Cash Money
Cash Money is a long-standing Canadian alternative lender that has served nearly 1.2 million Canadians since 1992. They offer flexible financial solutions including lines of credit and payday loans, providing quick access to funds for short-term needs.
Expert Review
Best For
Cash Money is best suited for Canadians needing quick access to funds who may not qualify for traditional bank credit, particularly those seeking ongoing access to funds via a line of credit.
Our Take
Cash Money is a veteran in the Canadian alternative lending space, operating since 1992 and serving a significant customer base. They have evolved to offer both traditional payday loans and a more flexible line of credit product, catering to diverse short-term financial needs. Their combination of speed, accessibility, and a long operational history distinguishes them from many newer digital lenders.
What We Like
- Flexible open-ended line of credit ($500 - $10,000)
- Fast funding, often within 24 hours or 15 minutes via Interac e-Transfer
- Long operational history in Canada (since 1992)
- Offers multiple products to suit different needs
- Relatively accessible eligibility requirements
Where to Improve
- High interest rate (34.99%) on the line of credit compared to traditional banking products
- Products are not designed for credit building
- Payday loans can be expensive if not used for very short-term needs
Verdict
Cash Money provides a practical solution for Canadians requiring fast and flexible credit, especially for unexpected expenses. While their products are in the non-prime category with higher costs, they serve as a valuable financial buffer when used responsibly. It is crucial for borrowers to understand the cost structure and use these options as short-term solutions rather than long-term financial strategies.
Brand Signals & Trust
Years in Business
34+
Geographic Reach
Canada-wide
Product Diversity
2 products
Customers Served
1.2 Million
Trust Badges
Quality Lender, Veteran Lender
Products Offered
Line of Credit
Amount Range
$500 - $10,000
Interest Rate
34.99%
Term
Open Line of Credit
Funding Speed
Within 24 hours, as fast as 15 minutes via Interac e-Transfer
Eligibility
- Canadian resident over 18
- Minimum income at least $1,000 per month
- Proof of income/Paystubs
- Valid Government ID
- Open Chequing Account
Payday Loan
Amount Range
$100 - $1,500
Interest Rate
Varies by Province
Term
Up to 62 days
Funding Speed
As little as 15 minutes with Interac e-Transfer
Eligibility
- Canadian resident over 18
- Not available in Alberta or New Brunswick
- Minimum income $1,000
- Proof of income/Paystubs
- Valid Government ID
- Open Chequing Account
Google Reviews
665 Google reviews
Monday: 9:00 AM – 7:00 PM
Tuesday: 9:00 AM – 7:00 PM
Wednesday: 9:00 AM – 7:00 PM
+4 more days
Photos
Cannot say enough good things about this place. Pearl was amazing from the first call to the last signature and Kuldeep helped make the experience not only smooth, but enjoyable. These ladies make you feel comfortable from the moment you walk in, and take time to answer all your questions and explain everything in great detail. Thank you all so much for making the tragedy of losing a parent a little easier by not needing to worry about expenses. I cannot recommend enough!
We were walked through the entire process and treated with dignity. They were so incredibly kind and supportive. Aish and Pearl were my first two contacts. We got the help we needed and we are very grateful. Not expensive at all. Clean office at Yonge and Wellesley. I’m very happy 😊 🤗♥️
Deepti is very good at her work. She is very professional and good with customers. Highly recommended.
I’ve never actually had a bad experience, but there’s a young man that works the late shift at this store. His name is Lukman , And he is Very good at his job his customer service skills, the manner in which he speaks to customers Is very professional, but he’s very thoughtful and polite and has a genuine exchange with you as he genuinely cares about meeting you! I have often gone to the store late at night because they’re open and I always catch him like five minutes Before closing and he’s always so patient and kind and very sweet!
Lookman was extremely helpful. He explained everything clearly and was very professional and friendly. Really appreciate his support.
How Cash Money Compares
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