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.