To qualify for a cash advance (payday loan), minimum net pay requirements will apply and may vary by province. Other conditions may also apply. Ask a Money Mart® Customer Service Representative for details. Online loans originated only to residents of Alberta, British Columbia, Nova Scotia, Ontario, and Saskatchewan. Manitoba residents can start the loan application online, but must visit a Money Mart store in Manitoba to complete the application, receive a credit decision and cash, if approved.
[Alberta residents: The APR on a $300 loan for 42 days is 201.84% for a weekly paid borrower on a rate of $15.00 per $100 borrowed.] [British Columbia residents: The APR on a $300.00 loan for 14 days in BC is 391.07% at the rate of $15.00 per $100.00 borrowed. Money Mart branch BC Cash Advance Licence #49839. Online BC Cash Advance Licence #62477.] [Manitoba residents: The APR on a $300.00 loan for 12 days is 517.08% on a rate of $17.00 per $100.00 borrowed. To learn more about your rights as a cash advance loan borrower, contact the Consumer Protection Office at 945-3800, 1-800-782-0067 or at www.manitoba.ca/cca/cpo.] [Nova Scotia residents: The total cost of borrowing $100.00 for 14 days is $19.00. Payday Loans are High Cost Loans.] [Ontario residents: The cost of borrowing at Money Mart is $15.00 per $100.00 for each $100.00 advanced. On a $300.00 loan for 14 days, the cost of borrowing is $45.00, with a total payback amount of $345.00. The maximum allowable cost of borrowing under payday loan agreements is $15.00 for each $100.00 advanced.] [Prince Edward Island residents: The cost of borrowing at Money Mart is $22.00 per $100.00 per each $100.00 advanced. On a $300.00 loan for 14 days, the cost of borrowing is $66.00, with a total payback amount of $366.00. The maximum allowable cost of borrowing under cash advance loan agreements is $25.00 per each $100.00 advanced.] [Saskatchewan residents: The APR on a $300.00 loan for 14 days is 443.21% on a rate of $17.00 per $100.00 borrowed.]
Installment loans offered in select provinces. Loan principal amounts vary between $1,000 and $15,000 based upon income and other qualification requirements, including a credit check. The actual rate ranges from 19.90% to 46.90% depending upon credit score, credit usage and history. Installment Loan repayment terms range from 12 to 60 months based on amount borrowed.