Payday Loans in Canada
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Payday Loans
When unexpected expenses arise and you need money fast, a payday loan can be a helpful option. At Money Mart, we offer payday loans with competitive rates and flexible repayment options to suit your budget. Here's what you need to know about these loans .
What is a Payday Loan?
A payday loan is a short-term, high-interest loan designed to provide cash quickly. It is typically for small amounts and is due on your next payday. Payday loans are often used to cover unexpected expenses or emergencies, such as car repairs or utility bills.
What can a payday loan cover?
A payday loan can cover a variety of expenses, from unexpected bills to medical emergencies. However, it is important to keep in mind that payday loans are intended to be short-term solutions and should not be used as a long-term financial strategy.
Who is eligible for a payday loan?
Many people can qualify for a payday loan. However, there are a few eligibility requirements. To apply for a payday loan with Money Mart, you must be at least 18 years old, have a bank account, and be employed or have a steady source of income.
How can I apply for a payday loan?
Will applying for a payday loan affect my credit?
No, applying for a payday loan with Money Mart does not impact your credit. Your credit is only affected if you do not repay the loan properly.
Where can I apply for a payday loan?
You can apply for a payday loan online or in person at any of Money Mart’s locations - Find a Store.
Payday Loan Payment Calculator
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Payday Loan Resources
We understand that taking out a payday loan can be a big decision. That's why we offer additional resources and support to help you make the best decision for your financial situation. Visit our website or speak to one of our representatives to learn more.