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KeyBank Personal Loans Calculator & Overview

Carla Soto
Updated 10 Aug 2023
Fact checked

KeyBank or KeyCorp logo

KeyBank or KeyCorp was formed in 1994, and is headquartered in Cleveland, Ohio. With $171 billion in assets, it is one of the largest banks in the United States. They have a full suite of productss, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards.

There are times when you might face a situation when you urgently need money. A personal loan from KeyBank can be a practical financing option for you. Want to get an idea of your potential monthly payments could be? Get started by using the KeyBank personal loans calculator.

Personal loans have an annual percentage rate (APR) varying from around 3% to 36% APR. The interest rates you can receive will depend on a range of factors, such as your credit score, income, and debt-to-income ratio. On a loan of $10,000 over 5 years, the cost could vary between $10,781 and $21,680. The interest cost is between $781 and $11,680.

Personal loans from KeyBank in a nutshell

Personal loans from KeyBank can be used to pay for almost anything. Common uses for personal loans include debt consolidation, home improvements and large purchases, but they can also be used for college costs, down payments, or investing.

Read on to find out about the key features and benefits of a KeyBank personal loan:

  • Loan amounts: $2,000 minimum
  • Terms: 84 months maximum
  • Interest rates: from 7.49% to 17.44% APR
  • Manage in online banking: yes

Requirements for a KeyBank personal loan

Here are the criteria you must meet to apply for a KeyBank personal loan:

  • Be 18 years of age or older
  • Live within the following states: AK, CO, CT, ID, IN, MA, ME, MI, NY, OH, OR, PA, UT, VT, or WA
  • Agree to provide additional personal and business information, if requested, such as tax returns and financial statement
  • Authorize the bank and/or a credit bureau to verify the information on the application

 

KeyBank personal loan calculator

Loan Amount

$20,000

Term

3 months

KeyBank

KeyBank personal loans ($20,000.00-$24,999.99)

Estimated Month Repayments
Interest Rate
9.04%
APR
Repayment Period
12 months
to 84 months
Loan Amounts
$20,000
to $24,999
Combine higher interest debt into one simple loan.1 Consolidation can put you in control by making your debt easier to manage, saving you time and money.2 This loan is flexible, so you can use it for just about anything. Applying is easy-online or in branch-and you could even have your money as soon as the same day.

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Minimum and maximum loan periods vary between 1 month and 10 years. Annual Percent Rates (APR) vary between 4.99% and 35.99% p.a. Total interest repayments vary between $592 and $916 over the life of the loan. *APR is based on an unsecured loan of $20,000 over a term of 3 years. WARNING: This APR is true only for the examples and may not include all charges. Different terms, fees or loan amounts might result in a different APR. These rates can change without further notice.

Pros and cons of a KeyBank personal loan

Pros

  • No origination fee
  • No prepayment penalty
  • Funds can be available as soon as the same day
  • Flexible terms up to 84 months
  • Fixed interest rate
  • No collateral required

Cons

  • Applicants with lower credit score might find it difficult to secure a loan
  • For loan terms greater than 60 months, you must meet additional credit requirements
  • KeyBank adds 0.25% to the stated APR if repayment term is more than 5 years

Frequently asked questions

How much can I borrow from KeyBank?

You can borrow a minimum amount of $2,000.

What are the repayment terms for a KeyBank personal loan?

A personal loan from KeyBank can be repaid for a period of up to 84 months.

What is the interest rate for a KeyBank personal loan?

Potential interest rates for a personal loan range from 7.49% to 17.44%.

How soon will the money be disbursed to my account?

If approved, funds for a personal loan from KeyBank can be available as soon as the same business day.

What are the standard payback periods for a personal loan from KeyBank?

Typical personal loan payback periods range from 12 to 84 months and are based on the amount you borrow, the purpose of the loan, and whether the loan is unsecured or secured by some type of collateral.

How can I pay my loan off faster?

There are several ways to pay your Keybank personal loan off quicker: increase your monthly payments, make an additional payment each year, or refinance your loan to a shorter term.

Will a low credit score affect the approval of my KeyBank personal loan?

Your credit score reveals your ability to manage your finances and make your payments. It can influence the approval of your loan application from KeyBank as well as the interest rate you qualify for.


Video: “Beyond Banking” – KeyBank opens doors

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Carla Soto
Carla Soto

Carla is a skilled copywriter at BestFind with a background in marketing and communications. She specializes in reviewing personal loan and finance products to help readers navigate the complex world of personal finance.

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