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Installment Loan

46.90% APR^

$0

Loan Amount

#00

Payments

$0

Monthly Payments*

Term Length

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Cash Advance

$0

Loan Amount

$00

Fees

$0

Total Repay*

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What you need to apply

Installment Loan

  • 1. Be at least 19 years old with a valid ID
  • 2. A chequing account
  • 3. A steady source of income

Cash Advance

  • 1. Be at least 18 years old✝︎ with a valid ID
  • 2. A chequing account
  • 3. A steady source of income

Loan Comparison

Installment Loan

Cash Advance
Description Money you borrow and pay back with flexible repayment options. A money advance to help meet short term financial needs. Typically repaid on your next payday which is why it is also referred to as a Payday Loan.
Available Loan Amount $1,000-$15,000 $120-$1,500
Duration 12 to 60 months 1 to 62 days
Payback Flexibility Multiple payments (or installments) Single payment‡
In-store Pickup Option Yes Yes
In-store Payment Option Additional payments only. (Regularly scheduled payments are automatically withdrawn from your account and cannot be made in store) Yes
Builds Credit History Yes No
Availability Online, by phone, and in-store for all provinces except QC. In-store for all provinces except QC. Online for all provinces except QC and MB.
Typical Uses Home improvement, bills & expenses, auto needs, moving expenses, education, debt consolidation, big purchases, travel & leisure Unexpected expenses, bill payments, medical, rent expenses
Loan Comparison
Installment Loan
Cash Advance
Description
Money you borrow and pay back with flexible repayment options.
A money advance to help meet short term financial needs. Typically repaid on your next payday which is why it is also referred to as a Payday Loan.
Available Loan Amount
$1,000-$15,000
$120-$1,500
Duration
12 to 60 months
1 to 62 days
Payback Flexibility
Multiple payments (or installments)
Single payment‡
In-store Pickup Option
Yes
Yes
In-store Payment Option
Additional payments only. (Regularly scheduled payments are automatically withdrawn from the bank account specified and cannot be made in store)
Yes
Builds Credit History
Yes
No
Availability
Online, by phone, and in-store for all provinces except QC.
In-store for all provinces except QC. Online for all provinces except QC and MB.
Typical Uses
Home improvement, bills & expenses, auto needs, moving expenses, education, debt consolidation, big purchases, travel & leisure
Unexpected expenses, bill payments, medical, rent expenses

^You may qualify for a lower rate

*Calculation is for illustrative purposes and assumes the applicant is paid monthly. The actual cost and repayment terms may vary. You may be approved for a different loan amount.

‡A Cash Advance may have more than one payment

✝︎Age requirements may vary by province. See store for details.

To qualify for a cash advance (payday loan), minimum net pay requirements will apply and may vary by province. Other conditions may also apply. Ask a Money Mart® Customer Service Representative for details. Online loans originated only to residents of Alberta, British Columbia, Nova Scotia, Ontario, and Saskatchewan. Manitoba residents can start the loan application online, but must visit a Money Mart store in Manitoba to complete the application, receive a credit decision and cash, if approved.

[Alberta residents: The APR on a $300 loan for 42 days is 201.84% for a weekly paid borrower on a rate of $15.00 per $100 borrowed.] [British Columbia residents: The APR on a $300.00 loan for 14 days in BC is 391.07% at the rate of $15.00 per $100.00 borrowed. Money Mart branch BC Cash Advance Licence #49839. Online BC Cash Advance Licence #62477.] [Manitoba residents: The APR on a $300.00 loan for 12 days is 517.08% on a rate of $17.00 per $100.00 borrowed. To learn more about your rights as a cash advance loan borrower, contact the Consumer Protection Office at 945-3800, 1-800-782-0067 or at www.manitoba.ca/cca/cpo.] [Nova Scotia residents: The total cost of borrowing $100.00 for 14 days is $19.00. Payday Loans are High Cost Loans.] [Ontario residents: The cost of borrowing at Money Mart is $15.00 per $100.00 for each $100.00 advanced. On a $300.00 loan for 14 days, the cost of borrowing is $45.00, with a total payback amount of $345.00. The maximum allowable cost of borrowing under payday loan agreements is $15.00 for each $100.00 advanced.] [Prince Edward Island residents: The cost of borrowing at Money Mart is $22.00 per $100.00 per each $100.00 advanced. On a $300.00 loan for 14 days, the cost of borrowing is $66.00, with a total payback amount of $366.00. The maximum allowable cost of borrowing under cash advance loan agreements is $25.00 per each $100.00 advanced.] [Saskatchewan residents: The APR on a $300.00 loan for 14 days is 443.21% on a rate of $17.00 per $100.00 borrowed.]

Installment loans offered in select provinces. Loan principal amounts vary between $1,000 and $15,000 based upon income and other qualification requirements, including a credit check. Loans above $5,000 available when refinancing an existing loan or with in store funding only. The actual rate ranges from 29.90% to 46.90% depending upon credit score, credit usage and history. Installment Loan repayment terms range from 12 to 60 months based on amount borrowed. For example, a $4,500 loan paid in 36 monthly installments is $234.98 per month based on a 46.9% APR.

Money Mart® is a registered service mark of National Money Mart Company. © 2019 National Money Mart Company. All rights reserved.