Money Mart
Borrow your first $300 interest-free with Payday Boost. Instant approval, flexible loan amounts up to $25,000, and fast funding—no impact on credit score.
Money Mart’s Payday Boost is an ideal short-term loan option for Canadians who need fast access to cash. The standout offer allows new clients to borrow up to $300 with zero fees for repayment within 14 days. For larger or longer loans, Money Mart offers installment loans from $500 to $25,000 with an APR ranging between 34.56% and 34.95%, repayable over 6 to 84 months. Borrowers can check their eligibility without any impact on their credit score, making this an attractive feature for those worried about their report.
How to Apply: Step by Step
- Complete a quick online application to determine eligibility.
- Select your preferred bank account and how you wish to receive your funds.
- Receive approval instantly and access your funds as soon as 15 minutes, or within 24 hours for most applicants.
Pros of Money Mart Payday Boost
One notable advantage is the $300 interest-free offer for first-time borrowers, making it risk-free if repaid quickly. Approval times are very fast—often within minutes. The ability to apply without impacting your credit score is also a big plus, reducing applicant stress.
Cons of Money Mart Payday Boost
Installment loan APRs are higher than traditional bank loans, which may not suit all borrowers. Additionally, loans above the promotional $300 come with standard industry fees. Missed payments can increase costs for borrowers.
Our Verdict
Money Mart’s Payday Boost is a solid solution for Canadians needing a quick cash infusion, especially for those who can repay within two weeks. While APRs are higher for larger loans, the easy application and instant decisions set Money Mart apart for emergency borrowing needs.
