Online Installment Loans in Wisconsin

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Online Installment Loans in Wisconsin: Frequently Asked Questions

• How do I qualify for a loan?

  To qualify for a MoneyKey Installment Loan in Wisconsin, you must:
  • Be at least 18 years old
  • Be a US citizen or a permanent resident
  • Be a resident of Wisconsin
  • 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 covered members of the US Armed Forces and their dependents.

• Is this a payday loan?

  No, this is not a payday loan. A payday loan is a short-term loan where you are typically required to pay back the loan in full on your next payday. This is an installment loan, which is different because unlike a payday loan, no lump-sum payment is required. With an installment loan, you pay back the loan in installments over time until it is paid off.

• Where can I find loan stores near me?

• If you’re looking for an easily accessible and convenient borrowing process, an online loan might be a good option for you. You can apply for an Installment Loan in Wisconsin through MoneyKey online and have your application submitted in just minutes.

• Can I get same day funding?

  If you’re approved, we may typically deposit the money in your bank account the same business day*.

• Am I going to need to make an appointment to submit a request for an Installment Loan online in Wisconsin through MoneyKey?

  No, there’ll be no need to make an appointment. As long as you have access to the Internet, you should be able to apply for online loans in Wisconsin through MoneyKey when the need arises. To start your application, all you need to do is click here. Submitting a request for this personal loan in Wisconsin is easy and it’ll only take you minutes to complete^◆. If you’d like to receive more details on this process, you can call us at 1-866-255-1668 and someone from the Customer Care team will be happy to help you.

• Can I pay my loan off early?

  Of course. In fact, we encourage it and there’s no penalty to pay off your Installment Loan earlier than scheduled. If you’d like to make an early payment, or a larger payment to pay down more of your principal, you may do so by calling us at 1-866-255-1668 or emailing [email protected]. Paying off your loan earlier than scheduled may reduce the total amount of interest you'll pay.

• I don’t live in Wisconsin, can I still apply for an online installment loan?

  You need to be a resident of Wisconsin to be eligible for a Wisconsin Installment Loan. Whether you live in cities like Milwaukee, Kenosha or Racine – you can apply online through our secure platform or over the phone. If you live in another state, please check our Products & Services to see if other online loans such as Installment Loans or Lines of Credit are available in the state that you currently live in. Have more questions? Please refer to our general FAQs page or contact our Customer Care team at 1-866-255-1668.

General Inquiries

• Do online loans in the form of installment loans in Wisconsin impact my credit score?

  Yes, they could. Before you apply for a personal loan in Wisconsin, you should check to see if your online loan payments are going to be reported to a credit bureau. If they are, it’s likely that your credit is going to be impacted in some way. This impact could be negative or positive, depending on whether your payments on your online loans are being made on time or if they’re late. Ultimately, in order to avoid damaging your credit score or your financial profile in general, you should always make sure to pay off your personal loans in Wisconsin in a timely manner.

• How is a Wisconsin installment loan online different from a line of credit?

  Online installment loans in Wisconsin and lines of credit are two common forms of borrowing money, but they differ in several ways. An installment loan is a type of loan in which, if approved, the borrower receives a lump sum of money upfront and repays it over a set period of time, usually in fixed installments. The borrower typically pays a fixed interest rate and knows the total amount of interest and principal they will repay over the term of the loan. At the other end of things, a line of credit is a flexible borrowing option that gives you the ability to access funds as needed up to a certain credit limit. The borrower only pays interest and/or fees on the amount of money they’ve borrowed and can draw on the line of credit multiple times as long as they don't exceed the credit limit. In some cases, a line of credit may have a variable interest rate that can change over time, and the borrower may not know the total amount they will ultimately pay in interest. Ultimately, installment loans are fixed-term loans that offer a set amount of money, and generally predictable payments over time. Lines of credit, in contrast, are open-ended loans that provide a flexible source of borrowing as borrowers can draw funds on a revolving basis up to their credit limits. The choice between an installment loan online and a line of credit depends on the borrower's individual needs and financial situation.

• Why should I consider applying for an installment loan online in Wisconsin versus in-person loans?

  Online loans have become increasingly popular because of their convenience. While both online loans and in-person loans can offer financial assistance, applying for an online loan can have several benefits, like:
  • Speed: When you need a bit of financial help in an emergency situation, deciding to apply for a loan online can often help you move through the application process more quickly than if you were to apply in person. You’ll want to remember this given the fact that emergency situations usually need your immediate attention.
  • Convenience: Not only is the application process usually quick with online loans, but borrowers can apply from the comfort of their own homes. This means that borrowers don’t have to take time off work or schedule appointments with lenders, making the process much more efficient and accessible.
  • Apply 24/7: If your life is busy and you’re suddenly faced with the need to apply for a personal loan in Wisconsin, you might be wondering how you’ll find the time to do this when your schedule is already packed to the brim. Fortunately, if you don’t think you can manage to apply for a personal loan during the day, with online loans in Wisconsin, you can usually fill out an application 24/7.

• When can I consider applying for Wisconsin loans online?

  In an emergency situation, a personal loan in Wisconsin can be a valuable financial tool to help you meet your immediate needs. However, it's important to carefully consider your options before applying for a loan online. Here are some situations where it might make sense to consider a personal loan:
  1. Medical emergency: If you or a family member is facing a medical emergency, personal loans in Wisconsin can help you cover the costs of treatment, hospitalization, or medication.
  2. Car repairs: If your car breaks down and you don't have the funds to pay for repairs, an online loan can help you get back on the road and avoid missing work or other important commitments.
  3. Home repairs: If your home needs urgent repairs, such as a leaky roof or a broken furnace, a personal loan can help you pay for the necessary repairs without dipping into your savings or retirement funds.
  When considering a personal loan, it's important to shop around for a loan that works for your situation, and to make sure that you can afford the payments. You should also be aware of any fees or penalties associated with the loan, and make sure that you understand the terms of the agreement before signing on the dotted line. Overall, a personal loan in Wisconsin can be a valuable tool in an emergency situation, but it's important to use it wisely and responsibly to avoid getting into further financial trouble.