A payday loan is a temporary advance of money to help you meet your short term financial needs. Typically, the loan is repaid on your next pay day. When a payday loan is obtained through MoneyMart.ca, funds are available either for in-store pickup or deposited electronically into your bank account. Payments are usually withdrawn from your bank account by electronic debit. Be advised that payday loans should not be used as a long term financial solution.

Millions of Canadians with steady incomes find that payday loans are the perfect solution to their short term financial needs. Sometimes consumers find themselves short on cash and can't wait until their next pay day. A payday loan provides quick access to the money they need.

Yes. While there are no limits on the number of loans allowed, you cannot have more than one loan at any time. Our payday loan service is meant to bridge your short term cash needs between pay days.

Payday loans are provided by National Money Mart, one of the largest providers of alternative retail financial services in the world. We service short term consumer loans for hundreds of thousands of borrowers just like you through our MONEY MART® stores. We understand that consumers need straightforward facts in order to reach an informed decision about using short term consumer loans. The process is quick and easy, when you need short term cash quickly.

In order to apply, you need the following:

• You must be 18 years or older
• Valid chequing account
• Valid email address
• Proof of steady income
• Active phone number
• Valid government issued photo ID

Depending upon income level, province of residence and other underwriting criteria, payday loan amounts can range from $120 to $1,500.

• Complete the online application. The application contains basic customer contact, bank account and income information.
• Review and verify that the information entered on the application is correct.
• Review and accept the online disclosures.
• Review and accept the terms and conditions of the loan agreement by providing your electronic signature.
• New customers may need to fax or scan and email supporting documentation (typically a recent pay stub, bank statement, voided check, and a copy of valid government-issued identification) in order to establish an account. In most cases, existing customers will not be required to fax supporting documentation.
• Residence in a province where the product is offered
• Once the supporting documents are received and reviewed (if applicable), your loan application is reviewed and if approved, the funds are either electronically deposited into your bank account or may be picked up at a store location.
• On the payment due date of your loan, your payment will be electronically withdrawn from your account.

• Your most recent pay stub - not older than 30 days, or other proof of income
• A bank statement which shows the last 2 direct deposits from your qualifying income source
• A blank, voided cheque
• A copy of a valid government issued identification card
• Additional documentation may be required

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Click the 'Forgot Password' link, and follow the online instructions to reset your password.

• Email us: feedback@moneymart.ca.
• Contact customer service at 1-877-819-5857.

Loans originated at a MONEY MART store must be repaid at the store. Loans that originated on the MoneyMart.ca website can also be repaid in store at least 2 days before the due date. Otherwise, the payment is withdrawn from your chequing account electronically.