Key Bank Logo
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1 User Review
LAST UPDATED: April 23rd, 2021
Key Bank started in 1825 but they are definitely not old fashion. Their company offers new technology like Apple Pay for their mobile banking. They also have options for all your banking needs like savings, CDs, loans, investing, insurance, and rewards programs. They have many account options and have excellent loan calculators for your vehicle loan. Key Bank has over 1,000 branches in 31 states.

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The Good

  • Flexible terms
  • Financial tools
  • High loan cap

Great Services

Key Bank auto loans provide flexible terms, quick approval, and convenient online access. Their website is programmed with a payment calculator so when you view their interest rates you can personalize the payments to your individual plan. Its very simple, you enter your loan amount, term, credit rating, and purchase type - your monthly payments and APR are laid out conveniently for you.


  • No mileage limit
  • Loans from $5,000 up to $25,000
  • Fixed rate loan
  • Free application
  • Extended term length 24 months up to 72 months
  • Reward points offered for opening a new auto loan
  • Go Green bonus

Go Green Bonus

Our favorite part is the Go Green bonus. You can receive .25 percent off the standard APR when you purchase a qualifying fuel-efficient vehicle. This program will also enroll you in paperless billing. So if you're getting a fuel-efficient car, this might be the place for you. Key Bank also has a convenient online application with quick response. Not only can you apply for your auto loan online, but Key Bank is also willing to provide loans for boats, and recreational vehicles.

The Bad

  • Various fees
  • No free credit score
  • Lack of transparency


Key Bank has a free application; however, if you accept a loan offer from them you're looking at a $125 origination fee. They also do not offer a free credit score check. Another thing to keep in mind, Key Bank offers an online payment calculator that calculates your monthly payments based off your agreed term. However, this program makes it so you can't see your monthly payments displayed for each term option. It just makes it harder to compare your potential payments. Also, Key Bank doesn't have the best customer service ratings and they don't offer online customer service features. That being said, customer service won't affect your APR so that might not be as important to you.

Lack of Transparency

Another issue we have with Key Bank is the lack of transparency on their website. Customers should be provided with pertinent information before applying while they are shopping around for the right company for their needs. It also makes it difficult for our team to rank their services compared to other companies in the industry. We would like to see Key Bank provide information regarding term lengths for used cars, mileage limits, early-pay penalty fees, and bad credit loan options.

The Bottom Line

We would recommend Key Bank as a reliable source for an auto loan. With flexible term options you can find a loan at Key Bank that fits your financial schedule. We don't like the origination fee or the lack of transparency, but they make up for it with the Go Green auto loan that helps you save money on your APR.
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