NBKC Bank vs Ally Bank

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.