State License
MoneyKey is a state-licensed direct lender in Wisconsin. Loans are funded by MoneyKey – WI, Inc. and governed by all applicable laws.
Click below to view the Wisconsin license.
If you’re looking for cash now to pay off your unexpected bills, MoneyKey may be able to help you with Installment Loans in Wisconsin. Our Wisconsin Installment Loans are ideal for when you need to pay for unexpected car and home repairs, medical emergencies and other non-recurring bills.
We’re a state-licensed direct lender in Wisconsin, so when you choose MoneyKey for your installment loan, you’ll be doing business directly with us and your loan will be funded by us.
We have a fast application process and make serving you a priority — some of our customers get approved in minutes. If you’re approved, we’ll deposit the money in your bank account as early as the same 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†.
In addition to accessing our secure online platform, you can reach us by phone and experience our outstanding customer service. We have a fully-staffed, friendly and knowledgeable Customer Care team available 7 days a week to answer any loan-related questions you may have.
Loan Amount: $200 to $2,500
Loan Type: Installment Loan
Loan Term: ~12 months
Funding: Same business day*
Pre-Payment Available: Yes
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The amount you can borrow for a Wisconsin Installment Loan ranges between $200 and $2,500. After we review your application, we’ll let you know if you’re approved and the amount you may qualify for.
Interest will be charged on your MoneyKey Wisconsin Installment Loan, with a maximum annual percentage rate (APR) of 295%. The APR, repayment amount and payment schedule will vary depending on the specific details of your loan, which can be found in your loan agreement. See the below examples for common MoneyKey Installment Loans in Wisconsin and their corresponding APRs.
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.
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†.
The Wisconsin Installment Loan term is approximately 12 months. If you receive your income bi-weekly, or weekly, your loan will be payable in 23 bi-weekly installments, otherwise, your loan will be payable in 11 monthly installments.
In this example, the APR is 290.89% for a loan of $550 with an effective date of 02/18/2021, payable in 23 bi-weekly installments.
| Annual Percentage Rate | Finance Charge | Amount Financed | Total of Payments |
|---|---|---|---|
The cost of your credit as a yearly rate 290.89% | The dollar amount the credit will cost you $1,012.83 | The amount of credit provided to you on your behalf $550.00 | The amount you will have paid after you have made all payments as scheduled $1,562.83 |
| Payment Date | Payment Amount |
|---|---|
| 03/05/2021 | $67.96 |
| 03/19/2021 | $67.96 |
In this example, the APR is 290.41% for a loan of $550, with an effective date of 02/12/2021, payable in 11 monthly installments.
| Annual Percentage Rate | Finance Charge | Amount Financed | Total of Payments |
|---|---|---|---|
The cost of your credit as a yearly rate 290.41% | The dollar amount the credit will cost you $911.59 | The amount of credit provided to you on your behalf $550.00 | The amount you will have paid after you have made all payments as scheduled $1,461.59 |
| Payment Date | Payment Amount |
|---|---|
| 02/26/2021 | $132.88 |
| 03/30/2021 | $132.87 |
MoneyKey is a state-licensed direct lender in Wisconsin. Loans are funded by MoneyKey – WI, Inc. and governed by all applicable laws.
Click below to view the Wisconsin license.
To qualify for a MoneyKey Installment Loan in Wisconsin, 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.
If you’re looking for an easily accessible and convenient borrowing process, an online loan might be a good option for you. You can apply for an Installment Loan in Wisconsin through MoneyKey online and have your application submitted in just minutes.
If you’re approved, we may typically deposit the money in your bank account the same business day*.
No, there’ll be no need to make an appointment. As long as you have access to the Internet, you should be able to apply for online loans in Wisconsin through MoneyKey when the need arises. To start your application, all you need to do is click here. Submitting a request for this personal loan in Wisconsin 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.
Of course. In fact, we encourage it and there’s no penalty to pay off your 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 calling us at 1-866-255-1668 or emailing customercare@moneykey.com. Paying off your loan earlier than scheduled may reduce the total amount of interest you'll pay.
You need to be a resident of Wisconsin to be eligible for a Wisconsin Installment Loan. Whether you live in cities like Milwaukee, Kenosha or Racine – you can apply online through our secure platform or over the phone.
If you live in another state, please check our Products & Services 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 FAQs page or contact our Customer Care team at 1-866-255-1668.
Yes, they could. Before you apply for a personal loan in Wisconsin, you should check to see if your online loan payments are going to be reported to a credit bureau. If they are, it’s likely that your credit is going to be impacted in some way. This impact could be negative or positive, depending on whether your payments on your online loans are being made on time or if they’re late. Ultimately, in order to avoid damaging your credit score or your financial profile in general, you should always make sure to pay off your personal loans in Wisconsin in a timely manner.
Online installment loans in Wisconsin and lines of credit are two common forms of borrowing money, but they differ in several ways. An installment loan is a type of loan in which, if approved, the borrower receives a lump sum of money upfront and repays it over a set period of time, usually in fixed installments. The borrower typically pays a fixed interest rate and knows the total amount of interest and principal they will repay over the term of the loan.
At the other end of things, a line of credit is a flexible borrowing option that gives you the ability to access funds as needed up to a certain credit limit. The borrower only pays interest and/or fees on the amount of money they’ve borrowed and can draw on the line of credit multiple times as long as they don't exceed the credit limit. In some cases, a line of credit may have a variable interest rate that can change over time, and the borrower may not know the total amount they will ultimately pay in interest.
Ultimately, installment loans are fixed-term loans that offer a set amount of money, and generally predictable payments over time. Lines of credit, in contrast, are open-ended loans that provide a flexible source of borrowing as borrowers can draw funds on a revolving basis up to their credit limits. The choice between an installment loan online and a line of credit depends on the borrower's individual needs and financial situation.
Online loans have become increasingly popular because of their convenience. While both online loans and in-person loans can offer financial assistance, applying for an online loan can have several benefits, like:
In an emergency situation, a personal loan in Wisconsin can be a valuable financial tool to help you meet your immediate needs. However, it's important to carefully consider your options before applying for a loan online. Here are some situations where it might make sense to consider a personal loan:
When considering a personal loan, it's important to shop around for a loan that works for your situation, and to make sure that you can afford the payments. You should also be aware of any fees or penalties associated with the loan, and make sure that you understand the terms of the agreement before signing on the dotted line. Overall, a personal loan in Wisconsin can be a valuable tool in an emergency situation, but it's important to use it wisely and responsibly to avoid getting into further financial trouble.