The Laurel Road Difference
Online Application
Complete the entire process online from home at your pace
Low Rates
Fixed APRs across different terms
Autopay Discount
Eligible for discount of 0.25% when monthly payments are made automatically from a bank account1
Easy access to funds
Money disbursed directly into your bank account
Calculate Your Payments
The calculated payments are only an estimate. Your actual payments will depend on the actual amount for which you are approved. Eligibility and rates offered will depend on your credit profile and other factors. Rates in the above table include a 0.25% discount for making automatic payments from a bank account.1
Eligibility and rates offered will depend on your credit profile and other factors. Rates in the above table include a 0.25% discount for making automatic payments from a bank account.1 View Payment Examples Below.
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Learn About Consolidating Your Debt
If you’re one of the many who carry various debts or a heavy overall debt load, consolidation is one of the most consequential actions you can take to get control of your debt and attack it head on.
Disclaimers
All credit products subject to credit approval
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AutoPay/EFT Discount: if the borrower chooses to make monthly payments automatically by electronic fund transfer (EFT) from a bank account, the interest rate will decrease by 0.25% and will increase back if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the borrower’s bank account. The discount will be reflected in your monthly payment.
Payment Examples
Assumptions: Repayment examples above assume a loan amount of $10,000 with repayment beginning immediately following disbursement. Repayment examples do not include the 0.25% AutoPay Discount.
| Fixed Rate Loans | |||||
| Term | Interest Rate | APR | No. of Payments | Monthly Payment | Total Payments |
| 3 Year | 8.26% – 20.32% | 8.26% – 20.32% | 36 | $315 - $374 | $11,340 - $13,464 |
| 4 Year | 9.42% - 21.71% | 9.42% - 21.71% | 48 | $251 - $314 | $12,048 - $15,072 |
| 5 Year | 10.36% - 22.81% | 10.36% - 22.81% | 60 | $215 - $281 | $12,900 - $16,860 |
Annual Percentage Rate (“APR”): This term represents the actual cost of financing to the borrower over the life of the loan expressed as a yearly rate.
Interest Rate: A simple annual rate that is applied to an unpaid balance.
KEYBANK NATIONAL ASSOCIATION RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.
This information is current as of June 27, 2021. Information and rates are subject to change without notice.
PERSONAL LOAN – RATE DETAILS, TERMS AND CONDITIONS
FEE INFORMATION
There are no origination fees or prepayment penalties associated with the loan. Lender may assess a late fee if any part of a payment is not received within 15 days of the payment due date. Any late fee assessed shall not exceed 5% of the late payment or $28, whichever is less. A borrower may be charged $20 for any payment (including a check or an electronic payment) that is returned unpaid due to non-sufficient funds (NSF) or a closed account.
LOAN AMOUNT
Minimum loan amount of $5,000. Maximum amount of $35,000 for loan purposes of Auto Purchase, Business, Green Loan, Moving Expenses, and Other. Maximum loan amount of $45,000 for loan purposes of Debt Consolidation, Major Purchase, and Home Improvement. Additional proof of use documentation is required to be eligible for loan amounts in excess of $35,000.
ELIGIBILITY
Borrower, and Co-signer if applicable, must be a U.S. Citizen or Permanent Resident with a valid I-551 card (which must show a minimum of 10 years between “Resident Since” date and “Card Expires” date or has no expiration date); state that they are of at least borrowing age in the state of residence at the time of application; and meet Lender underwriting criteria (including, for example, employment, debt-to-income, disposable income, and credit history requirements).