KeyBank Preferred Credit Line
in Personal Lines of Credit from KeyBank National AssociationUnaffiliated
|APR (Variable APR)||9.24% - 24.24%|
|Loan Amount||$250 - $50,000|
KeyBank Preferred Credit Line Review
KeyBank Preferred Credit Line is offered by KeyBank National Association, a bank founded in 1929 and based in Cleveland, OH. KeyBank Preferred Credit Line is offered in 15 states across the USA.
What APRs does KeyBank Preferred Credit Line offer?
KeyBank Preferred Credit Line offers a variable APR product that ranges from 9.24% APR up to 24.24% APR.
Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.
Does KeyBank Preferred Credit Line charge an origination fee?
No, KeyBank Preferred Credit Line does not charge an origination fee.
An origination fee is what some lenders charge for processing, underwriting, and funding a line of credit. These fees can range from 0.5% to 5% of the line of credit amount. Whenever possible, go with lenders that don’t charge origination fees.
Does KeyBank Preferred Credit Line charge a cash advance fee?Yes, KeyBank Preferred Credit Line may charge a fee of up to 10% of the amount of each cash advance. .
Does KeyBank Preferred Credit Line charge a late fee?Yes, KeyBank Preferred Credit Line may charge borrowers a late payment fee of up to $35 .
How much can you borrow via KeyBank Preferred Credit Line?
Upon approval and based on your credit worthiness, your KeyBank Preferred Credit Line personal line of credit will be assigned a credit line of at least $250 and as much as $50,000. .
|Cash Advance Fee||up to $10.|
|Late Payment Fee||$35|
What do you need to qualify for KeyBank Preferred Credit Line?
KeyBank Preferred Credit Line does not require or does not disclose a credit score minimum. The minimum age to be eligible is 18 or the state minimum, whichever is higher.
KeyBank Preferred Credit Line does not have or does not disclose a minimum annual income eligibility requirement. KeyBank Preferred Credit Line only considers borrowers who are employed.
The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via KeyBank Preferred Credit Line. Their rates fall within the limits of The Military Lending Act.
Only U.S. citizens and permanent residents can apply for a loan.
To qualify, applicants may need to provide the following documentation:
- Applicants must have an active and valid checking account
- Driver's license
- Proof of identity
What is the estimated funding time for a personal line of credit via KeyBank Preferred Credit Line?
KeyBank Preferred Credit Line will typically provide a credit approval decision in less than an hour and fund the line of credit within 7 business days .
Does KeyBank Preferred Credit Line report your account activity to credit bureaus?
KeyBank Preferred Credit Line reports your account activity to the following credit reporting agencies:
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit score.
How to apply for KeyBank Preferred Credit Line
- Visit the KeyBank National Association website.
- Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, annual income, and source of employment.
- Check the information is accurate and submit your application.
- New York
|No Origination Fee|
|No Prepayment Fee|
|Late Fee Amount||$35|
|Cash Advance Fee (%)||Up to 10%|
|Immigration Status Considered||
|Bank Account Required|
|Employment Statuses Considered||
|Joint Loan Applications Accepted||
|Verification Documents Required||
|Loan Amount||$250 - $50K|
|APR (Variable APR)||9.24% - 24.24%|