Abstract: A separable key holder assembly includes a pair of key rings, a pair of flexible mounting straps, and a pair of patches of complementary hook and loop fastening materials detachably attachable together and applied on the respective straps. Each strap has an end portion being folded around one of the key rings and back upon itself so as to provide overlapped sections on the end portion of strap. The overlapped sections of the strap contain a heat sealed zone in which they are permanently attached to one another. Each patch extends over substantially the entire length and width of one of the opposite surfaces of the respective straps.