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Where does MoneyKey do business?
MoneyKey is a direct lender based in Wilmington, DE. It was founded in 2011 and offers access to personal loans in 11 states across the USA.
What are the APRs offered via MoneyKey?
MoneyKey offers personal loans with APRs starting at 174% and up to 566%.
Does MoneyKey charge an origination fee?
No, MoneyKey does not charge a loan origination fee.
A loan origination fee is what some lenders charge for processing, underwriting, and funding a loan. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.
Does MoneyKey charge a late fee?
No, MoneyKey will not charge you a late fee.
Does MoneyKey charge prepayment fees?
No, MoneyKey does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.
How much can you borrow via MoneyKey?
Loan amounts start at $200 and go up to $2,600.
What is the maximum loan term you can get with MoneyKey?
MoneyKey offers personal loans with terms ranging from 5 to 36 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
What do you need to qualify for a loan with MoneyKey?
Applicants with a credit score of at least 300 can apply for a loan via MoneyKey. The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.
Active duty servicemembers and their covered dependents cannot apply for a loan via MoneyKey. The Military Lending Act prohibits lenders from charging servicemembers more than a 36% APR.
Only U.S. citizens and permanent residents can apply for a loan.
To qualify, applicants may need to provide the following documentation:
What is the estimated funding time for a personal loan via MoneyKey?
MoneyKey will typically approve (or deny) a loan application within 24 hours and fund personal loans within 2 business days of approval.
3422 Old Capitol Trail Suite 1613
Wilmington, DE 19808 USA
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Message from MoneyKey
- New Mexico
- 1099 Misc. Income
- Direct Deposit (W2, SSA, SSDI)
- Payroll Check or Prepaid Card
- Only Individual Applications
- Employed Full-Time
- Employed Part-Time
- U.S. Citizen
- U.S. Permanent Resident
- Proof of Income
- Recent Pay Stubs