Our experts answer readers’ personal loan questions and write unbiased product reviews (here’s how we assess personal loans). In some cases, we receive a commission from our partners; however, our opinions are our own.

MoneyKey Personal Loans

2.5/5

A five pointed star

A five pointed star

A five pointed star

A five pointed star

A five pointed star

MoneyKey Personal Loans

2.5/5

A five pointed star

A five pointed star

A five pointed star

A five pointed star

A five pointed star


Regular Annual Percentage Rate (APR)

up to 306.00% (rates vary by state)


Loan Amount Range

$200 to $2,000

Compare loan options and get your rates today.


MoneyKey Personal Loans

Details


Regular Annual Percentage Rate (APR)

up to 306.00% (rates vary by state)


Loan Amount Range

$200 to $2,000

Pros & Cons
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Highlights
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Additional Reading
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See Insider’s picks for the best personal loans >>

Who is MoneyKey Best For?

MoneyKey is best for borrowers who need money fast and can’t qualify for a personal loan elsewhere. If you’re only looking for a small amount of money, the lender could also be an alright choice. 

To be clear, MoneyKey charges exorbitant interest rates that will add hundreds of dollars of cost on your loan. Proceed with extreme caution if you borrow with the company. Its rates border on those you’d find with payday lenders. According to the Consumer Finance Protection Bureau, a typical two-week payday loan with a $15 per $100 fee equates to an APR of almost 400%. 

MoneyKey Personal Loan Details

You’re only able to get a MoneyKey installment loan in Delaware, Idaho, Mississippi, Missouri, Texas, Utah, and Wisconsin. MoneyKey used to offer installment loans in Illinois and New Mexico, but no longer originates new loans in those states. The company offers lines of credit in other states, but not installment loans. 

To get a loan, you’ll need to meet the following requirements:

  • Be the legal age of majority where you reside
  • Have an open and active bank account
  • Have a steady source of income
  • Have a valid contact number
  • Have an active email address

While the loan terms are generally the same, depending on the state you live in, your loan terms will vary:

MoneyKey Personal Loan Pros and Cons

How to Apply for a MoneyKey Personal Loan

1. Verify where you live. You’ll first need to select your state of residence. Only residents of Delaware, Idaho, Mississippi, Missouri, Texas, Utah, and Wisconsin can take out an installment loan with MoneyKey. 

2. Choose the amount of money you want. Most states have a loan amount range between $200 to $2,000. 

3. Submit and verify your information. You’ll need to input your name, birthday, and Social Security number. After filling out a formal application, you might have to send in proof of income, like a W-2, tax returns, or other financial documents. 

4. Accept the money and work on a repayment plan. Work your monthly payments into your budget, and make sure you have enough money to cover all of your financial responsibilities. 

MoneyKey Personal Loans

2.5/5

A five pointed star

A five pointed star

A five pointed star

A five pointed star

A five pointed star

MoneyKey Personal Loans

2.5/5

A five pointed star

A five pointed star

A five pointed star

A five pointed star

A five pointed star


Regular Annual Percentage Rate (APR)

up to 306.00% (rates vary by state)


Loan Amount Range

$200 to $2,000

Compare loan options and get your rates today.


MoneyKey Personal Loans

Details


Regular Annual Percentage Rate (APR)

up to 306.00% (rates vary by state)


Loan Amount Range

$200 to $2,000

Pros & Cons
Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Highlights
Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Additional Reading
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MonkeyKey Frequently Asked Questions

Yes, MoneyKey is a legitimate business founded in 2011 with headquarters in Delaware. It offers installment loans and lines of credit to borrowers in seven states. 

MoneyKey is an online lender that offers short-term personal loans to borrowers with lower credit scores at high interest rates.

MoneyKey does not have a minimum credit score to qualify for a personal loan.

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. The company won’t report your loan to the credit bureaus unless you default.

Depending on where you live, one of several lenders may originate your application. This includes CC Flow, a division of Capital Community Bank (CCBank), a Utah Chartered bank, located in Provo, Utah, Member FDIC.

MoneyKey has a B rating from the Better Business Bureau. The BBB cites 54 complaints filed against the business as the reason for its rating. The BBB evaluates companies by looking at responses to customer complaints, honesty in advertising, and transparency about business practices. 

MoneyKey Personal Loans Competitors

MoneyKey, Fig Loans, and OppLoans are slightly lower-cost alternatives to payday loans, many of which have interest rates around 400%. However, you’ll still pay a much higher interest rate with these three than you would with a traditional personal loan lender.

MoneyKey Personal Loans vs. OppLoans Personal Loans

OppLoans Personal Loan terms range from nine months to 24 months, depending on the state you live in. MoneyKey has either a six- or 12-month term length, depending on where you live. 

Neither company has a minimum required credit score.

MoneyKey Personal Loans vs. Fig Personal Loans

Fig Personal Loan has term lengths ranging from one to six months, while MoneyKey has either a six- or 12-month term length. Both depend on where you live.

MoneyKey and Fig don’t have a minimum credit score to qualify, so they could be a good option for borrowers who have been denied by other companies due to a poor credit history. 

MoneyKey Personal Loans

2.5/5

A five pointed star

A five pointed star

A five pointed star

A five pointed star

A five pointed star

MoneyKey Personal Loans

2.5/5

A five pointed star

A five pointed star

A five pointed star

A five pointed star

A five pointed star


Regular Annual Percentage Rate (APR)

up to 306.00% (rates vary by state)


Loan Amount Range

$200 to $2,000

Compare loan options and get your rates today.


MoneyKey Personal Loans

Details


Regular Annual Percentage Rate (APR)

up to 306.00% (rates vary by state)


Loan Amount Range

$200 to $2,000

Pros & Cons
Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Highlights
Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Additional Reading
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Why You Should Trust Us: How We Rated MoneyKey

We rate all personal loan products in our reviews and guides on a 1-5 scale. The overall rating is a weighted average that takes into account seven different categories, some of which are judged more heavily than others. They are:

  • Interest rate (20% of rating)
  • Fees (20% of rating)
  • Term lengths and loan amounts (15% of rating)
  • Funding speed (15% of rating)
  • Borrower accessibility (15% of rating)
  • Customer support (7.5% of rating)
  • Ethics (7.5% of rating)

Each category’s weighting is based on its importance to your borrowing experience. Rates and fees have the most direct impact on the overall cost of your loan, so we weigh those the most heavily. Customer support and ethics are still very important parts of the borrowing experience, but do not directly tie to a personal loan’s terms, so they have less of an impact on the overall rating. 

See more on how we rate personal loans >>