Installment Loans in Alabama

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Online Installment Loans in Alabama

The Alabama Installment Loan is no longer offered through MoneyKey. If you currently have an Alabama Installment Loan, please refer to your loan agreement for your terms and conditions.

Still need funds? You may qualify for a Line of Credit through CreditFresh* with a credit limit of up to $3,500 by clicking “Continue” below.


Please note that by clicking “Continue”, you are navigating away from the MoneyKey website to the website of an affiliated third party.

*The Line of Credit through CreditFresh may be originated by one of several Bank Lending Partners. MoneyKey does not assume responsibility or liability for any actions taken by you in relation to any products and/or services offered through CreditFresh.

When you’re short on cash and need it fast, MoneyKey is one of the loan companies in Alabama that may be able to help. An Installment Loan is a short-term loan with payments that are spread out over time. There may be options to apply for Alabama Installment Loans for bad credit.

We not only offer a secure web platform to apply for an Alabama Installment Loan, but we also have a fully-staffed, friendly and knowledgeable Customer Care team available 7 days a week to answer any loan-related questions you may have. If you’re approved, we’ll deposit the money in your bank account as early as the next business day*.


Loan Amount: $2,000 to $2,600

Loan Type: Installment Loan

Loan Term: ~18 months

Funding: 1 business day*

Pre-payment Available: Yes

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How Online Loans in Alabama Work

1. Submit Your Application

2. Get Approved

3. Get Money The Same Business Day*

Loan Details

Loan Amount

For an Alabama Installment Loan, you can borrow between $2,000 and $2,600. Complete our application and we’ll quickly let you know if you’re approved and how much you may qualify for.

Cost of Loan

Interest will be charged on your MoneyKey Alabama Installment Loan, with a maximum Annual Percentage Rate (APR) of 220%. Your APR is dependent on your exact payment schedule, which is available in your loan agreement. See the below examples for common MoneyKey Installment Loans in Alabama and their corresponding APRs.

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.

Term of Loan

The Alabama Installment Loan term is approximately 18 months, so if you receive your income bi-weekly, semi-monthly or weekly, your loan will be payable in 36 installments. If you receive your income monthly, your loan will be payable in 18 installments.

Here are some examples:

In this example, the APR is 218.39% for a loan of $2,000, payable in 36 bi-weekly installments, with an effective date of 06/16/2017.

 Annual Percentage RateFinance ChargeAmount FinancedTotal of Payments
The cost of your credit as a yearly rate


The dollar amount the credit will cost you


The amount of credit provided to you on your behalf


The amount you will have paid after you have made all payments as scheduled


Payment Schedule

Payment DatePayment Amount

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In this example, the APR is 218.96% for a loan of $2,000, payable in 18 monthly installments, with an effective date of 07/12/2017.

 Annual Percentage RateFinance ChargeAmount FinancedTotal of Payments
The cost of your credit as a yearly rate


The dollar amount the credit will cost you


The amount of credit provided to you on your behalf


The amount you will have paid after you have made all payments as scheduled


Payment Schedule

Payment DatePayment Amount

View More

State License

MoneyKey is a state-licensed direct lender in Alabama. Loans are funded by MoneyKey – AL, Inc. and governed by all applicable laws.

Click below to view the Alabama license.

Alabama state license

Online Installment Loans in Alabama: Frequently Asked Questions

  • How do I qualify for an online loan in Alabama with MoneyKey?

    To qualify for a MoneyKey Installment Loan in Alabama, you must:

    • Be at least 19 years old
    • Be a US citizen or a permanent resident
    • Be a resident of Alabama
    • Have an active bank account
    • Have a regular source of income
    • Have a valid contact number and an active email address

    Please note that we currently do not offer credit products with rates that allow us to lend to covered members of the US armed forces and their dependents.

  • Is this a payday loan?

    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.

  • Can I get same day funding?

    If approved, we’ll typically deposit the money in your account the next business day*.

  • Can I pay my loan off my online loan in Alabama early?

    Definitely. Paying off your loan early may reduce the overall interest charges you’ll pay and there’s no penalty to do so. If you’d like to make an early payment, or a larger payment to pay down more of your principal, please call us at 1-866-255-1668 or email

  • I don’t live in Alabama, can I still apply for an online installment loan?

    You have to live in Alabama to get an online Alabama Installment Loan. Whether you live in cities like Birmingham or Montgomery, or in a smaller town like Scottsboro, we make applying for online Installment Loans in Alabama easy.

    If you live in another state, please check our rates page to see if other online loans such as Installment Loans, Payday Loans or Lines of Credit are available in the state that you currently live in.

Have more questions about Online Loans in Alabama with MoneyKey, or the borrowing process in general? Please refer to our general FAQ page or contact our Customer Care team at 1-866-255-1668.

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Not all applications are approved; duration of approval process may vary. Credit limits/loan amounts are subject to further verification criteria. If you are a returning customer, loan amounts may vary.

*If approved, any requested funds may typically be deposited into your bank account the same business day; timing of funding may vary by product and state. The date and time funds are made available to you by your bank are subject to your bank's policies. For specific funding cut-off times, click here.

**You may request a draw from your Line of Credit at any time, so long as you have available credit and your account is in good standing. In the State of South Carolina, you can withdraw the total credit available to you all at once, or in smaller amounts over time as you need it, with a required minimum draw of $610.

As you move through your credit journey, your account may become eligible for reduced charges and/or increased credit limits/loan amounts based on good payment history over time. You will receive notices, as applicable, regarding your individual circumstances and eligibility.

Depending on your state of residence, applications submitted on this website may be originated by one of several lenders, including: CC Flow, a division of Capital Community Bank (CCBank), a Utah Chartered bank, located in Provo, Utah, Member FDIC. The CC Flow Line of Credit is provided by CC Flow. Additionally, CC Flow maintains critical control over loan origination, underwriting approvals, and regulatory and compliance oversight management. MoneyKey is an authorized servicer of CC Flow. This means the CC Flow Line of Credit is available through MoneyKey and you will maintain your CC Flow Line of Credit account through MoneyKey.

Product availability varies by state. To see loan products offered in your state of residence, please visit our Rates and Terms page.

MoneyKey – TX, Inc. is licensed as a Credit Access Business (CAB), License No. 16641-62815, by the Office of the Consumer Credit Commissioner and registered as a Credit Services Organization (CSO), Registration No. 20110150, by the State of Texas. All loans for which MoneyKey acts as a CSO/CAB are funded by an unaffiliated third-party lender and serviced by MoneyKey. In the State of California, MoneyKey – CA, Inc. is licensed by the Department of Financial Protection and Innovation pursuant to California Deferred Deposit Transaction Law License No.1004516.

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