In this quick review, we’re highlighting MoneyUp, a modern Canadian lender that’s making short-term borrowing faster, simpler, and more transparent for everyday Canadians.
Who is MoneyUp?
Launched in 2023, MoneyUp is one of Canada’s newer financial technology companies, already helping thousands of Canadians gain access to credit when they need it most. The company focuses on providing responsible, short-term borrowing options designed for flexibility and speed.
What Does MoneyUp Offer?
MoneyUp’s flagship product is called FastForward, a personal line of credit that allows borrowers to access up to $1,000 for 30 days. Instead of complicated interest rates or hidden fees, MoneyUp keeps things simple: a 2.5% usage fee, which equals an annual percentage rate (APR) of 30.4%.
Borrowers can apply online in just a few minutes, receive instant approvals, and get their funds the same day through direct deposit or Interac e-Transfer. Best of all, no credit check is required – making it a great option for those with limited or less-than-perfect credit histories.
Eligibility Requirements
To qualify for MoneyUp’s FastForward line of credit, you must:
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Be the age of majority in your province or territory
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Live in Canada (excluding Quebec and Saskatchewan)
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Have a steady income or government benefits for at least 30 days
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Hold a linked Canadian bank account
Applications are completely digital, making it easy to apply anytime from your phone, tablet, or computer.
Why Canadians Choose MoneyUp
MoneyUp appeals to borrowers who value speed, simplicity, and transparency. With no credit check, flat-fee pricing, and same-day funding, it’s a strong alternative to payday loans or traditional credit lines. The platform’s digital process eliminates paperwork and long approval waits, giving Canadians access to funds when they need them most.
Our Verdict
MoneyUp is a reliable short-term credit solution for Canadians looking for a quick financial boost without jumping through hoops. The FastForward product offers straightforward pricing, instant decisions, and fast funding, which makes it ideal for emergency expenses, short-term cash flow needs, or unexpected bills.
At Smarter Loans, we always recommend comparing multiple options before you borrow — but for borrowers who need funds quickly and prefer a fully digital experience, MoneyUp stands out as one of the best new short-term lenders in Canada.
View MoneyUp’s profile on Smarter Loans
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