MoneyKey Installment Loans

in Personal Loans from MoneyKey Inc.

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MoneyKey Installment Loans


in Personal Loans from MoneyKey Inc.

SuperMoney Net Recommendation Score -1% Recommendation score measures the loyalty between a provider and a consumer. It's at +100% if everybody recommends the provider and at -100% when no one recommends.

Mostly not recommended

35 users recommend
6 users are unsure
36 users don't recommend
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Community Rating Mostly not recommended
Loan Amount $150 - $2,600
APR  (Fixed APR) 174% - 566%
Loan Term 5 - 36 months
Number of Reviews 77

MoneyKey Installment Loans Review

MoneyKey Installment Loans is offered by MoneyKey Inc., a direct lender founded in 2011 and based in Wilmington, DE. MoneyKey Installment Loans is available in 12 states across the USA.

Key takeaways

  • Fast access to cash. In some cases you can get your money within 1 business day.
  • Poor credit accepted. Even if you have bad or poor credit, you can apply. Borrowers with a credit score as low as 300 are considered for MoneyKey Installment Loans.
  • Hard credit pull required. You can't check your rates or see if you prequalify for MoneyKey Installment Loans without a hard pull on your credit report. Most lenders give you the option of a soft pull on you credit report.
  • 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 offers loan terms as short as 5 months. Most personal loans have a minimum term of 12 to 36 months.

MoneyKey Installment Loans Pros and Cons:

Pros Cons
  • $0 prepayment fee.
  • $0 origination fee.
  • MoneyKey Installment Loans does not report to credit bureaus.
  • Considers applicants with poor credit.
  • Fast funding.
  • APRs as high as 566%.
  • Do not offer pre-approval with soft credit pull.
  • No co-sign option.

What rates and terms does MoneyKey Installment Loans offer?

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

What APR rate does MoneyKey Installment Loans offer?

MoneyKey Installment Loans offers a fixed APR personal loan product that ranges from 174% APR up to 566% APR.

Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.

How much can you borrow via MoneyKey Installment Loans?

Loan amounts start at $150 and go up to $2,600.

What can a personal loan from MoneyKey Installment Loans be used for?

Personal loans from MoneyKey Installment Loans are typically used for special purchases, weddings, medical expenses & procedures, unexpected expenses or similar purposes.

What is the maximum loan term you can get with MoneyKey Installment Loans?

MoneyKey Installment Loans 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.

MoneyKey Installment Loans Rates & Terms
Loan Amount $150 - $2600
Loan Term 5 - 36 months
APR 174% - 566%

What fees does MoneyKey Installment Loans charge?

Does MoneyKey Installment Loans charge an origination fee?

MoneyKey Installment Loans 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 Installment Loans charge a late fee?

No, MoneyKey Installment Loans will not charge you a late fee..

Does MoneyKey Installment Loans charge prepayment fees?

No, MoneyKey Installment Loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.

MoneyKey Installment Loans Fees
Origination Fee N/A
Prepayment Fee? No
Late Payment Fee N/A

What do you need to qualify for MoneyKey Installment Loans?

The minimum age to be eligible is 18 or the state minimum, whichever is higher.

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 are, of course, eligible for the services offered by MoneyKey Installment Loans. Permanent resident / green card holders are also eligible to apply.

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

  • Applicants must have an active and valid checking account
  • Recent pay stubs
  • Proof of income
MoneyKey Installment Loans Eligibility Criteria
Minimum Age 18
Bank Account Required? Yes
Application Types Accepted
  • Individual Applications
  • Credit Score 300 - 700

    What is the estimated funding time for a personal loan via MoneyKey Installment Loans?

    MoneyKey Installment Loans will typically approve (or deny) a loan application within 24 hours and fund personal loans within 2 business days of approval.

    MONEYKEY INSTALLMENT LOANS Disclosure: Product availability varies by state. To see loan products offered in your state of residence, please visit our Rates and Terms page ( The date and time the funds are made available to you by your bank is subject to your bank’s policies. MoneyKey is a state licensed online lender, in the states of Alabama, California, Delaware, Illinois, Kansas, Mississippi, Missouri, New Mexico, Utah. MoneyKey-TX, Inc. is licensed as a Credit Access Business (CAB), License No. 16641-62815, by the Office of the Consumer Credit Commissioner and registered as a Credit Services Organization (CSO), Registration No. 20110150, by the State of Texas. All loans in which MoneyKey acts as a CAB/CSO are funded by an unaffiliated third-party lender and serviced by MoneyKey. In the State of California, MoneyKey - CA, Inc. is licensed by the Department of Business Oversight pursuant to a California Finance Lenders Law License, License No. 60DBO43590 and a California Deferred Deposit Transaction Law License, License No.1004516.
    SUPERMONEY Disclosure: is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...


    • Headquarters
    •   3422 Old Capitol Trail Suite 1613
      Wilmington, DE 19808
    •   Visit Site

    Message from MoneyKey Inc.

    MoneyKey’s aim is to remove the complication that is often associated with attempting to borrow funds. After a simple online application, a customer care agent will help the customer to understand their loan terms and get them funded by as soon as the next business day. MoneyKey also offers a 3-day cancellation policy if the customer, for any reason, has a change of heart.

    Other Services by MoneyKey Inc.


      Available in 12 states
    • Alabama
    • Delaware
    • Idaho
    • Illinois
    • Kansas
    • Mississippi
    • Missouri
    • New Mexico
    • Tennessee
    • Texas
    • Utah
    • Wisconsin

    Feature Breakdown

    No Origination Fee  
    No Prepayment Fee  
    No Late Fees  
    Checking Account Required  
    Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Other
    • Retired
    • Self-Employed
    • Unemployed
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    Joint Loan Applications Accepted Individual Applications
    Military Status
    • Non-Military
    • Veterans
    Minimum Age 18
    Supported Income Types
    • 1099 Misc. Income
    • Cash
    • Direct Deposit (W2, SSA, SSDI)
    • Payroll Check or Prepaid Card
    Verification Documents Required
    • Proof of Income
    • Recent Pay Stubs
    Credit Score Range 300 - 700
    Loan Amount $150 - $2,600
    APR (Fixed APR) 174% - 566%
    Loan Term 5 - 36 months

    MoneyKey Installment Loans Community Reviews


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