Money Mart

Avg. Rating: 4.5 (8 reviews)

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.

Money Mart offers a variety of financial services such as consumer loans (Installment Loans and Cash Advance), cheque cashing, money transfers, prepaid credit cards and much more.

  • TIME IN BUSINESS: Since 1982
  • # OF CUSTOMERS: Over 1 Million
  • LOANS OFFERED: Personal Loans, Installment Loans, Cash Advance, Business Loans
Visit Site and Apply


Call Center: Available 24 hours a day
Support Offered:
  • Live Web Chat
  • Email Support
  • Phone Support
  • Customer Portal
  • Mobile App
  • FAQ's
  • Find A Store
Availability: All of Canada except Quebec and Nunavut

Products Offered

Below are all the products offered by this company.

Conditions & Rates

Interest rate 29.90 – 46.90% Amount $1,000 – $15,000 Term 12 – 60 months

Eligibilty & Documents

Who is eligible

  • Be at least 19 years of age
  • Have a bank account
  • A steady source of income

What you need to provide

  • Proof of income
  • Personal government identification

Repayment & Issuance

How fast can you get the money 1-2 days Funding method Direct deposit How does repayment work Regular automatic bank payments

Conditions & Rates

Interest rate Varies by province Amount $120-$1,500 Term 1-62 days

Eligibilty & Documents

Who is eligible

  • Be at least 18 years old with a valid ID
  • A chequing account
  • A steady source of income

What you need to provide

  • Proof of income
  • Personal government identification

Repayment & Issuance

How fast can you get the money 1-2 days Funding method Direct deposit How does repayment work Regular automatic bank payments

What is Money Mart?

Money Mart is a distinguished provider of financial solutions in North America, with a rich legacy spanning over 40 years. This industry-leading entity is dedicated to supplying financial solutions that are designed to cater to the changing needs of both consumers and business owners.


Money Mart is renowned for offering a variety of Money Mart loans, including installment loans and cash advances, which are designed to provide quick cash for those in need. With these Money Mart loan choices, even those with a low credit score have a chance of being able to borrow the money they need in a matter of hours, thanks to their flexible eligibility criteria. Moreover, in provinces such as British Columbia, Nova Scotia, Prince Edward Island, and New Brunswick, these services are easily accessible to a wide range of individuals.


In addition to these services, Money Mart also provides cheque cashing and business loans. These financial services are geared toward assisting small business owners to manage their financial affairs efficiently and to fuel their businesses’ growth.


Money Mart installment loans stand out as an exemplary product in the company’s portfolio. These Money Mart loans, with their straightforward loan agreement, offer a viable solution to those who need a substantial amount of money over a longer pay period.


One of the significant advantages of choosing Money Mart is the convenience it provides. Whether you want to secure a payday loan or seek a small business loan, Money Mart allows you to complete the Money Mart loan online process from the comfort of your own home. Simultaneously, the physical branches in over 500 locations across Canada, except Quebec and Nunavut, offer in-person assistance.


The company’s online portal, ‘Money Mart Online’, offers customers 24/7 access to their services. The swift e-transfer service allows approved loans to be disbursed within hours, making Money Mart a reliable option for those seeking immediate financial aid.


It’s noteworthy that the services offered by Money Mart extend beyond just Money Mart loan provision. Money Mart also assists its customers in managing their debts and improving their financial health.


The interest rate at Money Mart is competitive, varying based on the type of Money Mart loan and other factors. This transparency and fairness in pricing further cement Money Mart’s position as a reliable lender in the Northwest Territories and across Canada.


Money Mart is a trusted name in the financial service industry, offering an array of products designed to meet various financial needs of consumers and businesses alike. With its flexible loan offerings, seamless application process, and commitment to customer convenience, Money Mart continues to be a preferred choice for many.


What Services does Money Mart Provide?

Money Mart, a prominent name in North America’s financial services sector, offers a wide variety of solutions to help customers effectively manage their financial obligations. With a diverse service offering spanning payday loans, cheque cashing, and cash transfers, Money Mart focuses on delivering the necessary funds promptly when their customers need them the most.


A key component of Money Mart’s portfolio is its loan services. The company presents an array of loan types, (such as payday loans) tailored to cater to its customers’ distinct financial needs. Whether it’s funds required to settle a utility bill, pay off other debts, or a simple need to borrow for an immediate necessity, Money Mart stands ready to help.


Money Mart’s loan provisions include installment loans, a payday loan, and cash advances. These Money Mart loan variants are structured with flexible pay schedules, typically set on a bi-weekly basis to align with your income pattern. This flexibility facilitates a steady income source for borrowers, enabling them to repay their Money Mart loans with ease. Also, Money Mart ensures quick Money Mart loan disbursement, usually within one business day, providing swift access to required funds.


Besides regular options, Money Mart extends services such as payday loans, cheque cashing and money transfers, ensuring customers can access their money swiftly without necessitating a bank account.


The company also offers dedicated loaning options designed to propel small businesses towards growth and stability. These loan solutions equip entrepreneurs with the necessary financial backing to prosper in their business endeavors.


In terms of the interest rate, Money Mart demonstrates transparency and competitiveness. While high-interest rates are a norm among other lenders, especially for short-term borrowings, Money Mart prioritizes offering customers reasonable rates.


Moreover, Money Mart’s physical presence is substantial with over 500 branches spread across North America, excluding Quebec and Nunavut. These physical branches extend their services to provinces like Nova Scotia, New Brunswick, Prince Edward Island, and British Columbia, enabling in-person services for customers.


To sum up, Money Mart provides an all-encompassing range of financial options tailored to address the unique requirements of individuals and businesses. Their unwavering dedication to customer satisfaction and a broad array of services offered contribute to Money Mart’s status as a reliable choice for many Canadians.



The Benefits of Using Money Mart

Money Mart, with its extensive range of financial options, (such as an installment loan or payday loans) offers several benefits to its customers. Its convenient loan options, competitive interest rates, and accessible in store and online services make it a dependable choice for individuals with varied financial needs.

Flexible Loan Options

Money Mart provide a variety of loans, including installment loans, a payday loan, and cash advances. This assortment of loan types allows customers to choose the option that best suits their financial circumstances. Whether you need a small cash advance for an unexpected expense or a larger installment loan for a significant purchase, Money Mart has you covered.

Accommodating Borrowers with Low Credit Scores

Another significant advantage of Money Mart is its approach to credit checks. While some lenders may not approve loans for individuals with bad credit, Money Mart evaluates each application on its own merits, often accommodating borrowers with a low credit score. This flexibility can be a lifesaver for those in need of financial help but struggling with poor credit.

Competitive Interest Rates

Money Mart strives to offer competitive interest rates, especially compared to other payday loan providers. This commitment to reasonable pricing helps to make the cost of borrowing more manageable for many customers.

Multiple Repayment Options

The company’s flexible repayment options allow customers to pay their loans in a way that aligns with their income cycle. This flexibility ensures that customers can meet their loan commitments without unnecessary financial stress.

Additional Financial Services

Beyond loans, Money Mart also provides additional financial solutions like Western Union money transfers and cashing cheques. These services can be especially beneficial for those who do not have a bank account but need quick access to cash.

Access to In-Store and Online Services

Whether you prefer managing your finances in-store or online, Money Mart has options for you. With over 500 physical branches and robust online services, customers can choose how they interact with Money Mart. The company’s online platform is user-friendly, and customers can apply for loans, make payments, and manage their accounts at any time, from anywhere.

Positive Customer Reviews

Customer satisfaction is a priority at Money Mart, a fact reflected in many positive Money Mart reviews. These reviews often highlight the company’s excellent customer service, easy application process, and quick loan approval and disbursement.

The benefits of Money Mart loans are numerous, from their accommodating credit checks to their various financial solutions and positive customer reviews. These advantages, coupled with their commitment to transparency and customer satisfaction, make Money Mart a compelling choice for those in need of financial solutions.


For those seeking financial options from Money Mart, whether it’s a payday loan, cash advance, installment loan, unsecured loans, or any of their diverse offerings, certain eligibility requirements and documentation are necessary. These qualifications and documents help ensure the application process is smooth and straightforward.

Eligibility Criteria

  • Age and Residency: Applicants must be at least 19 years old (18 in some provinces) and reside in a province where Money Mart operates, such as British Columbia.
  • Steady Source of Income: To qualify for an installment loan with money mart, payday loan, or cash advance, individuals must have a steady source of income. This is to ensure the capability to repay the loan amount on the agreed terms, usually on a bi-weekly basis.
  • Chequing Account: A chequing account is necessary for both loan disbursement via direct deposit and for repayment. This is also where the installment loan repayments are drawn from.
  • Credit Score: While having a high credit score can improve your chances of approval, Money Mart also considers applicants with bad or low credit scores. The company has flexible eligibility criteria and looks at more than just your credit score during the loan approval process.

Required Documents

  • Proof of Income: Applicants must provide proof of their steady income. This can be in the form of recent pay stubs or financial statements showing regular income deposits.
  • Bank Statements: Statements from your bank or credit union from the last few months are often required to assess your financial standing and repayment ability.
  • Government Identification: A valid ID, like a driver’s license or passport, is necessary to confirm your identity and age.
  • Void Cheque or Pre-Authorized Debit Form: This is necessary for setting up automatic withdrawals for installment loan repayments.

Application Process

The application process for Money Mart payday loans, installment loan, or a cash advance is quite straightforward. Applications can be made online for a fast and convenient experience. However, in-store applications are also available for customers who prefer a more traditional approach or need immediate cash.

Once the installment loan agreement is signed, funds are usually transferred via Interac e Transfer, which can take a few hours, or by direct deposit to the borrower’s bank, which can take 1-2 business days.

Money Mart has a wide variety of financial products to choose from, all designed with the customer’s needs in mind. The company values transparency, flexible repayment schedules, and most importantly, no prepayment penalties, allowing customers to repay the loan early without incurring additional costs. Whether you need a quick cash advance or a more substantial loan amount, Money Mart’s services, backed by favorable Money Mart reviews, make it a reliable option for your financial needs.

Repayment and Issuance

Understanding the repayment and issuance processes of Money Mart’s financial offerings are key to managing loans and advances effectively. Here, we’ll explore how Money Mart ensures the efficient disbursement of funds and the various repayment options available to borrowers.

Issuance of Loans and Advances

  • Online and In-store Applications: Money Mart provides a streamlined loan application process. You can apply for a loan online or in one of their numerous physical branches. The availability of these options makes access to financial solutions from Money Mart convenient and efficient.
  • E-Transfer and Direct Deposit: Upon loan approval, Money Mart provides two primary methods of loan disbursement. The e-Transfer method is typically faster, usually taking just a few hours, whereas direct deposit into your bank can take between 1-2 business days.
  • Loan Amounts: Depending on the type of loan (be it payday loan, Money Mart installment loan, or small business loans), they offer varying loan amounts to fit your specific financial needs.


  • Repayment Options: To ensure a smooth repayment process, Money Mart allows for automatic withdrawals from your bank, typically on a bi-weekly basis. This option is convenient for those who prefer to set and forget their payments.
  • Flexible Repayment: Money Mart provides the option to repay your loan early without incurring prepayment penalties, making it easier for borrowers to manage their debts. The exact terms of repayment, including the interest rate, will be outlined in the loan agreement.
  • Bad Credit Consideration: Money Mart is known for its inclusive approach when it comes to lending. Even with bad credit, borrowers have the opportunity to access the financial solutions they need, with repayment structures tailored to their specific situation.

Money Mart is not just a lender but a comprehensive financial solutions provider. From cash advances to a payday loan, installment loans, and small business loans,

Money Mart’s wide range of products is designed to cater to various financial needs. Their efficient issuance of funds via e-Transfer or direct deposit, along with flexible repayment options, makes them an appealing choice for borrowers from different walks of life. Their high ratings and positive Money Mart reviews further cement their reputation as a reliable and trusted lender in the financial market.

Articles About Money Mart

By Smarter Loans Staff

The Smarter Loans Staff is made up of writers, researchers, journalists, business leaders and industry experts who carefully research, analyze and produce Canada's highest quality content when it comes to money matters, on behalf of Smarter Loans. While we cannot possibly name every person involved in the process, we collectively credit them as Smarter Loans Writing Staff. Our work has been featured in the Toronto Star, National Post and many other publications. Today, Smarter Loans is recognized in Canada as the go-to destination for financial education, and was named the "GPS of Fintech Lending" by the Toronto Star in 2019.

Frequently Asked 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.

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.

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.

What do I need to apply for a loan with Money Mart?

To apply for a loan with Money Mart you need to: Be at least 19 years old with a valid ID. Have a chequing account. Have a steady source of income. Note: You may be required to provide additional documentation

How long does it take to get approved and receive funds from Money Mart?

Funding of the loan is contingent upon confirmation of your application information and signature on all loan agreements. Money Mart offers the following three ways to receive your funds: 1). Interac e-Transfer®: receive email to accept fund transfer within 2 hours 2). Direct Deposit: deposited to your bank account within 1-2 business days 3). In-store: same-day cash or Interac e-Transfer

Can you get a loan from Money Mart if you have poor credit?

Your credit report is not the only criteria Money Mart will consider. They use assessment tools that verify the accuracy of information on your application and they may review payment history on similar products.

How do I check my loan application status with Money Mart?

When you submit your application, you will set up a username and password for your online account. You can login to your account to track your loan status, perform basic account maintenance, review your loan details, or even make additional payments.

Can I pay off the entire Money Mart loan and if so, is there a penalty?

You can pay off your loan at any time with no penalties.

Where does Money Mart offer Installment Loans?

Money Mart offers loan products across Canada except in QC, NT, YT and NU.

Money Mart Reviews

Avg. Rating: 4.5 (8 reviews)
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

Easy approval

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

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)

Regular client

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


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.

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.

Came through

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

Marie Ann

Compare Money Mart with another Company:

Write a Review