Money Mart
Borrow your first $300 with Payday Boost at 0% interest. Fast online application, instant decision, and cash in minutes with transparent fees.
Money Mart’s Payday Boost lets eligible Canadian residents borrow their first $300 absolutely interest-free. With approval in minutes, applicants can request up to $1,500, subject to eligibility. APR ranges between 34.56% to 34.95% for continuing loans. There are no credit checks on initial eligibility, making it accessible for most.
Loan terms are typically repayable on your next payday, presenting a short-term, high-speed solution for financial emergencies. If choosing an installment loan, terms can range from 6 to 84 months, with clear breakdowns of fees and monthly payments during application. The optional Loan Protection Plan is available for extra peace of mind.
How to Apply: Step by Step Application
- Start with a quick, simple online application.
- Check your eligibility instantly without impacting your credit score.
- Select your preferred funding method, including direct deposit or pick up at a branch.
- Once approved, access your cash fast—often in less than 15 minutes.
- Choose repayment on your next payday or select flexible installment terms if eligible.
Pros: Why Consider Money Mart?
Money Mart offers a unique 0% interest deal on your first $300 borrowed with Payday Boost, giving an edge for first-time users needing emergency cash.
Fast online eligibility checks, no impact on your credit score, and multiple funding options increase accessibility. Many customers praise the quick application and courteous customer service.
Cons: Points to Consider
Regular APR after the initial offer is high, ranging above 34%, so carrying a balance beyond the first $300 can be costly.
Fees are disclosed up front, but can add up quickly for larger amounts and longer terms. Read all terms thoroughly before committing.
Verdict: Our Take
Money Mart’s Payday Boost provides swift, easy access to short-term cash with a standout offer on your first $300. It’s especially useful for short-term, urgent needs but should be used responsibly due to high post-offer rates.
If you’re in immediate need of a small loan and can repay quickly, this option is worth considering. Always consider your repayment ability to avoid additional costs or financial stress.
