Online Installment Loans in Salt Lake City
Dealing with an emergency bill you haven’t planned for can be difficult, but MoneyKey is here for you. We offer Installment Loans in Salt Lake City and throughout Utah between $150 and $1,000 to help you handle unforeseen expenses when your emergency savings can’t cover them. This personal Installment Loan is paid off in either 8 or 14 scheduled installments, depending on whether you are paid monthly, semi-monthly, bi-weekly or weekly.
We make the application process for Installment Loans in Salt Lake City simple. It only takes 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 Salt Lake City, UT
Sitting along the Wasatch Mountains in Utah, Salt Lake City occupies one of the many vibrant natural scenes in the country. This area is home to five national parks and popular destination for skiers.
Because of this, many residents and tourists alike take full advantage of the surrounding nature, with skiing being one of the central activities at their disposal.
This is reflected in the numbers, as Utah saw a total of 5.1 million skier days in the winter of 2018-19. But with activities like skiing, a risk of injury is present. Unfortunately, not everyone has the necessary savings to tackle an unforeseen medical bill.
Luckily, if you’re faced with a medical bill and you don’t have the emergency funds to handle it, an Installment Loan in Utah with MoneyKey can help!
If you’re looking to apply for a Salt Lake City Installment Loan, click here or call us at 1-866-255-1668 for more information.
Loan Amount of Our Installment Loan in Salt Lake City, Utah
- $150 to $1,000
Cost of Salt Lake City Installment Loans
- MoneyKey will charge a fee of $25 per $100 on the outstanding principal balance for each installment in your payment schedule if you’re paid bi-weekly, semi-monthly or weekly.
- If you’re paid monthly, you’ll be charged a fee of $30 per $100 on the outstanding principal balance for each installment in your payment schedule.
- Specific loan details, including your Annual Percentage Rate (APR), can be found in your loan agreement.
- At MoneyKey, we strongly urge you to use this expensive form of credit only as a stopgap to cover unexpected expenses. It is not intended to help you meet long-term financial needs.
Payment Schedule and Length of Loan
- The length of your loan will span 8 months, and you can expect 8 scheduled installments over that time period if you get paid monthly.
- If you’re paid weekly, bi-weekly, or semi-monthly, you can expect your term to include 14 scheduled installments.
Here are some examples:
In this example, the Installment Loan is for $500 with a fee of $25 per $100 on the outstanding principal balance for each installment. It is payable in 14 bi-weekly installments with an effective date of 08/28/2018.
| Annual Percentage Rate | Finance Charge | Amount Financed | Total of Payments | |
|---|---|---|---|---|
The cost of your credit as a yearly rate 613.85% | The dollar amount the credit will cost you $1,330.18 | 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 $1,830.18 |
Payment Schedule
| Payment Date | Payment Amount | |
|---|---|---|
| 09/14/2018 | $130.75 | |
| 09/28/2018 | $130.75 | |
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In this example, the Installment Loan is for $500 with a fee of $30 per $100 on the outstanding principal balance for each installment. It is payable in 8 monthly installments with an effective date of 08/28/2018.
| Annual Percentage Rate | Finance Charge | Amount Financed | Total of Payments | |
|---|---|---|---|---|
The cost of your credit as a yearly rate. 343.94% | The dollar amount the credit will cost you $867.18 | 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 $1,367.18 |
Payment Schedule
| Payment Date | Payment Amount | |
|---|---|---|
| 10/01/2018 | $170.94 | |
| 11/01/2018 | $170.94 | |
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State Licensed Direct Lenders
MoneyKey is a state-licensed direct lender in Utah. Loans are funded by MoneyKey – UT, Inc. and governed by all applicable laws.
Click below to view the Utah license.
Frequently Asked Questions
What are the minimum requirements for an Installment Loan in Salt Lake City, UT?
In order to qualify for an online Loan with MoneyKey in Salt Lake City, borrowers must:
- Be at least 18 years old
- Be a US citizen or a permanent resident
- Be a resident of Utah
- 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 an Installment Loan in Salk Lake City with a bad credit score?
Yes, you may. As long as you meet the previously listed criteria, you may be able to qualify for a Salt Lake City Installment Loan with MoneyKey.
How long will it take to get a cash advance with a Salt Lake City Installment Loan?
If you’re approved, your money can be 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?
No appointment is required to apply for online loan with MoneyKey. You can start the online application process by clicking here, or call us at 1-866-255-1668 to apply with one of our Customer Care agents. Whether you apply online or over the phone, the
When you’re in a tricky spot with your finances, taking out a personal installment loan is a big decision. At MoneyKey, we’re here to help. If you need any more information or guidance throughout this process, reach out to us at 1-866-255-1668 and Customer Care team will be happy to help. You can also find more information about us and our products by visiting our general FAQ page.
