Installment Loans Alabama

Rates and Terms for Alabama

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About MoneyKey Online Installment Loans in Alabama

The MoneyKey online Installment Loan offered in Alabama is a simple interest loan product repayable in substantially equal installments spread out over a period of approximately eighteen (18) months.

How much can I borrow in Alabama?

Alabama Installment Loan amounts range between $2,000 and $2,600. Whether an individual will be approved, and the amount they will be approved for, is dependent on certain qualification criteria. Complete our online application form to find out if you qualify for an Installment Loan.

How much will my Installment Loan cost in Alabama?

Bi-Weekly Example: In this example, the APR is 218.39% for a loan of $2000 with an effective date of 06/16/2017. This is based on a loan term of 36 installments paid over 18 months. This is only an example; the APR, repayment amount and payment schedule will vary depending on the individual loan term.

ANNUAL PERCENTAGE RATEFINANCE CHARGEAMOUNT FINANCEDTOTAL AMOUNT OF PAYMENTSTOTAL NUMBER OF PAYMENTS
The cost of your credit as yearly rate The dollar amount the credit will cost you The amount of credit provided to you on your behalf The amount you will have paid after you have made all payments as scheduled The number of individual payments you will have made until your loan is repaid in full
218.39%$4,399.08$2,000.00$6,399.0836

*The Annual Percentage Rate (APR) is the interest charge of your loan expressed as a yearly rate.

PAYMENT SCHEDULE

 PAYMENT NUMBER   PAYMENT AMOUNT   PAYMENT DATE 
1 $177.74 2017-06-30
2 $177.74 2017-07-14
3 $177.74 2017-07-28
4 $177.74 2017-08-11
5 $177.74 2017-08-25
6 $177.74 2017-09-08
7 $177.74 2017-09-22
8 $177.73 2017-10-06
9 $177.73 2017-10-20
10 $177.73 2017-11-03
11 $177.73 2017-11-17
12 $177.74 2017-12-01
13 $177.73 2017-12-15
14 $177.74 2017-12-29
15 $177.73 2018-01-12
16 $177.73 2018-01-26
17 $177.74 2018-02-09
18 $177.74 2018-02-23
19 $177.73 2018-03-09
20 $177.74 2018-03-23
21 $177.74 2018-04-06
22 $177.73 2018-04-20
23 $177.74 2018-05-04
24 $177.73 2018-05-18
25 $177.73 2018-06-01
26 $177.73 2018-06-15
27 $177.74 2018-06-29
28 $177.73 2018-07-13
29 $177.73 2018-07-27
30 $177.73 2018-08-10
31 $177.74 2018-08-24
32 $177.74 2018-09-07
33 $177.74 2018-09-21
34 $177.74 2018-10-05
35 $177.74 2018-10-19
36 $178.33 2018-11-02

Monthly Example: In this example, the APR is 218.96% for a loan of $2000 with an effective date of 07/12/2017. This is based on a loan term of 18 installments paid over 18 months. This is only an example; the APR, repayment amount and payment schedule will vary depending on the individual loan term.

ANNUAL PERCENTAGE RATEFINANCE CHARGEAMOUNT FINANCEDTOTAL OF PAYMENTSTOTAL NUMBER OF PAYMENTS
The cost of your credit as yearly rate The dollar amount the credit will cost you The amount of credit provided to you on your behalf The amount you will have paid after you have made all payments as scheduled The number of individual payments you will have made until your loan is repaid in full
218.96%$4,599.03$2,000.00$6,599.0318

*The Annual Percentage Rate (APR) is the interest charge of your loan expressed as a yearly rate.

PAYMENT SCHEDULE

 PAYMENT NUMBER   PAYMENT AMOUNT   PAYMENT DATE 
1 $366.58 2017-08-03
2 $366.58 2017-09-01
3 $366.58 2017-10-03
4 $366.57 2017-11-03
5 $366.57 2017-12-01
6 $366.57 2018-01-03
7 $366.57 2018-02-02
8 $366.57 2018-03-02
9 $366.57 2018-04-03
10 $366.58 2018-05-03
11 $366.58 2018-06-01
12 $366.58 2018-07-03
13 $366.57 2018-08-03
14 $366.57 2018-08-31
15 $366.57 2018-10-03
16 $366.57 2018-11-02
17 $366.57 2018-12-03
18 $367.28 2019-01-03

When do I pay the Installment Loan back?

The Alabama online Installment Loan term is approximately eighteen (18) months. For customers who receive their income:

Bi-weekly, semi-monthly and weekly: The loan is repayable in thirty-six (36) installments.

Monthly: The loan is repayable in eighteen (18) installments.

Any payment made in excess of your scheduled payments (whether a partial or full prepayment) will reduce the finance charges you will pay in connection with the loan, relative to the finance charges disclosed in your loan agreements.

Can I pay off my loan early?

Yes, you may pay off your loan early and there is no penalty to do so. In fact, MoneyKey encourages you to pay your loan off as quickly as possible to reduce the total amount of finance charges you will pay in connection with the loan.

If you want to make an early payment, or pay an additional amount over and above your scheduled installment to reduce the total amount owed, you may do so at any time by contacting MoneyKey by phone at 1-866-255-1668 or via email at customercare@moneykey.com.

Are there any additional charges for online Installment Loans in Alabama?

No. There are no additional charges beyond what has been disclosed here.

Can I cancel my Installment Loan?

You can cancel your loan at no cost within three (3) business days of the effective date of your agreement. However, until the entire principal balance is returned, your loan will remain in full force and effect and you will continue to accrue fees on such outstanding principal. If you would like to cancel your loan, please contact us by phone at 1-866-255-1668 or via email at customercare@moneykey.com.

Who funds the Installment Loans in Alabama?

All loans are funded by MoneyKey – AL, Inc. The loan agreement will be governed by applicable laws of the State of Alabama.

I have a few more questions about Installment Loans in Alabama.

For additional questions, or if you would like to learn more about online Installment Loans in Alabama, please call our Customer Care team at 1-866-255-1668, or check out the frequently asked questions (FAQs) for this product.

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