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3.9
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 30 Reviews

Interest & Costs

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Flexibility & Terms

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Website & Functionality

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Support & Service

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Features
  • Fast funding, as soon as the same business day
  • No early repayment penalty fees
  • Quick online process
Pros & Cons
  • Easy online loan application
  • Fast funds payout
  • MoneyKey is a direct lender
  • Not available in all US states

MoneyKey Review

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.com, all lenders go through a thorough research and review process. Here’s how we rate MoneyKey:

CategoryRating
Affordability⭐⭐⭐
Application process⭐⭐⭐⭐
Loan terms⭐⭐⭐⭐
Transparency⭐⭐⭐⭐
Customer support⭐⭐
Overall⭐⭐⭐⭐

Do We Recommend MoneyKey?

Yes, we recommend MoneyKey as a reliable lending marketplace. Skip to our full review below to see 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:

OverviewFeatures
Loan type:Personal loans, line of credit
Loan amount:$500 – $2,500
Loan term:Up to 12 months
APR:270% – 306%
Min. credit score:None
Monthly fees:None
Payout time:One business day
Weekend payout:No
Requirements:At least 18 years old
U.S. citizen
Active bank account
Regular income
Valid phone number and email
Chosen 32,550 times
  • Fast funding, as soon as the same business day
  • No early repayment penalty fees
  • Quick online process
Min Loan Amount200
Max Loan Amount2000
Lowest APR173.00
Highest APR295.00
Min Loan Term1 Month
Max Loan Term1 Year
Accepts bad credit:Yes.
Minimum Age18

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.

MoneyKey Pros and Cons

Pros

  • Broad Loan Range: Credit limits and amounts through MoneyKey range from $200 to $2,500. Applying is fast and easy, the amount depends on your state of residence.
  • Same Business Day Funding: Funds are deposited in your bank account as soon as the same business day, depending on the time of the request. Funding times are subject to your bank’s policies.
  • Early Repayment Option: Pay off your loan early without being charged extra.
  • Hassle-Free Cancellation: No fee for canceling your loan within 3 days of your loan being approved.
  • Transparent Fees: All fees are made clear during borrowing, no surprise future fees.
  • Easy Repayment: Payment schedules are generally in line with your pay frequency.

    Cons

  • APRs can be as high as 299%.

  • Only available in a few states

How MoneyKey Works

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

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.

How To Apply for a Loan Through MoneyKey

Step 1

Apply online

Submit an online application form on the MoneyKey website.
Step 2

Review and sign

Once completed, review and sign your loan agreement.
Step 3

Get approved

If approved, you will receive your funds as early as the same business day.

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.

Chosen 32,550 times
  • Fast funding, as soon as the same business day
  • No early repayment penalty fees
  • Quick online process
Min Loan Amount200
Max Loan Amount2000
Lowest APR173.00
Highest APR295.00
Min Loan Term1 Month
Max Loan Term1 Year
Accepts bad credit:Yes.
Minimum Age18

How Financer.com 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.com 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.

FAQs

How much can I borrow with MoneyKey?

Loan amounts and credit limits vary by state, but you can borrow between $200 and $2,000.

What are the rates?

Rates and fees will vary by state and you can see the different rates here

Can I cancel my loan?

You can cancel your loan product through MoneyKey within three business days of the effective date of your agreement, without penalty. You can cancel by calling or emailing the Customer Care team. 

How can I qualify for a loan?

You can read the loan requirements here

Can I verify my bank statements electronically?

Yes, you can verify your bank statements electronically during the application process. 

MoneyKey Alternatives

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

LenderReviewsLoan AmountAPRMax. Loan TermBad Credit?
5KFundsView$500 – $35,0005.99-35.99%Up to 5 yearsYes
PersonalLoans.comView$500 – $35,0005.99-35.99%Up to 6 yearsYes
BadCreditLoansView$500 – $5,0005.99-35.99%Up to 2 yearsYes
CashUSA.comView$500 – $10,0005.99-35.99%Up to 6 yearsYes
Fast5KLoansView$500 – $35,0005.99-35.99%Up to 5 yearsYes

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.

More User Reviews – Add Your Rating

Read more reviews on Financer.com from verified users below.

Have you used MoneyKey before? Leave your review now.

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Our Commitment to Transparency
At Financer.com, we're committed to helping you with your finances. All our content abides by our Editorial Guidelines. We are open about how we review products and services in our Review Process and how we make money in our Advertiser Disclosure.

Reviews of MoneyKey

MoneyKey is rated 83 out of 179 companies in total rating and got an average review score of 3.9 based on 30 reviews. Their weakness is Interest & Costs and their strength is Support & Service.
Customer reviews
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AH
Angel Hicks 1 review | January 31, 2024
General Review
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Upsides
MoneyKey is the key to financial peace of mind. I highly recommended them for their professionalism and dedication to helping me
Downsides
none -
Post reply
KC
Karla Callahan 3 reviews | December 3, 2023
General Review
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Upsides
The loan process was rather smooth and quick. I was impressed with their speed in getting the money (within a few hours). Their customer service was great.
Downsides
I would highly recommend MoneyKey.
Post reply
AM
Abby May 6 reviews | November 12, 2023
General Review
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Upsides
Fast and Easy! Good customer service. I really thought they were professional and kind when I called to verify my info. They even took the time to explain everything for me to understand.
Downsides
Repayments start immediately and interest rates are quite high in comparison to other lenders.... I am still happy though.
Post reply
SC
Soliz Cheyenne 1 review | August 22, 2023
General Review
rating_greenrating_greenrating_greenrating_greenrating_green
Upsides
Trial convinces
Downsides
Not really bad
Post reply
CJ
Clark Johnson 1 review | October 3, 2022
General Review
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MS
MoneyKey SupportPartnerDecember 23, 2022

Thanks for the awesome review, Clark! We’re here to help when you need us.

Post reply
WM
Wasim Mazumder 1 review | September 1, 2022
General Review
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Upsides
That offer a great service
Downsides
Nothing
MS
MoneyKey SupportPartnerDecember 23, 2022

Hey Wasim, we’re happy to hear it and are pleased to know that you are satisfied with the service you received from our Customer Care team.

Post reply
NE
Neutralizer82 2 reviews | May 27, 2022
Personal Loan Review
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Upsides
Easy to get money.
Downsides
Rates are horrible, Take 2 payments a month and barely touches the principle. This place is a con.
Post reply
NE
Neutralizer82 2 reviews | May 27, 2022
Personal Loan Review
rating_redrating_redrating_redrating_redrating_red
Upsides
Easy to get money.
Downsides
Payments are ridiculous. Get charged twice a month and barely anything goes to the balance.
Post reply
KL
Kyle Lindsay 1 review | May 15, 2021
Personal Loan Review
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Upsides
Got money fast
Downsides
Interest way high 1500 for 500 insane rates
Post reply
TM
tyrone may 1 review | April 30, 2021
General Review
rating_greenrating_greenrating_greenrating_greenrating_green
Upsides
the best money lending company i know highly suggest it
Downsides
the interest can be a little lower for us businessman
Post reply
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