Delaware Flex-Pay Installment Loans

Rates and Terms

This product is no longer offered to customers in Delaware. For our current Installment Loan product rates for Delaware, please click here.

About the Installment Loan

A Flex-Pay Installment Loan is a small dollar loan with a medium loan term that is paid back through a number of scheduled repayments. The minimum loan term for this particular product is 61 days.

How much can I borrow in Delaware?

The minimum loan amount for a Flex-Pay Installment loan is $200 and the maximum loan amount is $1,000. Any loan amount that is approved is based on certain qualification criteria.

When do I pay back my Installment loan?

Flex-Pay Installment Loans are paid back through a number of scheduled installments that are set to align with your pay dates. You may pay off your installment loan in full at any time without any prepayment penalties. You also have the option to make additional principal payments on top of your scheduled payment amount without any penalties.

MoneyKey encourages you to pay off your loan as quickly as possible to reduce the amount of finance charges in connection with your loan. Contact one of our Customer Care agents to discuss the options available to you.

How much will my Installment loan cost?

MoneyKey charges a fee of $30 per $100 of the principal outstanding for each installment in your payment schedule for New Customers. For Returning Customers, MoneyKey charges $28 per $100 of the principal outstanding for each installment in your payment schedule. If you pay early, your fee will be adjusted accordingly.

The first four (4) payments of the Flex-Pay Installment Loan consist of the fee only. Subsequent installments will include the fee, plus an additional $50 towards the principal.

Below is an example of a $400 Flex-Pay Installment Loan which has been extended to the maximum number of installments MoneyKey offers to customers who receive their income once per month in Delaware.

In the example below, the APR* on a $400 loan is 400.27%, based on a loan term of twelve (12) monthly installment payments over twelve (12) months. THIS IS ONLY AN EXAMPLE. The APR and repayment amount will vary depending on the individual loan term

The cost of your credit as a yearly rateThe dollar amount the credit will cost youThe amount of credit provided to you on your behalfThe amount you will have paid after you have made all payments as scheduled

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

The Payment Schedule

 Payment Number  Payment Amount  Payment Due Date 

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 There are no penalties associated with such payments; in fact, 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 If you do rescind your loan, you will be responsible for returning the entire principal balance back to us. If you do not return the entire principal balance to us, your loan will remain in full force and effect and you will accrue fees on such outstanding principal balance.

Who funds the Flex-Pay Installment Loan?

All loans are funded by 2262011 Ontario – Delaware Inc. (dba MoneyKey). The loan agreement will be governed by the applicable laws of the State of Delaware.

To view an official version of Title 5, Chapter 22 of the State of Delaware statutory code, please click here.

I have a few more questions?

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

Authority to Operate

This business is licensed and examined by the State of Delaware. Click on the image below to view our license.

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