Money Mart has a loan for all types of emergencies. If you need a loan for a medical issue, an emergency car repair, or a funeral payment, Money Mart can help. Also, people are saying that these loans help with funding for groceries, rent, and other day-to-day expenses. It is also said that these loans help with student loan repayments. This is what people say about Money Mart loans from the perspective of a customer.
However, make sure that you are ready to pay the hefty origination fee of Money Mart which can go up to $1,000 for a borrowers $10,000 above.
Money Mart loans Details
Loan Amount: With Money Mart Payday Loans, enjoy a loan amount between $1,000 to $15,000.
Loan Terms: Get a loan term of 12 to 60 months with Money Mart Payday Loans!
Money Mart loans Interest Rates and Fees
Interest Rate: Money Mart Payday Loans has a variable APR that ranges between 19.90% to 46.90%.
Origination fees: Money Mart Payday Loans charges high origination fee which is $150 per $1,000 borrowed money.
Late payment and prepayment fees: Money Mart Payday Loans didn’t say anything else about late payment and prepayment penalties so better check the terms before agreeing into anything.
Qualifying for Money Mart loans
If you want a loan from Money Mart, you’ll need to qualify for that loan. You need to provide proof of your income, as well as your loan history. You’ll also need to show that you’re making regular payments to your loan. Furthermore, you need to be a citizen or permanent resident Canada. To know how to qualify, proceed to the following:
- Must be of legal age
- Must have an active Canadian bank account
- Must have a steady source of income with proof of bank statements, pay stubs, etc.
- Government-issued IDs must be available
- Complete pre-authorized debit forms
- No bankruptcies in the past
How to apply for Money Mart loans?
The application process for Money Mart Payday Loans is completely online and easy. There are no forms to fill out and no waiting in line. To apply for a payday loan, all you have to do is fill out the application form. To start your application, you need to answer a few questions about yourself. This includes your name, address, and how much you need the loan for. From there, you’ll need to enter your bank account information. You’ll also need to answer a few questions about your credit history.
Once you filled out the form, submit it to the company and wait for a confirmation in regards to the approval of your application. Assuming that they approved your application, make sure the you review the terms and conditions of the loan before signing the contract. Finally, the funds will be released on your account.
Final thoughts
If you’re lucky, you’ll have a payday loan to pay for that emergency car repair or that trip to the emergency room, or maybe even to help you get through a rough patch. But if you can’t find a payday loan today, you’ll have to wait until tomorrow and borrow from someone else to get that cash you need. And that could mean a worse situation for you. Payday loans are an emergency option for those who really need them.
Indeed, there are many benefits of Money Mart loans. These loans offer you a lower interest rate to help you gain your financial freedom. Money Mart loans are available to everyone. You can even get a loan while you’re on vacation. It’s crucial to plan ahead and know your options. Knowing what you need and want in advance will make your life much easier.