Money Mart logoMoney Mart Review 2026

QUALITY LENDER ENDURING EXCELLENCE FAST FUNDING What these mean ›
★★★★★ 4.3 · 18 borrower reviews
Money Mart is a Canadian lender offering instalment loans and payday loans from $120 to $25,000. Funding in as little as 24 hours.

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Rates checked August 24, 2026

Our verdict

Written and analysed by Smarter Loans Editorial Team · Reviewed by Rafael Rositsan

Best for
Borrowers who want one provider for both a short-term advance and a larger instalment loan
Not for
Borrowers whose priority is the lowest rate available
What we like
  • + Lends to $25,000, the second-highest unsecured ceiling in the pool
  • + Terms to 84 months across the instalment product
  • + Branch network alongside online application
Where it could improve
  • − 34.56% to 34.95% APR sits at the top of the category, just under the federal cap
  • − Serves 9 provinces, with no territorial coverage

Products offered

Each product is priced separately. Compare them below.

Personal Loan
Unsecured · ON, BC, AB + 6 more
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Amount
$500 - $25,000
Rate (APR)
34.56 - 34.95% APR
Terms
6 - 84 months
Funding
48 hours
Min income
$1,500/mo
Cash Advance (Payday Loan)
Short-term · AB, BC, MB + 3 more
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Amount
$120 - $1,500
Rate
$14 per $100 borrowed
Funding
24 hours
Min income
$1,500/mo

See if you qualify

Four questions checked against Money Mart's published criteria, per product. No application started.

Answer the questions to check Money Mart's published criteria
Educational check against published criteria. Not an approval or offer.

Awards earned by Money Mart

Issued by our editorial team from platform data and verified reviews. Lenders cannot buy them.

QUALITY LENDER badge Quality Lender

Vetted lenders that are listed on Smarter Loans

ENDURING EXCELLENCE badge Enduring Excellence

Listed on Smarter Loans for 7 or more years

FAST FUNDING badge Fast Funding

API integration or deep tech stack with Smarter Loans

Badges are issued by our editorial team from platform data and verified reviews. They are never sold, and featured placement has no bearing on them. Read the badge criteria ›

Borrower reviews

18 reviews from borrowers who used Money Mart. Reviews are moderated; lenders cannot remove them.

★★★★★ Process is simple and easy

Money Mart provided me with a great experience. The process was efficient and I got the money fast. Customer service was good and the terms were very reasonable.

Emil R.
★★★★★ Great products

MoneyMart stores have a lot of great financial services in one place. Very convenient

Kelly
★★★★★ Easy approval

Applied for a loan online and got $2,000 the same day. Great service

James
★★★★★ Great Customer Service at Pickering Money Mart

I am writing to let everyone know the wonderful experience I had at Pickering, with professionalism and courteous care provided by Melanie and Sheree along with the other staff, I would encourage all to use the wonderful range of products available. Thanks again for being there during the pandemic. (via Trustpilot)

David
★★★★★ Regular client

Excellent service, Irma and Maricha. Im a regular cheque cashing client. Store 0419 EDMONTON ALBERTA

Justine
★★★★★ Incredible

My review is for the Yonge and Eglinton location in Toronto. I have been doing business with this location for about 2 years now, and can honestly say I have never had a bad experience. There are 3 ladies there who are helpful, caring and incredible at their job.

Jennifer
★☆☆☆☆ My biggest mistake-borrowing fro money mart

I was eligible to borrow 12.000$, which was great and got me out of a hole with other debts. Biggest mistake I ever made, my downfall is now I owe double what I borrowed due to their 46% interest rate. In my opinion, Money mart is not about helping people but rather about profit and greed. I learned a big and costly lesson here and once I pay this 26.000$ debt, I will never borrow from them again. All my other bills are paid but now I owe more than what I did in the first place. Very stupid decision of my part.

Joanne
★★★★★ Came through

I got denied at a few places but at the end MoneyMart came through and got me approved for 3K.

Marie Ann
★★★★★ Fast, Friendly, and Fantastic

Fantastic experience! The staff at the branch were courteous and fast.

Jerome H.
★★★★☆ Clear, Convenient, and Easy

Very convenient and they explained the terms clearly before I signed anything.

Hannah F.

Showing 10 of 18 reviews.

Learn about Money Mart

GUIDE
Money Mart Review Read the guide ›

Full long-form analysis of this lender lives in the guides above.

Common questions about Money Mart

What is Money Mart?

Money Mart is a leading provider of financial services in North America with over 500 physical locations in Canada. For 40 years they've been committed to providing financial solutions that meet the evolving needs of consumers and business owners.

What Does Money Mart Do?

Money Mart Loans are a financial service organisation in North America - they provide loans and cash advance services

Is Money Mart Safe?

Money Mart serves over 2 million hard working North Americans annually with diverse and innovative financial products such as loans, check cashing, money transfer and prepaid cards.

They are a regulated company that embraces the rules as a means of better serving their customers. Everything they do starts with a foundation of fairness and adherence to all applicable laws, regulations, and their own guiding principles.

Money Mart believes in giving back to the communities where they live and work. With the generous support of their customers and staff, they proudly contribute approximately $500,000 annually to charities and non-profit organizations.

What Products and Services Does Money Mart Offer?

Money Mart offers unsecured short, medium, and long-term consumer loans, cheque cashing, Western Union® money transfers, reloadable Mastercard® prepaid debit cards, and other ancillary products.

How Much Can I Borrow from Money Mart?

Money Mart’s loans range from $120 to $15,000 depending on the type of loan and province availability. Money Mart interest rate percentages can change regularly so it is good to check the live interest rates when applying.

How does a Money Mart Installment Loan Work?

Borrow up to $15,000. Based on your loan amount and pay cycle, repay your loan in installments over a period of 12 to 60 months. Each payment will be automatically deducted from your bank account, so you’ll never have to worry about missing a payment.

Money Mart · $120 - $25,000 · 2 products · funding in 24 hours Apply Now