Loan products at Key Bank are broadly targeted for individuals, small businesses and corporate clients. There are so many lending products for customers to choose from according to their income, status and financial needs and goals. Let us see what loans are being offered to whom.
Key’s loans for Individuals include auto loans, boat loans, home equity loans and credit lines, mortgages, student loans, overdraft protection and personal lines of credit. We now discuss these separately.
Auto loans: This loan facility is a for people who wish to buy a new or old vehicle or even refinance an existing auto loan which is offered at affordable rates.
Boat loans: Are extended to individuals for personal use and for recreational projects, for which they can even decide what monthly payments they would be able to pay back.
Home equity loan: Is for people who wish to have a fixed rate loan and who want a one time finance help for a specific purpose. These loans are available at cheaper rates than those charged at other banks.
Mortgage loans at Key Bank: Are available for individuals who are longing to buy their dream house or those who are short of funds to build one and also for second time home buyers. These loans are extended at such low rates that any one could not even think about opting for some other bank’s loan.
Personal loans: Both secured and unsecured personal loans are available at the bank to help individuals meet their particular financial needs be it for marriage or the purchase of something.
Student loans: Are available at zero fees for students at all stages of their education, from k-12 to graduate and post graduate studies.
Business loans at Key Bank: Include business line of credit, business equity line, equipment financing, term loans, small business administration loans and so on; these are briefly discussed hereby.
• Business line of credit: Is a revolving credit business line that is extended to businesses so as to enable them to meet their dynamic cash flow requirements.
• Business equity line: To meet short term cash flow requirement, businesses can avail this equity line.
• Equipment financing: Businesses need heavy equipments for their set up and they can reserve cash and finance that equipment through Key Bank’s equipment financing.
• Term loans: These loans are designed for small businesses which may require finance for business expansion, consolidation of debt and so on.
• SBA loans: Are basically guaranteed loan programs for the day to day and long term finance needs of small businesses.
So much for the individual and small business lending, we now talk about the loans available to the corporate sector at Key Bank. Financing for the corporate clients include loans and lines, equipment financing, corporate loan syndications, asset based lending and tax exempted financing. Loans and lines for corporate clients help them run their ventures smoothly and at the same time meeting their cash reserve requirements. Tax exempted financing helps corporate clients to get financing that is free from any deductions of tax. Loans are designed to meet permanent financing needs including long term working capital, equipment financing and owner occupied property loans.
The Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally.
