Features

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 range of rates does MoneyKey offer?

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 from MoneyKey?

Loan amounts start at $200 and go up to $2,600.

What is the maximum loan term for a MoneyKey personal loan?

MoneyKey offers personal loans with a maximum term of 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:

  • Applicants must have an active and valid checking account
  • Recent pay stubs
  • 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 personal loans as soon as 1 business day of approval.

    How does MoneyKey describe itself?

    As one of the fastest growing companies in the small-dollar lending industry, MoneyKey has flourished since it’s first days in 2011. MoneyKey is a state-licensed, CFSA member who offers online lending and broker products and services such as installment loans, payday loans, line of credit and credit services, MoneyKey has provided short-term financial solutions to over 180,000 customers during its time in business. MoneyKey has a simple online application process and, if approved, the funds can be deposited into a customer’s account as early as the next business day. You may qualify for their online loan even if you have bad or no credit. As a state licensed online lender*, MoneyKey takes pride in providing excellent customer service while at the same time assisting customers with their immediate financial needs. 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."
    * In Ohio and Texas, MoneyKey is a credit Services Organization and /or a Credit Access Business.

    • Max Loan Term (Months)
      36
    • Institution Type
      Direct Lender
    • Bank Account Required?
    • Credit Score Range
      300 - 700
    • 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
      Only Individual Applications
    • Military Status
      • Non-Military
      • Veterans
    • Minimum Age
      18
    • Supported Income Types
      • 1099 Misc. Income
      • Cash / Other
      • Direct Deposit (W2, SSA, SSDI)
      • Payroll Check or Prepaid Card
    • Verification Documents Required?
      • Proof of Income
      • Recent Pay Stubs
    • No Late Fees
    • No Origination Fee
    • No Prepayment Fee
    • Approval Speed (Hours)
      24
    • Funding Time Range (in days)
      1 - 2
    • Loan Term Range (Months)
      5 - 36
    • Payment Options
      • Automatic Payments
      • Check by mail
    • Loan Amount
      $200 - $2600
    • APR
      174% - 566%
    • Product availability varies by state. To see loan products offered in your state of residence, please visit our Rates and Terms page (https://www.moneykey.com/rates-terms.php) • 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-OH is licensed as a Credit Services Organization (CSO) by the Ohio Department of Financial Institutions, Department of Commerce: CS.900134.000. • 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.
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