Apply For Cash Money

Cash Money loans provide quick, easy, and secure borrowing options to Canadians since 1992. With a focus on customer satisfaction, Cash Money offers a range of financial products including payday loans, installment loans, lines of credit, and auto equity loans. Customers can borrow amounts ranging from $50 to $10,000, tailored to meet their short-term cash needs. Whether you require funds for unexpected expenses, bills, or emergencies, Cash Money is committed to providing transparent and responsible lending services. With convenient options for application, including online, in-store, or by phone, coupled with professional customer service, Cash Money ensures a seamless borrowing experience for nearly 1.2 million Canadians across the country.

How to apply for a Cash Money loan

1. Determine Your Loan Needs. Before applying for a Cash Money loan, assess your financial situation and determine the amount you need to borrow. Whether you're considering a payday loan, installment loan, line of credit, or auto equity loan, knowing your borrowing requirements upfront will streamline the application process.

2. Choose Your Application Method. Cash Money offers multiple avenues for applying for a loan, including online, in-store, or by phone. Select the method that best suits your preferences and convenience. If you prefer the flexibility of applying from the comfort of your home, the online application process allows you to complete the entire process digitally. Alternatively, you can visit one of our many Cash Money store locations to apply in person, where our friendly staff will guide you through the process. For those who prefer the convenience of a phone call, our customer service representatives are available to assist you.

3. Gather Required Documents. Depending on the type of loan you're applying for and your chosen method of application, you may need to provide certain documents to complete the process. Typical requirements include proof of income, identification showing you're 18 years or older, a working phone number, and an open chequing account. If you're unsure about the specific documents needed, feel free to contact us for clarification.

4. Complete the Application. Once you've chosen your preferred application method and gathered the necessary documents, it's time to complete the application. Whether you're applying online, in-store, or by phone, our application process is designed to be quick and user-friendly. Provide accurate information and carefully review all terms and conditions before submitting your application.

5. Receive a Lending Decision. After submitting your application, Cash Money will promptly assess your eligibility and make a lending decision. We understand the urgency of your financial needs and strive to provide timely decisions. In many cases, you could receive your loan approval within minutes.

6. Get Your Cash. Upon approval, you can choose how you'd like to receive your funds. Cash Money offers various options, including cash pickup at a store location, direct deposit into your bank account, or through Interac e-Transfer® for added convenience. Depending on your chosen method, you could have access to your funds in as little as 15 minutes.

Conditions

1. Loan Amounts. Cash Money provides loans ranging from $50 to $10,000, depending on the type of loan and borrower eligibility.

2. Repayment Terms. Repayment terms vary depending on the loan type and amount borrowed. Payday loans typically require repayment on the borrower's next payday, while installment loans offer more flexible repayment schedules.

3. Interest Rates and Fees. Cash Money adheres to provincial regulations regarding interest rates and fees for payday loans and other borrowing products. Fees may include a flat fee per $100 borrowed, plus any applicable interest charges.

4. Credit Check. While Cash Money considers various factors in the lending decision process, including credit history, a traditional credit check may not always be required. We understand that unexpected financial situations can occur, and we strive to provide lending solutions tailored to individual needs.

Requirements

1. Age. Borrowers must be at least 18 years old to apply for a Cash Money loan.

2. Source of Income. To demonstrate the ability to repay the loan, borrowers must provide proof of income. Acceptable sources of income may include employment, government assistance, pension, or other forms of regular income.

3. Identification. Borrowers must provide valid identification showing they are 18 years or older. Acceptable forms of ID include a driver's license, passport, or provincial ID card.

4. Working Phone Number. A working phone number is required for communication purposes and verification of application details.

5. Open Chequing Account. Borrowers must have an open chequing account in their name to receive loan funds via direct deposit or other electronic transfer methods.

6. Meeting Provincial Regulations. Cash Money operates in compliance with provincial regulations governing payday loans and other lending practices. Borrowers must meet specific requirements outlined by their province of residence.

Reasons for rejection

1. Insufficient Income. If a borrower's income does not meet the minimum requirements for the requested loan amount, their application may be rejected.

2. Poor Credit History. While Cash Money considers various factors in the lending decision process, a history of delinquencies, defaults, or bankruptcy may result in rejection.

3. Incomplete or Inaccurate Information. Providing incomplete or inaccurate information on the loan application can lead to rejection. It's essential to ensure all required fields are filled out accurately and honestly.

4. Employment Status. Borrowers must have a stable source of income to qualify for a loan. Unemployment or irregular employment may result in rejection.

5. Bank Account Issues. Having a closed or inactive bank account, or providing incorrect bank account information, can lead to rejection as it affects the ability to receive loan funds and make repayments.

6. Age Requirement. Borrowers must be at least 18 years old to apply for a Cash Money loan. Failure to meet the minimum age requirement will result in rejection.

7. Identity Verification Issues. Inability to verify the borrower's identity through valid identification documents may lead to rejection.

Additional resources

• About Cash Money Cheque Cashing
• Cash Money Online Banking
• How to PayOff Cash Money Debt
• Cash Money Mobile App
• Cash Money Personal Loans for December 2024
• Cash Money Loans Calculator
• Cash Money Customer Reviews

Sources

• Cash Money Cheque Cashing Website