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To be eligible for the Key for Doctors program, you must: (1) be a Doctor or Dentist as defined below, (2) complete an introductory call with the Key Doctor Banking & Advisory Group, and (3) have a KeyBank Consumer Checking account that remains open prior to enrollment.
You qualify as a "Doctor" or "Dentist" if you meet one of the following criteria: (A) you are a matriculating medical student, or (B) you hold a valid license and are actively practicing as an intern, resident, fellow, doctor, dentist, clinical professor, researcher, or managing in healthcare administration. Eligible degrees include Doctor of Medicine (M.D.), Doctor of Osteopathic Medicine (D.O.), Doctor of Dental Surgery (D.D.S.), Doctor of Medicine in Dentistry (D.M.D.), Doctor of Pharmacy (Pharm.D), Doctor of Nurse Practice (D.N.P.), Doctor of Nurse Anesthesia Practice (D.N.A.P.), Doctor of Optometry (O.D.), Doctor of Podiatric Medicine (D.P.M.), Doctor of Chiropractic (D.C.), Doctor of Audiology
(Aud.D.), Doctor of Speech Language Pathology (S.L.P.-D.), Doctor of Physical Therapy (D.P.T.), Doctor of Occupational Therapy (O.T.D.), Doctor of Psychology (Psy.D.), Doctor of Philosophy (Ph.D.) in clinical psychology or nursing , Doctor of Veterinary Medicine/Veterinary Medicine Doctor (D.V.M./V.M.D.), Doctor of Naturopathic Medicine (N.D.), or any other degree that grants state-regulated clinical healthcare licensure . Retired Doctors or Dentists are also eligible. Additional terms and restrictions may apply.
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Key Wealth and Key Doctor Banking and Advisory Group are marketing names for KeyBank National Association (KeyBank) and certain affiliates, including Key Investment Services LLC (KIS).
Banking products and services provided by KeyBank, Member FDIC. Trust and certain custody and investment management products provided by KeyBank, a national bank with fiduciary powers. KeyBank is an Equal Housing Lender. All loans provided by KeyBank are subject to underwriting, credit, and collateral approval, along with origination and/or transaction fees. Financing availability may vary by state. Restrictions may apply NMLS ID 399797.
Brokerage and certain investment advisory services offered through KIS, member FINRA/SIPC and SEC-registered investment advisor. Insurance products offered through KeyCorp Insurance Agency USA Inc. (KIA) and underwritten by third party insurance carriers not affiliated with KIS. KeyBank, KIS and KIA are affiliates under the common control of KeyCorp. To learn more about KIS’s investment business, as well as our relationship with you, please review our KIS Disclosure page. Check the background of KIS on FINRA's Broker Check.
Banking, brokerage, and investment advisory services each offer different types of advice, fees structures, and party rights and obligations. Understanding these important differences is essential when choosing a service. Contact your team for more details.
KeyBank and its affiliates do not provide tax or legal advice. Individuals should consult their personal tax advisor or attorney before making tax-related investment decisions.
Investing involves risk, including potential loss of principal amount invested. Past performance does not guarantee future results. Asset allocation and diversification do not guarantee returns or protect against losses.
Non-Deposit products are:
NOT FDIC INSURED • NOT BANK GUARANTEED • MAY LOSE VALUE • NOT A DEPOSIT • NOT INSURED BY ANY FEDERAL OR STATE GOVERNMENT AGENCY
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For Key Investment Services LLC (KIS) Advisory Accounts, the Advisory Fee shall be set at a maximum annual fee of 0.95% (95bps) at all portfolio value levels for eligible partner constituents, subject to strategy minimums.
The KIS Advisory Fee is one component of the Advisory Account “wrap fee."
Additional information is available in KIS’s Form CRS and Form ADV Part 2A Appendix 1.
Eligibility, pricing, and terms are subject to change and may be discontinued at any time.
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Savings vary based on rate and term of your existing and refinanced loan(s). Refinancing to a longer term may lower your monthly payments, but may also increase the total interest paid over the life of the loan. Refinancing to a shorter term may increase your monthly payments, but may lower the total interest paid over the life of the loan. Review your loan documentation for total cost of your refinanced loan.
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The 0.25% Member Name rate discount is offered for new closed student loan refinance loans from active Member Names. The Member Name discount is applied to your monthly payment and will be reflected in your billing statement. This offer cannot be combined with any other discounts from KeyBank affiliated partners or employers.
Estimated Student Loan Refinance Payment Examples
The repayment examples below assume a $100,000 loan amount with repayment beginning immediately after disbursement. Examples include a 0.25% interest rate reduction for enrolling in AutoPay. Actual rates and payments will vary based on creditworthiness, loan terms, and other factors.
| Fixed Rate Loans |
| Term |
Interest Rate |
APR |
No. of Payments |
Monthly Payment |
Total Payments |
| 5 Year |
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| 7 Year |
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| 10 Year |
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| 15 Year |
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| 20 Year |
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| Variable Rate Loans |
| Term |
Interest Rate |
APR |
No. of Payments |
Monthly Payment |
Total Payments |
| 5 Year |
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| 7 Year |
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| 10 Year |
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| 15 Year |
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| 20 Year |
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Annual Percentage Rate (“APR”): The cost of borrowing expressed as a yearly rate, including interest and any applicable fees.
Interest Rate: The simple annual rate applied to the unpaid principal balance and included in the APR.
Variable rates are based on the 30‑day Average Secured Overnight Financing Rate (SOFR) and may increase or decrease over time, which could cause your monthly payment to change. Variable rates will never exceed 15.00%. The SOFR index is published by the Federal Reserve Bank of New York. If the index is no longer available, it will be replaced in accordance with the terms of the promissory note.
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Checking your rate with KeyBank requires a soft credit pull, which generally does not affect your credit score. To proceed with an application, a hard credit pull is required and could affect your credit score. For more information, visit https://www.consumerfinance.gov/ask-cfpb/what-is-a-credit-score-en-315/
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If you choose to make monthly payments automatically by electronic fund transfer (EFT) from a bank account, the interest rate will decrease by 0.25%. The discounted interest rate will no longer apply if you stop making monthly payments (or if we stop accepting monthly payments) made automatically by EFT from your bank account. The 0.25% AutoPay/EFT Discount will not reduce the monthly payment; instead, the discount is applied to the principal to help pay the loan faster.
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After loan disbursement, if a borrower documents a qualifying economic hardship, we may agree in our discretion to allow for forbearance of payments for one or more 3-month time periods (however, a minimum of twelve (12) months are required between any two forbearance periods). Borrowers with a loan term of at least ten (10) years are eligible for up to twelve (12) months of forbearance over the life of the loan; borrowers with a loan term less than ten (10) years are eligible for one (1) month for every year of the loan term (e.g., if a borrower’s loan term is five (5) years they are eligible for up to five (5) months of forbearance over the life of the loan). Borrowers seeking an economic hardship forbearance due to unemployment must have made twelve (12) consecutive monthly payments prior to a forbearance request to be eligible. For any other forbearance due to economic hardship, borrowers must have made nine (9) consecutive monthly payments prior to a forbearance request to be eligible. All requests for forbearance are subject to review, including the review of acceptable documentation (including updating documentation) of the nature and expected duration of the borrower's economic hardship. During any period of forbearance, interest will continue to accrue. Unless otherwise noted, at the end of the forbearance period, any unpaid accrued interest will be capitalized and be added to the remaining principal amount of the loan.
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The 0.25% mortgage interest rate discount (the “Discount”) is available to borrowers that are an active Member Name no less than five (5) days prior to closing. The Discount cannot be combined with any other interest rate incentives, applies only to new residential first mortgage loan applications and becomes effective at closing. For fixed-rate loans, the Discount is a permanent interest rate reduction reflected in the Promissory Note. For adjustable-rate loans, the Discount is reflected in the interest rate applicable to the initial fixed rate period and in the maximum amount the interest rate can increase over the term of the loan, subject to the minimum interest rate that may be charged per the terms of the Promissory Note or Agreement. Other restrictions may apply.
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Only available to actively practicing interns, residents, fellows, doctors, dentists, clinical professors, researchers, or managing physicians with a current license and a degree of Doctor of Medicine (MD), Doctor of Osteopathic Medicine (DO), Doctor of Podiatric Medicine (DPM), Doctor of Dental Surgery (DDS), or Doctor of Dental Medicine (DMD). Additional conditions and restrictions apply.
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A lender credit of up to $650 (the “Lender Credit”) is available to borrowers that are an active Member Name no less than five (5) days prior to closing. The Lender Credit cannot exceed borrowers' actual costs to close, applies only to new residential first mortgage loan applications, and becomes effective at closing (if applicable). Other conditions or restrictions may apply. NMLS #399797
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Estimated Student Loan Refinance Post-residency Payment Examples
Borrowers employed full time as an intern, resident, fellow, or similar postgraduate trainee at the time of loan disbursement are eligible to make $100 monthly payments throughout their training (“Residency Period”). These payments may not be enough to cover all of the interest that accrues on the loan. Unpaid accrued interest will be added to the loan principal and monthly payments of principal and interest will begin when the Residency Period ends.
Assumptions: Repayment examples shown below are based on an original loan amount of $100,000 and assume that you make $100 monthly payments during the Residency Period of 36 months before the full repayment term begins. Repayment examples do not include any discounts.
| Fixed Rate Loans |
| Term |
Interest Rate |
APR |
Monthly Payment |
Total Payments |
| 5 years |
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3.93% - 5.53% |
36 months of $100
60 months of $1,998 - $2,181 |
$123,506 - $134,441 |
| 7 years |
4.35% - 5.85% |
4.26% - 5.68% |
36 months of $100
84 months of $1,514 - $1,656 |
$130,755 - $142,743 |
| 10 years |
4.59% - 6.03% |
4.51% - 5.88% |
36 months of $100
120 months of $1,147 - $1,273 |
$141,188 - $156,336 |
| 15 years |
4.81% - 6.33% |
4.74% - 6.19% |
36 months of $100
180 months of $866 - $994 |
$159,391 - $182,595 |
| 20 years |
4.91% - 6.63% |
4.84% - 6.50% |
36 months of $100
240 months of $728 - $876 |
$178,294 - $213,828 |
| Variable Rate Loans |
| Term |
Interest Rate |
APR |
Monthly Payment |
Total Payments |
| 5 Year |
3.98% - 5.62% |
3.90% - 5.44% |
36 months of $100
60 months of $1,994 - $2,170 |
$123,256 - $133,780 |
| 7 Year |
4.25% - 5.75% |
4.17% - 5.58% |
36 months of $100
84 months of $1,505 - $1,647 |
$129,982 - $141,921 |
| 10 Year |
4.40% - 5.93% |
4.32% - 5.78% |
36 months of $100
120 months of $1,131 - $1,264 |
$139,272 - $155,248 |
| 15 Year |
4.65% - 6.23% |
4.58% - 6.10% |
36 months of $100
180 months of $853 - $986 |
$157,078 - $181,001 |
| 20 Year |
4.90% - 6.53% |
4.83% - 6.40% |
36 months of $100
240 months of $727 - $867 |
$178,100 - $211,642 |
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.
Variable Rates: The current index for variable rate loans is derived from the 30-day Average Secured Overnight Financing Rate (“SOFR”) and changes in the SOFR index may cause your monthly payment to increase. Borrowers who take out a loan with variable interest rate will have a maximum interest rate of 15%. There is no limit on the amount your interest rate can increase at one time. The Index is currently published by the Federal Reserve Bank of New York (“New York Fed”).
If the Index is no longer available, it will be replaced by a replacement Index according to the terms of the promissory note.
