Installment Loans Mississippi

Rates and Terms for Mississippi

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About MoneyKey Online Installment Loans in Mississippi

This MoneyKey online Installment Loan is a simple interest loan product repayable in substantially equal installments spread out over a period of approximately, but no greater than, twelve (12) months.

How much can I borrow in Mississippi?

Mississippi online Installment Loan amounts range between $550 and $2,500. 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 Mississippi?

The Mississippi Installment Loan is a simple interest loan with interest charged at a rate of 292% per year. This annual simple interest rate will never exceed the allowable interest charge in Mississippi of 25% per month on the outstanding principal balance. The corresponding annual percentage rate (APR) is dependent on your exact payment schedule; see the below examples for common MoneyKey loans and their corresponding APRs.

Bi-Weekly Example: In this example, the APR is 291.19% for a loan of $1,000 with an effective date of 08/10/2017 and a loan term of 23 bi-weekly installments. 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
291.19%$1,820.88$1,000.00$2,820.8823

*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 $122.68 2017-08-24
2 $122.68 2017-09-07
3 $122.68 2017-09-21
4 $122.68 2017-10-05
5 $122.67 2017-10-19
6 $122.67 2017-11-02
7 $122.68 2017-11-16
8 $122.68 2017-11-30
9 $122.67 2017-12-14
10 $122.68 2017-12-28
11 $122.68 2018-01-11
12 $122.68 2018-01-25
13 $122.68 2018-02-08
14 $122.67 2018-02-22
15 $122.68 2018-03-08
16 $122.68 2018-03-22
17 $122.68 2018-04-05
18 $122.68 2018-04-19
19 $122.68 2018-05-03
20 $122.68 2018-05-17
21 $122.68 2018-05-31
22 $122.68 2018-06-14
23 $121.96 2018-06-28

Monthly Example: In this example, the APR is 291.89% for a loan of $1,000 with an effective date of 09/19/2017 and a loan term of 11 monthly installments. 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
291.89%$1,627.56$1,000.00$2,627.5611

*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 $238.79 2017-10-03
2 $238.78 2017-11-03
3 $238.78 2017-12-01
4 $238.78 2018-01-03
5 $238.78 2018-02-02
6 $238.78 2018-03-02
7 $238.79 2018-04-03
8 $238.78 2018-05-03
9 $238.78 2018-06-01
10 $238.78 2018-07-03
11 $239.74 2018-08-03

When do I pay the Installment Loan back?

The online Installment Loan term is approximately, but no greater than, twelve (12) months. For customers who receive their income:

Weekly, bi-weekly and semi-monthly: The loan is repayable in twenty-three (23) substantially equal installments.

Monthly: The loan is repayable in eleven (11) substantially equal 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 any additional charges for MoneyKey online Installment Loans in Mississippi?

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 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 Mississippi?

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

Mississippi Pamphlet

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

For additional questions, or if you would like to learn more about online Installment Loans in Mississippi, 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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