South Dakota Flex-Pay Installment Loans

Rates and Terms

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

About the Installment Loan

A Flex-Pay Installment loan is a small dollar loan with a medium to longer loan term. The minimum loan term for a Flex-Pay Installment Loan in South Dakota is 181 days. The Flex-Pay Installment Loan is repaid through a number of scheduled repayments over a period greater than 180 days. These installments are set to align with your pay dates.

How much can I borrow in South Dakota?

Residents of South Dakota can take out a Flex-Pay Installment Loan ranging from $200 - $1,000. Any loan amount that is approved is based on certain qualification criteria. Not all applications for Flex-Pay Installment Loans are approved.

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 in addition to your scheduled payment amount without any penalties. Please contact one of our Customer Care agents at 1-866-255-1668 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 a fee of $28 per $100 of the principal outstanding for each installment in your payment schedule. If you pay early, your fee will be adjusted accordingly based on your truncated payment schedule.

The first four (4) payments of the Flex-Pay Installment Loan consist of the fee only. Subsequent Installment payments will include the fee, plus a principal reduction amount equal to 10% of the original principal.

Below is an example of a Flex-Pay Installment Loan payment schedule. The example is for a $300 Flex-Pay Installment Loan which has been extended to the maximum number installments offered by MoneyKey-SD, Inc.

In the example below, the APR* on a $300 loan is 762.35%, based on a loan term of fourteen (14) bi-weekly installment payments just over six (6) 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 NumberPayment AmountPayment 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 MoneyKey-SD, Inc., a licensed money lender in the State of South Dakota.

The loan agreement will be governed by the applicable laws of the State of South Dakota.

I have a few more questions

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

Authority to Operate

Our South Dakota License can be viewed by clicking on the image below.

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