MoneyKey Installment Loans

MoneyKey Installment Loans Review

MoneyKey Installment Loans is offered by MoneKey, a direct lender founded in 2011 and based in Wilmington, DE. MoneyKey are available in 7 states across the USA.

Key Takeaways

• APRs starting at 270%. Personal loan interest rates typically range between 5% and 36%. The starting rates for MoneyKey Installment Loans are on the higher end of the spectrum.
• Fast access to funds. If approved, you can sometimes get your money within 1 business day*.
• Small-dollar loans. MoneyKey Installment Loans has a maximum loan amount of just $2,000.
• No origination fee. MoneyKey Installment Loans does not charge a loan origination fee.
• No late fees. Missing a payment can seriously damage your credit, but MoneyKey Installment Loans will not charge additional fees if you miss the due date on a payment.
• Short loan terms. MoneyKey Installment Loans have loan terms as short as 6 months.

MoneyKey Pros & Cons

MoneyKey FAQ

What interest rates and personal loan terms does MoneyKey offer?

MoneyKey has higher than average interest rates for lenders reviewed on SuperMoney.

What fees does MoneyKey charge?

What do you need to qualify for MoneyKey Installment Loans?

MoneyKey Installment Loans does not have or does not disclose a minimum annual income eligibility requirement. MoneyKey Installment Loans will consider borrowers regardless of their employment status if they can prove their ability to repay their obligations.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. APRs for the MoneyKey Installment Loans product fall outside of the MLA limits, and as a result, the product cannot be issued to these applicants. Active duty service members and their covered dependents are considered “covered borrowers" under the Military Lending Act.

U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by MoneyKey Installment Loans. Not all companies will work with visa holders. MoneyKey Inc. does offer its services to temporary resident visa holders such as F1 or H1B holders.

To qualify, applicants may need to provide the following documentation:

• Proof of income

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 loans within 1 business day of approval.

Does MoneyKey Installment Loans report your account activity to credit bureaus?

Yes, MoneyKey Installment Loans reports your account activity to the following credit reporting agencies:

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

Are MoneyKey Installment Loans legit?

MoneyKey Inc. was founded in 2011, it is a well-established company that has been in business for 12 years. MoneyKey Installment Loans are mostly not recommended by SuperMoney community users.