Why Choose a MoneyKey Line of Credit over Other Online Lenders
MoneyKey aims to remove the complexity and bureaucracy borrowers often experience when trying to borrow money. Our highly trained Customer Care Team will review all the terms and conditions with you to ensure that you understand how the borrowing and repayment terms work. Our team can be reached by phone, email or online chat for any follow up questions. MoneyKey understands that taking out a loan is a serious and often daunting task and we are here to help you in a simple and convenient way.
- MoneyKey works fast to get you the money you need.
- MoneyKey is a state licensed online direct lender and follows all federal and state rules and regulations.
- MoneyKey has customer care representatives available by phone, email or online chat.
- MoneyKey protects your information in accordance with industry standards.
- MoneyKey is committed to responsible lending.
Find out what our Customers have to say about MoneyKey:
How Does a MoneyKey Line of Credit Loan Work?
A MoneyKey Line of Credit offers the benefits of traditional loans, such as Payday Loans and Installment Loans, but allows you to have more control over your cash flow. If you are approved, a line of credit loan gives you access to the funds you need up to your credit limit.
You only need to apply for a Line of Credit loan once and, if approved, you are free to use any amount up to your credit limit as you see fit. You will pay interest and/or fees on the amount of money that you use.
You can request cash advances at any time as long as you have available credit on your Line of Credit account and you are in good standing.
When to Use a MoneyKey Line of Credit
A MoneyKey Line of Credit loan is ideal for unexpected expenses that may occur in your day-to- day life.
You can request cash advances at any time as long as you have available credit on your Line of Credit account. It’s important to only borrow the funds you require, as you will accrue interest and incur fees on any amount(s) you withdraw.
Do you offer a MoneyKey Line of Credit in my state?
MoneyKey currently offers a Line of Credit loan product in Kansas, Maryland and Missouri. To learn more about the Line of Credit product available in these states, please visit the Rates and Terms page.
How Do You Pay Back Your Line of Credit?
A Line of Credit is an open-ended loan product, which is different than other traditional loan products such as payday loans and installment loans. If you are a Line of Credit customer and have an outstanding balance, you will be required to make regular minimum payments, which may include fees as well as applicable interest and a principal payment amount.
You can check your balance or make additional payments towards your outstanding principal balance at any time by contacting MoneyKey by phone or email.
The specific terms of the Line of Credit product, including fees and interest, vary across the states in which this product is offered. Please visit the Rates and Terms page for more information.
Requirements to Apply for a Line of Credit
- Be 18 years of age or older
- Be a US citizen or Permanent Resident
- Be a resident in the state where the Line of Credit is offered
- Have an active bank account
- Have a regular source of income
- Have a valid contact number and an active email address
To find out if you qualify for a MoneyKey Line of Credit simply complete our online application.