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 (Regularly scheduled payments are automatically withdrawn from the bank account specified and cannot be made in store)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