Installment Loans in Utah

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Online Installment Loans in Utah

Looking for installment loans in Utah from a reliable lender? You’ve come to the right place. At MoneyKey, our Utah Installment Loans can help you pay for those unexpected expenses that can pop up from time to time.

If you’re approved, we’ll deposit the money in your bank account as early as the next business day*.

MoneyKey is a state-licensed direct lender in Utah, so when you take out a Utah Installment Loan, you’ll be doing business directly with us and your loan will be funded by us.

We’re available every day to help you throughout your borrowing and repayment process. We have a fully-staffed, friendly and knowledgeable Customer Care team working 7 days a week to answer any loan-related questions you may have.

Summary

Loan Amount: $150 to $1,000

Loan Type: Installment Loan

Loan Term: ~8 months

Funding: 1 business day*

Pre-Payment Available: Yes

Loan Details

Loan Amount

For a Utah Installment Loan, the amount you can borrow ranges between $150 and $1,000. After we review your application, we’ll let you know if you’re approved and how much you may qualify for.

Cost of Loan

MoneyKey charges a fee of $25 per $100 on the outstanding principal balance for each installment in your payment schedule if you are 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.

The annual percentage rate (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.

Term of Loan

The Utah Installment Loan term is approximately 8 months, so if you receive your income bi-weekly, semi-monthly or weekly, your loan will be payable in 14 installments. If you receive your income monthly, your loan will be payable in 8 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 License

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.

 

Online Installment Loans in Utah: Frequently Asked Questions

To qualify for a MoneyKey Installment Loan in Utah, you 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

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.
If approved, you’ll typically receive your money the next business day*.
Yes, and there’s no penalty to pay off your Utah 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 contacting us at 1-866-255-1668. Paying off your loan earlier than scheduled may reduce the total fees you’ll pay.
You need to be a resident of Utah to be eligible for a Utah Installment Loan. Whether you live in Salt Lake City, Provo, or in a remote part of the state – we make applying for online installment loans in Utah fast and secure.

If you live in another state, please check our rates page to see if other online loans such as Installment Loans, Payday 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.

We’ve helped over 200,000 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 7:00 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 – OH, Inc. is licensed as a Credit Services Organization (CSO) by the Ohio Department of Financial Institutions, Department of Commerce: CS.900134.000.  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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