Money Mart
Money Mart is a leading provider of financial services in North America, with over 500 physical locations in Canada. For 40 years, they have been committed to providing financial solutions that meet the evolving needs of consumers and business owners, offering a variety of services including personal loans, cash advances, and cheque cashing.
Expert Review
Best For
Money Mart works best for Canadians who need quick access to credit or financial services and value the option of in-person support, especially those with limited or challenged credit.
Our Take
Money Mart is a highly recognizable alternative financial services provider in Canada, operating since 1982 with over 500 physical locations. They offer a broad range of services including installment loans, cash advances, cheque cashing, and lines of credit, catering to individuals who may not qualify for traditional bank credit. Their strength lies in accessibility, convenience, and choice, backed by decades of operational history.
What We Like
- Extensive accessibility with hundreds of physical locations across Canada.
- Wide range of financial services available under one roof.
- Transparency in loan structure with fixed terms and automatic payments for installment loans.
Where to Improve
- Cost is a significant drawback, with high interest rates on installment loans and potentially expensive cash advances.
- Customer service quality can vary by location.
- Loans are not designed to significantly build credit for moving to lower-cost products.
Verdict
Money Mart is a practical option for those needing quick funds and in-person service, understanding the costs of non-prime lending. While not ideal for those with strong credit, it serves as a valuable fallback or bridge when traditional credit is inaccessible, providing a familiar and accessible solution for many Canadians.
Brand Signals & Trust
Years in Business
44+
Geographic Reach
11 provinces
Product Diversity
2 products
Customers Served
Over 1 Million
Trust Badges
Quality Lender, Enduring Excellence
Products Offered
Installment Loan
Amount Range
$500 - $25,000
Interest Rate
34.56% - 34.95%
Term
6 - 84 months
Funding Speed
1-2 days
Eligibility
- Be at least 19 years of age
- Have a bank account
- A steady source of income
Cash Advance
Amount Range
$120 - $1,500
Interest Rate
Varies by province
Term
1-62 days
Funding Speed
1-2 days
Eligibility
- Be at least 18 years old with a valid ID
- A chequing account
- A steady source of income
Google Reviews
447 Google reviews
Monday: 7:00 AM – 11:00 PM
Tuesday: 7:00 AM – 11:00 PM
Wednesday: 7:00 AM – 11:00 PM
+4 more days
Photos
Beware of this place! I went to exchange US currency for CAD. The man working told me what the conversion would be (accurate considering the current rate)had me create an account, verified all my info etc. About 10 minutes later I handed him my US money. Then he says “I’m sorry, it’s actually $400 less than what I told you”. I asked him how and to show me where, and he just kept saying “my bad”. This second number was far less than the conversion rate, even with their fee. Beware and make sure you check the numbers before you hand money over!
Dear Sumith, I just wanted to take a moment to express my heartfelt thanks for your exceptional service. You truly go above and beyond in your work, and I appreciate the way you handle everything with professionalism and care.
Worst Experience!!! Yesterday evening I went there to exchange USD to CAD. They had the lowest exchange rate in market. Even banks like TD and BMO had better rates. However, it was an emergency and I needed the CAD ASAP so I decided to proceed with the exchange. Most hated part, I asked them to give me $100 notes, they said they don’t have any $100 notes and they hardly gave me $50 notes and lots of $20 and $10 notes. Not recommended at all!!!!
Great service, Sumith was my agent, he helped me with everything that I needed. Exceptional service and friendly.
Service was amazing, did not get the agents name but nevertheless. Amazing service
How Money Mart Compares
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