MoneyKey Review: Fast Short-Term Loans with Same-Day Funding. Is It Worth It?

MoneyKey is a reputable online lender offering a variety of financial solutions to individuals facing unexpected expenses. 

The site offers a straightforward solution for those seeking financial assistance with short-term loans. 

With a user-friendly online platform, MoneyKey provides quick access to installment loans, payday loans, and lines of credit, making it convenient for those facing unexpected expenses or emergencies. 

How We Rate MoneyKey

At Financer, all lenders go through a thorough research and review process. Here's how we rate MoneyKey:

MoneyKey Overview

MoneyKey offers loans from $200 to $2,500 and APRs from 173%. They have flexible payment options and there are no minimum credit score requirements.

Borrowers have up to 12 months to pay and the approval process is very fast.

MoneyKey offers lines of credit and online personal loans in specific US states.

Here's a quick summary of MoneyKey:

Products Offered

MoneyKey offers the following:

• Installment loans

• Lines of credit

Installment Loans Through MoneyKey

MoneyKey offers or arranges installment loans, which have a broad borrowing range. Depending on the state you live in, you can borrow between $200 and $2,500 with easy repayment terms.

Repayment on Money Key loans usually starts on your next pay date and the remaining installment loan payments are set to line up with your pay frequency.

You can choose to pay off an installment loan through MoneyKey early without being charged extra fees.

Installment loans are available in Delaware, Idaho, Mississippi, Missouri, Texas, Utah, and Wisconsin.

MoneyKey Line of Credit

A credit line is a flexible borrowing arrangement that allows you to access funds up to a predetermined limit set by the lender.

Moneykey offers lines of credit with limits ranging from $200 to $2,500 depending on your state and certain qualification criteria. If approved, you can withdraw funds as needed up to your credit limit.

With MoneyKey you can apply for a line of credit 24 hours a day. Keep in mind that the service is only available in Tennessee and Kansas.

How MoneyKey Works

MoneyKey is a direct online lender in most states. In Texas, MoneyKey arranges and services loans as a Credit Access Business.

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Installment loans and lines of credit through MoneyKey are offered to consumers who are typically underserved at traditional financial institutions.

Applying for an installment loan or line of credit through MoneyKey is easy and convenient, as it can be done 24 hours a day from the comfort of your home. MoneyKey also has a Customer Care team that can help you with your application during their operating hours when you need cash fast.

Loan Requirements

• Be of legal age to contract in your state of residence

• Be a U.S. citizen or a Permanent Resident

• Have an active bank account

• Have a regular source of income

• Have a valid contact number and an active email address

Installment loans and lines of credit through MoneyKey are available in these states:

• Delaware

• Idaho

• Kansas

• Mississippi

• Missouri

• Tennessee

• Texas

• Utah

• Wisconsin

Rates and Terms

The APRs of loan products offered through MoneyKey vary based on your state but in general, they can range between 270% and 306%.

Payment Terms

Repayment terms between six months and 12 months are available for installment loans. MoneyKey does not charge an origination fee for any of their loan products.

MoneyKey also does not charge a late fee if you miss a payment and there is no charge for early prepayments.

There’s no need to subject yourself to a lengthy, in-person experience as getting a loan through MoneyKey is hassle-free and convenient.

As an online lender and service provider, MoneyKey makes borrowing money fast and easy.

How Financer Rates MoneyKey

MoneyKey is a leading online lender and service provider, having built its reputation over the years on outstanding customer service and transparency.

MoneyKey makes all of its charges clear during the borrowing process and does not add additional fees for late payments.

• You can contact MoneyKey’s Customer Care team to find out more about charges and the types of loans available in your state. Your state of residence may determine if you may apply for a line of credit or installment loan.

Responsible Lending

MoneyKey does not want to see you sink deeper into debt and therefore encourages responsible lending.

As with any loan, there are financial risks involved in taking out a loan or line of credit through MoneyKey. They should only be used when you’re temporarily short on cash, not as a long-term financial solution.

MoneyKey encourages you to read its loan terms and conditions carefully to ensure the loan is right for you.

It’s also important to ensure you:

• Read the privacy policy. MoneyKey safeguards your personal information and has a privacy policy in line with industry standards.

• Are able to repay the money according to your agreement.

• Are not taking out a loan to pay off another loan.

• Understand applicable fees/interest.

Support

We have had a good experience with MoneyKey's customer support. They can be reached via their online chat feature, or on their toll-free helpline and they’re well trained and friendly when assisting their customers.

We opened up the live chat (during their posted hours) and got connected to a representative immediately who helped us with general questions.

MoneyKey's email response times have been impressive with same-day communication.

Website

We love simplicity, both in functionality and design, and the MoneyKey site delivers on each of these fronts. It's easy to understand their website, and the loan application was very smooth.

It took us less than 10 minutes to fill out the application from beginning to end. They do a particularly good job of making every step clear and straightforward.

Customers can use the MoneyKey login directly from their home page via email and password. The website is straightforward and easy to navigate.

Does Financer recommend MoneyKey?

Yes, we do. This is one of the most popular lenders we have reviewed.

Their site and application process are streamlined and simple and provide reliable customer support.

As with any installment loan or line of credit, make sure you understand the interest rates/fees so that you can ensure you can afford to repay.

MoneyKey Alternatives

Here's a list of alternatives to MoneyKey and how they compare:

Should you take a loan with MoneyKey?

MoneyKey has been around for quite a while and has proven to be a trustworthy lending platform where borrowers can get personalized loans and credit lines.

One of the best reasons for applying for a loan with MoneyKey is that the application process is done online and money is available fast.

Their customer service is responsive and they have a good feedback rating from past customers.

Read more MoneyKey reviews from customers below or add your own.

More Money Personal Loan Reviews

What Users On the Web Are Saying

MoneyKey gets 4.6 out of 5 stars on TrustPilot, with users showing mixed feelings:

MoneyKey is quick to reply to reviews and seems to take customer service seriously, which is a positive feature for borrowers.

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