Texas installment loans


Texas installment loans

Select your state to view loan options available to you

About the Installment Loan

A Flex-Pay Installment loan is a small dollar loan with a medium to longer loan term. The Flex-Pay Installment Loan is paid back through a number of scheduled repayments set up to coincide with your pay dates. MoneyKey-TX, Inc. is a Credit Access Business (CAB) and is not the lender in the State of Texas. All loans are made by an unaffiliated third party lender.

How much can I borrow?

The maximum loan amount for Texas residents is $1, 000. Any approved loan amount is based on certain qualification criteria. Not every loan application will be approved for a Flex-Pay Installment Loan.

What are the fees?

MoneyKey earns the CAB Fee up front for locating an unaffiliated third-party lender, guaranteeing payment of your loan and servicing your loan.

If you are a customer on a bi-weekly or semi-monthly payment schedule, MoneyKey charges a CAB Fee of the sum of up to $29 per $100 of the principal amount outstanding from each installment in your payment schedule. If you pay early, your CAB Fee will be adjusted accordingly based on your truncated payment schedule.

If you are a customer on a monthly payment schedule, MoneyKey charges a CAB Fee of the sum of up to $32 per $100 of the principal amount outstanding from each installment in your payment schedule. If you pay early, your CAB Fee will be adjusted accordingly based on your truncated payment schedule.

The unaffiliated third-party lender funding your loan will charge you an interest rate of 10% per year on the principal amount outstanding.

If you are a customer on a bi-weekly or semi-monthly payment schedule, the first four (4) payments of the Flex-Pay Installment Loan will only consist of payments towards the CAB Fee and interest. Subsequent installments will then additionally include a payment towards your principal consisting of approximately a 14.29% pay down of the original principal. This limits the number of installments to 11.

If you are a customer on a monthly payment schedule, the first two payments of the payment schedule consist of payments towards the CAB Fee and interest only. Subsequent installments will then additionally include a payment towards the principal, consisting of approximately a 33.33% pay down of the original principal. This limits the number of installments to five (5).

Consumer Disclosure Form:

The following links contain disclosures required by the state of Texas for all residents applying for a Flex-Pay Installment loan. These disclosures outline all of the costs associated with installments loans of the following amounts:

Are there additional fees?

Fee Amount
NSF Fee (Dishonored Payment) $30.00

Interesting facts

  • Revolving credit is a type of credit that does not have a fixed number of payments, in contrast to installment credit. Examples of revolving credits used by consumers include credit cards. Corporate revolving credit facilities are typically used to provide liquidity for a company's day-to-day operations. They were first introduced by the...

Additional information


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