MoneyKey
Online Payday Personal Consumer Loans up to $5,000
Easy Application, Fast Processing, Quick Approval, Any Credit Score
Request a Loan
MoneyKey is a direct online lender that started in 2011 and offers borrowers with less-than-perfect credit scores access to fast cash. MoneyKey is part of the CC Flow division of Capital Community Bank in Provo, Utah. The company serves customers in 9 states. Their values are Urgency, Respect, Extraordinary Service, Excellence, and Integrity. MoneyKey also provides its customers with a wealth of resources through its website, including numerous articles and the online blog, which gives financial advice and tips to help people with budgeting and even choosing the most suitable lender.
| Company name | MoneyKey, Inc |
| Founded | 2011 |
| Address | Street Suite 1200 Wilmington, DE 19801 |
| Website | moneykey.com |
| Phone number |
1-866-255-1668
|
| customercare@moneykey.com |
Pros
- Direct lender
- Easy online application
- Fast funding, as soon as the same business day
- No additional fees for early repayment
- Financial education resources
- Experienced company
- Bad credit accepted
- Transparent fees
- Easy repayment
- Broad loan range
- Hassle-free cancellation
- Great mobile app
Cons
- APRs can be as high as 299%
- Offer no payday loans
- Not accredited by the Better Business Bureau
- Controversial user reviews
- Only available in 9 states
Bottom line
MoneyKey is one of the most popular online lenders and service providers. The lender has built its reputation over many years on excellent customer service and transparency. Even if you have bad credit, you may still qualify for a loan with this lender. But MoneyKey installment loans come with very high interest rates. Make sure you research all of your available options. If you still apply with MoneyKey for a high-cost installment loan, make sure you fully understand the loan rates and terms and are able to make your payments on time.
Types of loans
MoneyKey offers the following loan types:
- Installment loans;
- Lines of credit.
An installment loan is a type of loan where you borrow a predetermined amount of money all at one time. You then repay the loan over a fixed number of installments over months. Installment loans can be used for various financial emergencies, such as medical treatment, home improvement, auto repairs or job losses. Loan amounts range from $150 to $3,500 with repayment terms of 5 to 18 months. The APRs of loans offered through this online platform vary based on your state but they typically range between 270% and 299%.
A line of credit is a type of loan that provides borrowers money they can draw from as needed. The credit limit ranges from $200 to $2,000, depending on your state and certain qualification criteria. The MoneyKey Line of Credit is available in Tennessee and Kansas.
Eligibility criteria
To qualify for a loan with MoneyKey, you must typically meet the following requirements:
- Be of legal age in your state of residence;
- Be a U.S. citizen or a permanent resident;
- Have a steady source of income;
- Have an active bank account in your name;
- Have a phone number and email address.
Category: Online Loans
Tags: Delaware, Idaho, Kansas, Mississippi, Missouri, Tennessee, Texas, Utah, Wisconsin
Posted by MiaAshton