Online Installment Loans California | MoneyKey

California Installment Loans

Rates and Terms for California

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About the Installment Loan

This MoneyKey Installment Loan is a simple interest loan product repayable in substantially equal installments spread out over a period of approximately eighteen (18) months. For customers who receive their income on a bi-weekly, semi-monthly and weekly basis, the loan is repayable in thirty-six (36) installments. For customers who receive their income on a monthly basis, the loan is repayable in eighteen (18) installments.

How much can I borrow in California?

MoneyKey offers Installment Loans to California residents in the amount of $2,600. Whether an individual will be approved is dependent on certain qualification criteria.

How much will my Installment loan cost?

Bi-Weekly Example: In this example, the APR is 208.42% for a loan of $2,600 with an effective date of 02/10/2017. 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 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
208.42%$5,402.29$2,600.00$8,002.2936

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

PAYMENT SCHEDULE

 PAYMENT NUMBER   TOTAL PAYMENT AMOUNT   PAYMENT DATE 
1 $222.26 2017-02-24
2 $222.26 2017-03-10
3 $222.26 2017-03-24
4 $222.26 2017-04-07
5 $222.26 2017-04-21
6 $222.26 2017-05-05
7 $222.26 2017-05-19
8 $222.26 2017-06-02
9 $222.26 2017-06-16
10 $222.26 2017-06-30
11 $222.26 2017-07-14
12 $222.26 2017-07-28
13 $222.26 2017-08-11
14 $222.26 2017-08-25
15 $222.26 2017-09-08
16 $222.26 2017-09-22
17 $222.26 2017-10-06
18 $222.26 2017-10-20
19 $222.26 2017-11-03
20 $222.26 2017-11-17
21 $222.26 2017-12-01
22 $222.26 2017-12-15
23 $222.26 2017-12-29
24 $222.26 2018-01-12
25 $222.26 2018-01-26
26 $222.26 2018-02-09
27 $222.26 2018-02-23
28 $222.26 2018-03-09
29 $222.26 2018-03-23
30 $222.26 2018-04-06
31 $222.26 2018-04-20
32 $222.26 2018-05-04
33 $222.26 2018-05-18
34 $222.26 2018-06-01
35 $222.26 2018-06-15
36 $223.19 2018-06-29

Monthly Example: In this example, the APR is 209.64% for a loan of $2,600 with an effective date of 02/16/2017. 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
209.64%$5,393.97$2,600.00$7,993.9718

*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 $444.08 2017-03-03
2 $444.07 2017-04-03
3 $444.07 2017-05-03
4 $444.08 2017-06-02
5 $444.08 2017-07-03
6 $444.07 2017-08-03
7 $444.08 2017-09-01
8 $444.07 2017-10-03
9 $444.08 2017-11-03
10 $444.08 2017-12-01
11 $444.08 2018-01-03
12 $444.08 2018-02-02
13 $444.08 2018-03-02
14 $444.08 2018-04-03
15 $444.08 2018-05-03
16 $444.08 2018-06-01
17 $444.08 2018-07-03
18 $444.65 2018-08-03

When do I pay the Installment Loan back?

The Installment Loan term is approximately eighteen (18) months. For customers who receive their income on a weekly, bi-weekly, and semi-monthly basis, the loan repayment schedule consists of thirty-six (36) substantially equal scheduled installments. For customers who receive their income on a monthly basis, the loan repayment schedule consists of eighteen (18) substantially equal scheduled installments.

Early Repayment Notice: There is no penalty to pay off your Installment Loan earlier than scheduled. 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. There are no penalties associated with such payments. MoneyKey encourages you to pay your loan off as quickly as possible to reduce the amount of finance charges you will pay in connection with the loan.

Are there additional charges?

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

Can I cancel my Installment loan?

You can rescind your loan at no cost within three (3) business days of the effective date of your agreement by phone at 1-866-255-1668 or via email at customercare@moneykey.com.

If you rescind your loan, you will be responsible for returning the entire amount back to us. If you do not return the entire amount back to us, your loan will remain outstanding and you will be responsible for paying the amount disclosed in your payment schedule in your loan agreement.

Who funds the Installment Loans?

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

I have a few more questions

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

Authority to Operate

Loans made pursuant to a Department of Business Oversight California Finance Lenders Law License. Our California licenses can be viewed by clicking the image below.

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