Installment Loans in Canada

Fast access to money — on your terms

When you need a large amount of money quickly, apply for an Installment Loan online or in store. Get approved in minutes for up to $15,000. Perfect for car or auto repairs, unexpected emergencies or debt consolidation. For added peace of mind, add the Loan Protection Plan* for just pennies a day.
Online Apply
Easy Online Application
Apply for an Installment Loan online in under 10 minutes. Your information is secure.
No Fee
No Hidden Fees
See exactly how much you’ll pay — no additional charges.
Refound
Flexible Repayment Options
Choose 6- to 60-month term, repay any time penalty-free.
Protect
Loan Protection Plan*
Get peace of mind in case of job loss or illness.

Breathe easier, knowing you’re protected

Choose to enroll in the optional Loan Protection Plan* when you apply for an Installment Loan.

It could provide:

Monthly benefits
Payments made for up to 6 months in the event of Injury, Sickness, Involuntary Unemployment. Payments made for up to 3 months in the event of Unpaid family leave or lifetime milestone.
Balance Paid Off
Up to the Outstanding amount remaining on your Installment Loan in the event of Death or Critical Illness.
It could really help
Enjoy peace of mind, knowing you and your family are protected in the event of a serious disruption to your income.
*The optional Loan Protection Plan is a Credit Group Insurance Plan underwritten by Canadian Premier Life Insurance Company and Canadian Premier General Insurance Company.
You're eligible if, you’re a resident of Canada, you agree to the terms and conditions of the loan agreement, and you’re under the age of 70.

Get your loan money in minutes

Once you’re approved for your Installment Loan and sign the documents, you can get your money in just a few minutes. Choose from:
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Instant Funding: 15 minutes
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Interac e-Transfer®: in as soon as 24 hours, excluding weekends
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Direct Deposit: 1-2 business days

Who can apply for an Installment Loan?

You can apply for an Installment Loan online or in store if you:
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Are 19 years of age with valid ID
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Have a chequing account
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Have a steady source of verifiable income
APPLY NOW Apply for an Installment Loan online

How much money do you need today?

Specify between $500 to $15,000
$500
$15,000
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Installment Loan FAQs

Choose a topic

Money Mart offers Installment Loans online, in store, or on our mobile app.

There’s no penalty for paying off your loan early.

You can apply for an Installment Loan from Money Mart online, in store, or on our mobile app.

You can use your Installment Loan for anything you need, including auto repairs, unexpected emergencies, debt consolidation, and more.

Borrow $500 to $15,000. Repay your loan in weekly, bi-weekly, monthly or bi-monthly installments (based on your payday schedule) over a period of 12 to 60 months, depending on the loan amount. Each payment can be automatically deducted from your bank account, so you never have to worry about missing a payment. Apply here.

An Installment Loan is a personal loan you pay back over time with a set number of scheduled payments. Most auto loans, student loans, and mortgages are Installment Loans. Apply here

There’s no limit, but you must pay off your previous Installment Loan before getting a new one.

Getting approved for an Installment Loan may require a hard credit inquiry, which can temporarily lower your credit score by a few points. After that, an Installment Loan can help improve your score if you make on-time payments while late or missed payments could hurt your score.

To apply for an Installment Loan from Money Mart, you need to be at least 19 years old with a valid ID, have a chequing account, and have a steady source of verifiable income.

We consider a wide range of criteria when you apply for an Installment Loan, including your credit report, the accuracy of your application, and we may review your payment history on similar products.

You can easily apply for an Installment Loan online, in store, or on our mobile app.

To qualify for an Installment Loan from Money Mart, you must be at least 19 years old with a valid ID, have a chequing account, and have a steady source of verifiable income. You may be asked to provide other documents when you apply.

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