MoneyKey Personal Loan Review Find the best loan for you


MoneyKey is a direct online lender that started in 2011 and allows borrowers with lower credit scores to access short term personal loans and lines of credit. The lender offers products in 16 states.

MoneyKey notes that its short-term installment loan is “an expensive form of credit and is not intended to meet long-term financial needs.”

Is borrowing from MoneyKey a good idea?

This lender offers short term installment loans at very high interest rates. Even if your credit is not perfect, you can still qualify for a traditional personal loan. Make sure to research all of your options.

If you decide that a high-cost, short-term installment loan is your best option, focus on making your loan payments on time and paying off the loan.

What can MoneyKey personal loans be used for?

MoneyKey personal loans can be used for financial emergencies, such as medical expenses, car repairs, or job losses. Loans of $ 150 to $ 3,500 with repayment terms of five to 18 months are a quick source of cash but are not ideal for consolidating debt, financing investments, or paying for home renovations.

The lender emphasizes that his personal loans are for short-term financial emergencies and borrowers should use their funds wisely.

How Do MoneyKey Personal Loans Work?

If you want a MoneyKey personal loan, you can apply online in minutes or call customer service. You will provide personal information, such as your social security number, on the online application, and MoneyKey will check your credit and financial history.

If you are approved for a loan, MoneyKey can usually deposit the funds into your bank account as quickly as the next business day.

Since the loans are intended for short-term use, the repayment varies from five to 18 months, depending on your state. Common reasons for getting MoneyKey personal loans include:

  • Coverage of medical costs.
  • Pay for unscheduled repairs to your home or car.
  • Manage small emergency expenses that do not exceed $ 3,500.

Borrowers cannot use the loans for:

  • Fund illegal activities.
  • Buy drugs.
  • Buy guns.
  • Consolidate and pay off your credit card debt over time.

What are the terms, fees and conditions of MoneyKey loans?

MoneyKey loan rates differ from state to state. If you live in Delaware, for example, your APR will vary depending on your specific loan details and could go up to 295%. APRs for Idaho borrowers, on the other hand, cap at 505% and are dependent on payment schedules.

Likewise, reimbursement conditions vary by state. Idaho borrowers have up to 10 months and can choose to pay weekly, biweekly, monthly, or bi-monthly. In Delaware, the terms are approximately 12 months with the same payment options.

How do you qualify for a MoneyKey personal loan?

You must be at least 18 years of age and a citizen or permanent resident of the United States to be eligible for a MoneyKey personal loan. MoneyKey will verify that you have a bank account, consistent source of income, and a valid email address and phone number.

MoneyKey does not disclose a minimum credit score for a personal loan, but credit scores carry less weight for this provider of small installments and payday loans.

What credit score do you need?

As long as you have a stable income stream, bank account, and valid contact details, you can qualify for a MoneyKey loan even with little or no credit.

Where does MoneyKey work?

MoneyKey is part of the CC Flow division of Capital Community Bank in Provo, Utah, and offers products in 16 states, but not all are available everywhere.

Consult the lender map of services to find out if you can get a personal loan or a line of credit from MoneyKey in your state.

Does MoneyKey provide good customer service?

MoneyKey is not accredited by the Better Business Bureau and has a B rating. Trustpilot has MoneyKey 4.6 out of 5 stars.

How do I reach MoneyKey customer service?

MoneyKey offers customer service by phone, email or online chat.

Call: Call 866-255-1668 9 a.m. to 9 p.m. EST Monday through Friday, 10 a.m. to 6 p.m. Saturday, and 11 a.m. to 7 p.m. Sunday.

Online Chat: You can ask questions from 11:00 a.m. to 7:00 p.m. EST Monday through Friday using the chat feature on the MoneyKey website.

What are some of the online features of MoneyKey?

You can apply for a personal loan through the MoneyKey website or app called MoneyKey Mobile. The app can be used not only to apply for a loan, but also to view documents, apply for additional loans, check the status of the application, and view payment schedules.

If you prefer to handle the loan application and payment processes online, MoneyKey lets you do that. You can call customer service for help if you need it, but you won’t have to speak to anyone when you apply for or accept a loan.


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