Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

4 loans like Money Mart

Find payday and installment loans with similar features to loans from this popular lender.

If you’re looking for a payday loan or installment loan, Money Mart has got you covered. But because it’s important to comparison shop before deciding on a lender, here’s a look at loan alternatives that are similar to Money Mart but may better suit your needs.

⚠️ Warning: Be cautious with payday loans
Payday loans are expensive. If you're experiencing financial hardship call Credit Counselling Canada for free financial counselling (Monday-Friday 8:00am-5:00pm at +1 866-398-5999). Consider alternatives instead of a payday loan:
  • Local resources. Government programs and nonprofits offer free financial services and help with food, utilities and rent.
  • Debt relief companies. There are services to help you reduce your debt payments.
  • Payment extensions. Talk with bill providers about longer payment plans or due-date extensions.
  • Side jobs. Sell unwanted items online, sign up for food delivery and more.

Our top 4 loans like Money Mart

If you’re looking for flexible income requirements: Cash Money
If you’re looking for 24/7 funding: iCASH
If you’re looking for a payday loan with bad credit: GoDay
If you’re looking for an installment loan: Loans Canada

If you’re looking for flexible income requirements: Cash Money

Cash Money Payday Loan

$100 – $1,500
Loan amount
5 – 40 days
Loan Term
15 minutes
Min. Turnaround Time
Cash Money accepts many recurring sources of income, including EI, pension, disability, Canadian child benefit, social assistance and more, so you don't necessarily need to be employed to get approved. You'll just need to provide proof of income.
  • Apply online, in-store or over the phone
  • Get an instant decision
  • Receive your money within 15 minutes via Interac e-Transfer.
  • Extremely high interest rates
  • Very short repayment terms, typically by your next payday
  • Not available in all of Canada
  • Doesn't accept social assistance in Manitoba
Loan amount $100 – $1,500
APR Varies by province
Term 5 - 40 days
Min. Turnaround time As little as 15 minutes with INTERAC e-Transfer
How to apply Online
In Store
Credit Check Yes

If you’re looking for 24/7 funding: iCASH

iCASH Payday Loan

$100 – $1,500
Loan amount
7 – 62 days
Loan Term
2 minutes
Min. Turnaround Time
If you're in a financial emergency, iCASH is one of the fastest payday lenders in Canada. It offers an automated instant approval process, 24/7 customer support and delivers your cash via e-Transfer. Your application can be processed 24/7, 365 days a year.
  • 24/7 application, 24/7 approval, 24/7 customer support
  • Accepts many types of income, including EI, CPP, disability and more.
  • Incredibly steep rates
  • Short repayment terms
  • Not available in all of Canada
Loan amount $100 – $1,500
APR Varies by province
Term 7 - 62 days
Min. Turnaround time As little as 2 minutes with INTERAC e-Transfer
How to apply Online
In Store
Credit Check Yes

If you have bad credit: GoDay

GoDay Payday Loan

$100 – $1,500
Loan amount
1 – 62 days
Loan Term
2 minutes
Min. Turnaround Time
GoDay provides access to payday loans quickly via an easy-to-follow online application with instant pre-approvals. You can apply whether you have bad credit, no credit or you receive income from CPP, OAS, Canadian child benefit or other government benefits.
  • Apply online in just 5 minutes to receive an instant decision on your loan request.
  • Once approved, receive your funds within the hour via Interac e-Transfer.
  • Borrowers with bad credit, no credit and alternative forms of income can apply.
  • High interest rates and short repayment terms
  • First-time borrowers can only get approved for up to $500.
  • Not available across Canada.
Loan amount $100 – $1,500
APR Varies by province
Term Up to 62 days
Min. Turnaround time As little as 2 minutes with INTERAC e-Transfer
How to apply Online
In Store
Credit Check Yes

If you’re looking for an installment loan: Loans Canada

Loans Canada Installment Loan

$500 – $50,000
Loan amount
8% – 46.96%
3 - 60 months
With Loans Canada, submit an application to have a look at the installment loan options available to you from various lenders. It isn't a direct lender but acts as a specialty online platform you can use for free to connect with lenders that have already pre-qualified you. All consultations with Loans Canada are confidential and you're under no obligation to proceed with a loan.
  • Largest lender network in Canada so you have the widest range of options.
  • One application provides you with multiple loan offers.
  • Free service to help you compare options.
  • Apply for up to $50,000 without providing collateral.
  • Potential for excruciatingly high interest rates if you have bad credit.
  • No online quotes, so you'll have to speak to a customer service rep on the phone.
  • Only receive quotes from lenders partnered with Loans Canada.
  • Credit checks are required to qualify for a loan.
Loan amount $500 – $50,000
APR 8% – 46.96%
Term 3 - 60 months
Interest Rate Type Fixed
Min. Credit Score 300
Fees No application or origination fees.
Origination Fee 0
Turnaround Time Receive funds within as little as 24 hours.
Browse more installment loans
Maximum borrowing costs per province
Always refer to your contract for exact repayment amounts and costs as they may vary from our results.
Province Maximum allowable cost of borrowing
Alberta, British Columbia, New Brunswick, Ontario & Prince Edward Island $15 per $100 borrowed
Manitoba & Saskatchewan $17 per $100 borrowed
Nova Scotia $19 per $100 borrowed
Newfoundland and Labrador $21 per $100 borrowed
Northwest Territories, Nunavut & the Yukon $60 per $100 borrowed
Quebec Limit of 35% annual interest rate (AIR)

How does Money Mart compare?

You can read our review of Money Mart for more details, but here are the highlights:


  • Choose from payday loans of up to $1,500 or installment loans of up to $15,000, depending on your needs.
  • Apply online or in-store in a matter of minutes.
  • Expect to get your cash within 2 hours of being approved via Interac e-Transfer.
  • Bad credit or no credit doesn’t matter as long as you have a steady source of income.
  • More than 120 physical storefronts across Canada.


  • Extremely high fees for payday loans
  • If you default on your loan, whether it’s a payday loan or an installment loan, watch out for charges like NSF and late fees.

Features of payday loans like Money Mart

Places like Money Mart are one of the fastest ways to get your hands on cash when you’re facing a financial emergency. Here are the features common among payday lenders:

  • Fast turnaround time. A major selling point with payday loans is how quickly you can gain access to your funding. You can get your money immediately after approval if you apply in-store, and most online lenders will transfer approved funds to your bank account usually within the same business day.
  • Easy to apply for. Count on a range of options to apply for a payday loan, including via easy-to-use online applications, at in-person branches across the country or over the phone.
  • Use the money for any purpose. Once you’re approved for a payday loan, you have the freedom to use the money as you’d like as long as you use the funding for legitimate and legal purposes. Payday lenders don’t ask or keep tabs on how you’re making use of your loan.
  • Bad credit is okay. Payday loan providers will usually accept applications from people with poor credit histories because they prioritize your income and ability to repay your loan on time over your credit score.

What do I need to watch out for?

Payday loans come with notoriety for good reason. They should be treated as a last resort option because of these red flags:

  • Incredibly expensive. With APRs of 400% or more, payday loans are hands down one of the most costly ways to borrow money.
  • Short repayment terms. Make sure you have a solid repayment plan because you’ll need to repay your loan by your next paycheque without triggering a cycle of debt. Payday loans cap out at 62 days, but most lenders expect you to repay your loan by your next payday.
  • Caps on how much you can borrow. Payday loans cap at $1,500, so if you need more cash, this may not be your best option. Consumers in some provinces also can’t borrow more than 30% or 50% of their net income.
  • Disreputable lenders. Because payday loans are marketed to people in dire need of cash, the payday lending space has its fair share of scams. Not all lenders follow provincial or territorial laws regulating payday loans. Check to make sure the payday lender you’d like to work with is licensed and is legit before proceeding.

Features of installment loans like Money Mart

Installment loans are a type of personal loan available to borrowers of all credit types. The shared features of this type of loan include the following:

  • Smaller loan amounts. Borrowers typically qualify for smaller amounts with installment loans compared to conventional personal loans.
  • Shorter loan terms. Installment loans are repaid over the course of a few months to a few years at most.
  • Lenient eligibility criteria. It’s easier to qualify for an installment loan compared to personal loans from traditional lenders.
  • Repaid in installments. Just like a traditional personal loan, you’ll be responsible for paying back what you’ve borrowed within a required timeframe. Payments are usually on a monthly fixed schedule.
  • Unsecured. You don’t need to secure your installment loan with an asset.

What do I need to watch out for?

While installment loans provide borrowers with more breathing room to repay their loans compared to payday loans, they still have some features to be aware of:

  • High interest. Installment loans typically have higher interest rates than some other types of loans – especially if your credit isn’t in great shape.
  • Disreputable lenders. There are many disreputable lenders operating online who prey on people with bad credit, so make sure you evaluate the lender before you apply.
  • Direct debit repayments. Many lenders will automatically withdraw the loan repayments from your account. While this can make repayments easy, it can be a costly option if your account is overdrawn by your lender.

How to apply for payday loans and installment loans

If you’re ready to apply for a payday loan or an installment loan, follow these steps:

  1. Head to your lender of choice’s website and navigate to the application page.
  2. Fill in the prompts on the application page. It typically starts with providing your full name, date of birthday, mailing address and email address.
  3. Continue with the application, filling in your employment status, monthly income and credit score (or Social Insurance Number if it’s requested).

When you submit your application, you may need to verify your identity and income to proceed with your loan application. Provide information that documents your income like a letter of employment, pay stubs or bank statements that show direct deposits. You’ll also need a copy of your ID, such as a passport, to upload into the application system.

Compare installment loans

1 - 7 of 7
Name Product Interest Rate Loan Amount Loan Term Requirements Link
Loanz Personal Loan
29.90% - 46.90%
$1,000 - $15,000
12 - 60 months
Requirements: min. credit score 570, min. income $1,200/month, 3+ months employed
Go to site
More Info
Apply online and get approved in less than 3 minutes. Receive funds in as little as 15 minutes. Borrowers with bad credit or no credit can apply.
Spring Financial Installment Loan
17.99% - 46.96%
$500 - $15,000
9 - 48 months
Requirements: min. income $1,800/month, 3+ months employed, min. credit score 500
Go to site
More Info
If you're not eligible for an unsecured loan, you may be offered a credit builder loan to help improve your credit score.
LoanConnect Installment Loan
$500 - $2,500
3 - 6 months
Requirements: min. credit score 300
Go to site
More Info
Get approved by different lenders in as little as 60 seconds with any credit score.
Loans Canada Installment Loan
8.00% to 46.96%
$500 - $50,000
3 - 60 months
Requirements: min. credit score 300
Go to site
More Info
A broker with the largest lender network in Canada. Fill out one application and get matched for free with lenders.
Mogo Installment Loan
9.90% - 46.96%
$200 - $35,000
6 - 60 months
Requirements: min. income $13,000/year, min. credit score 500
100-day money-back guarantee. If you're not happy with your loan, pay back the principal and get your 100 days of paid interest and fees back.
Go to site
More Info
Get a free quote without affecting your credit score and get a loan on the same day. Track your credit score for free.
SkyCap Installment Loan
12.99% - 39.99%
$500 - $10,000
9 - 60 months
Requirements: min. income $1,600/month, stable employment, min. credit score 550, no bankruptcy
Go to site
More Info
Apply in less than 5 minutes and if approved, receive financing in as little as 24 hours.
Cash Money Installment Loan
$500 - $10,000
6 - 60 months
Requirements: stable source of income, min. credit score 560
Go to site
More Info
Online installment loans are available in Alberta only. Residents of Manitoba and New Brunswick must apply in-store.

Compare up to 4 providers

Bottom line

Be aware that any money you borrow will come with very high interest rates and has the potential to lead you further into debt, whether you’re applying for a payday loan or an installment loan via Money Mart or its contenders. Use this post to decide whether applying for a Money Mart loan is the right step for you or if another lender or loan type is a better fit.

Frequently asked questions

More guides on Finder

Go to site