Savings vary based on rate and term of your existing and refinanced loan(s). Refinancing to a longer term may lower your monthly payments, but may also increase the total interest paid over the life of the loan. Refinancing to a shorter term may increase your monthly payments, but may lower the total interest paid over the life of the loan. Review your loan documentation for total cost of your refinanced loan.
Please refer to specific tài khoản disclosures for details. The actual rate and payment amount may vary and is determined by the product, term, loan amount and your credit qualifications.
As an example, if you were to borrow $25,000 for 60 months and qualify for Key's as-low-as rate of 5.99% APR (as of 9/21/2021), within our lowest price market, your monthly payment would be $483.20. The APR may vary based on the state of residence. The APR charged by KeyBank across Key's footprint (OH, IN, MI, PA, NY, MA, CT, VT, ME, CO, ID, UT, WA, OR, AK) includes a 0.25% discount for electing to have the monthly payment automatically deducted from a KeyBank checking or savings tài khoản. Normal checking or savings tài khoản service charges apply. For loan terms greater than 60 months, you must meet additional credit requirements and KeyBank will add 0.25% to the stated APR.
As an example, if you were to borrow $25,000 for 60 months and qualify for Key's as-low-as rate of 6.47% APR (as of 5/12/2022), your monthly payment would be $488.80. The APR may vary based on the state of residence. The 6.47% APR is a market average APR charged by KeyBank across Key's footprint (OH, IN, MI, PA, NY, MA, CT, VT, ME, CO, ID, UT, WA, OR, AK) and includes a 0.25% discount for electing to have the monthly payment automatically deducted from a KeyBank checking or savings tài khoản.
To qualify for the "as low as" APR: 1) the term of the loan must be between 12-60 months; 2) the loan amount must be $25,000 or greater; 3) you must have an excellent credit profile, including a minimum FICO score of 780 or higher; and 4) automatic payment deductions from a KeyBank checking or savings tài khoản must be established. Rates are accurate as of 9/21/21.
Funds may be available as fast as same business day of application under the following conditions: (1) the product is a KeyBank Personal Loan or a KeyBank Secured Personal Loan; (2) certain underwriting criteria are met including, but not limited to, credit score; (3) loan funding does not require third-party payoff(s); (4) funds are deposited directly into a KeyBank tài khoản; and (5) complete loan signing by 2:00 p.m. ET on a day that the bank is open for business. Income verification may be required, which may delay availability of funds. Additional conditions may apply. All credit products are subject to credit approval and other program terms.
All credit products are subject to credit approval.
To apply, you must:
- 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 statements
- Certify that all information submitted in the application is true and correct
- Authorize the bank and/or a credit bureau to investigate the information on the application