South Dakota Installment Loan Frequently Asked Questions

Our answers to your most frequently asked questions

Effective November 16, 2016 MoneyKey is no longer issuing new loans in South Dakota.

Q: Do I qualify for a MoneyKey Installment Loan?

To qualify for South Dakota Installment Loans by MoneyKey, you must:

  • Be 18 years of age or older
  • Be a US citizen or Permanent Resident
  • Be a South Dakota resident
  • Have an active bank account
  • Have a regular source of income
  • Have a valid contact number and an active email address
Please note that we currently do not offer credit products with rates that allow us to lend to active members of the US Armed Forces and their dependents.

Q: What is an Installment Loan?

This MoneyKey Substantially Equal Payment (SEP) Installment Loan is a loan product that is repayable in substantially equal installments spread out over a period greater than six (6) months. Each installment includes a payment toward your principal loan amount.

Please note that the Flex-Pay Installment Product is no longer offered to customers in South Dakota. Existing Customers in South Dakota currently have a Flex-Pay product, click here.

Q: How much can I borrow?

South Dakota Installment Loan amounts range between $200 and $1,000. 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.

Q: How much will my Installment Loan cost?

Please visit our South Dakota Rates and Terms page for more detailed product information.

Q: Will you call my references?

If we need to get in touch with you about your account, but are unable to reach you, your references may be contacted. We will never disclose the nature of your business with MoneyKey to your references or employers.

Q: Do I need to fax or email in any documents?

In most cases you will not need to fax or email us any documents; however, if we require additional information which we are unable to verify over the phone, we may ask that you send us documentation either via fax or email.

Q: When do I receive my Installment Loan?

If your Installment Loan is approved before 8:30 PM EST from Monday through Friday, or before 6:30 PM EST on Saturday or a Sunday, the funds will be available in your bank account the following business day*.

* The date and time the funds are made available to you by your bank is subject to your bank's policies.

Q: When do I pay back my Installment Loan?

The Installment Loan is repaid through a number of substantially equal scheduled installments. If you want to make an early payment, or make a larger payment to pay down more of your principal, you may do so at any time by contacting MoneyKey by phone at 1-866-255-1668. 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.

Early Repayment Notice: There is no penalty associated with early 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.

Q: How do I check my account status?

Log in to your account to view your account status.

Q: How do I update my information? (Change in email address, phone number(s), mailing address, employment or banking information)

You can update your account by calling 1-866-255-1668 and speaking with one of our friendly Customer Care Agents, who will be happy to update your information for you.

Q: Why am I not receiving emails from MoneyKey?

MoneyKey sends important emails regarding payment reminders, confirmations and promotions. To make sure you receive these emails, please add to your contacts.

If our emails are not making it into your inbox, please check your spam folder.

Additional Questions

If you have any additional questions, please contact us at 1-866-255-1668 or chat online, and one of our Customer Care Agents will be happy to answer any questions you may have.

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