Secured Personal Loan Info
In essence, the secured personal loan is designed for those who are borrowing for the first time, want to use an asset as collateral, or have a poor FICO score.
With this option, you receive a lump sum of money to make a major purchase, finance a special event, take that dream vacation or whatever you prefer.
The main advantages of this secured credit are several. In principle, you are given flexible conditions to pay back the money, the interest rate does not change, you can manage it using online banking, get the funds the same day and secure it by contracting a savings account, investment account or through a CD.
We remind you that if you do not have the automatic payment activated, they will add 0.25% to the agreed interest rate.
As for the requirements to obtain the KeyBank secured loan, you will need:
- Age of majority (+18)
- Certify that the information registered in the application is true.
- Be a resident of one of the following states: Arkansas, Colorado, Connecticut, Idaho, Indiana, Massachusetts, Maine, Michigan, New York, Ohio, Oregon, Pennsylvania, Utah, Vermont or Washington.
- Agree to provide additional personal or business information if requested.
- Authorize KeyBank and/or one of the credit bureaus to investigate the information you have provided.
Although the KeyBank secured loan is not prequalified, you can opt for more than the stated limit to meet your financial needs. And if you want to compare other options on the market, you have the Busconomico database to choose wisely.
Español: Préstamo personal asegurado de KeyBank