State Licenses
MoneyKey – TX, Inc. is licensed as a Credit Access Business (CAB) by the Office of the Consumer Credit Commissioner and registered as a Credit Services Organization by the State of Texas.
Click below to view the Texas licenses.
If you’re looking for Texas installment loans online, or an alternative to traditional payday loans that are payable on your next pay date, you’ve come to the right place. MoneyKey arranges Installment Loans in Texas as a Credit Access Business (CAB) and a Credit Services Organization (CSO). As a CAB/CSO, we’ll set up a loan between you and an unaffiliated third-party lender who provides the funding.
Applying for Texas Installment Loans online through MoneyKey is fast and secure. If you’re approved, funds are typically deposited into your bank account the next 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†.
We make you our priority and treat you with respect throughout the loan borrowing and repayment process. We have a fully-staffed, friendly Customer Care team working 7 days a week to help you with any loan-related questions you may have.
Loan Amount: $200 to $2,500
Loan Type: Installment Loan
Loan Term: ~6 months
Funding: same business day*
Pre-Payment Available: Yes
Apply nowFor a Texas Installment Loan, you will be responsible for paying back:
As the CAB fee is earned immediately and paid to MoneyKey by the third-party lender on your behalf, the principal of your Texas Installment Loan includes the CAB fee.
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†.
In this example, the APR is 292.624% for a $500 loan with an effective date of 05/26/2021, payable in 11 bi-weekly installments.
| Annual Percentage Rate | Finance Charge | Amount Financed | CAB Fee | Total of Payments |
|---|---|---|---|---|
The cost of your credit as a yearly rate 292.624% | The dollar amount the credit will cost you $406.90 | The amount of credit provided to you on your behalf $500.00 | The dollar amount of the CAB fee $386.12 | The amount you will have paid after you have made all payments as scheduled. $906.90 |
| Payment Date | Payment Amount |
|---|---|
| 06/11/2021 | $84.43 |
| 06/25/2021 | $83.63 |
In this example, the APR is 307.098% for a $500 loan with an effective date of 06/02/2021, payable in 5 monthly installments.
| Annual Percentage Rate | Finance Charge | Amount Financed | CAB Fee | Total of Payments |
|---|---|---|---|---|
The cost of your credit as a yearly rate 307.098% | The dollar amount the credit will cost you $433.01 | The amount of credit provided to you on your behalf $500.00 | The dollar amount of the CAB fee $410.58 | The amount you will have paid after you have made all payments as scheduled $933.01 |
| Payment Date | Payment Amount |
|---|---|
| 07/01/2021 | $189.35 |
| 07/30/2021 | $187.89 |
The following links contain disclosures as required by the Office of the Consumer Credit Commissioner (OCCC) for all residents applying for an Installment Loan. These disclosures outline all of the estimated costs associated with Installment Loans of the following amounts:
Click here to view examples of the most common loans transacted by MoneyKey (opens in PDF).
This business is licensed and examined under Texas law by the Office of Consumer Credit Commissioner (OCCC), a state agency. If a complaint or question cannot be resolved by contacting the business, consumers can contact the OCCC to file a complaint or ask a general credit-related question. OCCC address: 2601 N. Lamar Blvd., Austin, Texas 78705. Phone: (800) 538-1579. Fax: (512) 936-7610. Website: occc.texas.gov. Email: consumer.complaints@occc.texas.gov.
An advance of money obtained through a payday loan or auto title loan is not intended to meet long-term financial needs. A payday loan or auto title loan should only be used to meet immediate short-term cash needs. Refinancing the loan rather than paying the debt in full when due will require the payment of additional charges.
MoneyKey – TX, Inc. is licensed as a Credit Access Business (CAB) by the Office of the Consumer Credit Commissioner and registered as a Credit Services Organization by the State of Texas.
Click below to view the Texas licenses.
To qualify for an Installment Loan in Texas, you must:
Please note that we currently do not offer credit products with rates that allow us 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, 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.
Need a loan to help with an emergency expense? You can apply for an online Installment Loan in Texas through MoneyKey without leaving your home. The process is fast, simple, and straightforward.
If you are approved, you'll typically get your funds the same business day*.
Paying off your loan early may reduce the total amount that you'll pay to the unaffiliated third-party lender and there’s no penalty to do so. If you’d like to make an early payment, or a larger payment to pay down more of your principal, please call us at 1-866-255-1668 or email customercare@moneykey.com.
You have to live in Texas to be eligible for an online Installment Loan in Texas. Whether you live in a busy city or small town in the Lone Star State, applying for online Installment Loans in Texas is easy and secure.
If you live in another state, please check our rates page 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 FAQ page or contact our Customer Care team at 1-866-255-1668.
You won’t need to make an appointment. As long as you can access the Internet, you’ll have the capacity to apply for online loans in Texas through MoneyKey when the time is right for you. To start your application, all you need to do is click here. Submitting a request for installment loans in Texas 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.
With an installment loan, the borrower will get their funds in the form of a lump sum, which will then need to be paid back through a pre-determined series of payments over a fixed time period. Every payment you make will be made up of a principal payment as well as interest. Once you’ve made your last payment, the loan will be closed.
On the other end of the spectrum, a line of credit is a type of revolving loan that will give the borrower the option of drawing as much money as they need, when they need it, up to their credit limit. You will only be charged interest and/or fees on the amount of money you’ve borrowed, and you will be required to make minimum payments won’t have to deal with fixed payment dates, although you will need to consider the deadlines set out based on your billing cycle.
In the end, one of the main differences between a line of credit and installment loan is that an installment loan will give you a specific amount of funds which you’ll need to pay back on a fixed schedule. On other hand, a line of credit provides some flexibility when it comes to when you borrow funds and when you pay them back. Each option may be best suited to a different type of scenario and/or borrower, so you’ll need to figure out what suits your situation the best.
It’s definitely possible that they could. If your payments for your online installment loans in Texas get reported to any credit bureaus, it’s possible for your credit score to be affected. Now, whether that effect is positive or negative may be determined by whether the online loan payments are being made on time or if they’re being made late. Either way, an impact on your credit score can be made. In the end, you’ll want to make sure that any payments on your Texas online loans, or any loans in general, are made on time.
Are you looking for lines of credit, installments loans, or some other form of personal loan? In any case, it may be worth considering online loans in Texas. There are a number of potential benefits you might see with online loans, like: