Cash money loan Canada, Cash money loan interest rate, Cash money loan requirements, how to apply, Cash money Payday loan
We all came across some emergency situation when we need the money anyhow to get the problem fixed. Sometimes we are able to arrange from friends & family and sometimes not. What if I say you can get it easily through Cash Money? Yes, you heard it right. In this post, we will discuss How to Get an Instant Loan from CashMoney Online | Cash Money Loan?
| Loan App Name | CashMoney |
| Loan Amount | $50 – $10000 |
| Loan Tenure | 6 to 60 months |
It is one of the best options to get a payday loan, personal loan, Installment loan, etc.
You will learn various types of loans offered by CashMoney in detail, its requirement, features & benefits, etc.
A lot to know a lot to discuss Cash Money. let’s start…
Contents
What is CashMoney?
Due to advancements in digital technology getting loans is getting easier. CashMoney is one step ahead in providing financial solutions by offering various types of loans.
CashMoney is a digital platform that offers various loans like Installment Loans, Instant Payday Loans, Line of Credit Loans, Personal Loans, etc.
CashMoney is a safe short-term loan and long-term loan direct lender that makes it easy for Canadians to borrow money online in minutes.
It provides fast, easy, immediate same-day loans that can be credited to your bank account in an hour or less.
It is a legitimate Canadian lender that provides loans online to Canadians in Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Ontario, Saskatchewan, and Nova Scotia.
It is a member of the Canadian Consumer Finance Association (CCFA) member hence committed to providing the best possible loan experience.
Features & Benefits of CashMoney
You can find below the main features & benefits of CashMoney.
- You can apply for a loan at CashMoney both online and Offline.
- It provides both short term and long term loan.
- CashMoney has their own stores where you can get every loan in cash.
- Most loans are processed and paid within 10 minutes or less. receive funds within 15 mins with e-transfer or pick up your cash at CashMoney Store.
- It offers cash loans from $50 – $10000. (Payday loans up to $1500 ,personal loan & Installment loan up to $10000).
- Quick and easy online application. No documentation is required if applying online.
- Get approved for a loan 365 days a year, 24 / 7.
- It provides friendly customer service. customer service is available 7 days a week.
- Flexible term of Repayment ranging from 6 to 60 months depends on the borrowed amount.
Types of Loan Offered By CashMoney
There are various types of loans offered by CashMoney. check out the major ones listed below.
- 1. Cash Advance Loans
- 2. Personal Loans
We will discuss each loan in detail along with its requirement and process.
CashMoney Cash Advance Loan
It means a short-term loan that provides a lump sum, which you can then pay back in one or multiple installments.
It can cover your emergency situations or the expenses that can pop up from time to time.
In easy words we can say getting your salary to your account but not from the employer but from CashMoney.
CashMoney Provides 3 types of cash advances depending on the customer requirements.
- Payday Loans
- Installment Loans
- Line of Credit Loans
Let’s discuss each of the above three one by one.
CashMoney Payday Loan Online
A Payday is also called a Payday advance. It is a small short-term loan generally paid back around the time of your next paycheque.
A payday loan from Cash Money is a quick and easy way to get money when you’re having any financial emergency.
Get the amount that you need today and pay back the amount borrowed plus a flat fee on your next payday.
Payday loans offer from $50 to $1500.
Example: Let’s say your home is getting repaired and there is a major crack between the wall and the home repair person says it has to be repaired as soon as possible. Now there is an additional $500 that you were not expecting.
You’ve already had to pay for an emergency medical expense this month, and don’t have the money to cover this unexpected expense until payday.
A payday loan could be an option, which would allow you to borrow money from your next paycheque. You get cash and repair your cracked wall.
Cash Money Payday Loan Requirements
- Be 18 years old or older
- Valid photo ID
- Open and active bank account
- Steady source of income
- Active phone number
| Personal Information | Income Information | Bank Account Information |
|---|---|---|
| Valid ID Home address Valid phone number Email address | Pay cycle frequency Income type. Employer name, address & phone (if applicable) Net & gross income amounts | Chequing account, routing, and institution numbers. payday loan locations can also take a post-dated cheque |
Features of CashMoney Payday Loans
- Get $300 for $20 On Your First Payday Loan. You have to payback entire amount on your next Pay day.
- Get payday loan up to $1500 within 10 minutes.
- Apply for a payday loan through CashMoney App,choose e-transfer and get your funds in 15 mins.
- When you are applying for an Instant Payday loan, visit CashMoney Store and get cash within 10 mins. No paperwork is required as executive will verify your income and bank details online.
- You can collect cash at your nearest payday store after you sign your loan documents if you are applying on the go. just bring the confirmation number, valid Photo ID and collect Cash.
How Does a Cash Money Online Payday Loan Work?
The steps are pretty simple and easy. just follow the steps below mentioned.
- Create a Cash Money account with your details like contact, employment and bank account information.
- Submit your application and get an instant lending decision.
- If approved, select the amount of money you’d like to borrow.
- Review and electronically sign your loan documents online.
- Choose to pick up your funds at a Cash Money store, or get your funds transferred directly into your bank account within 15 mins.
How to Apply for CashMoney Payday Loan?
You can apply for a CashMoney loan using 3 methods.
Method 1: Applying Online
- Visit CashMoney Official Website or you can register and Login to the CashMobile App.
- On the next screen Select your Province and then click on the Next button.
- Next, Enter your valid email address, check the box terms & conditions, create your Password, Re-enter the password, select and answer security question and click on the button create your account.
- Follow the instructions further and apply for the CashMoney Payday Loan.
Method 2: Applying by Calling CashMoney Customer Care
- Call CashMoney Customer care number 1-877-526-6639.
- They will help you out to fill the application form.
Method 3: Apply in a CashMoney Store
Apply at a nearby Cash Money store in Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia, Ontario & Saskatchewan. Find a Store
CashMoney Payday Loan Fees & Charges
Loan availability and loan amounts vary by location. Check out the location details below along with fees.
The maximum loan amount can be up to $1500 for the below provinces. your loan payments will be scheduled on your next payday that falls between 5 and 40 days away.
| Provinces | Cost of Loan |
|---|---|
| British Columbia | $15 per $100 borrowed |
| Nova Scotia | $19 per $100 borrowed |
| Ontario | $15 per $100 borrowed |
| Saskatchewan | $17 per $100 borrowed |
How CashMoney Payday Loan Repayment Works?
At Cash Money, you can choose to pay in cash or by debit, or you can also pay through Cheque.
You too can pay your loan in cash at CashMoney Store.
CashMoney Installment Loan
This is the second type of Cash Advances loan offered by CashMoney. It allows you to pay back the loan amount in several payments rather than all at once.
Installment loans offer more money than payday loans and allow you to pay your principal and interest back over several payments, rather than all at once. Cash Money offers installment loans up to $10000.
With a Cash Money installment loan, you have the option to pay back your loan in full at any time, without penalties or fees. If an unexpected expense just came, don’t worry – a Cash Money loan can help you.
NOTE: Cash Money only offers installment loans in Alberta, Manitoba, and New Brunswick.
Cash Money Installment Loan Requirements
There are mainly four basic requirements to be eligible for a Cash Money loan.
- Be a Canadian citizen with a valid ID
- Be at least 18 years old
- Have a steady source of income
- Have an open and active bank account
Features of CashMoney Installment Loans
- Get a loan ranging from $500 to a maximum of $10000
- The loan can be borrowed for a duration of 6 to 60 months.
- You can apply loan online, in Store or by calling custmer care.
- You can receive your funds within 15 minutes or immediately pick your cash at Cash Money store.
- It provides loan protection facility by paying a little extra.
How to Apply for CashMoney Installment Loan?
You can apply for a CashMoney loan using 3 methods.
Method 1: Applying Online
- Visit CashMoney Official Website or you can register and Login to the CashMobile App.
- On the next screen Select your Province and then click on the Next button.
- Next, Enter your valid email address, check the box terms & conditions, create your Password, Re-enter the password, select and answer security question and click on the button create your account.
- Follow the instructions further and apply for the CashMoney Installment Loan.
Method 2: Applying by Calling CashMoney Customer Care
- Call CashMoney Customer care number 1-877-526-6639.
- They will help you out to fill the application form.
Method 3: Apply in a CashMoney Store
Apply at a nearby Cash Money store in Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia, Ontario & Saskatchewan. Find a Store
How Does a CashMoney Installment Loan Work?
- Apply: Complete the installment loan application process with the relevant documents as mentioned above.
- Lending Decission: Once the application process is completed Cashmoney will immediately process your application and provide you lending decission in a minutes.
- Sign Documents: If your loan amount is approved, select the loan amount, review it and sign your loan agreements.
- Get Cash: After signing the loan agreements, you will receive cash based on the mode you selected to apply loan. if you have applied online or by phone you have multiple option to get your cash.
- Repay Loan Over Time: Depending upon the repayment terms your repayment scheduled will be determined, and your loan principal and interest will be scheduled for payments in installments over time between 6 to 60 months.
With an installment loan you get your loan amount in a lump sum and make payments periodically (usually bi-weekly or monthly).
CashMoney Installment Loan Fees & Charges
You have to $60 Biweekly as a payment. 46.93% APR(Annual Percentage rate) on a $1,000 loan with a 12-month term.
How CashMoney Installment Loan Repayment Works?
If you took a loan online CashMoney will automatically process your payment from your bank account.
You can also make payments in a store, but payments in a store must be made before your due date if you got a loan online.
you can make a payment in a store. You will have the time until the close of business on your due date to make a payment.
If somehow you got extra money You can make additional payments at any time and you can pay off your loan early without any early pay-off penalties or fees.
What is Loan Protection in CashMoney Installment Loan?
It provides insurance on your availed installment loan. Loan protection covers your loan in the event that you are unable to meet your financial obligations due to unexpected events such as loss of life, critical illness, injury, or unemployment.
The cost of loan protection depends upon the amount of your loan payment. For example, a $3500 loan with monthly payments would cost $47.25 per payment for insurance.
CashMoney Line of Credit Loans
It is the third type of Cash advance loan. or you can say a line of credit loan is a flexible type of loan that allows you to get the full amount of your approved credit limit or just part of it.
You have to pay the interest-only for the amount and time you choose to borrow. you do not have to receive all the cash at one time since it will be available on an ongoing basis.
The loan stays open as long as you need it. Borrow, pay back, and borrow again if needed. And you only pay interest on the funds you use for the amount of your approved credit limit.
CashMoney Line of Credit Loans Requirements
There are mainly four basic requirements to be eligible for a Cash Money Line of Credit loan.
- Be a Canadian citizen with a valid ID
- Be at least 18 years old
- Have a steady source of income
- Have an open and chequing bank account
Features of CashMoney Line of Credit Loans
- Avail higher amount of Loan
- You will get longer term to repay the loan.
- It offers ongoing access to a credit limit loan up to $10000.
- You can access money (up to your credit limit) without reapplying. for example If you’re approved for $500 but only need $200 right now, you can borrow what you need and pay interest only on that amount. Then, if you need more money in the future, you can take additional cash advances to access the amount you need (up to your $500 credit limit)
How to Apply for CashMoney Line of Credit Loans
Cash Money offers a line of credit loans in select provinces. Depending on the province you reside in, you may be able to apply for a line of credit online, in stores, or over the phone.
Visit your province’s loans page to see if the line of credit loans is available where you live.
You can apply for a CashMoney loan using 3 methods.
Method 1: Applying Online
- Visit CashMoney Official Website or you can register and Login to the CashMobile App.
- On the next screen Select your Province and then click on the Next button. If the loan is getting provided in your province proceed further.
- Next, Enter your valid email address, check the box terms & conditions, create your Password, Re-enter the password, select and answer security question and click on the button create your account.
- Follow the instructions further and apply for the CashMoney Line of Credit Loans.
Method 2: Applying by Calling CashMoney Customer Care
- Call CashMoney Customer care number 1-877-526-6639.
- They will help you out to fill the application form.
Method 3: Apply in a CashMoney Store
Apply at a nearby Cash Money store. Find a Store
How Does a CashMoney Line of Credit Loans Work?
- Apply: Complete the Line of Credit loans application process with the relevant documents as mentioned above by visiting store, online or by Phone call.
- Document Verification: Provide document to verify your income.
- Lending Decision: Once the application process is completed Cashmoney will immediately process your application and provide you lending decision in a minutes.
- Sign Documents: If your loan amount is approved, select the loan amount, review it and sign your loan agreements.
- Get Cash: After signing the loan agreements, Choose the amount you would like to withdraw initially (up to your approved credit limit) and get your cash.
- Repay Loan Over Time: Make the repayment as per your loan agreement (around due date).
- Need More Money: Receive money at any time with additional cash advances up to your credit limit.
CashMoney Line of Credit Loans Interest & Fees
Line of credit loans accrues daily interest on the outstanding principal balance.
How CashMoney Line of Credit Loan Repayment Works?
You have the option of choosing automatic payments. If you chose this option CashMoney will automatically process your payment from your bank account.
Also If you choose the automatic option, Cash money will send the reminder the morning of every due date.
You can also make payments in a store, but payments in a store must be made before your due date.
NOTE: If payment is not made on time then your account may be sent to collections.
How to Contact CashMoney Customer Care Service Department
| Customer Service Facility | Number/Address/Email |
|---|---|
| Phone Number | 877-526-6639 |
| FAX Number | 855-493-8101 |
| Email ID | CustomerService@CashMoney.ca |
| Any Suspicious Activity | 1844 703 0996 |
| Mailing Address | Cash Money Online Customer Service 400 Carlingview Drive Toronto, Ontario, Canada M9W 5X9 |
Conclusion
In this article, we have discussed How to Get an Instant Loan from CashMoney Online | Cash Money Loan.
Cash Money is a great loan financial solution provider. It has every type of loan for individuals ranging from a Payday loan to Line of credit loans.
You can apply for a loan with Cash money by visiting the CashMoney store, Online through Mobile App or Website, or by calling Customer Care.
Read Also
- iCash Loan App Reviews | How to Apply for iCash Instant Loan
- Consumer Capital Canada Reviews | How to Apply for a Personal Loan with Consumer Capital Canada
- What is Cash Money Loan Insurance | Cash Money Loan Protection
FAQs
a. Apply Online
b. Apply by calling 1-877-526-6639
c. Apply in a CashMoney store
Cash Money online payday loans range from $100 – $1500. however, it also depends on the province you reside.
If you are filling out your application online or over the phone, you can submit a copy of your bank statement to the Cash money Customer Service Team at CustomerService@CashMoney.ca
Else you can FAX your documents to 1-855-493-8101.
You could get a decision the same day you apply if all required information has been submitted.
your credit score is only one of many factors which are considered when processing applications.
