Cash Money Review (May 2024) – Pros, Cons, Features, & Pricing

People rely on loans when they need money today, but they will have to pay back the loan with interest. It can be difficult to figure the terms of loans by yourself. Luckily, Cash Money has you still pay back the loan, but it won’t be with interest!

If you are looking for lower monthly payments, you should consider Cash Money because they assist you when navigating through your loan needs. Check out more details below in our Cash Money Review.

Editorial Note: Comparewise is supported by our readers. When you find products and services through links on our site, we may earn commission.

Last Updated: May 14, 2024

Cash Money

  • Cash loans $50-$10,000
  • Helped nearly 1.2 million Canadians
  • Representatives are available 7 days a week

Cash Money supports you. Loans up to $10,000 - Claim this offer

What is Cash Money? 

Cash Money is a company that offers personal loans. The company offers three different ways to apply for these loans, including online, by phone, or in person. Some of the benefits mentioned are low rates and flexible payment options. 

This company provides a better way to get a loan. 

Cash Money Review: Is it safe to use? 

This company has an A+ Cash Money review rating from the Better Business Bureau, as well as it has received 4.5 stars out of 5 on Trustpilot in customer Cash Money reviews. One of their main focuses is providing accurate information about what they offer and how it could be beneficial to you in your financial situation. 

Cash Money Review: Benefits of using

Cash Money is a company that provides financial services to the general public. The company has been in the business for over two decades and has provided service to 10 million customers. These customers have given great Cash Money reviews.

There are many benefits to using Cash Money. Cash Money provides quick and easy access to the cash, savings, and investments that they offer. The company is also able to provide these services for people who are unable or unwilling to make a trip to a bank. The company also provides convenient services such as bill payment, ATM withdrawals, and other financial transactions for their customers. 

Cash Money Review: Which products and services does it offer? 

Cash Money offers installment loans. The company also provides a wide range of other products and services, including installment loans, personal loans, savings accounts, checking accounts, certificates of deposit (CDs), and credit cards. 

The interest rate for their installment loan is 46.93% regardless of if the borrower has a good or bad credit score. The amount that you can borrow ranges from $500 to $10,000 with no maximum limit set by Cash Money. 

Cash Money Review: The interest rate on their loans

The interest rates for cash money loans vary depending on the province, as well as how much you borrow and the duration of the loan. In general, a cash money loan will be repaid over a period of time with some type of discount or return. 

Cash money is a consumer credit company that offers loans to individuals. The interest rate for a cash money loan ranges from 36-183% depending on the amount of time you borrow and your personal financial status. 

There are no fees associated with this lending option, but it does have some restrictions such as prequalification requirements or limits on certain types of income sources like pensions, Social Security payments, bodily injury settlements/payments, etc.. 

What is the term length for a Cash Money loan? 

Cash Money offers short-term loans. The term length for a cash money loan is between 4 and 12 weeks, depending on the amount requested by the customer. Cash Money offers a 62-day term for their payday loans and the line of credit terms are open-ended. 

This means that you can borrow as much, or as little, as you want over the course of your loan period. The total cost of borrowing will depend on how much you wish to borrow and the length of the term. If you’ve opted for a line of credit loan, it will depend on how much you draw down from your loan limit. Fees vary by province, but they typically range from $50 to $200. 

Cash Money is a quick and convenient way to get money when you need it. Since the term length maximum for the loans is 12 months, it makes them perfect for short-term needs. 

This loan option can be more beneficial than traditional banks or credit unions because of its quicker payment process that allows people to access their funds quickly without having to wait weeks or months. 

How do I qualify for a Cash Money loan?

One of the major concerns when looking for a personal loan is how long it will take to receive money. With Cash Money, an applicant can qualify with only one month’s worth of income and three months’ worth in savings. Additionally, they provide government identification that verifies their identity and information like bank account numbers and tax returns. 

As a result, this company offers loans without collateral or credit history requirements which makes them appealing to those who don’t have any type of credit score or history. 

Additionally, they offer the ability to repay the loan in as little as six months. This is a big perk for people who are looking for an easy way to pay off the debt within a short amount of time without having to deal with interest rates or hidden fees associated with other types of loans. 

If you’re interested in a Cash Money loan, it’s important to understand the qualifications and what is required for qualification. 

Some qualifications include: 

  • Age 18 or older 
  • US citizen, permanent resident (green card), Mexican national, or Canadian citizen with a valid social security number and work eligibility in the U.S. 
  • Have a checking account 

Can I apply online for a Cash Money loan? 

Cash Money is a Canadian-based company that offers short-term loans, primarily to people who are struggling with their finances. To apply for a loan through Cash Money, you will need to go online and fill out the form. 

If you’re interested in applying for a loan from Cash Money, you can do so online, but if you feel the need, you can also do s0 by visiting one of their physical locations. 

Cash Money Review: Personal Loan vs Installment Loan 

In the current economy, people are becoming more and more interested in finding a way to get their hands on some extra cash. Cash Money is able to provide loans for personal use as well as installment loans so that borrowers can have access to funds without having too much debt at once. 

Personal Loan

A personal loan is a type of debt that many people take out to cover any necessary expenses. A borrower may need money for almost anything from medical bills, tuition fees, or home repairs.  

The maximum amount allowed for a personal loan from Cash Money is $10,000 which provides enough money when it comes time to pay off other expenses or save up savings while still being able to make payments towards your loan. 

A personal loan is great for people who don’t want to invest the time and money required for a mortgage, for those who don’t have the time to wait on a paycheck, or for those who just need money quickly. After all, it’s much easier to get approved for a personal loan than getting approval from your bank or credit union. 

Installment Loan

An installment loan is an option that many people turn to when they don’t have the money to pay for their expenses up-front. These loans are available in much larger amounts than personal loans and allow you to repay your loan over a long period of time. 

Cash Money provides the option to pay off your loan in full or just make payments towards it monthly. 

How does repayment work at Cash Money? 

If you are looking for a quick and easy way to borrow money from Cash Money, they have a great cash loan offer. This loan can be repaid through scheduled preauthorized payments from your bank account. 

Cash Money Review: What provinces are they available in? 

Cash Money Canada is an online Canadian bank that allows consumers to earn and redeem cash rewards. Cash Money has a number of locations across Canada, but the bank is only available in Ontario, Quebec, Nova Scotia, Newfoundland, and Labrador. 

Customer support provided by Cash Money 

Cash Money is a company that provides customer support for its members. It has a website, call centre, and email address that you can use to get in touch with their representatives.

There are hours of operation from 8 a.m. to 7 p.m., Monday through Thursday, and 5 a.m.-5 p.m., Friday-Sunday, which makes it convenient for members who work during these times. Cash Money reviews have been better due to the great customer support provided.

Cash Money is a great option for members who work during these times, but it can also be a good financial choice for other people. 

Summary of Cash Money Review 

Overall, our Cash Money review shows how Cash Money is a great option for anyone looking to save money on their personal finances. It’s free, easy to use, and has no hidden fees or penalties for missing a payment. In addition, you can cancel the service at any time with no penalty if you decide it is not for you. Thanks for reading our Cash Money review. Try Cash Money today!

You might also like…

Top offers this month

  • Spocket – Grow your dropshipping business today for free!
  • RankMath – Start for free. Get more traffic to your website now with RankMath!
  • ShortPixel – Get 2 free months of ShortPixel and transform your website lead time
  • QuickBooks – Get 44% off Quickbooks. Save an average of 42 hours/month with QuickBooks
  • Outgrow – Get 44% off. Boost your marketing with interactive content

Discover Investment Opportunities

Make your money do more.

12 Results

Advertiser disclosure

Offers shown here are from third-party advertisers. We are not an agent, representative, or broker of any advertiser, and we don’t endorse or recommend any particular offer. Information is provided by the advertiser and is shown without any representation or warranty from us as to its accuracy or applicability. Each offer is subject to the advertiser’s review, approval, and terms. We receive compensation from companies whose offers are shown here, and that may impact how and where offers appear (and in what order). We don’t include all products or offers out there, but we hope what you see will give you some great options.

Young investors can trade stocks and ETFs, all for free.
Min Investment
Target Return
Retire up to 30% wealthier with Questwealth Portfolio.
Min Investment
Target Return
Get $20 CAD of BTC with promo code: COMPAREWISE
Min Investment
Target Return
Buy and sell gold, silver & platinum online at the best price.
Min Investment
Target Return
Get up to $150 cash bonus
Min Investment
Target Return
Flexibility with a great return.
Min Investment
Target Return
Get a $50 bonus when you sign up and deposit $250.
Min Investment
Target Return
Buying and securing gold has never beeng more simple and affordable.
Min Investment
Target Return
High return on a shorter term.
Min Investment
Target Return
Get a $100 welcome bonus, when you make your top-up*
Min Investment
Target Return
A new passive income asset class, peer-to-peer lending.
Min Investment
Target Return
Sign Up And Access 65+ Cryptocurrencies Instantly
Min Investment
Target Return

FAQs about Cash Money

What documents do I need to apply for a loan at a Cash Money store?

In order to apply for a loan at Cash Money, you need a source of income, a working phone number, an open chequing account, and an ID stating that you're 18 or older.

How does an online payday loan work?

Using Cash Money's online application, you only need to follow a few simple steps.

  •  Create a Cash Money account
  • Submit your application with Cash Money
  • When approved, choose the amount of money to borrow
  • Sign your loan documents online
  • You can pick up your funds at a Cash Money store

How can I apply for a payday loan?

You can apply for a payday loan with Cash Money either online, by phone call, or store location.

How do I get my funds?

If you apply online with Cash Money, you can get your funds through direct deposit, loading to your Opt+ card, Interac e- transfer, and at a store location.

What is the min/max amount I can borrow?

The minimum you can borrow for a payday loan with Cash Money is $100, and the maximum amount is $1,500.

November 21, 2023
Fact check by

Grow your finances today.

By submitting, you agree to comparewise’s terms of use and privacy policy.

You may also like

While Canadians are familiar with long-standing Equitable Bank, they may not be as acqu...
Laurentian Bank occupies a good position in the list of top ten banks in Canada. With o...
Chase Payment Solutions is one of the top payment solution providers in Canada when it ...
This SecuriGlobe travel insurance review is a must-read if you want to buy travel insur...
**Limited Time Offer: Sign up for the Neo Card or Neo Secured Card using this link to r...
Car loan?
Personal Loan?

Top deals await you just a short
application away!