MoneyKey Review

MoneyKey ReviewsMoneyKey is an American payday loans provider that serves customers across Delaware, Ohio, Texas and Utah. The company claims to offer safe short-term loans to address emergency financial needs. With its dedication to simple and convenient lending, the company promises to extend loans that are fast, affordable, and friendly. What makes MoneyKey particularly a good choice for payday loans is its policy of helping even those who have less than perfect credit ratings. The company is a licensed lender in Delaware, a licensed CAB loans provider in Texas, and a registered CSO loans provider in Ohio.

Loan Amounts and Fees
A new customer who applies for a loan can get as much as $500 for the first application. The company can grant bigger loans of up to $1000 to those who have already paid their first few loans.

Delaware and Utah loans are charged $30 for every $100 borrowed. In Ohio and Texas, the charge is in the form of a Credit Access Fee of $28 per $100 loan amount. There will be an additional 10% annual interest rate charged on the loan amount plus the credit access fee.

MoneyKey Review – Requirements and Qualifications

If you plan on applying for a loan with MoneyKey, you have to be of legal age (18 years old) and be employed for at least one month. You must be receiving regular salary. Additionally, you have to be a citizen of the United States or be a permanent resident in the country.

The Application Process
Because the application process is web-based, expect it to be quick and convenient. There are no messy paperwork and traditional transactions to accomplish. Everything is done online from start to finish. To apply, you have to go to the company’s homepage to input the amount of loan desired, fill in the email address field, and indicate the state where you reside. Click the “Apply Now” below to proceed. You will be redirected to a secure page for the actual application process. Simply fill up the form accurately and type in the CAPTCHA characters to go to the next step. After all forms have been completed, you just have to wait for the approval of the loan.

The approval only takes a few minutes if you have properly filled up the application form. Once approved, you will be presented all the details regarding the full cost of the loan and the repayment date. You will be required to electronically sign the document for the application process to be fully completed.

The loaned amount will be deposited or transferred to the bank account you indicated in your application form. Loans that have been approved before 4:30PM EST will be deposited to your account on the same day but there will be fees charged for wire transfers, where applicable. Funds deposited on the next day, however, will not be charged. You can just specify a next-day fund transfer if you prefer to avoid the transfer costs.

Loans may be partially paid, extended, or fully paid as scheduled. Extension is only selectively granted, depending on the state of residence. Contact the company for details on how you can ask for an extension on your payment date. Partial payments, on the other hand, are possible. You just have to pay off the fees and a portion of the principal loan amount. This is not an advisable option, though, as it entails a considerably higher amount of borrowing cost.

Security
The company guarantees online transactions that are protected and secure in accordance to industry standards. The company uses SSL encryption on its website to prevent third parties from accessing personal and transaction details. It is also worth noting that MoneyKey is a member of the Online Lenders Alliance. Its transactions and services are constantly reviewed to ensure customer protection against fraud and other threats online.

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Customer Service
It’s never a hassle reaching MoneyKey for customer inquiries or other concerns. The company can be contacted via email, through telephone number 1-866-255-1668, or fax number 1-866-461-6539. Customers who want to visit the company’s main office can head to the following address:

3422 Old Capitol Trail Suite 1613
Wilmington, DE 19808

As a bonus, the company offers a $25 incentive for those who refer their friends, relatives, or co-employees to get a loan at MoneyKey. If you think you enjoyed the company’s service, there shouldn’t be problems recommending them to people you know.

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