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Online Installment Loans in Milwaukee
Have you just been hit by an unexpected expense that you can’t afford? MoneyKey is here to help. With our Installment Loans in Milwaukee and throughout Wisconsin, you may qualify for a cash advance between $200 to $2,000 that may help you get through an unforeseen emergency expense.
Pay off your personal Installment Loan in 11 or 23 scheduled installments, depending on whether you are paid monthly, semi-monthly, bi-weekly or weekly. Read our article about the benefits of installment loans and when they may be an effective solution for a short-term financial emergency, before you make the decision to apply for one.
With MoneyKey, the application process for Installment Loans in Milwaukee is easy. It’ll only take you a few minutes to complete, and if you’re approved, you may the cash you need as 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†.
Why Choose Online Loans from MoneyKey?
Details of Our Installment Loans in Milwaukee, Wisconsin
In a state that is the nation’s leading producer of cheese, it’s no wonder that common jobs held by Milwaukee residents fall into the category of cooks and food preparation workers. In 2018, 19,884 residents held one of these positions. But these jobs don’t always pay the highest wages. In Milwaukee, food preparation & serving related occupations had the lowest median income of any group of workers, with average earnings of $16,481 per year. This may make it tough to build up the savings to handle an unexpected bill or repair.
A Wisconsin Installment Loan may be able to help if you’re faced with an emergency expense and don’t have the cash to handle it!
Apply Now or call us at 1-866-255-1668 for more information. MoneyKey also offers Installment Loans in other Wisconsin cities.
Loan Amount of our Installment Loan in Milwaukee
For Installment Loans in Milwaukee, the amount you can borrow will range between $200 and $2,000. After reviewing your application, we will let you know if you qualify for the cash advance and the total amount you may be eligible to receive. If approved, your funds may be deposited into your bank account the same business day*.
Annual Percentage Rate (APR) or Interest Rates
- Interest will be charged on your MoneyKey Wisconsin Installment Loan, with a maximum APR of 295%
- The exact APR, repayment amount and payment schedule will vary depending on specific details of your loan, which can be found in your loan agreement
- This loan is an expensive form of credit and is not meant to meet long-term financial needs MoneyKey advises 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†.
Payment Schedule and Length of Loan
- The term for your Milwaukee Installment Loan will be approximately 12 months
- If you’re paid weekly, bi-weekly, or semi-monthly, your loan will be payable in 23 installments
- If you’re paid monthly, your loan will be payable in 11 installments
Example of Installment Loans in Milwaukee
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 Schedule
| Payment Date | Payment Amount | |
|---|---|---|
| 03/05/2021 | $67.96 | |
| 03/19/2021 | $67.96 | |
|
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||
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 Schedule
| Payment Date | Payment Amount | |
|---|---|---|
| 02/26/2021 | $132.88 | |
| 03/30/2021 | $132.87 | |
|
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Installment Loans in Milwaukee are not Intended to Meet Long-Term Financial Needs
Short term loans, such as installment loans, are not intended to meet long-term financial needs. Installment loans offered by MoneyKey in Milwaukee should only be used to meet short-term emergency cash needs. An installment loan may serve as a viable financial solution when facing unexpected, emergency expenses, such as immediate car repairs that must be made to help you travel to and from work and home repairs, like replacing leaky pipes.
State Licensed Direct Lender
MoneyKey is a state-licensed direct lender in Wisconsin. Loans are funded by MoneyKey – WI, Inc. and governed by all applicable laws.
Frequently Asked Questions
What are the minimum requirements for an Installment Loan in Milwaukee, Wisconsin?
In order to qualify for a MoneyKey Installment Loan in Milwaukee, borrowers must:
- Be at least 18 years old
- Be a US citizen or a permanent resident
- Be a resident of Idaho
- Have an active bank account
- Have a regular source of income
- Have a valid contact number and an active email address
MoneyKey does not currently offer credit products with rates that allow us to lend to covered members of the U.S. Armed Forces and their dependents.
Can I qualify for a Milwaukee Installment Loan with a bad credit score?
Yes, you may qualify for an Installment Loan with MoneyKey, even if you have a bad credit score.
How long will I have to wait if I’m approved for an Installment Loan in Milwaukee?
If approved, your funds may be deposited into your bank account the same business day.
Do I need to make an appointment if I want to apply for an online installment loan with MoneyKey?
You won’t need an appointment to apply for your online loan. Just click here to begin the application process. The application process is simple and may take only a few minutes to complete.
For more information, feel free to contact our Customer Care team at 1-866-255-1668. You can also find more information about us and our products and services by visiting our general FAQs page.