27 Reviews

Interest & Costs

Flexibility & Terms

Website & Functionality

Support & Service

Features
  • Installment loans and lines of credit from $200 to $2,000
  • Fast funding, as soon as the same business day
  • Quick online process
  • No early repayment penalty fees

Review of MoneyKey

What Is MoneyKey?

MoneyKey is a direct lender founded in 2011. In Texas, MoneyKey arranges and services loans as a Credit Access Business / Credit Services Organization.

MoneyKey offers loan products to underserved consumers in 9 states across the U.S.

Over time, it has proven to be one of the most popular lenders in the states where they do business.

Chosen 28,574 times
  • Installment loans and lines of credit from $200 to $2,000
  • Fast funding, as soon as the same business day
  • Quick online process
  • No early repayment penalty fees

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 $2,000 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 line of credit is an open-ended loan that gives you all the benefits of a traditional loan; however, you have flexibility over how much you draw at a time.

With MoneyKey you can apply for a line of credit 24 hours a day. The MoneyKey Line of Credit is available in Tennessee and Kansas.

If approved, you can withdraw funds as needed up to your credit limit. For MoneyKey, the credit limit ranges from $200 to $2,000, depending on your state and certain qualification criteria.

If you have an outstanding balance, you’ll have to make your minimum payments and you only pay interest charges on the amount of credit you use.

Lines of credit are available in Kansas and Tennessee, and the CC Flow Line of Credit is available in Alabama, Alaska, Arizona, Arkansas, Florida, Hawaii, Indiana, Kentucky, Louisiana, Michigan, Minnesota, Montana, Nebraska, Oklahoma, and Wyoming.

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 299%.

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 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 28,574 times
  • Installment loans and lines of credit from $200 to $2,000
  • Fast funding, as soon as the same business day
  • Quick online process
  • No early repayment penalty fees

Our MoneyKey Review

    Cons

  • APRs can be as high as 299%.

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. 

Was this article helpful?

Be the first one to give feedback


Reviews of MoneyKey

MoneyKey is rated 74 out of 300 companies in total rating and got an average review score of 4 based on 27 reviews. Their weakness is Interest & Costs and their strength is Support & Service.
Customer reviews
Filter reviews Close Icon
All reviews
Loan reviews
Sort by Close Icon
Newest
Best rated
Worst rated
Most helpful
CJ
Clark Johnson reviews | October 3, 2022
General Review
Post
Post reply
WM
Wasim Mazumder 1 review | September 1, 2022
General Review
Upsides
That offer a great service
Downsides
Nothing
Post
Post reply
eric_chavez 1 review | August 25, 2022
General Review
Upsides
Being able to handle people’s problems efficiently and effectively is a thing worth gratitude in every ramification. What XAP CREDIT SOLUTION did for me and my family is immeasurable, I had a very poor FICO of 510, I had a repo, student loans, evictions and a couple of late payments. After my niece convinced me I contacted XAP and they boosted my FICO to 790 and removed all evictions, late payments and repo. I know how unbelievable this may sound but they actually gave me a reason to be happy again. If you would like to engage with their services Email XAPCREDITSOLUTION @ GMAIL .COM. They are the best and surest means of getting your credit fixed. Tell them Eric told you so.
Downsides
Use XAP to get your credit fixed to avoid high rate
Post
Post reply
N
Neutralizer82 1 review | May 27, 2022
Personal Loan Review
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
Post reply
N
Neutralizer82 1 review | May 27, 2022
Personal Loan Review
Upsides
Easy to get money.
Downsides
Payments are ridiculous. Get charged twice a month and barely anything goes to the balance.
Post
Post reply
KL
Kyle Lindsay 1 review | May 15, 2021
Personal Loan Review
Upsides
Got money fast
Downsides
Interest way high 1500 for 500 insane rates
Post
Post reply
TM
tyrone may 1 review | April 30, 2021
General Review
Upsides
the best money lending company i know highly suggest it
Downsides
the interest can be a little lower for us businessman
Post
Post reply
SN
sonn nies 1 review | April 29, 2021
General Review
Upsides
very flexibles terms
Downsides
the pricing should be more affordable
Post
Post reply
CE
charnelle estribor 1 review | April 8, 2021
General Review
Upsides
Very flexible terms
Downsides
high rates
Post
Post reply
SB
Sharona Broughton 1 review | July 23, 2020
General Review
Post
Post reply
Load more reviews

Rate & Review MoneyKey

Not convinced?

Visit their official website and learn more about MoneyKey

We use cookies to give you the most relevant experience. By using our site, you accept all cookies and our privacy policy. To find out more about what cookies we use you can go to privacy overview