Key Bank Personal Loans

KeyBank, a large bank-based financial services company, offers an array of personal finance products to cater to different kinds of customers and their various requirements. It is easily available from variable rates to fixed interest rates and usually come with the payment protection feature.

The Details – When to Choose What?

Key Bank offers unsecured and secured loans as well as personal lines of credit. Besides it also offers two specialized products – Overdraft protection and KeyProtect for its account holders.

Unsecured Personal Loan

The biggest advantage is that you do not require collateral to secure your borrowing.


Another advantage is the fixed rate of interest, which makes your monthly payment extremely convenient and well within your control.

Unsecured loans are a better option than most credit cards because of the lower interest rates and flexible payment terms. As a result, it seems a good idea to consolidate high-interest credit card debts with an unsecured loan.

The rate of interest may change from one state to another.

The states where bank gives unsecured loans are available are Alaska, Colorado, Idaho, Indiana, Michigan, Ohio, Oregon, Utah, Washington, New York, Maine and Vermont.

The minimum loan amount is $5,000. Same day approval is possible provided the application meets credit requirements. Moreover, payment funds can be transferred online as well.

Secured Personal Loan

Secured Personal loans make sense when you are in need of a big sum of money all at once.

KeyBank allows you to apply for a higher loan amount if you can provide sufficient collateral to back the loaned amount.

This is the biggest drawback of this loan type; however, it makes you eligible for an instant personal loan with possibly a lower interest rate and convenient payment terms.

It can also be a good option for people with bad credit or those borrowing for the first time.

The rates can be fixed or floating, but the payments are generally fixed for the term of the loan. Other features include same day approval, online statement and fund transfer, and online banking and payment protection facilities.

Personal Lines of Credit

A personal line of credit gives you the benefits of an unsecured personal loan with an added advantage of a revolving line of credit.

Funds are available to you quickly and conveniently as and when you need them by check, Gold MasterCard, or online transfer.

You can meet all your day-to-day cash requirements with one low consolidated payment.

You also have the option to link your personal line of credit to your KeyBank checking account as a means for overdraft protection, though the bank offers a separate overdraft protection plan.

An overview of personal lending solution

Read on to get an overview of the differences between the secured, unsecured, and other kinds of lines of credit options.

There is a comparison of the common features of the three different types of financing options available at KeyBank.

FeaturesUnsecuredSecuredLines of Credit
CollateralNot RequiredRequiredNot Required
Interest RatesFixedFixedVariable
PaymentFixed MonthlyFixed MonthlyOne Consolidated Payment
Minimum Loan Amount$5,000$5,000$5,000
Maximum Loan AmountNot DisclosedNot Disclosed$30,000
Payment ProtectionYesYesYes
Online BankingYesYesYes

Customer support contact

It can now become easy to choose a loan product depending upon the present financial circumstances. Once decided upon what exactly fits your need, you can call KeyBank representative to get more information or visit its website to apply online. The phone number of customer service is 888-539-1234.

Apply personal loans at other lenders:-

  1. Loans up to $5,000 at
  2. Freedom Financial Network:- Get fixed-rate loans with personalized rates and terms.
  3. Payoff:- A way to Pay off Credit Cards
  4. LendingPoint:- Apply for a Personal Loan up to $20,000 at!
  5. - Get up to $1000 in Your Bank Account

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