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.

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.

If you have been approved for a CC Flow Line of Credit, draws requested before 3:30 pm ET Monday to Friday will typically be deposited by CC Flow into your bank account the same business day, otherwise funds will be deposited the next business day.

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After you apply, your lender will review your application to determine if you meet their basic lending requirements. This includes checking your credit score, debt-to-income ratio, and employment status. If you meet the lender's requirements, they will move forward with the application process.

Company Overview. MoneyKey is an online lender that offers personal loans and lines of credit to borrowers who may not qualify for other loans due to their credit history. MoneyKey does not disclose minimum credit score requirements. The company was established in 2011 and offers personal loans in seven states.

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.

Unfortunately, getting a loan from a direct lender can be difficult when you have a credit score of 450. or below You might be able to find a lender that will provide you with a loan, but the terms can be risky and will likely include high interest rates and fees.

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.

With a CC Flow Line of Credit, if there is an Outstanding Balance, a borrower will be required to make Minimum Payments. Depending on the borrower's repayment activity, the borrower can make draws, repay and redraw as needed, so long as there is available credit and their account is in good standing.

What is the interest rate for MoneyKey? ›

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.

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.

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.

From application to approval and closing, getting a mortgage can take anywhere from 30 days to 60 days. However, some home purchases can take longer, depending on factors unique to the purchase transaction and the home loan processing time.

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.

Possible may approve your loan within minutes, and you'll usually get funded by the next day.