MoneyKey is an online lender that also provides a loan matching service in certain states. The company is based in Wilmington, Delaware, where it was founded in 2011. It is a member of the Community Financial Service Association of America (CFSA) and the Online Lender's Alliance (OLA). MoneyKey offers installment loans, lines of credit and payday loans. It has a B rating with the BBB due to unsolved complaints.

How Do MoneyKey Loans Work?

MoneyKey offers payday loans, installment loans and lines of credit. Rates and terms vary from state to state and depend on the credit product you choose. MoneyKey has high rates but its loans are easy to qualify for and funds are deposited as soon as the next business day.

Installment loans are set up in a similar way to payday loans. MoneyKey charges a set fee for every $100 you borrow. The fee is payable every installment in the payment schedule. The only real difference with regular payday loans is that the rates are somewhat lower and can be spread over a longer time.

MoneyKey also offers a variation on payday loans called single-pay loans. They work like a payday loans in that the loan is due on your next payday but they differ in that borrowers can choose to either pay the loan in full, renew the loan by paying a new finance fee, or by making partial payments toward the principal of the loan.

MoneKey's lines of credit also work like a payday loan but you only need to apply once. Once you are approved you can request cash advances at any time as long as you have available credit. Borrowers are only required to pay for fees and finance charges on the loan and they only pay interest on the amount they borrow not the entire line of credit. 

What Are MoneyKey's Rates and Fees?

Rates vary depending on the type of loan you choose, the state you live in, and the length of the loan term. Here is a summary of the range of rates for the main loan types. 

  • Flex-Pay Installment Loans have a fee of around $30 ($29 in Texas) for every $100 you borrow and a minimum term of 60 days. Based on a loan term of 12 monthly installment payments that would be the equivalent of a 400.27% APR.
  • Lines of Credit have a daily periodic rate, which is the equivalent of a 24% APR to 399% APR. 
  • Single Pay Loans have fees of $29 for every $100 borrowed ($32 if you are paid monthly). That is the equivalent of 788.4% APR.

How Much Can I Borrow From MoneyKey?

MoneyKey loan amounts range from $200 to $1,000.

What States Does MoneyKey Operate In?

MoneyKey operates in Delaware, Illinois, Kansas, Maryland, Missouri, New Mexico, Ohio, Texas, and Utah.

What Is MoneyKey's Application Process Like?

Loan applications are fast and easy to complete. The entire process can be done online or over the phone. Once approved loan amounts are deposited as early as the next business day. To qualify applicants only need to be a permanent resident, have an active bank account, a regular source of income, a valid contact number and an email address.

How Is MoneyKey Better Than Other Lenders?

  • MoneyKey offers fast and easy to qualify for loans.
  • Funds can be disbursed within one business day of being approved and payments are flexible.
  • The company is licensed in all the states it operates and it offers a wide selection of credit products.
  • Loan amounts vary from $200 to $1,000, which is more than most payday lenders offer.
  • Borrowers who pay their loans early can benefit from a proportional reduction in their interest paid.




  • Loan Amount
    $200 - $1000
  • Payment Options
    Automatic Payments
  • APR
    24% - 788.4%
  • Max Loan Term (Months)
  • Credit Score Range
    300 - 700
  • Immigration Status Considered
    U.S. Permanent Resident
  • Military Status
    • Military Dependent
    • Non-Military
    • Veterans
  • Minimum Age
  • Supported Income Types
  • Verification Documents Required?
    • Recent bank statements
    • Recent pay stubs
    • Driver license (or other photo ID)
    • Proof of citizenship/residence
  • No Prepayment Fee
  • Institution Type
    • Direct Lender
    • Other
  • Approval Speed (Hours)
  • Funding Time
    1-7 days
  • Credit Bureau Reporting
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0 votes

I got a $200 loan from moneykey and the 642.99% rate equaled up to me having to pay then 613.99. Just for $200 !!! 11 payments of $55 which is not bad but an extra $400 I could be putting towards my other bills is ridiculous. Never again...

0 votes

Never Never Neverrrr use MoneyKey. They will charge you fees and not explain them! Then say they won’t adjust your loan! So 550$ turns into 730$.Nicholasjr123

0 votes

They don't care about what happen to people in a disaster they are all about money it doesn't even matter to them if you can't even call them either when you find a phone to they don't give a Damn please do not waste your time they suck big time

0 votes

MoneyKey is very upfront about the way in which individuals will be charged for this loan. The bill is broken into 4 components that are divided between interest, fees, and the principal. ONLY 5% of your monthly payment goes towards the principal, and it is highly encouraged that you pay more than the minimum. I've not had any trouble with MoneyKey. The approval process takes a little longer than I would have preferred, but it was worth it. As long as you can pay more than the minimum, this is ... an excellent loan to get get money with little/no/poo credit. More Less

0 votes

I took out a $700.00 loan' I have already made five $149.00 payments. My account is now saying I still owe $798. This company is truly a ripoff. Dont take out a loan with them. They continue to add to your loan so that you'll never be done paying it off. Complete Scam.

0 votes

According to my calculations I have paid you 1665.86 as of April 10, 2017. No way in the world should a $1000.00 loan cost me this much and you still think that I have a balance that is very different that what I have tracked. I will make one final payment of $126.00 asap and that will be it. I am sending proof off all my payments that started with a balance of $1234.00 and even with large payments back to back you think to keep charging ... me. Not happening. This email is going to the credit bureaus and my attorney. I will not pay a dime more. Consider this account closed once I make the final payment of $126 for a total of $1791.86 - fair and square and not another penny. Perhaps before the end of this week the final payment will be in.

$1000 deposit to me 2/10 -264.35 2/27 - 207.52 3/13 - 195.99 3/27 - 200.00 - no statement sent but on my own I paid. 3/27 - 266.00 - no statement sent but on my own and above what could occur 4/01 - 266.00 - no statement sent but on my own and above what could occur and before the 10th of the month 4/10 - 266.00 - no statement sent and as a matter of fact I was told on the phone I had zero payment due by Claudia; and had to fight to get the payment done. Also to prevent further foolishness from yall. Listen to the recordings. I call to make payments not to have conversations especially since I work like you do. Further at the rate you do things one will be owing you forever and forever is not the relationship I want with you.

The following statement came after the $1000 deposit to me 1/18/2017 and even with paying more back to back from 3/27 - 4/10 you still think to tell me something outrageous as a balance. Claudia told me on March 10, 2017 - I had a balance of $857.37 - see email to you below.

Sending to Transunion, Equifax and Experian and attorney. Done.
More Less

0 votes

I opened a $700 line of correct with MoneyKey in December 2015, as of today I have paid out $943 with about $520+ to go. Called MoneyKey to make arrangements/Contract to pay off debt with $105 payments for to next four months to pay off debt. I've never missed all but one payment during my payment time, but I cought up with my payments. I get a statement in my email that $207 will be deducted from my account. WTH! What happened to the $105 four month payment arrangement. ... I WILL NEVER DO BUSINESS WITH SCAM ASS COMPANY AGAIN. More Less

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