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Online Installment Loans

Online Installment Loans

Paying for unexpected expenses while managing your monthly bills can be a challenge. If you're looking for a short-term solution, then an online installment loan from a direct lender may be a helpful option if you need a loan with a longer repayment term. Installment loans can vary in amount and are repaid over a period of time through a number of scheduled payments.

Examples of Installment Loans

Installment loans are a common, short-term financial solution. The following are some examples of the more popular types of personal installment loans.

Auto Loans

Auto loans are loans taken out when purchasing a vehicle, such as a car, motorcycle, or truck. These loans are typically paid off in a series of regular payments. Auto loans are secured loans, which means they require the borrower to offer a valuable item to serve as collateral. Many auto installment loans have a repayment term between 36 months and 60 months (3-5 years) long. Although a longer term usually means that each payment is lower, longer terms typically come with a higher interest rate. As a result, you may actually end up paying significantly more for your vehicle with a long-term auto loan.

Personal Loans

Personal loans may be one of the best options for obtaining quick cash to help cover an emergency expense. Personal loans have varying repayment terms, with some starting at a few months and others extending to several years. Unlike secured loans, such as auto loans, personal loans usually do not require the borrower to offer collateral; however, the interest rates applied to personal loans are typically higher than other types of installment loans.


A mortgage is a common type of homeowner loan. When financing a home, you will likely make monthly payments until the full balance is paid off. The payments may typically cover the cost of the loan’s principal balance, as well as the interest and taxes. Because the principal tends to be high, the repayment term is one of the longer-term installment loans. Mortgages have varying repayment terms, with many people choosing to repay over a 15 to 30-year term.

Payday Loans

Payday loans, like installment loans, are short-term, high-cost loans that often have a principal balance of less than $1,000. Unlike installment loans, instead of paying off the principal balance over several months or years, payday loans are typically paid off within one month (on the borrower’s next pay date or payday). Like installment loans, payday loans are helpful if you are experiencing an emergency bill or payment that must be paid within a few days or weeks. Direct lenders can provide funds for your payday loan usually within an extremely short amount of time – often within 1 or 2 business days!

Installment Loans You Can Rely On


Fast Approval

If approved, you may receive your money as early as the same business day*.


No early payments fee

Pay your Installment Loan partially or fully at any time with absolutely no prepayment penalty.


Friendly customer support

Have questions? Speak to our friendly Customer Care agents who are available 7 days a week.

Get Money When You Need It!

With MoneyKey, you’ll have an easy & secure application process for Installment Loans.

Ready to apply?

We understand that a financial emergency can strike at any time. When unexpected expenses occur, you can apply online for a short-term personal loan even if you have a bad credit score or no credit score at all. If your application is approved, you may receive funds as early as the next business day. Feel free to call us if you have any questions.

Requirements to Qualify

  • Be of legal age to contract in your state
  • Be a US citizen or Permanent Resident
  • Be a resident in a state where the Installment Loan is offered
  • Have an active bank account
  • Have a regular source of income
  • Have a valid contact number and an active email address

Please note that currently, no credit products offered through MoneyKey have rates that would meet the requirements applicable to lend to covered members of the US Armed Forces and their dependents.

Apply Online


Apply for an Installment Loan online and receive your money as early as the next business day.

Apply now

Speak to an agent


Need help filling out the online application? Call us at 1-866-255-1668 and one of our agents will be happy to help you.


What Our Customers Have To Say


How to Be Responsible with Installment Loans

Personal loans are a short-term financial solution to help you deal with unexpected expenses. It is vital to practice responsible borrowing in order to avoid long-term financial consequences. Here are three suggestions to practice responsible borrowing:


1. Ensure You Can Make Your Scheduled Payments

As installment loans are generally repaid over a period of time through a number of scheduled payments, make sure you understand how many payments are required and what each payment consists of. Additionally, if you miss a payment or fail to make a payment in full, some lenders may charge you additional fees that can leave you owing much more than anticipated. With Installment Loans through MoneyKey, there are no late fees for missed payments.

Making sure you have enough income to make your payments on time and maintaining a low debt-to-income ratio are two important ways to practice responsible borrowing.

2. Consider the Cost of the Personal Loan

A personal installment loan is an expensive form of credit. This is why you need to ensure you understand what fees and/or interest will be charged. When you need money quickly to cover an emergency expense, it may be tempting to skim over the loan agreement without fully understanding the terms and conditions. However, make sure you understand how your payment schedule works, including the frequency of payments and the amount of each payment. If there are terms of the Installment Loan offered through MoneyKey that you don’t understand, contact our Customer Care team who will be happy to help.

3. Make Additional Payments

Making additional payments towards your installment loan may reduce the overall cost of your loan. With Installment Loans through MoneyKey, there is no penalty for making payments early on your Installment Loan.

Frequently Asked Questions


General Inquiries

What are installment loans?

An installment loan is a loan that is repaid through multiple scheduled payments spread out over time. With certain types of installment loans, your due dates may coincide with your pay dates. Some common examples of installment loans include:

What is the difference between long-term installment loans and short-term installment loans?

Depending on the loan amount and repayment term, installment loans can be categorized into long-term or short-term installment loans. Loans that can be paid off within a few months or years are generally referred to as short-term. These loans can be used to pay for emergency expenses like medical bills, home maintenance, etc. Long-term installment loans, such as mortgages, are generally paid in 20 to 30 years depending on the loan amount and the repayment term. Unlike most short-term installment loans, long-terms loans are usually secured and require you to pledge collateral.

What is the difference between an installment loan and a payday loan?

While both types of loans provide you with the money you need, the main difference between an installment loan and a payday loan is the loan term and fee structure. A payday loan is usually due in full on your next pay date, whereas an installment loan is usually repaid through a series of scheduled payments.

What are installment loans direct lenders?

Installment loans direct lenders are loan providers that issue loans directly to the borrower without any intermediary service or broker.

Is MoneyKey an installment loan direct lender?

MoneyKey is a state-licensed, installment loan direct lender in Delaware, Idaho, Mississippi, Missouri, Utah and Wisconsin.

In Texas, MoneyKey is not the direct lender but is licensed as a Credit Services Organization (CSO) and a Credit Access Business (CAB). In Texas, loans are funded by third-party lenders and serviced by MoneyKey.

In the states of Alabama, Alaska, Arizona, Arkansas, Florida, Hawaii, Indiana, Kentucky, Louisiana, Michigan, Montana, Nebraska, Oklahoma, and Wyoming, MoneyKey is a servicer of the CC Flow Line of Credit. Consumers can apply for a CC Flow Line of Credit through the MoneyKey website.

Is working with an installment loan direct lender the right option for me?

Depending on the lender, working with direct lenders for installment loans may be a good option because they may be able to provide a single point of contact and protect your personal and financial information. When you are working with non-direct lenders or non-licensed service providers, your information may be passed to multiple potential lenders who may or may not extend a loan to you.

Although MoneyKey is not a direct lender in the state of Texas, MoneyKey is a licensed CAB/CSO and acts as the point of contact between you and the lender.


Application Inquiries

In what states are online installment loans offered through MoneyKey?

As an Installment Loan direct lender or credit services provider, MoneyKey offers or arranges Installment Loans in:

Lines of Credit are also available through MoneyKey:

The MoneyKey Line of Credit is available in Kansas & Tennessee; and The CC Flow Line of Credit is currently available in Alabama, Alaska, Arizona, Arkansas, Florida, Hawaii, Indiana, Kentucky, Louisiana, Michigan, Montana, Nebraska, Oklahoma, and Wyoming. The CC Flow Line of Credit is provided by CC Flow, a division of Capital Community Bank, a Utah Chartered bank, located in Provo, Utah, Member FDIC.

How much am I allowed to borrow?

Installment Loans through MoneyKey range between $200 – $2,500. The amount you may be eligible for depends on several factors, such as your monthly income and the maximum loan amount offered in your state. To view the loan amounts available in your state, see our Rates & Terms Page.

Are there any direct lenders that offer installment loans for people with poor credit?

Applying for installment loans online from direct lenders may be a good option for people with poor credit. Some lenders will approve a loan if you have:

Installment Loans through MoneyKey are available even to people with poor credit or no credit. You can start your application by clicking here.

When will the money be deposited into my bank account?

For specific funding cut-off times, visit MoneyKey’s FAQs here.

Payment Inquiries

How do I pay back my Installment Loan through MoneyKey?

Your Installment Loan will be paid back in several scheduled installments, with the due dates typically set up to coincide with your pay dates. Refer to your loan agreement for your specific repayment details.

You may pay off your Installment Loan in full or make additional payments at any time without penalty. Making additional payments may reduce the amount of interest and/or fees that you will pay on your loan. If you would like to make an additional payment before a scheduled payment date, you can contact our Customer Care team by:

MoneyKey encourages you to pay off your Installment Loan as quickly as possible to reduce the total cost of your loan.

How are my payments set up?

In most cases, your payment dates for Installment Loans through MoneyKey will be set up to match the pay frequency that you have with your employer/source of income. For example, if your payroll is set for bi-weekly Fridays, your due dates will generally align with that schedule.

What happens if I’m unable to make my full scheduled payment?

Financial misfortunes can leave you in quite the bind, putting you in a position where you are unable to pay your scheduled payment. If this happens, contact us as soon as possible.

Account Inquiries

How do I check my account status?

You can log into your account by clicking here to check your loan status, account balance, payment history and loan agreement.

Can I re-apply for another Installment Loan?

If your account is in good standing and you have paid off your prior loan, you may re-apply for another personal loan. You can log into your account and apply for another loan within minutes or contact our Customer Care team at 1-866-255-1668 if you have any questions.

We’ve helped over 400,000 customers. Let us help you!