MoneyKey installment loans review April 2017

Information verified correct on April 27th, 2017

MoneyKey installment loans can get you cash when you need it, allowing you to pay the loan back over an extended period.

What are MoneyKey installment loans?

Installment loans are short term loans that you pay back over time with a set number of payments. They’re available to people with poor or no credit who need money quickly.

However, paying back an installment loan over a longer period of time will mean that you’ll pay more in interest.

Important details about MoneyKey installment loans

MoneyKey offers installment loans of between $200 and $1,000. These loans are available in California, Delaware, Illinois, New Mexico, Ohio, South Dakota, Texas and Utah only. Fees and interest rates vary by state.

A flex-pay option is also available in Texas. This payment plan initially provides lower payments that just pay off interest and fees. After two to four payments, you begin paying off the principle.

MoneyKey installment loan APR and fees by state

StateAPRFeesMore info
Delaware 566.3025%$30 per $100 outstanding each installment
Illinois 433.159%$1 per loan illinois.php
New Mexico497.599%None
Ohio 673.887%Credit Services Organization fee from third party
South Dakota566.302%$30 per $100 outstanding each installment
Texas644.172%Two times the loan amount
Utah566.302%$25 per $100 outstanding each installment

Compare MoneyKey single-pay loans to other online short term loan providers

Rates last updated April 27th, 2017
Unfortunately, none of the personal loan providers have a loan for that credit score. It you are urgent need of a small loan, you might want to check out a short term loan.
Max. Loan Amount Term of Loan Turnaround Time Costs
LendUp Payday Loans
LendUp offers $250 loans for first-time borrowers. Good credit is not required.
$250 7–30 days 1 business day Varies depending on the loan terms and your state of residence. Go to site More
OppLoans Installment Loans
Get a better personal loan of up to $5,000 with 9- to 24-month repayment terms, depending on your state.
$5,000 9 to 24 months 1 business day Depends on state of residency. Go to site More
Check into Cash Payday Loan
With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.
$1,000 Varies by state 1–2 business days Varies depending on the amount and your state of residency. Go to site More
CashNetUSA Loan
Apply for a $300 to $2,250 short-term loan, installment loan or line of credit with a day’s turnaround.
$2,250 Varies by state 1 business day Varies by state of residency. Go to site More
Cash Central Payday Loan
Offers high-APR cash loans of up to 32 days deposited directly into your checking account.
$5,000 Varies by state 1–2 business days Depends on your credit history and the state you live in. Go to site More
ACE Cash Express Payday Loans
An array of services in 1,000 locations include short-term, installment and title loans with terms that vary by state.
Varies by state Varies by state Generally receive the money the next business day Varies depending upon the state where you reside. Go to site More

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  • If the provider quotes a different rate to the one above please let us know

What are the benefits and drawbacks of MoneyKey installment loans?


  • Longer repayment terms. It could be an affordable option if you have other bills to pay.
  • Quick approval. Get the money in as little as one business day.
  • Track processing online. Check the status of your loan by logging in to your account.


  • Interest accrues until the principal is paid off. This loan could cost more than a traditional payday loan if you don’t pay off the principal completely.
  • High fees. Depending on your state of residence, you may pay considerable fees on each installment.
  • High interest. APRs can be as high as 673%, depending on your state.

Am I eligible for a MoneyKey installment loan?

Getting an installment loan through MoneyKey is a quick and easy way to get the money you need if you live in one of the states MoneyKey services. To be eligible, you must:

  • Be 18 or older and a US citizen or permanent resident.
  • Reside in Kansas, Maryland and Virginia.
  • Have a bank account.
  • Have a phone number and valid email.
  • Be able to prove a source of income.

You can complete the application online or call 1-866-255-1668 to apply by phone.

What information do I need to apply for a MoneyKey installment loan?

  • Government-issued ID. You’ll need a driver’s license and Social Security number.
  • Banking information. This includes your bank name, account type, account number and routing number.
  • Employment information. This includes name of employer, monthly income, last day paid and next pay date.

I got the MoneyKey installment loan. Now what?

  • Pay more when possible. There’s no penalty for paying your loan early, which could help you avoid unnecessary interest and fees.
  • Contact customer support. Call a representative with questions or to discuss payment options.

Bottom line

MoneyKey installment plans offer fast cash that you can pay back over time. But if you’re looking for lower fees and APRs, take a look at other lenders with short term loan solutions in your area to compare your options.

Frequently asked questions

Can I cancel my MoneyKey installment loan?

Yes, you have three business days to cancel a loan without any penalty.

Will MoneyKey contact my employer?

Only if MoneyKey can’t get you by phone or email. By law, MoneyKey can’t discuss your finances with outside parties.

How can I update my information with MoneyKey?

If you move, get a new job or change banks, call MoneyKey to speak with a customer service representative who can update your account accordingly.

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Disclaimer: At we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
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US Payday Loans Offers

Learn about our information service
Check into Cash Payday Loan

With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.

LendUp Payday Loans

LendUp offers $250 loans for first-time borrowers. Good credit is not required.

SWIFT Payday Loan

Access multiple lenders with a 5-minute application for a cash advance on your paycheck.

CashNetUSA Loan

Apply for a $300 to $2,250 short-term loan, installment loan or line of credit with a day’s turnaround.