NBKC Bank vs Ally Bank

Kalicia Bateman
Kalicia Bateman | Contributor
Ally and NBKC have similarities in what they offer borrowers. Both are online banks with similar application and loan servicing processes. Both keep websites up-to-date with helpful loan calculators and sample APRs consistent with market trends. 

NBKC gives a discount for its lender fees for Costco members with an Executive, Gold Star, or Business membership status. Ally gives a $500 discount for existing Ally members with a checking account, savings account, auto loan, or existing home loan. 

The main difference between the two companies is the loan types offered. While both lenders offer fixed-rate loans, ARMs, and Jumbo loans, NBKC also offers government-backed FHA loans and VA loans. FHA loans require less out-of-pocket cash than conventional loans and don't require excellent credit. VA loans are for qualified U.S. veterans and service members and do not require a down payment.  
NBKC Bank logo verified_user
#3 NBKC Bank
9.6 Overall Score
4.9
star star star star star_half
(413)
Ally Bank logo
#139 Ally Bank Insufficient Reviews
0.0
star_border star_border star_border star_border star_border
(0)

Overview

NBKC Bank

Minimum Down Payment for Conventional Loan

Undisclosed

Minimum Credit Score Accepted

Approx. 620

Time in Business

22 Years

Ally Bank

Undisclosed

Undisclosed

12 Years

Ratings

NBKC Bank

Overall Score
9.6 of 10
Review Score
4.9
star star star star star_half
Value for Money
4.8
star star star star star_half
Quality of Product or Service
4.8
star star star star star_half
Company Trustworthiness
4.8
star star star star star_half
Likely to Recommend
9.4 of 10

Ally Bank

2.9 of 10
0.0
star_border star_border star_border star_border star_border
0.0
star_border star_border star_border star_border star_border
0.0
star_border star_border star_border star_border star_border
0.0
star_border star_border star_border star_border star_border
0.0 of 10

Reviews

NBKC Bank

Number of Reviews
413
Review Breakdown
4.9
star star star star star_half
5 star
95%
4 star
3%
3 star
1%
2 star
0%
1 star
1%

Ally Bank

0
0.0
star_border star_border star_border star_border star_border

Reviews for NBKC Bank

Helpful Favorable Review

star star star star star

Memogo Chula Vista, CA

This review is long overdue. We refinanced back in April of 2020 and it’s the second time we go with Jay A. Jay is the whole package: friendly, professional, very knowledge and always available. He is the best! It’s because of him that we keep coming back to NBKC. Thank you Jay!

4 months ago

Helpful Critical Review

star star star_border star_border star_border

Stepho Connolly Kansas City, MO

Pros: Online system is easy to understand and intuitive, can communicate via email with loan originator over email, appraisal came back quickly. Cons: Does not have the most competitive rates or fees and could not match competitor rates, refused to transfer appraisal we paid for giving a BS excuse then when we pointed out it was indeed possible said he didn’t want to spend any more time on a loan he wasn’t going to close. So in summary, will never use this company to close in the future. Doesn’t have best rates nor best customer service.

1 year ago

Reviews for Ally Bank

Helpful Favorable Review

None Available

Helpful Critical Review

None Available

The Final Word

In addition to FHA loans and VA loans, NBKC offers HELOC (home equity line of credit) for consumers looking for that financial solution. And NBKC has brick and mortar branches for face-to-face service in Kansas and Missouri while Ally has none. Finally, NBKC is the #1 ranked company according to customer reviews. All things considered, NBKC is the better choice for mortgages. 

Top Choice

NBKC Bank Logo
NBKC Bank

Other Featured Comparisons

LendingTree

vs

Quicken Loans

View Comparison

Quicken Loans

vs

Wells Fargo

View Comparison

We're on a mission to empower consumers to make the best decisions and connect confidently with companies that deserve their business.

© 2021 BestCompany.com LLC - All rights reserved Privacy Policy | Terms | Do Not Sell My Personal Information