MoneyKey makes it easy for you to get a Line of Credit loan online quickly♦. And unlike many traditional financial institutions, including storefront lenders, you can apply for a Line of Credit online 24 hours a day.
There are two types of Lines of Credit offered through the MoneyKey website:
If approved, you may receive your money as early as the same business day*.
Charges will be based on the amount used from your credit limit.
You can close your online Line of Credit once your balance is paid off.
A Line of Credit provides flexibility and quick access to funds in an emergency.
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A Line of Credit online is an open-ended loan – this means you can withdraw money at any time so long as you have available credit and your account is in good standing.
Online Line of Credit loans through MoneyKey can have a credit limit of up to $3,500, depending on your state of residence. As you pay down your principal, more of your credit limit will be available to you. You are only charged based on the amount of credit you have withdrawn, not on your approved credit limit.
A credit limit is the maximum amount of money you’ve been approved for. If you have a $500 credit limit, $500 is the maximum amount or limit you can withdraw from your account at once. You can request cash advances, also called “draws”, as long as the amount does not exceed the available credit limit.
If you have an outstanding balance, a Minimum Payment is the amount of money you are required to pay on your Line of Credit to keep your account in good standing. A Minimum Payment is calculated for each billing cycle and needs to be paid by the due date set out in your periodic statement. Each Minimum Payment will consist of fees/interest/charges, as applicable, and a payment towards your principal (or amount borrowed). You are encouraged to make payments above your Minimum Payment to reduce your balance and increase your available credit.
Line of Credit loans online are ideal for unexpected expenses that may occur in your day-to-day life. These expenses could include home and car repairs or medical emergencies. If approved, you can withdraw any amount up to your available credit limit when you need funds**; however, it’s important to only take out the amount you need, as you will be charged based on the amount you withdraw.
There are advantages to choosing online line of credit loans over an online installment loan. One of the advantages of an online line of credit over an online installment loan is that typically, if you’re approved, you can withdraw funds up to your available credit limit when you need it**. As you pay down your balance, more of your credit limit will be available for you to draw. On the other hand, with an installment loan, if approved, you will receive a fixed loan amount. As you pay down your balance, you will not be able to draw more funds if you need extra money.
The MoneyKey Line of Credit is currently offered in Kansas and Tennessee. Alternative loan products like Installment Loans are also offered through MoneyKey in Delaware, Idaho, Mississippi, Missouri, Texas, Utah, and Wisconsin.
The CC Flow Line of Credit available through the MoneyKey website is currently offered to consumers residing in Alabama, Alaska, Arizona, Arkansas, Florida, Hawaii, Indiana, Kentucky, Louisiana, Michigan, Minnesota, Montana, Oklahoma, and Wyoming. The CC Flow Line of Credit is offered by CC Flow, a division of Capital Community Bank, a Utah Chartered bank, located in Provo, Utah, Member FDIC.
The credit limit for a Line of Credit through MoneyKey ranges between $200 to $3,500. The amount you may be eligible for depends on several factors, such as your state of residence, monthly income and the maximum loan amount offered in your state of residence. To view the loan amount available in your state, see our Rates & Terms Page.
MoneyKey is a trusted lender and loan servicer committed to exceptional customer service. Customers are a priority and their highly trained Customer Care team can answer any loan-related questions you may have. Customer Care may be reached by phone, email or online chat.
Here are some other benefits of choosing an online Line of Credit through MoneyKey:
Since a Line of Credit is an open-ended loan, if you have an outstanding balance, you will be required to make regular Minimum Payments. These Minimum Payments include charges/fees/interest, depending on your state of residence, and a required principal contribution, depending on your pay frequency.
Yes. So long as your account is in good standing, you can make additional payments towards your principal. You can also pay the full outstanding balance at any time by contacting MoneyKey by phone or email.
You can log into your account to check your available credit.
You can log into your account to view your periodic statements.