{"id":984538,"date":"2022-05-06T16:24:00","date_gmt":"2022-05-06T20:24:00","guid":{"rendered":"https:\/\/www.finder.com\/ca\/?p=984538"},"modified":"2026-10-30T16:55:21","modified_gmt":"2026-10-30T20:55:21","slug":"money-mart-vs-cash-money","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/payday-loans\/money-mart-vs-cash-money","title":{"rendered":"Money Mart vs. Cash Money"},"content":{"rendered":"

If you\u2019re searching for a payday loan, personal loan or other types of credit, both Money Mart and Cash Money are popular options in Canada. But how similar are they? Our guide takes stock of each lender\u2019s key features and what differentiates them to help you decide which route to take.<\/p>

Money Mart vs. Cash Money loans<\/h3>

From the types of loans on offer to features like how much you can borrow, eligibility requirements and customer reviews, we stack the two lenders side-by-side to help you compare:<\/p>
Category<\/th>

Money Mart<\/p>

\"Money<\/p><\/th>

Cash Money\"Cash<\/p><\/th><\/tr><\/thead>

Types of loans<\/td>Mainly payday loans and installment loans

(Other products: cheque cashing and small business loans)<\/p><\/td>

Payday loans and lines of credit<\/td><\/tr>
Loan amount<\/td>
  • Payday loans:<\/strong> $100 \u2013 $1,500<\/li>
  • Installment loans:<\/strong> $500 \u2013 $25,000<\/li><\/ul><\/td>
  • Payday loans:<\/strong> Up to $1,500<\/li>
  • Line of credit:<\/strong> $1,000 \u2013 $10,000<\/li><\/ul><\/td><\/tr>
Loan term<\/td>
  • Payday loans:<\/strong> 1 - 62 days<\/li>
  • Installment loans:<\/strong> 12 \u2013 84 months<\/li><\/ul><\/td>
  • Payday loans:<\/strong> Up to 62 days<\/li>
  • Line of credit:<\/strong> Open-ended<\/li><\/ul><\/td><\/tr>
Serviced provinces<\/td>
  • Payday loans:<\/strong> AB, BC, NS, ON, SK and MB
    <\/li>
  • Installment loans:<\/strong> AB, BC, MB, NS, NB, ON, PEI and SK<\/li><\/ul><\/td>
  • AB, BC, MB, NB, NL, NS, ON and SK<\/li><\/ul><\/td><\/tr>
In-store application<\/td>
  • Available<\/li><\/ul><\/td>
  • Not available<\/li><\/ul><\/td><\/tr>
Eligibility requirements<\/td>
  • Be at least 18 years of age.<\/strong> Proof of ID required<\/li>
  • Canadian resident.<\/strong> Proof of address required<\/li>
  • Have an active chequing account.<\/strong> Submit a direct deposit form<\/li>
  • Have a steady source of income.<\/strong> Income verification required<\/li><\/ul><\/td>
  • Be at least 18 years of age.<\/strong> Proof of ID required<\/li>
  • Canadian resident.<\/strong> Proof of address required<\/li>
  • Have an active chequing account.<\/strong> Submit a direct deposit form<\/li>
  • Have a steady source of income.<\/strong> Income verification required<\/li>
  • Contact information.<\/strong> Active phone number and email address<\/li><\/ul><\/td><\/tr>
Customer reviews and reputation<\/td>
  • 4.7 stars out of 5 on Trustpilot.<\/strong> Out of more than 7,180 reviews<\/li>
  • 1 out of 5 stars on Better Business Bureau (average of 11 reviews).<\/strong> Bear in mind, Money Mart is not BBB accredited<\/li><\/ul><\/td>
  • 4.4 stars out of 5 on Trustpilot.<\/strong> Out of more than 8,120 reviews<\/li>
  • 1.2 out of 5 stars on Better Business Bureau (average of 10 reviews).<\/strong> Like Money Mart, Cash Money is not BBB accredited<\/li><\/ul><\/td><\/tr><\/tbody><\/table>

    Alternative: Cash advances<\/h3>

    Cash advances have flexible eligbility requirements just like payday loans and offer lower-cost options.<\/p>\n\n\n\n\n\n
    Lender<\/th>\nCost<\/th>\nLoan amount<\/th>\nLoan term<\/th>\n<\/th>\n<\/tr>\n<\/thead>\n
    \n0%<\/span> + monthly fee from $2<\/td>\n$20 \u2013 $500<\/td>\nFlexible<\/td>\n