If you’re looking for quick installment loans in Idaho from a reliable lender, MoneyKey may be able to help you. An Installment Loan is a short-term loan with payments that are spread out over time.
We make applying for online installment loans in Idaho fast and secure. 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 throughout the borrowing and repayment process.
Once you’re approved, you may receive money in your bank account 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†.
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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The amount you can borrow for an Idaho Installment Loan will range between $200 and $2,000. After we review your application, we’ll let you know if you’re approved and how much you may qualify for.
Interest will be charged on your MoneyKey Idaho Installment Loan, with a maximum annual percentage rate (APR) of 295%. Your APR will depend on your exact payment schedule, which is available in your loan agreement. See the below examples for common MoneyKey loans in Idaho 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.
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†.
Your loan payments typically start on your next payday and run for approximately 12 months. If you are paid monthly, you’ll have 11 scheduled installments. If you are paid weekly, bi-weekly, or semi-monthly, you’ll have 23 scheduled installments.
In this example, the APR is 290.89% for a loan of $550 with an effective date of 02/18/2021, 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 290.89% | The dollar amount the credit will cost you $1,012.83 | The amount of credit provided to you on your behalf $550.00 | The amount you will have paid after you have made all payments as scheduled $1,562.83 |
| Payment Date | Payment Amount |
|---|---|
| 03/05/2021 | $67.96 |
| 03/19/2021 | $67.96 |
In this example, the APR is 290.41% for a loan of $550, with an effective date of 02/12/2021, payable in 11 monthly installments.
| Annual Percentage Rate | Finance Charge | Amount Financed | Total of Payments |
|---|---|---|---|
The cost of your credit as a yearly rate 290.41% | The dollar amount the credit will cost you $911.59 | The amount of credit provided to you on your behalf $550.00 | The amount you will have paid after you have made all payments as scheduled $1,461.59 |
| Payment Date | Payment Amount |
|---|---|
| 02/26/2021 | $132.88 |
| 03/30/2021 | $132.87 |
MoneyKey is a state-licensed direct lender in Idaho. Loans are funded by MoneyKey – ID, Inc. and governed by all applicable laws in Idaho. For more information on the license status of MoneyKey – ID, Inc., please visit the Idaho Department of Finance's website or call (208) 332-8000.
To qualify for a MoneyKey Installment Loan in Idaho, you must:
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.
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.
If you need funds to help you deal with an emergency expense, an Installment Loan in Idaho through MoneyKey may be able to help. Submit an application online in just minutes and if approved, you may get the help you need as soon as the same business day*.
If approved, funds may be deposited to your bank account the same business day*.
Yes, and there’s no penalty to pay off your Idaho 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 calling us at 1-866-255-1668 or emailing customercare@moneykey.com. We encourage you to pay your loan off as quickly as possible as doing so may reduce the total finance charges you’ll pay.
To be eligible for an Idaho Installment Loan, you need to be a resident of Idaho. Our customers come from across the state, from Boise in the West to Idaho Falls in the East, and towns in between like Pocatello. Wherever you live in Idaho, MoneyKey is here for you.
If you live in another state, please check our Products & Services 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.
No, you won’t be required to make an appointment. As long as you have access to the Internet, you should be able to apply for online loans in Idaho through MoneyKey when the need arises. To start your application, all you need to do is click here. Submitting a request for this Idaho Installment Loan is easy and it’ll only take you minutes to complete◆.
If you’d like to receive more details on this process, you can call us at 1-866-255-1668 and someone from the Customer Care team will be happy to help you.
Yes, they might. Before you submit an application for an installment loan online, you should find out if the payments you make on your online loan are going to be reported to a credit bureau. If the answer is yes, there’s a good chance that your credit score could be impacted to one degree or another. Depending on the timelines of your online installment loan payments, this impact could be negative or positive. You’ll want to make sure you don’t do any damage to your credit score or your general financial standing, and one way to help yourself avoid that is to always make your online loan payments on time.
Both installment loans and lines of credit are common types of borrowing options that can help with emergency expenses. However, there are significant differences between the two that can affect the borrower's financial planning and budgeting.
An installment loan is a type of loan where the borrower receives a fixed amount of money upfront and repays the loan over a set period, typically in equal installments. The interest rate on an installment loan is typically fixed, meaning that it remains the same throughout the term of the loan, making it easier for borrowers to budget and plan for repayment. Once the online installment loan has been fully repaid, the loan will be considered closed.
On the other hand, a line of credit is a revolving loan that allows borrowers to access a certain amount of funds on an ongoing basis, up to a pre-approved limit. With a line of credit, borrowers can withdraw money as needed, up to the credit limit, and only pay interest on the amount borrowed. The interest rate on a line of credit can sometimes be variable, which means it can change over time, and the borrower may have to pay additional fees or charges, such as an annual fee or a cash advance fee. This will depend on the type of product and the financial institution issuing the loan.
Overall, the main differences between an installment loan and a line of credit are that an installment loan is a lump sum of credit and requires fixed payments, while a line of credit is a revolving loan that can be used on a continuous basis. Which type of loan is best for you will depend on your individual financial situation and borrowing needs.
Emergency situations can happen to anyone, and often they require quick access to funds to resolve the issue. In some cases, online loans can be a viable solution to cover unexpected expenses. Here are some common emergency situations that may make you consider applying for an installment loan online in Idaho:
Unexpected expenses can arise at any time, and online installment loans in Idaho can be a helpful solution in certain emergency situations. However, it's important to carefully consider the terms and conditions of the loan and ensure that you can afford the payments before applying.
A personal loan in general can be a useful short-term solution to cash flow problems in an emergency situation, but there may be some benefits that you’ll see when you decide to apply for one online. This can include things like: