How to Apply for KeyBank Personal Loan
Learn the process of a successful loan application with KeyBank and discover the bank's primary eligibility criteria for a $50,000 loan.
KeyBank: A Top Choice for Personal Loans
KeyBank is a leading financial institution offering secured and unsecured loans in 15 states. With loan amounts ranging from $2,000 to $50,000 and competitive interest rates, KeyBank’s personal loans provide borrowers with attractive options.
Meeting the Requirements for KeyBank Personal Loans
Similar to other banks and credit unions, KeyBank considers your credit score as a key factor in the loan application process. To increase your chances of approval and secure a favorable interest rate, it is recommended to have a credit score of at least 680. Additionally, KeyBank requires a minimum annual income of $12,000 and a debt-to-income ratio of 40% or less. For secured loans, the condition of the collateral asset will also be taken into account.
Applying for a KeyBank Personal Loan
Applying for a KeyBank personal loan is a straightforward process that can be completed entirely online. Alternatively, you may choose to apply at a KeyBank branch or via phone, with documentation sent through mail. To apply online:
- Visit KeyBank’s website and navigate to the “Loans” tab.
- Select “Personal Loans” and choose between secured and unsecured options.
- Provide personal information, including name, address, Social Security number, and employment status.
- Enter details about the loan purpose, desired amount, and preferred term.
- Review and accept the loan’s terms and conditions.
After submitting your application, KeyBank will review it and notify you of the decision. If approved, you will receive the loan agreement, which must be signed and returned. Once the signed agreement is received, funds will be deposited into your account within a few business days.
Discover Axos Bank: Another Low-Interest Option
If you’re looking for an alternative to KeyBank, consider Axos Bank. This digital bank offers a range of personal loan options to cater to different financial needs. The Express Personal Loan, Direct Deposit Loan, and Auto Refinance Loan are tailored to specific situations, with loan amounts ranging from $6,000 to $35,000 and repayment terms from 6 to 60 months.
Axos Bank also provides benefits such as a 0.25% interest rate discount for clients who set up automatic payments from their Axos Bank account. Clients enjoy flexible repayment terms, competitive interest rates, no prepayment fees, and funds available within 2 days. Axos Bank also offers a preapproval list, which may provide clients with a designated borrowing amount.
Applying for an Axos Bank Personal Loan
If you’re interested in the advantages of an Axos Bank personal loan, simply click the green button below to access the requirements and step-by-step guide for your application.
