Cash Money Loan Application Guide

Applying for a loan can be overwhelming if you don’t know the process or what to expect. At Cash Money, we strive to be as transparent as possible and give you the information you need to make an informed decision. That’s why we created this personal loan guide to lead you on your personal loan journey.

Could I use a loan?

That’s a great question, and not always one with an easy answer. Loan funds can be used for just about anything. Here are some common uses for an online loan or in-store cash loan.

• Surprise expenses – No one expects a dental emergency, plus the added costs that come with it. Appliances fail, pipes burst, and furnaces stop running. If you’re unfortunately dealt a card like these, a cash loan could help alleviate some of the financial burden.
• Important situations – Do you not have enough for this month’s essentials like rent, food, or utilities? Did sports payments or school fees sneak up on you? If you need quick cash to pay those bills, a fast loan could take care of those expenses.
• Pricey charges – Side-step Non-Sufficient Funds (NSF) or overdraft fees that can quickly add up by depositing loan funds to your chequing account.

What should I ask myself about a loan?

We make the loan process quick and convenient, but it’s still a big decision to borrow money. You’ll sign a contract that states you’ll pay back the borrowed funds. So, this isn’t a decision to take lightly.

Take into consideration:

• Will I have funds to pay this loan back?
• Will I have enough time to get money to make repayment?
• Could I borrow from friends or family instead?

What types of loans are offered?

If you find a loan will be beneficial to you, then check out the types of loans we have at Cash Money.

What is a Payday Loan?

This short-term loan offers a smaller amount of money that is to be repaid around your next payday or in about two weeks. You’ll pay the amount borrowed (principal) plus a flat fee.

What is a Line of Credit?

This flexible extension of credit sort of works like a credit card. You apply once, and if approved, you may borrow up to your loan limit. Pay back and borrow again since funds are available on an ongoing basis. And, you only pay interest on the funds you use.

Where can I get a loan near me?

Since Cash Money offers loans online, in-store, or by phone, you could conveniently apply for a loan almost anywhere! Apply from your computer, smart device, phone, or (if in-person is your style) at any of our branch locations. We have a great Customer Service team to aid you if you have questions on how to get a loan.

How do Cash Money loans work?

We’ve made applying for a loan as simple as possible. You can complete your application in minutes, receive a fast-lending decision, get your funds, and make payments in a streamlined process.

How do I apply for a loan?

Apply with ease in our online application. You’re also welcome to visit a branch or give us a call to apply.

1. Create a Cash Money account, fill out your application, and submit it with your personal, employer, and bank info.
2. Get an instant lending decision.
3. Select the amount you’d like to borrow, up to your approved limit.
4. Review and electronically sign your loan agreement.
5. Choose how you’d like to get your funds.

What do I need to get a loan?

It’s a good idea to gather all the information you need before you start your loan application process. Make sure you have the following details:

• Be at least 18 years old.
• Open chequing account in your name with the branch transit number, financial institution number, and bank account number.
• Proof of recurring income including gross/net income, pay cycle frequency, hire date, employer name, and employer phone number.
• Valid email address

When will I get my funds?

Depending on how you applied for your loan, there are a number of ways to receive your funds.

When you apply online or over the phone:

• You can choose Interac e-Transfer^®, you could receive your loan funds in as little as 15 minutes.
• We can direct deposit the loan money to your chequing account. This is done as soon as possible, but funding times vary by bank.
• You can go to a cash-participating branch location to pick up your money.

When you apply in a branch:

• You can get cash at that time if it’s a cash-participating location.
• Get your loan funds in as little as 15 minutes with Interac e-Transfer^® at a cash-participating or a Cashless branch location.

How do I repay my loan?

Depending on where you completed your loan application, there are a few options.

If you borrowed online:

Cash Money will select your automated repayment method based on the info you provide in your application. Though you can make a payment in a branch, remember the payment must be made before your due date.

If you borrowed in a branch:

Cash Money will use autopay to attempt repayment on your due date through a pre-authorized debit (EFT) from your bank account. If you’d like to make an in-store payment, you’ll have until up to the time the payment is processed on your established due date.

Can I have more than one loan at a time?

Although multiple concurrent Payday Loans and Lines of Credit are not permitted, we do allow Customers to have a Payday Loan and a Line of Credit at the same time.

Can I get a loan with bad credit?

Although your credit score is a factor we consider when dealing with loans, it is not the only detail that is important to us. We proudly offer loans to people who have various credit scores. Apply, and find out if we can help you!

Could we help you with a loan?

As you can see, a lot of elements build the foundation for a loan application. With Cash Money, you can rest assured we’re focused on the Customer and make the process as simple and fast as possible. So, do you have the need for a loan? Take what you’ve learned from our guide to apply for a Cash Money personal loan today!

Need more help?

If you have questions, please visit our FAQs page or contact our Customer Service team for specific answers.