MoneyKey Loans

Have bad credit and in an emergency? Get a same-day loan up to $2,000 with MoneyKey. MoneyKey is a legit lender with an easy online application, quick approval and fast funding.

T&Cs Apply

New users only

MoneyKey Loans

MoneyKey Review

Review of MoneyKey loans

MoneyKey is a direct online lender that offers loans with quick approval for people with bad credit. Loans are offered for as little as $200 up to a maximum of $2,000. The process is all online and they promise funding in as short as 1 business day.

They offer 3 types of loans: payday loans, installment loans, and a line of credit the call CC Flow. Important to know that not all products are available in all states.

MoneyKey was founded in Texas in 2011 and has since risen to serve over 400,000 customers. With their customer care line, you would be assisted with any loan inquiries and applications. You can use the loans for any expense, here are the most popular reasons people take out a loan from MoneyKey: bills, debt consolidation, unexpected car repair, emergency loan.

The company takes pride in treating customers with respect as they help get access to credit when needed. Their loans have easy requirements. Each loan is processed over their online lending platform. Depending on the time you submitted, you can receive your funds within the same business day.

Table of Contents

    MoneyKey is best for:

    • Fast cash: Great if you need a quick loan with fast approval
    • Applying with bad credit: If you have bad credit and are looking for a loan with easy approval
    • Small loans: Want to borrow a small amount of money (up to $2,000) with a short repayment term.
    • Denied by a bank: Can’t qualify for any other personal loans or have already been denied a loan from another institution

    Why trust CreditPug? We are an independent editorial team with a mission to educate Americans on the importance of good personal finance. We are not compensated by the company in this review.  

    • Quick approval
    • Accepts people with bad credit and minimum income
    • Low minimum loan amount
    • Same day funding
    • Good consumer ratings on review sites like Trustpilot and BBB
    • Interest rates as high as 299% APR
    • Can only borrow up to $2,000
    • Only available in 7 states

    What makes MoneyKey stand out

    • Direct lender: MoneyKey is not a lending medium or a marketplace. Therefore, when applying for a loan, you are directly transacting with them.
    • Good reviews: The majority of their customers left satisfactory reviews on major review websites such as Trustpilot.
    • Transparent terms: MoneyKey has all details, including loan terms and other fees, if there are any. As long as you read your loan contract before signing, you will get all the information you need. You can also check their Rates and Terms page to know more.
    • Accepts people with lower credit scores: MoneyKey processes loan applications from people with good credit scores as well as the ones with lower credit scores.
    • Fast approvals: If you qualify for their loan, you can receive your money within the same day of application

    Why you’ll want to look elsewhere

    • Extremely high rates: The interest rate can reach up to 300% of your loan amount.
    • Fixed repayment length: MoneyKey lists predetermined loan repayment terms, unlike other online lending platforms where you can choose how long you want to pay your loan.
    • Maximum loan amount only up to $2,000: If you’re looking for a larger loan, you might have to look for another lender.
    • Not available nationwide: MoneyKey is only available in the following 12 states: California, Delaware, Idaho, Kansas, Mississippi, Missouri, New Mexico, South Carolina, Tennessee, Texas, Utah, Wisconsin

    MoneyKey a payday loan?

    Yes, MoneyKey offers payday loans.

    A payday loan is just one of the products MoneyKey offers. They are short-term loans aimed to be repaid by the next payday. These are usually a last resort if you’re in an emergency and been denied for a personal loan. You can get payday loans even with a low credit score.

    For MoneyKey payday loans, APR can reach up to 300%. However, each state has different loan terms and loan amount allowance. To understand your fees and repayment terms, it is best to read through their terms and conditions before applying or accepting loans.

    MoneyKey claims to only perform soft credit pulls instead of hard credit checking when reviewing any loan application. This way, your credit score will not be affected by your application. It would also not appear on your credit history.

    How to get approved for a payday loan from MoneyKey (MoneyKey requirements)

    • US Citizen/Permanent resident
    • 18 years and above
    • Have a regular source of income
    • MoneyKey doesn’t specify their minimum credit score for approval but these types of products are catered to people with low or no credit
    • You must have an active checking account
    • Valid contact details (phone number, email address)

    MoneyKey installment loan features

    MoneyKey also offers installment loans that have longer repayment terms than payday loans. The interest rates on these loans are also lower.

    Unlike other online lending platforms, MoneyKey predetermines loan payment terms. Depending on your residence, you can access from $220 ($550 in some states) up to $2,000 loans. The interest rates can also vary by state and your own loan repayment terms.

    On top of that, MoneyKey also offers a line of credit. It works similarly to a credit card. Once approved for this kind of loan, you can withdraw a minimum amount up to your available credit limit. Then, you can continue borrowing as you pay back your principal.

    MoneyKey line of credit features

    What is MoneyKey line of credit?

    MoneyKey’s line of credit is offered through CC Flow, a division of Capital Community Bank (CCBANK). A line of credit works like a traditional loan but with freedom on how much you want to withdraw at a time. For example, if you are approved for a $5,000 line of credit you would have access to that cash in an account but only withdraw from it when you need. You typically only pay interest on the amount that you withdraw from the line of credit, like a credit card.

    Applications for a line of credit also have the same online process, just like their other products. As long as you pay your principal, you can borrow up to your approved credit limit at any time. The credit limit often ranges from $200 to $2000, depending on your state and credit score.

    Is MoneyKey legit?

    Yes, MoneyKey is a legit company. They are a division of Propel Holdings, a publicly listed company on the TSX exchange in Canada. They has been operating since 2011, are licensed in 13 states and have serviced over 400,000 customers to date.

    Satisfied customers have affirmed getting their funds within the day of their application. However, get ready for higher interest rates.

    • Trustpilot score: MoneyKey has an excellent score on Truspilot, rated 4.6 starts with over 3200 reviews. Of the 1 star reviews, customers complain about customer service and interest rates.
    • Better Business Bureau rating: MoneyKey has a B rating from the BBB. There are 53 complaints closed in the last 3 years and 14 closed in the last 12 months.
    • Customer service contact: If you have a question for MoneyKey you can email their customer service team at [email protected]

    How does MoneyKey compare to other lenders

    MoneyKeyCreditNinja Quick Credit Connect
    Est. APR
    Est. APR
    Est. APR
    Est. Loan Term
    6-12 months
    Est. Loan Term
    2-18 months
    Est. Loan Term
    12-48 months
    Loan amount
    Loan amount
    Loan amount
    Min. Credit Score
    Min. Credit Score
    Min. Credit Score
    Min. income
    $1,200 per month*
    Min. income
    $1,200 per month*
    Min. income
    $1,800 per month*

    How to apply for a loan with MoneyKey

    Applying to MoneyKey’s loan products is as simple as these steps:

    1. First, fill out your application form. Provide your personal and financial information truthfully to avoid processing delays or rejected applications. After verifying the validity of your information, submit your application.
    2. Wait for MoneyKey to contact you. After submitting your application online, you only have to wait for the company to contact you. This can take up to 1 business day, with approval in as little as 24 hours.

    Wrapping up

    If you’ve been denied for a loan from your bank and are in an emergency, MoneyKey is a legit lender with next day funding. They a legit company with over 10 years in business and solid reviews.

    Be sure you read an understand the terms of the loan, interest rates and fees before accepting as the cost of a loan from MoneyKey is expensive.