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Urgent Money Review

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About lender

Urgent Money is a lender that specializes in providing short-term loans to individuals facing urgent financial needs, such as paying unexpected expenses or urgent bills. The company acknowledges that everyone may require financial support at some point, even those with bad credit. Urgent Money offers short-term installment loans, extending a helping hand to those who need it the most. With a focus on building a mutually beneficial and trusting relationship with its clients, Urgent Money is committed to providing emergency cash loans and contributing to the financial well-being of those in need, even if they have a poor credit history or a low credit score.

Urgent Money


  • Same Day Funding. Urgent Money provides quick loan approvals and deposits the emergency money into the borrower's bank account on the same day, ensuring immediate funding for urgent expenses.
  • Repayment Within 120 Days. Borrowers have the flexibility to repay their urgent loans within a 120-day timeframe, allowing for manageable installment loan repayments that align with their financial situation.
  • No Credit Checks. Urgent Money does not perform credit checks, making it an accessible option for individuals with bad credit or poor credit history who need emergency personal loans.
  • Loan Amount Up to $1,500. With Urgent Money, eligible applicants can borrow money up to a maximum loan amount of $1,500, providing sufficient emergency funds to cover unexpected expenses or urgent bills. This loan amount can be customized based on the borrower's specific financial needs and repayment capacity.

Pros and cons


No Credit Checks. Urgent Money does not perform credit checks, making it an accessible option for individuals with bad credit or poor credit history who need emergency personal loans.

24-Hour Support. Borrowers can access customer support around the clock, ensuring they receive assistance when they need it, especially during financial emergencies.

Quick Approval. Urgent Money offers fast loan approval, enabling borrowers to receive immediate funding for their urgent expenses or unexpected bills.


High Interest Rates. As with many short-term loans and emergency loans, Urgent Money may charge higher interest rates compared to traditional lenders or personal loans, which can result in a more expensive borrowing experience.

Short-Term Loans. The repayment period for Urgent Money loans is relatively short, typically within 120 days. This may pose a challenge for borrowers who need more time to repay their loans or require long-term financial solutions.

Limited Loan Amount. Urgent Money offers loan amounts up to $1,6500, which may not be sufficient for borrowers facing larger financial needs or more significant unexpected expenses. This limitation might require individuals to seek additional funding sources or alternative lending options.


Urgent Money is reliable when it comes to prioritizing the privacy and security of its customers. The company takes great care in protecting user information by implementing SSL encryption on all its pages. This ensures that data transmitted between the user and the website remains secure and confidential. Additionally, Urgent Money provides HTTPS access 100% of the time for all users, further enhancing the security of the information shared on the platform.

How to apply for an Urgent Money loan

  1. Visit the Website. Begin by navigating to the Urgent Money website, where you can find information about their loan products and the application process.

  2. Click "Request Installment Loan". Look for the "Request Installment Loan" button or a similar option on the website. Clicking this button will take you to the loan application form.

  3. Fill Out the Application. Provide the necessary information in the application form, including your full name, phone number, email address, desired loan product, and loan amount. Ensure that all the information you provide is accurate and up-to-date.

  4. Submit the Application. After completing the application form, review the information you've entered and click "Submit." Your application will be sent to Urgent Money for review.

  5. Check Your Email. Keep an eye on your email inbox for a response from Urgent Money regarding your loan application. They will typically send you an update on the status of your application, along with any further instructions or requirements.

  6. Receive the Loan Amount. If your loan application is approved, Urgent Money will deposit the loan amount directly into your bank account. The time it takes for the funds to become available may vary, but in many cases, you can expect to receive the money within one business day.


  • Loan Amounts. Urgent Money offers loan amounts ranging from $500 to $1,500, allowing borrowers to choose a loan amount that best suits their financial needs.
  • Repayment Term. Borrowers are required to repay the loan within 120 days, providing a reasonable timeframe for repayment while still classifying the loan as a short-term financial solution.
  • Interest Rate. The cost of borrowing from Urgent Money is $18 per $100 borrowed. This fee is an important factor to consider when evaluating the overall cost of the loan and should be weighed against the urgency of your financial needs and your ability to repay the loan within the specified timeframe.


  • Canadian Citizenship. Applicants must be Canadian citizens to be eligible for an Urgent Money emergency loan.
  • Age Requirement. Applicants must be at least 18 years old to apply for an urgent loan.
  • Steady Employment. Applicants should have a steady job for more than three months to demonstrate their ability to repay the loan.
  • Low Short-Term Debt Ratio. Applicants should have a low short-term debt ratio, indicating that they can manage their current debts and have the capacity to take on additional financial obligations.
  • Bankruptcy Status. Applicants should be cleared of any bankruptcies and should not be planning to file for bankruptcy or a consumer proposal in the near future.
  • Minimum Monthly Income. Applicants must have a monthly income of at least $1,000 to qualify for an Urgent Money loan.
  • Bank Statements. Applicants are required to provide bank statements for the last three months as part of the application process.

Ways to receive the money

When you are approved for a loan from Urgent Money, the borrowed amount will be deposited directly into your bank account. This process typically occurs within hours of receiving same-day approval, ensuring that you have access to the funds as quickly as possible. The direct deposit method is convenient and secure, allowing you to address your financial needs or unexpected expenses without delay.


Urgent Money offers emergency personal loans in the form of installment loans, providing financial assistance to those who need money urgently. These installment loans are available for amounts up to $1,500, allowing borrowers to cover unexpected expenses or medical bills. With online loans and a fast approval process, Urgent Money ensures that applicants receive quick access to the funds they require. This makes it a convenient option for those seeking fast cash from online lenders or financial institutions.

Reasons you may be denied an Urgent Money loan

  • Insufficient Income. If your income doesn't meet the lender's minimum income requirement or you can't provide proof of steady income, your application for the emergency personal loan may be rejected.
  • Incomplete Application. Failing to provide all necessary information or documents, such as bank statements, can lead to your online loan application being denied or delayed.
  • High Debt-to-Income Ratio. If your debt-to-income ratio is too high, lenders may consider you a high-risk borrower and decline your loan application.
  • Bankruptcy or Consumer Proposal. If you have a recent bankruptcy or consumer proposal on your credit history, lenders might be hesitant to approve your loan application.
  • Not Meeting Eligibility Criteria. To be eligible for an Urgent Money loan, you must meet specific criteria, such as being a Canadian citizen, at least 18 years old, and having a steady job for more than 3 months. Not meeting these eligibility criteria can result in your loan application being denied.
  • Fraud or Suspicious Activity. If Urgent Money detects any fraudulent or suspicious activity on your loan application, they may deny your request to protect both parties from potential risks.

How to repay an Urgent Money loan

  1. Loan Term. Urgent Money loans are payable within a period of 120 days and not less than 90 days. This means you will have between 3 and 4 months to repay the loan amount, including any interest and fees.

  2. Repayment Schedule. Your repayment schedule will be outlined in your loan agreement, detailing the due dates for each payment and the amount due. It's essential to review and understand the terms of your repayment schedule to ensure you make on-time payments.

  3. Payment Methods. Urgent Money may offer various payment methods, such as automatic withdrawals from your bank account, online payments, or payments by phone. Choose the most convenient method for you and ensure that you have sufficient funds available on the due dates.

  4. Early Repayment. If you have the opportunity to repay your loan earlier than the scheduled due date, you may be able to save on interest charges. Check with Urgent Money to see if there are any prepayment penalties or fees associated with early repayment.

Editorial opinion

Urgent Money serves as a viable option for those seeking fast money to address unexpected expenses or medical emergencies. As an online lender offering short-term loans, they cater to individuals who may not have access to traditional credit unions or require a more expedited approval process. While their services can be beneficial for those in need of urgent loans, it is essential to carefully consider the terms and potential hidden fees associated with online payday loans and bad credit loans. To make an informed decision, potential borrowers should explore many lenders, understand their minimum credit score requirements, and be aware of the impact of on-time payments on their ability to build credit. By doing so, consumers can ensure they are making the best choice for their financial well-being while navigating the landscape of loans in Canada.


Keeping your Debt-to-Income (DTI) ratio below 30-40% of your monthly income is crucial. This will help you avoid potential financial problems in the future. Additionally, always assess the necessity and feasibility of taking a loan, ensuring you can comfortably manage its repayment.

How to Choose a Lender

  1. Verify that the lender is registered with the appropriate regulatory authorities in Canada, such as the Financial Consumer Agency of Canada (FCAC), or is licensed to operate in your province.
  2. Check if the lender is a member of reputable industry associations in Canada, such as the Canadian Bankers Association (CBA) or the Canadian Lenders Association (CLA).
  3. Thoroughly review all terms and conditions outlined in your loan agreement. Understand the repayment schedule, interest rates, fees, and any penalties for late payments or defaults.
  4. Ensure that the contract clearly states the annual percentage rate (APR) and the total cost of borrowing, including any administrative fees or additional charges.
  5. Familiarize yourself with your rights regarding loan cancellation or early repayment. Canadian consumers have the right to cancel a loan within two business days after signing the agreement, without penalty.
  6. Research the lender's reputation by checking customer reviews, complaints, and feedback on reputable online platforms, as well as through resources provided by organizations like the Better Business Bureau (BBB).


At Finanso, we've carried out a comprehensive analysis of over 70 lenders, assessing them based on 35 different parameters across six key categories: accessibility of loans, customer relations, quality of service, interest rates, and transparency of conditions.

In each category, we carefully considered the most critical factors in selecting a lender. These factors include the interest rates, available loan amounts, minimum credit score, minimum income, application fees, and the speed at which funds are transferred.

At Finanso, we highly value our users, which is why we also focus on the quality of customer service, user reviews, and additional features that can aid our users in making a well-informed decision.

Our ultimate goal is to provide insightful recommendations and expert advice to assist you in selecting a lender that best caters to your specific needs.

Additional resources

  • Urgent Money Customer Reviews



What is Urgent Money?

Urgent Money is an online lender that offers short-term loans, such as installment loans and emergency loans, to help individuals in Canada deal with unexpected expenses or financial emergencies. They aim to provide fast money solutions to those in need of extra cash.

How quickly the funds can be received?

With Urgent Money, funds can be received quickly through instant approval and direct deposit. In many cases, borrowers can receive their cash advance within hours of being approved, making it an ideal option for those facing medical emergencies or other time-sensitive financial needs.

How do you qualify for Urgent Money?

To qualify for a loan from Urgent Money, you typically need to meet specific eligibility criteria. While the exact requirements may vary, they generally include being a Canadian resident, having a steady source of income, and providing a bank statement. A credit check will not be performed, so having less-than-perfect credit does not automatically disqualify you from being approved.

How much can you borrow from Urgent Money?

The amount you can borrow from Urgent Money depends on various factors, such as your income, credit history, and the specific loan product you choose. Generally, Urgent Money offers loans ranging from a few hundred dollars to a few thousand dollars, providing enough extra cash to cover most unexpected expenses.

Is Urgent Money a legitimate company?

Urgent Money is a legitimate online lender operating in Canada. As with any lender, it's essential to research and understand the terms and conditions of their loans, including interest rates, fees, and repayment schedules. By doing so, you can ensure that you make an informed decision and choose a loan option that best suits your financial needs and circumstances.

We like to keep things simple. You need money and we can lend it. We understand the need to for short term loans when you need to pay urgent bills. Everyone deserves a second chance. We can offer you a short term installment loans even if you have bad credit. We are there to help and develop a mutually beneficial and trusting relationship.

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