State License
MoneyKey is a state-licensed direct lender in Missouri. Loans are funded by MoneyKey – MO, Inc. and governed by all applicable laws.
Click image below to view our Missouri license.
Emergency expenses are never fun to deal with, but if you find yourself facing one, MoneyKey may be able to help. If approved, you can get an Installment Loan in Kansas City and throughout Missouri between $200 and $2,500 to help you deal with the financial fallout from an emergency when you don’t have an emergency fund in place. You can pay this personal Installment Loan off in either 11 or 23 scheduled installments, depending on whether you are paid monthly or bi-weekly, semi-monthly or weekly.
Applying for an Installment Loan in Kansas City with MoneyKey is a simple process. The application only takes minutes to complete, and if you’re approved, you could have 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†.
Missouri is a diverse state with a rich history in many different realms. Birthplace of famous writers like Mark Twain and Maya Angelou, it’s also known for American staples like Budweiser and barbecue.
When it comes to the workforce, a good chunk of the fastest growing jobs in 2019 were in the healthcare industry. And anyone working in this field knows how difficult an unexpected medical emergency can be to handle financially, especially when you don’t have an emergency fund at the ready. Luckily, an Installment Loan in Missouri with MoneyKey may be able to help! We offer a Kansas City Installment Loan that can help you take care of an emergency expense when you don’t have the savings to cover it.
Apply Now or call us at 1-866-255-1668 for more information.
$200 to $2,500
Interest will be charged on your Installment Loan with a maximum APR of 295%. If you are approved for a loan, specific loan details will be outlined in your loan agreement.
This product is an expensive form of credit that’s only meant to be used as a stopgap to cover unexpected expenses, not to meet long-term financial needs.
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 of your loan will span approximately 12 months.
In this example, the APR is 291.19% for a $1,000 Installment Loan with an Effective Date of 08/13/2020, 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
291.19% |
The dollar amount the credit will cost you
$1,820.88 |
The amount of credit provided to you on your behalf
$1,000.00 |
The amount you will have paid after you have made all payments as scheduled
$2,820.88 |
| Payment Date | Payment Amount |
|---|---|
| 08/27/2020 | $122.68 |
| 09/10/2020 | $122.68 |
In this example, the APR is 291.89% for a $1,000 Installment Loan with an Effective Date of 09/16/2020, payable in 11 monthly installments.
| Annual Percentage Rate | Finance Charge | Amount Financed | Total of Payments |
|---|---|---|---|
|
The cost of your credit as a yearly rate
291.89% |
The dollar amount the credit will cost you
$1,627.56 |
The amount of credit provided to you on your behalf
$1,000.00 |
The amount you will have paid after you have made all payments as scheduled
$2,627.56 |
| Payment Date | Payment Amount |
|---|---|
| 10/02/2020 | $238.79 |
| 11/04/2020 | $238.78 |
MoneyKey is a state-licensed direct lender in Missouri. Loans are funded by MoneyKey – MO, Inc. and governed by all applicable laws.
Click image below to view our Missouri license.
In order to qualify for an online loan with MoneyKey in Kansas City, 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. If you’re able to meet the minimum requirements listed above, you may be able to qualify for an Installment Loan in Kansas City with MoneyKey.
If approved, your funds may be deposited into your bank account as soon as the same business day.
No, no appointment will be necessary when you apply for an online loan with MoneyKey. Enjoy the convenience of starting your application any time of the day or week and applying online from anywhere you get internet. You can start the application online by clicking here. The application is simple and may take only a few minutes to complete.
Even once you’ve done your due diligence, applying for a personal installment loan is still a decision you need to approach carefully. At MoneyKey, we want to make this process as smooth as possible for you. If you need additional guidance or have any questions about the application or borrowing process, reach out to us at 1-866-255-1668 and our Customer Care team will be happy to help you. You can also find more information about us and our products and/or services by visiting our general FAQs page.
Online loans have become increasingly popular over the years, and for good reason. There are many benefits to getting an online installment loan that may make them a viable option for people looking to borrow money. Here are some of the potential benefits of online loans:
Overall, online loans can offer you a convenient way to get the money you need.
It’s possible that taking out an installment loan in Kansas City can have an impact on your credit score, which is a numerical representation of your creditworthiness. When you apply for an installment loan, the financial institution that you’ve applied with will typically check your credit report and score. In addition, if you miss payments or default on the personal loan, this can have a negative impact on your credit score, as it suggests that you're a risky borrower. It's important to manage your loans carefully and make payments on time to maintain your credit score.
Both installment loans and lines of credit are popular types of credit products used by individuals to finance their expenses. However, they can differ significantly in their structure, repayment terms, and usage.
An installment loan is a type of loan where the borrower receives a fixed amount of money upfront and repays the loan over a set period with a predetermined payment schedule. The repayment schedule usually includes fixed payments, and the loan balance decreases with each payment made. Once the borrower has repaid the loan in full, the account is closed. Examples of installment loans include auto loans and mortgages.
In contrast, a line of credit is a revolving credit account that allows the borrower to draw funds up to a pre-approved limit. The borrower can access the funds as needed, and interest and/or fees are only charged on the outstanding balance. The borrower is required to make the minimum payments to keep their account in good standing.
In summary, installment loans in Kansas City offer a fixed amount of funds with a set repayment schedule, while lines of credit can be flexible as funds can be drawn upon as needed. Installment loans are generally better suited for large, one-time expenses, while lines of credit can be used for ongoing or unpredictable expenses. Understanding the differences between the two can help borrowers make informed decisions when choosing the right credit product for their financial needs.
Emergency situations can arise at any time, and sometimes they require immediate attention. In some cases, you may not have the necessary funds to address the issue at hand. This is where online installment loans in Kansas City come in handy. Here are some emergency situations that could prompt you to apply for an installment loan:
In the end, unexpected emergencies can arise at any time, and an installment loan in Kansas City can help you cover the costs of these emergencies when you don't have the necessary funds. It's important to carefully consider the terms and interest rates of the loan and ensure that you can afford to make the payments before taking out a loan.