Home Improvement Loan
Fixed-rate, no-collateral loan for home updates and repairs.
Whether it’s for a new roof, replacing the furnace, or that dream kitchen, a KeyBank home improvement loan can provide you with the funds you need. Use this quick and simple loan to fix up your home, without using your home’s equity or credit cards.
Overview
| Interest Rate |
Fixed interest rate |
|---|---|
| Loan Amount |
Starting at $5,000 |
| Term | Up to 84 months1 |
| Flexible Payment Options |
Yes |
| Origination Fee |
$0 |
| Collateral Needed |
No |
| Manage in Online Banking |
Yes |
Features
- Competitive interest rates
- Flexible terms up to 84 months1
- Funds can be available as soon as the same day2
- No equity, collateral, home appraisal, or third-party inspections needed
- No origination fee
- Sign your loan documents easily and securely online with E-Sign3
- Manage your loan in online and mobile banking
All credit products are subject to credit approval.
The actual rate and payment amount may vary and is determined by the product, term, loan amount and your credit qualifications.
Representative example of repayments terms for a home improvement loan: For $20,000 borrowed over 60 months at 11.80% APR, the monthly payment is $442.87. This example is an estimate only and assumes all payments are made on time. If the loan is paid off in the first 18 months, there will be a $150.00 penalty fee assessed unless the loan term is 18 months or less. For loan terms greater than 60 months, you must meet additional credit requirements and KeyBank will add 0.25% to the stated APR.
To apply for a Home Improvement Loan, you must:
- Be 18 years of age or older
- Have a valid Social Security number
- 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
Funds may be available as fast as same business day of application under the following conditions: (1) certain underwriting criteria are met including, but not limited to, credit score; (2) loan funding does not require third-party payoff(s); (3) funds are deposited directly into a KeyBank account; and (4) 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.
E-Sign is only available for applications submitted at a KeyBank branch. E-Sign is not available for online applications.
