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Online Installment Loans in Montgomery

Have you come face to face with an unexpected bill you can’t afford? MoneyKey can help! We offer Installment Loans in Montgomery and throughout Alabama between $2,000 and $2,600 when you’re facing an emergency bill that you don’t have the savings to deal with. You can pay off this personal Installment Loan in either 18 or 36 scheduled installments depending on whether you are paid monthly or weekly, bi-weekly or bi-monthly.

The process of applying for an Installment Loan in Montgomery is easy. It’ll only take 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 Montgomery, AL

The state capital of Alabama was a vital site for the African American Civil Rights movement in the mid- 20th century. This was the setting for the famous Montgomery Bus Boycott and the protest march from Selma to Montgomery led by Dr. Martin Luther King, Jr. While an important site in the history of America, Montgomery is in a difficult economic state.

Alabama ranked 45th in economic state rankings in 2018, and the median household income of Montgomery was $44,339 in 2017, compared to the median annual household income of the U.S. which was $60,336.

If you’re struggling to make ends meet, you might have a harder time dealing with an unexpected expenses that may pop up. Luckily, a MoneyKey Installment Loan in Alabama may be able to help! We offer Montgomery Installment Loans that might be able to help you handle an emergency bill that your savings won’t cover.

Apply Now or call us at 1-866-255-1668 for more information.

Loan Amount of Our Installment Loan in Montgomery

  • $2000 to $2,600

Annual Percentage Rate (APR) or Interest Rates

  • The maximum APR is 220%
  • If you are approved for a loan, specific loan details will be outlined in your loan agreement
  • The purpose of this loan is to act as a stopgap. It is not intended to help in meeting your long-term financial goals. MoneyKey urges you to only use this loan in the case of an unexpected emergency bill

Payment Schedule and Length of Loan

  • The term of your loan will span 18 months, and you can expect 18 scheduled installments over this period if you get paid monthly
  • In the case that you’re paid weekly, bi-weekly, or semi-monthly, you can expect your term to include 36 scheduled 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

218.39%

The dollar amount the credit will cost you

$4,399.08

The amount of credit provided to you on your behalf

$2,000.00

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

$6,399.08

Payment Schedule

Payment DatePayment Amount
06/30/2017$177.74
07/14/2017$177.74

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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

218.96%

The dollar amount the credit will cost you

$4,599.03

The amount of credit provided to you on your behalf

$2,000.00

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

$6,599.03

Payment Schedule

Payment DatePayment Amount
08/03/2017$366.58
09/01/2017$366.58

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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
 

Frequently Asked Questions

 

  • What are the minimum requirements for an Installment Loan in Montgomery, AL?
    • Be at least 18 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

    As it currently stands, Monkey 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 an Installment Loan in Montgomery with a bad credit score?

    Yes, you may. If you meet the requirements listed above, you may be eligible to qualify for a Montgomery Installment Loan with MoneyKey.

  • How long will it take to get a cash advance with a Montgomery Installment Loan?

    If you’re approved, you may see funds deposited into your bank account as early as the next business day*.

  • Do I need an appointment in order to apply for an online Installment Loan with MoneyKey?

    You will not need an appointment to apply for an online loan with MoneyKey. To begin this process online, click here. If you’d like to apply over the phone, you can call 1-866-255-1668 to apply with one of our Customer Care agents. In either case, the application process is fast and can be done in minutes.

The decision to take out a personal installment loan when you’re in a tough position financially is a big one. At MoneyKey, we’re here to help. If you need help or would like more information throughout this process, please reach out to us at 1-866-255-1668 and our Customer Care team will be more than happy to help. You can also find more information about us and our products by visiting our general FAQ page.

We’ve helped over 250,000 customers.Let us help you!

Not all applications are approved; duration of approval process may vary.

* If your loan is approved before 9:00 PM ET from Monday through Thursday, or before 6:30 PM ET Sunday, the funds will typically be deposited into your bank account the next business day, otherwise, your funds will be deposited into your bank account in two (2) business days. The date and time funds are made available to you are subject to your bank's policies.

Disclaimers: 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 and/or 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 Business Oversight pursuant to California Finance Lenders Law License No. 60DBO43590 and California Deferred Deposit Transaction Law License No.1004516.

Reviews and any ratings referenced are based on TrustPilot reviews. Images are for illustrative purposes only. Reviews reflect individuals’ opinions and may not be illustrative of all individual experiences with MoneyKey.

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