Online Payday Loans Ohio | MoneyKey

Payday Loans Ohio

Rates and Terms

Apply for a Loan

The Ohio Payday Loan is no longer offered to new customers.
New Customers may apply for our Ohio Installment Loan product, for Rates & Terms, please click here.

If you are a returning customer, please click here to login and apply.

About MoneyKey Online Payday Loans in Ohio

An Online Payday Loan provides you with all the benefits of a traditional payday loan. For the online Payday Loan in Ohio, MoneyKey acts as a Credit Services Organization (CSO) by arranging a Payday Loan between the customer and an unaffiliated third-party lender.

How much can I borrow in Ohio?

MoneyKey-OH, Inc. is a CSO and is not the lender in the State of Ohio. All loans are made by an unaffiliated third party lender. As a CSO, MoneyKey will attempt to arrange an online Payday Loan for you between $200 and $1,000.

How much will my Payday Loan cost in Ohio?

MoneyKey no longer offers this loan product to new customers. If you currently have an active loan, please refer to your loan agreement for rates and terms.

Returning Customers are charged a CSO Fee of $28 per $100 of the amount borrowed, unless you receive your income once per month, in which case the CSO Fee is $31 per $100 of the amount borrowed.

Additionally, the unaffiliated third-party lender funding your loan will charge you an interest rate of 24.9% per year on the amount financed.

Example: if you are a new customer and you borrow $300 for two weeks (14 days), MoneyKey charges you $87 (CSO Fee of $29 per $100 borrowed) and the lender charges you $3.71 (interest of 24.9% on $387.00). If you pay back your loan on time, the total amount you will have paid is $300 + $87 (CSO Fee) + $3.71 (interest) = $390.71.

The following chart provides more examples of CSO Fee and lender interest calculations:

Loan Amount CSO Fee Lender Interest Rate Interest on 14-day term Total APR Total Interest and Fees
$100.00 $29.00 24.9% $1.24 788.40% $30.24
$300.00 $87.00 24.9% $3.71 788.31% $90.71
$500.00 $145.00 24.9% $6.18 788.30% $151.18

What are my repayment options?

The Payday Loan is meant to be paid in full on your due date. The total amount due will equal the principal loan amount + CSO Fee + lender interest. If you are not able to pay the total amount due on your due date, please contact MoneyKey and one of our Customer Care agents would be happy to discuss your options with you.

  1. Refinance without Partial Payment*: The loan fee (CSO Fee and Lender Interest) will be due on the scheduled due date and the original loan principal, plus an additional loan fee (CSO Fee and Lender Interest) will be extended until your next pay date.
  2. Refinance with Partial Payment: The loan fee (CSO Fee and Lender Interest), plus any additional amount towards the principal will be due on the scheduled due date and the remaining loan principal, plus corresponding loan fee, will be extended until your next pay date.

* You can Refinance without Partial Payment up to a maximum four (4) times, unless you receive your income once per month, in which case it's a maximum of two (2) times. Subsequent refinancing of your loan must include a minimum payment of $50 towards the original principal.

When do I pay my Payday Loan back?

Your online Payday Loan will be due on your next pay date that falls between 8 and 45 days from the date you receive the funds.

Are there any additional charges for online Payday Loans in Ohio?

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

Can I cancel my Payday Loan?

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

If you cancel your loan, you will be responsible for returning the entire amount received from the third party lender 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 Payday Loans in Ohio?

MoneyKey-OH, Inc. is not the lender in the State of Ohio. MoneyKey is a Credit Services Organization in the State of Ohio and will attempt to arrange a loan between you and an unaffiliated third-party lender.

About Credit Services Organization

MoneyKey - OH, Inc. is licensed as a Credit Services Organization (CSO) by the Ohio Department of Financial Institutions, Department of Commerce.

As a CSO, MoneyKey attempts to arrange a loan and is responsible for the ongoing servicing of any loans that are originated. All Installment Loans are funded by an unaffiliated third-party lender.

I have a few more questions about Payday Loans in Ohio.

For additional questions, or If you would like to learn more about this online Payday Loan, 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

MoneyKey-OH, Inc. is licensed by the State of Ohio CS.900134.000. Click on the image below to view our Credit Services Organization License.

Get Started Today

Find out if you qualify for a loan or line of credit today

Apply Now
Question? Chat with us