Moneykey Loan Login (2024)

FAQs

How long does MoneyKey take to approve a loan? ›

All in all, it may take minutes to be approved, and you may receive your cash as soon as the next business day. That turnaround comes in handy during an emergency. To learn more about what else sets a direct lender apart from other options, click here.

As an online lender, Credit Service Organization, or Credit Access Business depending on the state, MoneyKey performs a soft inquiry when we review a loan application. If you aren't sure how your home state affects your options, we've made it easy to learn more about how we operate as a lender across the country.

Yes, you need an active bank account to qualify for credit through MoneyKey. Verifying your bank account helps to verify your identity and income and, if approved, ensures that funds are sent to the correct bank account.

Legitimate Personal Loans Through MoneyKey

MoneyKey is an online direct lender that provides short-term, unsecured Loans and Lines of Credit to underserved consumers through a safe and secure platform.

Once you have applied for the loan, you can visit the lender's website to check your loan status. After loan approval, your loan amount will be disbursed within a few hours to your bank account.

As a responsible lender, credit services provider and loan servicer, payday loan alternatives, like Installment Loans and Lines of Credit, are offered through MoneyKey. Unlike payday loans, these types of loans are generally repaid over a period of time with multiple payments.

When you apply with MoneyKey, the company will conduct a soft credit check, which won't affect your credit score. There is no hard inquiry (the kind of credit pull that can lower your score) at any point in the loan process.

MoneyKey's Flex-Pay loan can be deposited into your bank account within 24 hours. This allows you to quickly cover a necessary, immediate expense and then gradually repay the installment loan over time, in smaller more budget-friendly amounts.

Loans and credit cards for 400 to 450 credit scores are still available. Being approved may require a little extra work, such as paying extra fees or putting down deposits on credit cards, since about 62% of consumers with a credit score under 579 are likely to become seriously delinquent in the future.

moneykey.com's top 5 competitors in June 2024 are: loannow.com, americashloans.net, netpayadvance.com, wiseloan.com, and more. According to Similarweb data of monthly visits, moneykey.com's top competitor in June 2024 is loannow.com with 42K visits.

Who owns MoneyKey? ›

Money Key is a private island and has been owned by the Kyle family since 1972. "No Trespassing" signs were posted in 2013 to stop illegal camping and visitation.

Cost of Loan

If you receive your income weekly, bi-weekly or semi-monthly, your CAB fee will be the sum of $11 for every $100 of the amount financed that is outstanding at the beginning of each payment period in your payment schedule.

When you apply for a loan with MoneyKey, we only perform a soft inquiry into your credit. Otherwise known as a soft pull, this quick background check won't appear on your credit history. Because of this, applying for a MoneyKey loan won't have any effect on your credit score.

Your MoneyKey Line of Credit accrues daily interest at a rate of 0.8000%. The corresponding annual percentage rate (APR) is 292%. Interest is only charged on the amount you use i.e. the outstanding principal balance. Interest is calculated based on the Daily Balance of your MoneyKey Line of Credit.

If approved, funding generally takes two to five business days. Some online lenders promise same-day or next-day funding. Smaller banks and credit unions may take longer, but most should be able to fund your loan within a week of applying if you opt for direct deposit into a bank account.

The loan approval process can vary from lender to lender and will depend on the type of loan you're applying for and your circ*mstances. This can take anywhere from a few hours to a week or so depending on the type of loan and lender you choose.