Laurel Road Personal Loans Review: What You Need to Know

Quick take: As of early 2026, Laurel Road has stopped accepting new personal loan applications and is being folded into its parent company KeyBank. You can still take out a personal loan with KeyBank or other alternatives with MoneyLion. 

MoneyLion offers a service to help you find personal loan offers. Based on the information you provide, you can get matched with offers for up to $100,000 from our top providers. You can compare rates, terms, and fees from different lenders and choose the best offer for you.

Key Takeaways

• Laurel Road has exited the personal loan market as of early 2026, with new applications no longer accepted and the brand folding into parent company KeyBank. Existing loans keep their original terms and are now serviced through KeyBank's online and mobile banking.

• You still have strong alternatives depending on your profile. MoneyLion's marketplace lets you compare offers up to $100,000, KeyBank rewards existing customers with up to 1% in stackable discounts, Upgrade works for fair credit around 600 and SoFi fits good-credit borrowers wanting fee-free loans.

• Start by pre-qualifying with a soft credit check so you can compare real rates without hurting your score. Choose MoneyLion to shop multiple lenders at once, KeyBank if you already bank there or SoFi for larger loans with no required fees.

Summary generated by AI, verified by MoneyLion editors

Laurel Road Personal Loan Alternatives at a Glance

1. Best Overall: MoneyLion

MoneyLion isn't a direct lender, it's a personal loan marketplace that matches you with offers from a network of trusted lending partners, all from one quick application. You may be able to borrow up to $100,000 with terms ranging from 12 to 84 months.

Instead of applying to one lender and hoping for the best, you fill out one applicable and see multiple pre-qualified offers side by side. That means you can compare APRs, monthly payments and terms from different lenders before committing. For borrowers who don't want to waste a week filling out five separate applications, or who want the best shot at a competitive rate, that's a win.

Pros

• Soft credit pull allows you to check rates without affecting your credit score

• Loan amounts up to $100,000

• Wide range of options available for different credit score types

Cons

• MoneyLion doesn't issue loans directly, so final rates and terms depend on the partner lender

• Some partner lenders may charge origination fees

2. Best for Existing Customers: KeyBank

Since KeyBank now owns Laurel Road outright, it makes sense to consider going straight to the source, especially if you already bank with Key.

KeyBank offers unsecured personal loans from $2,000 to $50,000 (with higher amounts available if you apply in person at a branch), repayment terms up to 84 months and competitive fixed APRs that vary by state and credit profile. Existing customers can stack two discounts: 0.25% off for enrolling in AutoPay from a KeyBank checking account and 0.75% off for maintaining a qualifying KeyBank relationship. That's a full 1% shaved off your rate just for being a loyal customer.

Pros:

• Stackable discounts of up to 1% off for autopay and a qualifying relationship account

• No origination fees on unsecured personal loans

• Same-day funding possible for existing KeyBank customers

Cons:

• May not be available in every state

• No pre-qualification option, which means applying triggers a hard credit inquiry

• Loans over $50,000 require an in-person branch visit

3. Best for Fair Credit: Upgrade

If your credit score is still a work in progress, Upgrade is one of the more flexible options to consider. It may approve borrowers with scores starting around 600, offering loan amounts between $1,000 and $50,000 and APRs that can go up to 35.99%. Repayment terms range from 24 to 84 months, giving borrowers a wide window to structure payments.

Upgrade also includes a few borrower-friendly features. You can apply with a co-borrower to strengthen your application, have funds sent directly to creditors for debt consolidation, and access free credit monitoring tools.

One tradeoff to keep in mind is the origination fee, which ranges from 1.85% to 9.99% and is taken out of your loan before funds are disbursed. For example, if you’re approved for $10,000 with a 5% fee, you’d receive $9,500 but still repay the full loan amount.

Pros

• May approve applicants with credit scores around 600

• Loan amounts start as low as $1,000

• Option to apply jointly or choose secured loan products

• Complimentary credit monitoring included

Cons

• Charges an origination fee of 1.85% to 9.99%

• Higher starting APR compared to some no-fee lenders

4. Best for Good Credit: SoFi

SoFi provides unsecured personal loans ranging from $5,000 to $100,000, with APRs typically falling between 8.74% and 35.49% after applying autopay and member discounts. Most loans don’t come with mandatory fees. There are no late fees or prepayment penalties and borrowers can either select a no-origination-fee loan or opt to pay a small upfront fee in exchange for a reduced rate.

SoFi generally targets applicants with good to excellent credit, typically requiring a FICO score of 680 or higher, making it a better fit for those with an established credit history.

Pros

• Borrow up to $100,000

• Multiple opportunities for rate discounts (autopay, member perks, direct pay)

• Access to unemployment protection and other benefits

• Option to avoid origination fees

Cons

• Minimum loan amount starts at $5,000

• Lowest rates are reserved for strong credit profiles

• Less suitable for borrowers with lower credit scores

How To Choose the Right Alternative

Here's a quick cheat sheet for figuring out where to start:

Choose MoneyLion if you want to compare multiple offers without committing to any one lender upfront, or if your credit profile is somewhere in the middle and you want to see what's actually available to you before a hard credit pull.

Choose KeyBank if you already bank with KeyBank, live in one of its 15 states and want to stack relationship and autopay discounts for a lower rate.

Choose SoFi if you have good-to-excellent credit, need a larger loan ($25K+) and want a zero-fee structure with member benefits like unemployment protection.

And one more tip: Try to pre-qualify wherever you can. A soft credit check lets you see real rates without any impact to your credit score, so there's no downside to shopping around before you pick.

The Bottom Line

Laurel Road’s exit from the personal loan market in 2026 doesn't leave borrowers stranded. Between MoneyLion's marketplace flexibility, KeyBank's relationship discounts, Upgrade’s workable options for fair credit and SoFi's fee-free structure, there are competitive alternatives no matter what kind of borrower you are.

FAQs

What happened to Laurel Road personal loans?

As of early 2026, Laurel Road stopped accepting new personal loan applications and is being rolled into the KeyBank brand entirely. Existing Laurel Road checking, savings and credit card accounts are transitioning to similar KeyBank accounts, while existing personal loan, mortgage and student loan accounts continue under KeyBank's online and mobile banking (they were already KeyBank accounts behind the scenes).

Can I still get a personal loan through Laurel Road?

No, new Laurel Road personal loan applications are no longer being accepted. If you're a former Laurel Road customer, you can apply for a personal loan directly through KeyBank, or compare offers from other lenders through a marketplace like MoneyLion.

What happens to my existing Laurel Road personal loan?

Existing Laurel Road personal loans continue to be serviced by KeyBank, which has owned Laurel Road since 2019. Your terms, rate and payment schedule don't change because of the rebrand, you'll just access your account through KeyBank's online and mobile banking going forward.

Sources

• Laurel Road Official Webpage - Laurelroad.key.com

• KeyBank Personal Loans - Key.com

• Upstart Personal Loans - Upstart.com

• SoFi Personal Loans - SoFi.com

• Personal Loans Official Page - MoneyLion.com