MoneyKey loans: payday loans, lines of credit and more |

MoneyKey Loans — Payday Loans, Installment Loans and Lines of Credit

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MoneyKey-loans-logo-featured-imageMoneyKey offers a fast and easy way to get money without worrying about having a perfect credit history.

MoneyKey offers, arranges and services credit products in several states across the US. Depending on your state of residence, you may have access to installment loans, payday loans or a line of credit. The application process is simple, and if you’re approved, you can have the funds deposited into your account as early as the next business day.

You don’t need impeccable credit to be eligible to qualify, but there are specific criteria that you must meet to be approved. When considering a payday loan, installment loan or line of credit with MoneyKey, please take the time to carefully review their products.

Product Details

Product Name MoneyKey Loan/Line of Credit
Min. Loan Amount $200
Max. Loan Amount $2,600
Loan Term Varies by state
Turnaround Time 1 business day*
Costs Varies by state of residency
Minimum Eligibility Requirements You must be a permanent US resident or citizen, at least 18 years old, and have a regular income.

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

Types of credit products you can get from MoneyKey:

MoneyKey offers payday loans, installment loans and lines of credit. These products vary by state and are subject to state regulations. Check MoneyKey’s website to verify which products are available in your state.

  • Payday Loans. Payday loans (or single pay loans), consist of small cash advances that are usually paid back to the lender or servicer by your next payday. If used correctly, a payday loan can be a helpful temporary fix; if used incorrectly, it can exacerbate an already tough financial situation.
  • Installment Loans. Installment loans have a structured repayment schedule and can be a good way to get emergency funding. Small-dollar installment loans are meant for short-term emergency expenses, not as a long-term financial solution. Make sure you understand the cost of your loan and what your prepayment options are.
  • Lines of Credit. A line of credit is an ongoing, open-ended extension of credit. If you are approved for a line of credit, you will be assigned a credit limit, which is the maximum amount of money that you are able to borrow. You can choose to withdraw funds in a way that suits your needs. This means that upon opening your account, you can withdraw up to the full amount of your approved credit limit.

Where does MoneyKey operate?

MoneyKey’s services are available in the following states: Alabama, California, Delaware, Illinois, Mississippi, New Mexico, Ohio, Texas, Utah, Kansas and Missouri.

Keep in mind that not every product is offered in every state. Check the rate page to see what type of loan is available in your state of residence.

Why should I consider using MoneyKey?

  • Quick turnaround. Once you apply, you can find out quickly whether or not you qualify for a payday loan, installment loan or line of credit with MoneyKey. If approved, your funds can be deposited in your bank account in as soon as one business day.
  • OLA and CFSA Member. MoneyKey is state licensed and an official member of the Online Lenders Alliance (OLA) and a member of the Community Financial Service Association of America (CFSA), two organizations that promote fair practices in the short-term lending industry.
  • Easy to qualify. Applying for a payday loan, installment loan or line of credit with MoneyKey is easy. You’ll find out if you qualify within minutes of applying, even if you have had a history of bad credit.
  • Friendly customer service. Many users of their services call MoneyKey a professional and courteous company.

What to look out for

Here are a few tips to remain cautious while comparing lenders.

  • Limited services. Not all services are available in each state so be sure to verify you can take out the type of loan you’re seeking by checking the MoneyKey website.
  • High APR. Short term and installment loans are known to have a high APR, meaning you have to pay much more in fees and charges than you would with a traditional loan from a bank.
  • Different repayment options. While this isn’t a huge con, each type of loan offered by MoneyKey has a different system of payment. Make sure you read your loan terms and know how much you’ll be required to repay.

How do MoneyKey loans compare with other short term loan lenders?

Rates last updated October 20th, 2018
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 Max. Loan Amount Turnaround Time Requirements
CashUSA Installment Loans
A connection service for quick cash loans up to $10,000.
As early as 1 business day
Must have a monthly income of $1,000+ after taxes and valid checking account.
OppLoans Installment Loans
Installment loans with competitive rates from a top-rated direct lender.
1 business day
Must have direct deposit and meet minimum income requirements.
LendYou Short-term Loans
Apply online with this loan-connection company offering unrestricted short-term loans at high maximums — fast turnaround.
1 business day
You must be a US citizen or permanent resident, age 18+ and have a regular income.
Check into Cash Payday Loan
With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.
1–2 business days
You must be at least 21 and an American citizen and have a bank account, email address and phone number.
CashNetUSA Loan
Apply for a short-term loan with an easy online application and dedicated customer service.
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.
Jora Installment Loans
Installment loans with repayment terms up to 30 months, depending on your state.
1–2 days
Must have an active checking account, regular source of income and email address.
ACE Cash Express Payday Loans
Quick payday, installment and title loans with no prepayment penalty and a 72-hour satisfaction guarantee. Funds can be loaded on an ACE Elite™ Visa® Prepaid Debit Card.
Varies by state
Generally receive the money the next business day
Must be 18+ years old, have a steady source of income and a checking or savings account. Must not be a debtor in bankruptcy.

Compare up to 4 providers

What are the fees charged?

MoneyKey only offers payday loans, installment loans or 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.

Their fees are compliant with all applicable federal and state regulations. Upon approval, you will receive a loan or line of credit agreement which will clearly outline the terms of the product. Before you sign the agreement, make sure you understand the cost of your loan or line of credit, your prepayment options, and your payment schedule.

Is borrowing credit from MoneyKey secure?

MoneyKey’s website has Secure Socket Layer (SSL) encryption and Verified Site Certificates to protect your personal information and keep your data secure.

What information do I need to apply for a MoneyKey Loan or Line of Credit?

  • 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.

Am I eligible for a MoneyKey loan or line of credit?

Getting a loan or line of credit with MoneyKey can be a more convenient way to get cash compared to other short-term loans.
To be eligible, you must:

  • Be at least 18 years old and a US citizen or permanent resident.
  • Live in a state where MoneyKey’s products are available.
  • 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.

Frequently asked questions

Are payday loans available in my state?

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US Payday Loans Offers

Important Information*
Slam Dunk Loans

Potentially get approved for a short-term loan through this lender-connection service, even with poor credit history.

LendUp Payday Loans

LendUp offers $250 loans for first-time borrowers. Good credit is not required. Visit the site to see if available in your state.

Check into Cash Payday Loan

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

OppLoans Installment Loans

Installment loans with competitive rates from a top-rated direct lender.

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