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Online Loans

When you’re trying to manage rent payments, utility bills, groceries, and everything else that makes up your monthly budget, dealing with emergency expenses can be a challenge, especially if you don’t have the savings to cover them. So, where should you turn to? If you don’t have an emergency fund at the ready to help you in these circumstances, you may want to look into online loans.

While online banking has been around for some time, the same can’t be said for online loans. However, today you can find a number of different borrowing options online, so it’s important to understand what these loans are and when you should consider applying for one.

What is an Online Loan?

In the most general sense, an online loan is just a loan that you can apply for online. Online lenders are often considered to be an alternative to traditional storefront lenders.

In contrast to storefront lenders, these alternative online lenders may:

  • weigh several factors regarding your situation when considering you for approval.
  • have a streamlined application and approval process.

With online loans, there may be some benefits to borrowers, like:

  • faster access to money when they need it.
  • a more convenient application process than you’d find with a storefront lender.

Types of online loans can include things like installment loans, lines of credit, and more.

Types of Online Loans Offered through MoneyKey

Installment Loans Installment Loans

Installment loans are short-term personal loans that are paid back in installments over time. Once you’re approved for an online Installment Loan, you’ll typically get the loan amount deposited into your bank account the next business day*. The loan term varies by state and may range between 6 and 12 months.

An Installment Loan through MoneyKey can be used for a variety of things like essential home and car repairs and emergency medical expenses. Repayment terms will vary by state.

Installment Loan Summary (varies by state/pay frequency)

Loan Amount: $200 to $2,000

Funding: Next business day funding*

Repayment: Bi-weekly, semi-monthly or monthly installments

Loan Term: 6 – 12 months

Pre-Payment Available: Yes

Available in: Delaware, Idaho, Mississippi, Missouri, Texas, Utah, Wisconsin

Apply now View rates

Lines of Credit Lines of Credit

A line of credit is an open-ended borrowing option. Unlike a traditional payday or installment loan, a line of credit remains active even after you have paid it down to a zero balance. You can draw the entire amount or smaller amounts over time, as long as you have available credit and your account is in good standing. Interest and/or fees are only charged on the amount of money you use, not your entire credit limit.

A Line of Credit through MoneyKey can be used for unexpected expenses that may occur in your day-to-day life. The specific terms of the online line of credit, including fees/interest, will vary across the states where the product is offered.

There are two types of Lines of Credit offered through the MoneyKey website: the MoneyKey Line of Credit and the CC Flow Line of Credit provided by CC Flow, a division of Capital Community Bank, a Utah Chartered bank, located in Provo, Utah, Member FDIC.


Line of Credit Summary (varies by state/pay frequency)

Loan Amount: $200 to $2,500

Funding: Same business day funding*

Repayment: Bi-weekly, semi-monthly or monthly payments

Draw Option: Request draws as needed, from your available credit**.

Loan Term: Open-ended

Pre-Payment Available: Yes

MoneyKey Lines of Credit are Available in: Kansas and Tennessee

CC Flow Lines of Credit are Available in: Alabama, Alaska, Arizona, Arkansas, Florida, Hawaii, Indiana, Kentucky, Louisiana, Michigan, Minnesota, Montana, Nebraska, Oklahoma, and Wyoming

Apply now View rates

Payday Loans Payday Loans

Payday loans are quick, small-dollar personal loans that are typically paid back in full on your next pay date. Payment will include the principal loan amount and a finance charge. These online loans may be used for unexpected expenses like emergency car repairs or other non-recurring bills between your pay dates.

It’s important to remember that payday loans are meant for short-term use only and are not a long-term financial solution.

Payday Loans, previously offered in California, are no longer available through MoneyKey. If you don’t live in California, please check our rates page to see if other online loans such as Installment Loans or Lines of Credit are available in the state that you currently live in.

If you live in California and still need funds, you may be able to find a loan product suitable for you from another company1 by clicking “Continue” below:

Please note that by clicking “Continue”, you are navigating away from the MoneyKey website to the website of an unaffiliated third party.

1MoneyKey does not promote or endorse any products and/or services offered by any company you may be directed to by clicking “Continue”, and does not assume responsibility or liability for any actions taken by you in relation to any such products and/or services.

The Benefits of an Online Loan

While there are a number of different types of online loans suitable for different purposes, and your experiences with different financial institutions may vary, there are a few general benefits that you may experience.


When you apply for a traditional loan from a storefront lender, you’ll generally need to go down to a branch during open hours. Between work, errands, and all of your other responsibilities, finding the time to visit a storefront lender during the day can be tricky. Online loans remove much of the inconvenience of this process.

Generally, the entire application process is done online or, in part, over the phone. This means that you can fill in the application, get approved, and sign your loan agreement without needing to visit a physical location. It also means that in many cases, you can start the online loan application process any day or hour of the week. When you’re looking for money to help you deal with an emergency that just can’t wait, the quick nature of the online application process may be just what you need.


While an online lender may still check your credit score, other factors may be considered as well. These could be things like your income and more.

To qualify for an online loan through MoneyKey, you must:

  • Be of legal age to contract in your state of residence
  • Be a US citizen or permanent resident
  • Be a resident in the state where the product is offered
  • Have an active bank account
  • Have a regular source of income
  • Have a valid contact number and an active email address

Easy to Compare Potential Options

When you’re in need of a loan, you’re going to want to know what your options are before you submit any applications. With online loans, this process can be simple. You can research online loans available in your state, review their rates, and compare your different options.

In general, the main focus of an online lender is to make the borrowing process as simple as possible. They generally offer a quicker application process than you’d find with a traditional storefront lender, you can get approved quickly, and get your money in as soon as the next business day in some cases.

Applying for an Online Loan

When you’re thinking of applying for an online loan, there are some questions you should be asking yourself before you start the process. Below are some basic questions to start with.

Why do I need this online loan?

Before you even think of applying for an online loan, you should always start by asking yourself why you need it in the first place. While it may be tempting to apply for some extra cash to make some cosmetic upgrades to your bathroom or to take that vacation you’ve always wanted, short-term online loans are not meant for these purposes. They’re strictly designed to help you when you’re facing an emergency expense that you don’t have the savings to cover, but needs to be dealt with right away. This could include things like an unexpected car repair, a surprise visit to the emergency room, or an essential household repair.

What is my credit score?

Many lenders may look at factors other than your credit score to assess you as a borrower. However, depending on the lender, your credit score may still play a factor. In some cases, your credit score could play a part in determining the loan amount you’re offered. Either way, it’s important to research the lenders you’re considering applying for an online loan with to understand how they operate.

If you’d like to check your credit score, you’re entitled to one free copy of your credit report, once a year, from each of the major credit reporting agencies: Equifax, Experian, and TransUnion.

Do I have the necessary documentation at the ready?

While you may be able to see how much you qualify for with an online loan from a lender by entering some basic personal information and answering a few questions, once you make the decision to submit an application for an online loan, you’ll need to have certain documentation at the ready. This may vary between lenders, but it can include things like proof of income and some form of valid identification.

If you’re facing an emergency that requires your immediate attention, having everything you need at the ready may help to speed up the application process and get you your funds as soon as possible.

Unsecured vs. Secured Online Loans

Online loans can typically be separated into two different categories: secured and unsecured.

With a secured loan, you’ll be required to put up some sort of collateral to qualify. This provides a sense of security for the lender, as they’ll still receive an asset in the case that you’re unable to pay back your loan. Depending on the type of loan, collateral can come in the form of your home, your car, or a number of other assets.

With unsecured online loans, you won’t be required to put up collateral to be approved. Depending on the lender, things like your credit score and income will be used to assess your application as a borrower.

Secured loans will generally have lower interest rates than unsecured loans, but you’ll have to risk losing an asset if you can’t make your payments.

Frequently Asked Questions

General Inquiries

Is MoneyKey a direct lender of online loans?

MoneyKey is a state-licensed direct lender in Delaware, Idaho, Kansas, Mississippi, Missouri, Tennessee, Utah and Wisconsin.

To learn more about online direct lenders, click here.

In Texas, MoneyKey is not the direct lender but is licensed as a Credit Services Organization (CSO) and a Credit Access Business (CAB). In this state, loans are funded by third-party lenders and serviced by MoneyKey.

The CC Flow Line of Credit is provided by CC Flow, a division of Capital Community Bank, a Utah Chartered bank, located in Provo, Utah, Member FDIC. Consumers can apply for a CC Flow Line of Credit through the MoneyKey website. The CC Flow Line of Credit is currently offered through MoneyKey in Alabama, Alaska, Arizona, Arkansas, Florida, Hawaii, Indiana, Kentucky, Louisiana, Michigan, Minnesota, Montana, Nebraska, Oklahoma, and Wyoming.

Is working with an online loans direct lender the right option for me?

As a state-licensed direct lender in the above mentioned states, a licensed CAB/CSO in Texas and a servicer of the CC Flow Line of Credit, an online loan through MoneyKey provides an option for quick access to emergency expenses.


Application Inquiries

What states does MoneyKey offer online loans in?

As a direct lender and a credit services provider, MoneyKey offers or arranges online loans in:

The CC Flow Line of Credit is currently offered through MoneyKey in:

How much am I allowed to borrow?

Online loans through MoneyKey range between $200 to $2,500. There are several factors that can affect the amount you may be eligible for, including things like your monthly income and the maximum loan amount offered in your state. To view the loan amount available in your state, see our Rates & Terms Page.

Will my personal information be safe?

We value your privacy and protect your personal information in accordance with lending industry standards. We have adopted secure socket layer (SSL) encryption and obtained Verified Site Certificates to protect your information as its transmitted between your computer and our servers.

Where can I find more information on online loans?

If you’d like to learn more about online loans, you can visit our Articles section and Blog page. There you’ll find information on different types of loans, how and when to apply, and different aspects of the borrowing process. You’ll also find helpful tips on budgeting and personal finance.

Do you have a specific question about MoneyKey or the products offered through MoneyKey? You can get in touch with us by phone or email! Speak to one of our Customer Care agents at 1-866-255-1668, or email us at You can also learn more by visiting our FAQs page.

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Not all applications are approved; duration of approval process may vary. Credit limits/loan amounts are subject to further verification criteria. If you are a returning customer, loan amounts may vary.

*If approved, any requested funds may typically be deposited into your bank account the same business day; timing of funding may vary by product and state. The date and time funds are made available to you by your bank are subject to your bank's policies. For specific funding cut-off times, click here.

**You may request a draw from your Line of Credit at any time, so long as you have available credit and your account is in good standing. In the State of South Carolina, you can withdraw the total credit available to you all at once, or in smaller amounts over time as you need it, with a required minimum draw of $610.

As you move through your credit journey, your account may become eligible for reduced charges and/or increased credit limits/loan amounts based on good payment history over time. You will receive notices, as applicable, regarding your individual circumstances and eligibility.

Depending on your state of residence, applications submitted on this website may be originated by one of several lenders, including: CC Flow, a division of Capital Community Bank (CCBank), a Utah Chartered bank, located in Provo, Utah, Member FDIC. The CC Flow Line of Credit is provided by CC Flow. Additionally, CC Flow maintains critical control over loan origination, underwriting approvals, and regulatory and compliance oversight management. MoneyKey is an authorized servicer of CC Flow. This means the CC Flow Line of Credit is available through MoneyKey and you will maintain your CC Flow Line of Credit account through MoneyKey.

Product availability varies by state. To see loan products offered in your state of residence, please visit our Rates and Terms page.

MoneyKey – TX, Inc. is licensed as a Credit Access Business (CAB), License No. 16641-62815, by the Office of the Consumer Credit Commissioner and registered as a Credit Services Organization (CSO), Registration No. 20110150, by the State of Texas. All loans for which MoneyKey acts as a CSO/CAB are funded by an unaffiliated third-party lender and serviced by MoneyKey. In the State of California, MoneyKey – CA, Inc. is licensed by the Department of Financial Protection and Innovation pursuant to California Deferred Deposit Transaction Law License No.1004516.

Reviews and any ratings referenced are based on Trustpilot reviews. Images are for illustrative purposes only. Reviews reflect individuals’ opinions and may not be illustrative of all individual experiences with MoneyKey.