Cash Money
Get personal loans, lines of credit, or auto equity loans up to $25,000 with instant decisions. Pre-approval doesn’t impact your credit score.
Cash Money offers an attractive suite of personal loan products for Canadian borrowers. Their pre-approval process is genuinely convenient, advertising no impact on your credit score for checking available loan options. You can apply entirely online, over the phone, or drop by one of their 150+ branches nationwide.
Loan options include a line of credit up to $10,000, auto equity loans up to $25,000, and payday loans up to $1,500. Rates, fees, and loan terms aren’t publicly listed and will depend on your specific province and situation. The main highlight is you can apply in minutes and get funds as quickly as 15 minutes, either by direct deposit or Interac e-Transfer.
How to Apply: Step by Step
- Begin your application online, by phone, or at a branch.
- Provide proof of ID, steady income, an open chequing account, and be age 18+.
- Your application will be reviewed quickly and a lending decision given.
- Sign the agreement once approved and select your preferred funding method.
- Funds are transferred directly to your bank account or via Interac e-Transfer.
Pros of Cash Money Loans
Cash Money’s huge advantage is their soft check pre-approval — you see what you qualify for without risk to your credit. Additionally, the loan application is streamlined and designed for urgent needs, with funding possible in just minutes upon approval.
Their large network of branches and online platform means Canadians across the country can access their products easily. Borrowers even get to keep their vehicle for auto equity loans.
Cons of Cash Money Loans
A main disadvantage is the lack of transparent rate and fee information online. You’ll only see the costs after pre-approval, which may be a drawback for rate shoppers. Auto equity loans do require a branch visit.
Additionally, Cash Money’s products are typically for emergency or short-term borrowing, and may carry higher interest rates than traditional bank loans, depending on the province.
Verdict
If you need quick funds or flexible borrowing with an instant decision, Cash Money stands out—especially since you can pre-qualify without a credit score impact. As always, carefully review your loan terms before committing, but for speed and convenience, it’s a top contender in Canada.