Online Installment Loans in Milwaukee
Have you just been hit by an unexpected expense that you can’t afford? MoneyKey has your back. With our Installment Loans offered in Milwaukee and throughout Wisconsin, you may be able to get a cash advance from $150 to $1,000 to get you through an unforeseen emergency expense. Pay off your personal installment loan in 10 or 20 scheduled installments, depending on whether you are paid monthly, semi-monthly, bi-weekly or weekly.
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’ll have the cash you need as soon as the next business day*.
Details of Our Installment Loans in Milwaukee, WI
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 2017, 10,161 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 second lowest median income of any group of workers, with average earnings of $16,623 per year. This may make it tough to build up the savings to handle an unexpected bill or repair.
Luckily, if you’re faced with a one of these emergency expenses and don’t have the cash to handle it, a Wisconsin Installment Loan may be able to help!
Apply Now or call us at 1-866-255-1668 for more information.
Loan Amount of Our Installment Loan in Milwaukee
- $150 to $1,000
Annual Percentage Rate (APR) or Interest Rates
- The maximum APR would be 505%
- If you are approved for a loan, specific loan details 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
Payment Schedule and Length of Loan
- The term for your Milwaukee Installment Loan will be approximately 10 months
- If you’re paid weekly, bi-weekly, or semi-monthly, your loan will be payable in 20 installments
- If you’re paid monthly, your loan will be payable in 10 installments
Here are some examples:
In this example, the APR is 479.71% for a loan of $500 with an effective date of 01/02/2018. This is based on a loan payable in 20 bi-weekly installments.
| Annual Percentage Rate | Finance Charge | Amount Financed | Total of Payments | |
|---|---|---|---|---|
The cost of your credit as a yearly rate 479.71% | The dollar amount the credit will cost you $1,485.47 | The amount of credit provided to you on your behalf $500.00 | The amount you will have paid after you have made all payments as scheduled $1,985.47 |
Payment Schedule
| Payment Amount | Payment Date | |
|---|---|---|
| 01/19/2018 | $99.26 | |
| 02/02/2018 | $99.25 | |
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In this example, the APR is 476.62% for a loan of $500 with an effective date of 01/02/2018. This is based on a loan payable in 10 monthly installments.
| Annual Percentage Rate | Finance Charge | Amount Financed | Total of Payments | |
|---|---|---|---|---|
The cost of your credit as a yearly rate 476.62% | The dollar amount the credit will cost you $1,296.67 | The amount of credit provided to you on your behalf. $500.00 | The amount you will have paid after you have made all payments as scheduled $1,796.67 |
Payment Schedule
| Payment Date | Payment Amount | |
|---|---|---|
| 01/17/2018 | $179.58 | |
| 02/21/2018 | $179.58 | |
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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, WI?
In order to qualify for an online Loan with MoneyKey in Milwaukee, borrowers must:
- Be at least 18 years old
- Be a US citizen or a permanent resident
- Be a resident of Wisconsin
- Have an active bank account
- Have a regular source of income
- Have a valid contact number and an active email address
As it currently stands, MoneyKey does not offer loans with rates that allow us to provide personal loans to members of the U.S. armed forces or 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, if you meet the previously listed requirements.
How long will I have to wait for a cash advance with an Installment Loan in Milwaukee?
If approved, your funds may be deposited into your bank account as soon as the next business day.
Do I need to set an appointment if I want to apply for an online installment loan with MoneyKey?
You won’t need any appointment to apply for your online loan. Just click here to begin the application process, or call one of our Customer Care agents at 1-866-255-1668 to apply. Either way, this process is simple and may take only a few minutes to complete.
Taking out a loan when you’re in a difficult position financially is no small choice. If you need more information or guidance, feel free to contact our Customer Care team at 1-866-255-1668. You can also find more information about us and our products by visiting our general FAQ page.
