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Lending laws are federally regulated, so it doesn’t matter where you obtain your loan. But, certain types of loans are regulated at the provincial lev...
Founded in Edmonton, Alberta in 1982, Money Mart is a lending institution that specializes in different types of credit products and financial services, such as:
Today, Money Mart has more than 500 service locations and employs over 2,000 Canadians across the country. They also have a website where you can apply for financing and get approved in as little as two hours. So, if you’re looking to acquire some quick cash to pay for something that’s important to you, Money Mart is a full-service provider with more than 30 years of experience in the financial industry.
Money Mart currently offers two primary financial products:
Ranging from $1,000 to $15,000, a Money Mart installment loan can be funded the same day you apply. They can have repayment terms of 12 – 60 months and a variety of payment frequencies (weekly, bi-weekly, monthly, semi-monthly). Payments will be automatically debited from your bank account. Typically, this option is available in-store or online.
Ranging from $120 – $1,500, a Money Mart cash advance (also known as a payday loan) can be acquired via direct deposit within a few hours of applying. Once the money is in your bank account, you’ll have up to 2 months to repay it (plus fees and interest) in a single lump sum. Normally, these loans are only available in-store (although exceptions may be possible during unexpected situations like COVID-19).
While installment loans and cash advances/payday loans are their main products, Money Money also offers the following loan options and financial services:
In partnership with Thinking Capital, Money Mart also offers small business loans that you can use to finance all kinds of short-term costs. Choose a repayment plan that works for you and get a no-obligation quote within 24 hours. If you qualify, you should receive your loan money within 3 – 5 days.
This in-store service can help you cash different kinds of cheques right away, instead of having to wait several days, like you would with a bank or credit union. The types of cheques Money Mart can help you cash include but aren’t limited to government, insurance, personal, and post-dated.
Unlike a normal credit card, the Titanium+ Mastercard allows you to add funds from your bank account directly onto your card. This way, you can shop in-store, online or over the phone and get all the advantages of a credit card without the usual interest charges and credit hassles.
Money Mart is connected to more than 500,000 Western Union service locations in over 200 territories and countries across the globe. This way, you can transfer and receive money internationally or domestically without the need for a membership, credit card or bank account.
Use Money Mart to exchange 26 different currencies, such as USD, EUR, and AUD. Rates are competitive and when you purchase Euros or US Dollars, you will receive Money Mart’s Buy Back Guarantee for only $4.99 (you’ll get the same rate when selling back your unused funds).
You can also use Money Mart’s TelPay e-payment service to pay your bills from more than 2,400 different companies. Safe and secure, no need for cheques, stamps or envelopes, all you have to do is pay a standard fee of $1.99 per bill payment and Money Mart will handle the rest of the transaction.
There are plenty of benefits to using Money Mart, including but not limited to:
As helpful as Money Mart can be, it’s also important to consider their drawbacks:
Qualifying for a loan normally requires different levels of personal and financial aptitude. Thankfully, Money Mart has a simple application process that can be quickly done online or in-person with minimal requirements. Here’s what you’ll need:
To complete the application and approval process, you may also have to submit various personal and financial documents, such as:
Money Mart may be the perfect source of financing for you. Before you apply, be sure to speak with one of their customer service representatives and research to confirm that their products are right for you.
Loan Range | Rate & Terms | Product Details | Eligibility | Requirements & Documents | |
---|---|---|---|---|---|
Installment Loan | $1,000 - $15,000 |
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| 19 years of age or older Active chequing account Steady income |
I attend the money mart on Wyandotte and Pillette often to cash checks and other business. It is always fast, clean and great customer service. I usua... read more
The store on Wyandotte and Pillette has amazing staff. I highly recommend going here for all your needs.
Money mart on Fallowfield Rd (Barrhaven): the service is excellent, Staff (Eze) is polite and friendly.
This is a trusted service provider in Canada.
I got a loan with them recently. The fees are ridiculous.
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Lending laws are federally regulated, so it doesn’t matter where you obtain your loan. But, certain types of loans are regulated at the provincial lev...
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