(Edited)
UpsidesGot money fast
DownsidesInterest way high 1500 for 500 insane rates
Overview of MoneyKey
MoneyKey is a direct lender founded in 2011. In Texas, MoneyKey arranges and services loans as a Credit Access Business.
MoneyKey is available in 10 states across the USA.
MoneyKey offers loan products with a focus on underserved consumers.
Over time, it has proven to be one of the most popular lenders in the states where they do business.
Their main offices are located in Wilmington Delaware, but their services are available online in multiple other states across the nation.
Borrow Money at MoneyKey
MoneyKey is a direct online lender in most states. In Texas, MoneyKey arranges and services loans as a Credit Access Business.
Applying for a MoneyKey loan 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 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
What States Is MoneyKey Available In?
- Delaware
- Idaho
- Kansas
- Mississippi
- Missouri
- New Mexico
- Tennessee
- Texas
- Utah
- Wisconsin
How it Works
- Submit an online application form on the MoneyKey website or call to apply over the phone.
- Once completed, review and sign your loan agreement.
- If approved, receive your funds as early as the same business day.
- Repay your loan on the due date(s) in your agreement.
MoneyKey Convenience
Today, there’s no need to subject yourself to a lengthy, in-person experience as getting a loan should be hassle-free and convenient, not stressful.
As an online lender, MoneyKey makes borrowing money fast and easy.
There’s no lengthy application process. You can apply for an online loan through MoneyKey at any time that’s convenient for you. Simply fill out an online form or just call to apply.
MoneyKey Transparency
MoneyKey is a leading online lender, building its reputation over the years on outstanding customer service and transparency. People search for lenders they can trust and MoneyKey is committed to integrity. MoneyKey makes all of its loan fees clear during the borrowing process and does not surprise you with additional fees weeks or months later.
- You can contact MoneyKey’s Customer Care team to find out more about fees and the types of loans available in your state. Your situation may call for a Line of Credit or Installment Loan.
MoneyKey Installment Loan, Line of Credit
MoneyKey offers or arranges Installment Loans, which have a broad borrowing range. Depending on the state you live in, you can borrow between $150 and $3,500 with easy repayment terms.
Repayment 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.
You may also be able to qualify for a 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 control over your cash flow and payment options.
Once 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.
You’ll have to make your minimum monthly payment and you only pay interest on the amount of credit you use.
MoneyKey Responsible Lending
MoneyKey does not want to see you sink deeper into debt and therefore encourages responsible lending.
There are financial risks involved in taking on any loan. 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 within the loan term.
- Are not taking out a loan to pay off another loan.
- Understand applicable fees and interest. Remember that extending the term of a loan may result in additional fees/interest.
Our Review of MoneyKey
Reputation
Our general opinion of MoneyKey is a positive one. Having searched all over the internet for feedback and reviews, there were surprisingly few people with negative comments.
Whenever an issue was brought to their attention, MoneyKey addressed it quickly and responded with a proposed solution to the problem.
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Support
We have had a good experience with MoneyKeys 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 MoneyKey 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, and it’s easy to see why.
Their site and application process are streamlined and simple, they offer reasonable interest rates, and they provide high-quality and reliable support. Financer.com can gladly say that MoneyKey is a good option when you’re in need of a loan.
Additionally, MoneyKey sponsors the KeyThinkers scholarship program for outstanding full-time students enrolled at an accredited college, university, or trade school in the United States.
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Why Customers Choose MoneyKey
Installment loans and lines of credit through MoneyKey are offered to consumers who are typically underserved at traditional financial institutions.
Below we have listed just a few of the many advantages of choosing MoneyKey for your borrowing needs:
- Broad Loan Range: $150 to $3,500. Borrowing 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.
- Early Repayment Option: Pay off your loan early without being charged extra.
- Hassle-Free Cancellation: No fee for canceling your loan within 3 days
- Transparent Fees: All fees are made clear during borrowing, no surprise future fees.
- Easy Repayment: Payment schedules that are in line with your pay frequency, varies by state.
