Money Mart
Money Mart’s Payday Boost lets you borrow your first $300 at no interest, with fast approval, simple online application, and no credit impact on eligibility checks. Flexible terms available.
Money Mart’s Payday Boost offer is aimed at Canadians who need fast cash without long waits or heavy paperwork. You can borrow from $100 up to $1,500, but first-time users can borrow their first $300 at no interest and zero fees if repaid within 14 days. The standard APR for Payday Boost after promotions ranges from 34.56% to 34.95%, which is in line with typical short-term loan rates. Eligibility checks do not impact your credit score, and approval is often instant.
How to Apply: Step-by-Step
- Complete the quick online application with basic information.
- Check your eligibility without affecting your credit score.
- Select your preferred bank account or funding method.
- Review and agree to terms, then submit.
- Receive funds in as little as 15 minutes to your account.
Pros of the Money Mart Payday Boost
The standout feature is the $300 no-interest promo for first-time borrowers, which offers genuine savings. Fast approval and minimal paperwork accelerate funding. Plus, checking eligibility will not hurt your credit score.
Customers also praise the user-friendly online application and the clear, transparent fee structure. Flexible repayment options suit varying needs, from weekly to monthly schedules.
Cons of the Money Mart Payday Boost
The interest rate after the promo is higher than traditional bank loans, so it may not be suitable for ongoing borrowing. Repayment terms are short, and missing payments can add up quickly in fees or interest.
This is best for emergencies, not for regular or long-term borrowing. If you need a larger loan or lengthier repayment, you may want to consider an installment loan product.
Verdict: Is Money Mart Payday Boost Worth It?
Money Mart Payday Boost shines if you need money urgently and expect to repay your first $300 quickly for zero cost. The transparent, speedy process and no-credit-check eligibility are big pluses for many borrowers. Higher interest rates apply after the promo, making it best for one-time, short-term needs.
