State License
MoneyKey is a state-licensed direct lender in Missouri. Loans are funded by MoneyKey – MO, Inc. and governed by all applicable laws.
Click image below to view our Missouri license.
MoneyKey is a reliable, state-licensed direct lender for online installment loans in Missouri. Our online application process only takes minutes to complete. If approved, you can have money deposited into 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†.
Whenever you need money to pay for unexpected expenses, MoneyKey can help you borrow funds in Missouri. We have a friendly and knowledgeable Customer Care team working 7 days a week to answer any loan-related questions you may have throughout the borrowing and repayment process.
Loan Amount: $200 to $2,500
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 will range between $200 and $2,500. After we review your application, we’ll let you know how much you qualify for.
Interest will be charged on your MoneyKey Missouri Installment Loan, with a maximum annual percentage rate (APR) of 295%. The APR is the cost of credit expressed as a yearly rate. 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†.
Your loan payments typically start on your next pay date 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 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 Missouri. Loans are funded by MoneyKey – MO, Inc. and governed by all applicable laws.
Click image below to view our Missouri license.
To qualify for a MoneyKey Installment Loan in Missouri, 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 in Missouri, 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.
MoneyKey offers online Installment Loans in Missouri with a fast application process. You can start your application from anywhere you get internet, 24 hours a day, 7 days a week. You won’t need to worry about wait times, business hours, or appointments in order to begin the application process.
For details on specific funding cut-off times, visit MoneyKey’s FAQs here.
Yes, and there’s no penalty to pay off your Missouri 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 by emailing us at customercare@moneykey.com. Paying off your loan early may reduce the total finance charges you’ll pay.
To be eligible for a Missouri Installment Loan, you need to be a resident of Missouri. Whether you live in the busy cities of St. Louis or Kansas City, or in a quiet town like Joplin, we make applying for online Installment Loans in Missouri fast and secure. 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. If you have Internet access, you’ll be able to apply for Missouri loans online through MoneyKey whenever it’s most convenient for you. If you want to get the application process started, you simply need to click here to apply. Submitting a request for online installment loans in Missouri 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.
An installment loan is a type of loan where the borrower, if approved, receives a lump sum of money, which they repay over a fixed period of time in a set number of payments. Each payment includes both principal and interest, and the loan is considered fully paid off once the final payment is made.
On the other hand, a line of credit is a revolving borrowing option that allows the borrower to draw money as needed, up to a predetermined credit limit. Interest and/or fees are only charged on the amount borrowed, and payments are made based on the billing cycle.
Overall, the key difference between an installment loan and a line of credit is that an installment loan provides a fixed amount of money with a set repayment schedule, while a line of credit offers flexibility in borrowing. They each may be better suited to certain people and certain situations, so it’s important for you to determine which option may work best for you.
On some occasions, they may. If the payments you’re making on your Missouri installment loans are reported to a credit bureau, this might have an effect on your credit score. The nature of that impact may be determined by whether or not your online loan payments are made on time or not, but in either case, there may be some impact in either direction. Ultimately, it’s essential that you always make timely payments on your online loans in Missouri, and all your loans in general.
Whether you’re in the market for installment loans, lines of credit, or some other type of personal loan, it might be a good idea to consider online loans in Missouri. Why? Well, there are a few different potential benefits:
An online loan is a type of loan that is obtained entirely over the internet, while a storefront loan is obtained through a physical location. One of the key differences between these two types of loans is the convenience factor. With Missouri online loans, borrowers can apply for a loan from the comfort of their own homes, without the need to visit a physical location. On the other hand, a storefront loan requires borrowers to visit a physical location, which may be time-consuming and inconvenient for those with busy schedules.
Another key difference between online loans in Missouri and storefront loans is the speed of the application process. With online loans, you may be able to submit your application in minutes. In contrast, storefront applications may take longer to complete, as borrowers may need to fill out paperwork and wait to speak to someone in person.