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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

1-800-361-1407

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

Articles About Money Mart

Money Mart Review
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)
WRITE A REVIEW
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

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