like to visit.
  5. Fill out the contact form with your name, email, any comments you have and select if you’re a current client.
  6. Choose an available appointment slot and click Schedule It to finish.

Unsecured loans

You can apply for an unsecured loan completely online. Follow these steps to get started:

  1. Visit the KeyBank website and click Products. Select Loans & Mortgages, and then click Compare Personal Loans & Lines of Credit.
  2. Click KeyBank Unsecured Personal Loan, and then hit Apply Now to start the application process.
  3. Log in with your current account information or start a new application.
  4. Fill out the form with your personal and employment information.
  5. If applying with a coapplicant, provide their information.
  6. Submit your application for processing.

What information do I need to apply?

When you’re ready to apply, make sure you have these pieces of information close at hand:

  • Social Security number or TIN
  • List of debts
  • Proof of income
  • Proof of assets

How to apply step-by-step with screenshots

What happens after I apply?

After you apply, KeyBank will process your application and return to you with an approval decision. You may be able to receive your funds the same day you apply if you meet certain criteria, including finalizing the loan before 2 p.m. ET.

How do repayments work with KeyBank?

Both secured and unsecured loans from KeyBank have fixed monthly payments that stay the same throughout the life of your loan.

If you can, sign up for automatic payments to score a 0.25% discount off your interest rate. Although it seems small, it can reduce your interest by hundreds of dollars in the long run. And while you can pay your loan off early, KeyBank charges a $150 penalty fee if you do so within the first 18 months.

Keep an eye on your bank account and loan balance. If you notice anything off, visit your local branch or call 800-539-2968 to speak with a KeyBank customer service rep 24/7.

KeyBank has a few other loan options if a personal loan doesn’t quite fit your needs. Or see how it stacks up to other lenders with our guide to personal loans.

Frequently asked questions

Image Source: shutterstock and key.com

Ask an expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use and Privacy and Cookies Policy.


  1. Default Gravatar
    July 8, 2019

    How do I get a loan with my insurance company document?

    • Avatarfinder Customer Care
      July 8, 2019

      Hi Dave,

      Thanks for getting in touch with Finder. I hope all is well with you. 😃

      Lenders accept many forms of collateral and this may include insurance policies. However, in most cases, you can only borrow against permanent or whole life insurance policy.

      Using your insurance policy could increase your chance of getting approved for a loan application. However, if you intend to apply for a loan from KeyBank, they don’t require you to use a collateral. You may also speak with them directly to obtain more information about their loans.

      If you are in the process of getting a loan, please make sure that you’ve read the relevant T&Cs or PDS of the loan products before making a decision. Moreover, check the eligibility requirements as well and consider whether the product is right for you.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!


Go to site