CashMoney Reviews, Ratings And Fees 2020

Based on 5
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/

Presentation

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.

	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