State License
MoneyKey is a state-licensed direct lender in Utah. Loans are funded by MoneyKey – UT, Inc. and governed by all applicable laws.
Click below to view the Utah Consumer Credit Notification.
Looking for installment loans in Utah from a reliable lender? You’ve come to the right place. At MoneyKey, our Utah Installment Loans can help you pay for those unexpected expenses that can pop up from time to time.
If you’re approved, we’ll deposit the money into your bank account by the same business day*.
As you move through your credit journey, you may also be eligible for a reduced cost of credit and/or increased loan amounts based on your payment history over time†.
MoneyKey is a state-licensed direct lender in Utah, so when you take out a Utah Installment Loan, you’ll be doing business directly with us and your loan will be funded by us.
We’re available every day to help you throughout your borrowing and repayment process. We have a fully-staffed, friendly and knowledgeable Customer Care team working 7 days a week to answer any loan-related questions you may have.
Loan Amount: $200 to $2,000
Loan Type: Installment Loan
Loan Term: ~12 months
Funding: Same business day*
Pre-Payment Available: Yes
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For a Utah Installment Loan, the amount you can borrow ranges between $200 and $2,000. After we review your application, we’ll let you know how much you may qualify for.
Interest will be charged on your MoneyKey Utah Installment Loan, with a maximum annual percentage rate (APR) of 295%.
The APR, repayment amount and payment schedule will vary depending on the specific details of your loan, which are available in your loan agreement.
This loan is an expensive form of credit and is not intended to meet long-term financial needs. MoneyKey urges you to use this product responsibly.
As you move through your credit journey, you may also be eligible for a reduced cost of credit and/or increased loan amounts based on your payment history over time†.
The Utah Installment Loan term is approximately 12 months, so if you receive your income bi-weekly, semi-monthly or weekly, your loan will be payable in 23 installments. If you receive your income monthly, your loan will be payable in 11 installments.
In this example, the APR is 291.19% for a $1,000 Installment Loan with an Effective Date of 08/13/2020, payable in 23 bi-weekly installments.
| Annual Percentage Rate | Finance Charge | Amount Financed | Total of Payments |
|---|---|---|---|
The cost of your credit as a yearly rate 291.19% | The dollar amount the credit will cost you $1,820.88 | The amount of credit provided to you on your behalf $1,000.00 | The amount you will have paid after you have made all payments as scheduled $2,820.88 |
| Payment Date | Payment Amount |
|---|---|
| 08/27/2020 | $122.68 |
| 09/10/2020 | $122.68 |
In this example, the APR is 291.89% for a $1,000 Installment Loan with an Effective Date of 09/16/2020, payable in 11 monthly installments.
| Annual Percentage Rate | Finance Charge | Amount Financed | Total of Payments |
|---|---|---|---|
The cost of your credit as a yearly rate 291.89% | The dollar amount the credit will cost you $1,627.56 | The amount of credit provided to you on your behalf $1,000.00 | The amount you will have paid after you have made all payments as scheduled $2,627.56 |
| Payment Date | Payment Amount |
|---|---|
| 10/02/2020 | $238.79 |
| 11/04/2020 | $238.78 |
MoneyKey is a state-licensed direct lender in Utah. Loans are funded by MoneyKey – UT, Inc. and governed by all applicable laws.
Click below to view the Utah Consumer Credit Notification.
To qualify for a MoneyKey Installment Loan in Utah, you must:
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.
No, this is not a payday loan. A payday loan is a short-term loan where you are typically required to pay back the loan in full on your next payday. This is an installment loan, which is different because unlike a payday loan, no lump-sum payment is required. With an installment loan, you pay back the loan in installments over time until it is paid off.
Finding a loan to apply for shouldn’t be difficult, it’s convenient to apply online. With an Installment Loan through MoneyKey, you can submit an application right from your phone as long as you have internet access. This simple process takes just minutes to complete.
For details on specific funding cut-off times, visit MoneyKey’s FAQs here.
Yes, and there’s no penalty to pay off your Utah Installment Loan earlier than scheduled. If you’d like to make an early payment, or a larger payment to pay down more of your principal, you may do so by contacting us at 1-866-255-1668. Paying off your loan earlier than scheduled may reduce the total fees you'll pay.
You need to be a resident of Utah to be eligible for a Utah Installment Loan. Whether you live in Salt Lake City, Provo, or in a remote part of the state – we make applying for online installment loans in Utah fast and secure.
If you live in another state, please check our rates page to see if other online loans such as Installment Loans or Lines of Credit are available in the state that you currently live in.
Have more questions? Please refer to our general FAQs page or contact our Customer Care team at 1-866-255-1668.