Cash Money
Loans up to $25,000 with pre-approval that doesn’t impact your credit, plus fast payouts and flexible options for many Canadian financial needs.
Cash Money is making personal borrowing simple in Canada with pre-approval loans that won’t affect your credit score. With flexible options including Line of Credit, Auto Equity, and Payday Loans, borrowers can access up to $25,000 depending on the product. There’s a straightforward application process, and funding is often available within 15 minutes, ideal for those needing quick cash without hassle.
Interest rates and loan terms vary by product. The Line of Credit offers borrowing up to $10,000, while the Auto Equity Loan stretches up to $25,000, secured against your vehicle, potentially boosting your credit. Payday Loans provide fast approvals for amounts up to $1,500 with flat fees. Applicants should be 18+, with ID, a steady income, and a chequing account. Disability and EI are accepted incomes.
How to Apply: Step by Step
1. Start your application online, by phone, or in-branch if considering an Auto Equity Loan.
2. Submit required documents—ID, proof of income, and bank details.
3. Wait for verification and loan decision, then review and sign the agreement.
4. Receive your funds via e-Transfer or direct deposit, usually within minutes.
Vorteile
One major advantage is the ability to check your pre-approval options without impacting your credit score. This process is fast and transparent, letting you review all offers before committing. Flexible loan amounts, quick funding, and different loan types mean you can cater to most financial needs, from emergencies to larger planned expenses.
Nachteile
Potential drawbacks include higher borrowing costs, typical for short-term lending and payday loans. Also, to get a higher Auto Equity Loan, a branch visit is required, making it less convenient than online processes for those in remote locations.
The Verdict
Cash Money’s pre-approval loan options are robust for Canadians needing quick, flexible funds, with the benefit of no initial credit impact. While fees might be higher than traditional loans, the speed, accessibility, and user experience make them a strong option if you need funds fast and want clarity before committing.
