Money Mart
Try the Money Mart Payday Boost offer: borrow your first $300 at no charge, get instant approval, and enjoy flexible repayment and transparent fees.
The Money Mart Payday Boost stands out to Canadians looking for instant cash with simple eligibility and clear terms. New clients can borrow their first $300 for free with no fee. Interest rates for installment loans typically range from 34.56% to 34.95% APR. Loan amounts start at $100 and reach $1,500 for Payday Boost, or up to $25,000 for installment loans. Flexible repayment terms are available, ranging from 14 days to 84 months, and the entire process can be completed online or at a branch. Best of all, you can check loan eligibility without affecting your credit score.
How to Apply: Step by Step
- Start with a short, online application
- Verify your identity and banking details
- Choose your preferred funding method
- Receive an instant decision
- Get funds in as little as 15 minutes
Main Advantages
Money Mart offers a fast and easy way to get cash. No complicated paperwork and quick approval make it perfect for emergencies.
The ability to borrow the first $300 for free as a new Payday Boost customer adds unique value, and eligibility checks do not impact your credit score.
Pitfalls to Consider
The higher interest rates (up to 34.95% APR) can make loans expensive if not repaid quickly, especially for larger amounts.
Short repayment schedules for Payday Boost loans may not suit all borrowers, and missing repayments can result in additional fees.
Final Verdict
Money Mart’s Payday Boost is a strong choice for Canadians needing instant funds and simple application steps, with especially good value for first-time users. However, always consider your ability to repay quickly due to the high APR associated with these loans before committing.
