CashMoney Reviews, Ratings And Fees September 2021

Based on 6
Customer Reviews
ADDRESS
400 Carlingview Drive
Toronto, Ontario
M9W 5X9
BUSINESS HOURS
  • Monday to Friday 9 am - 11 pm (EST)
  • Saturday to Sunday 9 am - 5 pm (EST)
WEBSITE
https://www.cashmoney.ca/
PROVIDER DETAILS

Who Is CashMoney

CashMoney offers payday loans, personal loans, and line of credit loans from $50 to $10,000. For more than two decades CashMoney has been providing Canadians with fast access to short term financing options. You’ll benefit from an easy application, more flexibility than banks, quick approval, and friendly customer service.

CashMoney FAQs

Should I take a payday loan or an installment loan? 

A payday loan offers small loan amounts that must be paid back by your next payday. A payday loan should only be used as a last resort as they are incredibly short-term and have very high rates. Installment loans are a much better option as it provides longer terms and lower interests rates, making payments more affordable. 

Can I refinance my loan? 

Yes, you may be eligible to refinance your loan if: 
  • Your account is in good standing
  • Your available credit is greater than your minimum payment
When you refinance a loan, you are simply rolling over your current loan into the new loan which typically has different rates and terms.

How will I receive my funds? 

If you apply at a local CashMoney location, you will receive your money in store if approved. If you apply online or by phone, you may opt to receive your money through any of the following: 
  • In-store
  • Direct deposit
  • E-transfer
  • Opt+

What is a line of credit good for? 

A line of credit is great for emergencies as it provides you access to a large sum of money that you can draw from when you need it. Moreover, interest is only applied on the amount used and not the amount of credit you have access to.  

Services

Offered Services

scroll table
Loan Range
Rate & Terms
Product Details
Eligibility
Requirements & Documents

Payday Loan

$50 – $1,500
Interest Rate
-
Term (Months)
Up to 62 days
Funding Time
Within 24 hours
Funding Method
  • Instore pickup
  • Interac e-Transfer
Repayment Options
Automatic debit
  • Canadian resident over 18
  • Minimum income $1,000
  • Active bank account
  • Steady income
  • Phone number
  • Proof of income
  • Valid Government-issued ID
  • Bank account information

Line of Credit

Up to $10,000
Interest Rate
-
Term (Months)
6 - 60
Funding Time
Within 24 hours
Funding Method
Direct deposit
Repayment Options
Automatic debit
  • Canadian resident
  • At least 18 years old
  • Steady income
  • Valid chequing account
  • Proof of income
  • Valid Government-issued ID
Reviews

Reviews & Ratings

Is CashMoney legit or a scam? See what others have to say.

Waste of time. Spent 2 days on the phone with them, submitted all my documents, then they told me I had to goto a store to complete my application. St... read more

- Crystal (April 12, 2021)

I called customer service and explained I’ve had a really rough time with C-19, it’s December, and if the payments didn’t go through... read more

- brittany (December 7, 2020)

Scam they charge you 60 a month in fees for a line of credit and super-high interest rates. DO NOT GET THIS LINE OF CREDIT it is a total scam.

- Josh S (September 28, 2020)

Good place

- Wands (August 20, 2020)

They were really nice and helpful and it was a good experience at the store I would strongly recommend using them if you need a loan.

- Janice Williams (January 30, 2020)

It was just a payday loan which is what I wanted nothing special

- Sean B. (December 17, 2018)

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