Money Mart
Borrow your first $300 fee-free with instant approval and no credit impact. Convenient online and in-branch application for Canadians seeking fast financial solutions.
Money Mart’s Payday Boost is making life easier for Canadians who may need extra cash from time to time. You can borrow your first $300 with no cost, making it a standout option for short-term lending. Approval is fast and applications do not affect your credit score, which is ideal for those who are cautious about credit checks. The annual interest rate on installment loan products ranges from 34.56% to 34.95%, with repayment flexible from 6 up to 84 months depending on the loan type. Loans are available in most regions of Canada, making it widely accessible for quick financial relief.
How to Apply for Money Mart Payday Boost
- Fill out a short application (online or in-branch).
- Submit your personal and banking information.
- Check eligibility—your credit score is not impacted.
- Choose your preferred funding method.
- Receive an instant decision with cash available in 15 minutes to 1-2 days.
Pros of the Money Mart Payday Boost
One major advantage is the ability to borrow your first $300 without fees, perfect for facing unexpected expenses. The application process is straightforward and requires minimal documentation, making it accessible for almost anyone in Canada.
Another plus is the no-impact to your credit score when checking eligibility. Fast approval, flexible repayment terms up to 84 months for some loans, and the option of an optional protection plan offer significant peace of mind.
Cons of the Money Mart Payday Boost
On the downside, interest rates on installment products can be high—up to 34.95% APR—which is significantly above traditional lenders and may not be suitable for everyone. Limits on the loan amount may restrict how much you can borrow, especially if you need larger sums.
Additionally, while approval is instant, some applicants may still need to provide additional documents before receiving funds. Not all applicants will qualify for the no-cost first $300 offer.
Verdict: Should You Choose Money Mart Payday Boost?
Money Mart Payday Boost is a solid option for Canadians seeking fast, small-dollar loans with no initial fees. While the convenience and speed are hard to match, make sure you’re comfortable with the higher interest rates compared to banks. For those in urgent need, this offer is competitive among payday and short-term loan providers.
