State Licensed Direct Lender
MoneyKey is a state-licensed direct lender in Wisconsin. Loans are funded by MoneyKey – WI, Inc. and governed by all applicable laws.
Have you just been hit by an unexpected expense that you can’t afford? MoneyKey is here to help. With our Installment Loans in Milwaukee and throughout Wisconsin, you may qualify for a cash advance between $200 to $2,500 that may help you get through an unforeseen emergency expense.
Pay off your personal Installment Loan in 11 or 23 scheduled installments, depending on whether you are paid monthly, semi-monthly, bi-weekly or weekly. Read our article about the benefits of installment loans and when they may be an effective solution for a short-term financial emergency, before you make the decision to apply for one.
With MoneyKey, the application process for Installment Loans in Milwaukee is easy. It’ll only take you minutes to complete, and if you’re approved, you may get the cash you need as soon as the same business day*.
As you move through your credit journey, you may also be eligible for a reduced cost of credit and/or increased loan amounts based on your payment history over time†.
In a state that is the nation’s leading producer of cheese, it’s no wonder that common jobs held by Milwaukee residents fall into the category of cooks and food preparation workers. In 2018, 19,884 residents held one of these positions. But these jobs don’t always pay the highest wages. In Milwaukee, food preparation & serving related occupations had the lowest median income of any group of workers, with average earnings of $16,481 per year. This may make it tough to build up the savings to handle an unexpected bill or repair.
A Wisconsin Installment Loan may be able to help if you’re faced with an emergency expense and don’t have the cash to handle it!
Apply Now or call us at 1-866-255-1668 for more information. MoneyKey also offers Installment Loans in other Wisconsin cities.
For Installment Loans in Milwaukee, the amount you can borrow will range between $200 and $2,500. After reviewing your application, we will let you know if you qualify for the cash advance and the total amount you may be eligible to receive. If approved, your funds may be deposited into your bank account the same business day*.
Interest will be charged on your MoneyKey Wisconsin Installment Loan, with a maximum APR of 295%
The exact APR, repayment amount and payment schedule will vary depending on specific details of your loan, which can be found in your loan agreement
This loan is an expensive form of credit and is not meant to meet long-term financial needs MoneyKey advises you to use this product responsibly
As you move through your credit journey, you may also be eligible for a reduced cost of credit and/or increased loan amounts based on your payment history over time†.
The term for your Milwaukee Installment Loan will be approximately 12 months
In this example, the APR is 290.89% for a loan of $550 with an effective date of 02/18/2021, payable in 23 bi-weekly installments.
| Annual Percentage Rate | Finance Charge | Amount Financed | Total of Payments |
|---|---|---|---|
|
The cost of your credit as a yearly rate
290.89% |
The dollar amount the credit will cost you
$1,012.83 |
The amount of credit provided to you on your behalf
$550.00 |
The amount you will have paid after you have made all payments as scheduled
$1,562.83 |
| Payment Date | Payment Amount |
|---|---|
| 03/05/2021 | $67.96 |
| 03/19/2021 | $67.96 |
In this example, the APR is 290.41% for a loan of $550, with an effective date of 02/12/2021, payable in 11 monthly installments.
| Annual Percentage Rate | Finance Charge | Amount Financed | Total of Payments |
|---|---|---|---|
|
The cost of your credit as a yearly rate
290.41% |
The dollar amount the credit will cost you
$911.59 |
The amount of credit provided to you on your behalf
$550.00 |
The amount you will have paid after you have made all payments as scheduled
$1,461.59 |
| Payment Date | Payment Amount |
|---|---|
| 02/26/2021 | $132.88 |
| 03/30/2021 | $132.87 |
Short term loans, such as installment loans, are not intended to meet long-term financial needs. Installment loans offered by MoneyKey in Milwaukee should only be used to meet short-term emergency cash needs. An installment loan may serve as a viable financial solution when facing unexpected, emergency expenses, such as immediate car repairs that must be made to help you travel to and from work and home repairs, like replacing leaky pipes.
MoneyKey is a state-licensed direct lender in Wisconsin. Loans are funded by MoneyKey – WI, Inc. and governed by all applicable laws.
In order to qualify for a MoneyKey Installment Loan in Milwaukee, borrowers must:
Please note that currently no credit products offered through MoneyKey have rates that would meet the requirements applicable to lend to covered members of the US Armed Forces and their dependents.
Yes, you may qualify for an Installment Loan with MoneyKey, even if you have a bad credit score.
If approved, your funds may be deposited into your bank account the same business day*.
You won’t need an appointment to apply for your online loan. Just click here to begin the application process. The application process is simple and may take only a few minutes to complete.
For more information, feel free to contact our Customer Care team at 1-866-255-1668. You can also find more information about us and our products and services by visiting our general FAQs page.
Lines of credit and installment loans are two different means of borrowing money. Both options allow borrowers to access funds for different purposes, such as home renovations or unexpected expenses. However, there are several key differences between installment loans and lines of credit.
Installment loans are a type of loan where a borrower receives a lump sum of money upfront and then pays it back over a set period, typically in equal installments. These loans often have a repayment term, which means the borrower knows exactly how much they need to pay each month and when the loan will be fully repaid.
On the other hand, lines of credit are more like credit cards, where a borrower can access a set amount of money but only uses what they need when they need it. Unlike installment loans in Milwaukee WI, lines of credit do not have a fixed repayment term, and the borrower only pays interest and/or fees on the amount they draw.
Another key difference between installment loans and lines of credit is the flexibility they offer. Installment loans are ideal for borrowers who prefer predictability and consistency, as they have a fixed repayment schedule. Lines of credit, on the other hand, offer more flexibility as borrowers can use the funds as needed and only pay applicable charges on what they use. However, this flexibility can also lead to overspending and a longer repayment period.
In summary, installment loans and lines of credit are two different forms of borrowing that both have unique traits. Installment loans in Milwaukee WI may be ideal for borrowers who need funds upfront and prefer a predictable repayment schedule. Lines of credit are ideal for borrowers who need flexibility and only want to borrow what they need.
There are various emergency situations where you may feel like online loans in Milwaukee WI could help you out. Here are some common scenarios where that may be the case:
In conclusion, unexpected emergencies can arise at any time, and online loans in Milwaukee can be a valuable tool to help cover the costs of unexpected expenses. It's important to remember that taking out a personal loan should be done with careful consideration, and you should only borrow what you can afford to pay back.