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
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.
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.
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.
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.
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 Date | Payment Amount | ||
|---|---|---|---|
| 09/14/2018 | $130.75 | ||
| 09/28/2018 | $130.75 | ||
| 10/12/2018 | $130.75 | ||
| 10/26/2018 | $130.75 | ||
| 11/09/2018 | $130.75 | ||
| 11/23/2018 | $130.75 | ||
| 12/07/2018 | $130.75 | ||
| 12/21/2018 | $130.75 | ||
| 01/04/2019 | $130.75 | ||
| 01/18/2019 | $130.75 | ||
| 02/01/2019 | $130.75 | ||
| 02/15/2019 | $130.75 | ||
| 03/01/2019 | $130.75 | ||
| 03/15/2019 | $130.43 |
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.
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 Date | Payment Amount | ||
|---|---|---|---|
| 10/01/2018 | $170.94 | ||
| 11/01/2018 | $170.94 | ||
| 11/30/2018 | $170.94 | ||
| 12/31/2018 | $170.94 | ||
| 02/01/2019 | $170.94 | ||
| 03/01/2019 | $170.94 | ||
| 04/01/2019 | $170.94 | ||
| 05/01/2019 | $171.23 |
To qualify for a MoneyKey Installment Loan in Utah, 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.
After you’re approved, you’ll typically get your funds 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.