MoneyKey-arranged and MoneyKey installment loans review

Apply for an installment loan today and receive from $200 to $2,600 by the next business day.

MoneyKey services several states across the US and offers installment loans, payday loans and lines of credit depending on your state of residence. The application process is simple and, if approved, you can have the funds deposited into your account as early as the next business day.

MoneyKey-arranged and MoneyKey installment loans are short-term credit products that are paid back over a set number of payments. Fees and interest rates vary by state. You do not need impeccable credit to be eligible to qualify but there are specific criteria that you must meet to be approved. When considering an installment loan, payday loan or line of credit with MoneyKey, it’s important to carefully review how the products work.

Min Loan Amount$200
Max. Loan Amount$1,000 (unless otherwise stated)
Loan TermVaries by state
Turnaround Time1 business day*
CostsVaries by state of residency
RequirementsYou must be a permanent US resident or citizen, at least 18 years old, and have regular income.

Pros

  • Simple online application.
  • Highly trained customer care representatives available by phone, email or online chat.
  • Next business day funding.*

Cons

  • MoneyKey-arranged and MoneyKey installment loans are only offered in Alabama, Delaware, Illinois, Mississippi, New Mexico, Ohio, Texas, and Utah.
  • A resident of Alabama, Delaware, Illinois, Mississippi, New Mexico, Ohio, Texas, or Utah
  • An American citizen or permanent resident
  • At least 18 years old
  • Have regular income

*The date and time the funds are made available to you by your bank is subject to your bank’s policies.

Are MoneyKey-arranged and MoneyKey installment loans available in your state?

MoneyKey-arranged and MoneyKey installment loans are available in Alabama, Delaware, Illinois, Mississippi, New Mexico, Ohio, Texas, and Utah only.

What are the benefits?

  • Repayment Spread Out Over Multiple Payments. An Installment Loan with MoneyKey could be an affordable option if you have unexpected expenses. They are paid back in installments over a set number of payments.
  • Simple Process. Applying for a loan with MoneyKey takes very little time. You will find out if you qualify within minutes of applying. If you are approved, you may have the funds deposited into your bank account in as soon as one business day.
  • Check Progress Online. Viewing the status of your loan online is easy. Simply head to MoneyKey’s website and log in to see your online account summary. From here you can keep track of your past payments and upcoming due dates.

How much can I borrow?

MoneyKey offers or arranges installment loans across eight states. Here are the loan amounts that you can apply for in each state:

  • Alabama: $2,000 – $2,600
  • Delaware: $200 – $1,000
  • Illinois: $200 – $1,000
  • Mississippi: $550 – $1,475
  • New Mexico: $200 – $1,000
  • Ohio: $200 – $1,500
  • Texas: $200 – $1,000
  • Utah: $200 – $1,000

What are the fees charged?

MoneyKey’s fees are compliant with all applicable federal and state regulations. Upon approval, you will receive a loan agreement which will clearly outline the terms of the product. Before you sign the agreement, make sure you understand the cost of your Installment Loan, your pre-payment options, and review your payment schedule. If you have any additional inquiries, do not hesitate to check MoneyKey’s Frequently Asked Questions page or reach out to their Customer Care Team.

Is borrowing credit from MoneyKey secure?

MoneyKey only offers Installment Loans, Payday Loans and Lines of Credit in states where they are licensed to do so. MoneyKey is subject to different rates and regulations in the various states it operates in and all products are designed to comply with applicable law. MoneyKey’s website has Secure Socket Layer (SSL) encryption and Verified Site Certificates to protect your personal information and keep your data secure.

How do MoneyKey-arranged and MoneyKey installment loans compare to other loans?

Rates last updated December 13th, 2017
Unfortunately, none of the short term loan providers currently offer loans in your state. Learn more about short term loans in your state to find an alternative.
Name Product Product Description Maximum Loan Amount Term of Loan Turnaround Time Requirements
OppLoans Installment Loans
Installment loans with competitive rates from a top-rated direct lender.
$4,000
9 to 36 months
1 business day
Open only to residents of AL, CA, DE, GA, KS, ID, IL, MO, MS, NV, NM, OH, SC, TN, TX, UT, VA and WI. Must have direct deposit to demonstrate sufficient monthly income.
Slam Dunk Loans
Potentially get approved for a short-term loan through this lender-connection service, even with poor credit history.
$2,500
Varies by lender
As soon as next business day
Must be employed, receive regular income, earn at least $800 a month, have a checking account, be 18+ yrs old and a US citizen.
CashNetUSA Loan
Apply for a short-term loan with an easy online application and dedicated customer service.
Varies by state
Varies by state
1 business day
You must be a US citizen or permanent resident, be at least 18 years old and have regular income and a bank account.
Blue Trust Loans Installment Loans
Get an installment loan from an online tribal lender. Perks for returning borrowers.
$2,000
6 months
As soon as next business day
Must be at least 18 years old and have a verifiable source of income with direct deposit into your checking account.
HonestLoans Installment Loans
Get a flexible installment loan with fast funding through one easy online application form.
$2,500
Varies by lender
As soon as one business day
Must be employed and receive regular income, earn at least $800 a month, have a checking account and be an 18+ years old legal US citizen.
MaxLend Installment Loans
Get up to $1,000 as a first-timer, with loans of up to $2,000 and lower APRs for repeat borrowers.
$2,000
6 months
As soon as the next business day
Must be at least 18 years old and a US citizen, have a valid bank account and provide a verifiable source of income.

Compare up to 4 providers

Am I eligible?

Getting an installment loan through or arranged by MoneyKey can be a more convenient way to get the money you need compared to other short-term loans.
To be eligible, you must:

  • Be 18 years or older and a US citizen or permanent resident.
  • Reside in Alabama, Delaware, Illinois, Mississippi, New Mexico, Ohio, Texas, or Utah.
  • Have a valid bank account.
  • Have a phone number and a valid email address.
  • Be able to prove you have a steady source of income.

What information do I need to apply?

  • Personal information. This includes your complete name, address, home phone number, and email address.
  • Banking information. This includes your bank’s name, account type, account number, and routing number.
  • Employment information. This includes the name of your employer, your monthly income, your last pay date and your next pay date.

I’m approved for a MoneyKey-arranged or MoneyKey installment loan. Now what?

  • Use funds wisely. Once your Installment Loan is approved, spend it carefully and use only the money you need.
  • Pay more when possible. There’s no penalty for paying off your loan early. This can help you to reduce interest and fees on your Installment Loan.
  • Contact Customer Care. Contact the MoneyKey Customer Care team if you have questions or want to discuss your payment options.

Frequently asked questions

Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, read the PDS or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and our Privacy Policy.