Money Mart
Get up to $25,000 with rates from 34.56%–34.95% APR, flexible terms and instant approval. Enjoy fast funding and your first $300 on us with Payday Boost.
Money Mart offers a range of flexible borrowing options for Canadians, including Payday Boosts and Installment Loans. Loans range from $100 to $25,000, with rates between 34.56% and 34.95% APR. Terms offered span from 6 months to 84 months, with instant eligibility checks that do not impact your credit score. Notably, first-time borrowers may qualify for $300 interest-free via the Payday Boost, making it an attractive choice for those needing quick, small amounts.
How to Apply for a Money Mart Loan
- Complete a quick online application — eligibility checks won’t harm your credit score.
- Select your preferred funding method and link your bank account.
- Get an instant decision and receive funding in as little as 15 minutes or up to two days.
Pros of Money Mart Loans
One of the strongest advantages is the fast approval, providing instant decisions and rapid access to funds. Flexible repayment terms allow you to customize your loan based on your situation. The first $300 with Payday Boost comes with no borrowing fee, which sets Money Mart apart for new customers. The ability to check eligibility risk-free is convenient.
Cons of Money Mart Loans
The main downside is the high interest rate, typical of short-term and installment loans, with an APR of up to 34.95%. Borrowers with other affordable credit options may find these loans expensive. Additionally, optional insurance plans can increase your total cost if you choose them.
Our Verdict
Money Mart’s loan offers are a good fit for Canadians needing urgent cash or flexible installment options but willing to pay higher interest for this convenience. Check eligibility if you need quick funds but compare with other lenders if you want lower rates for larger loans.
