Money Mart Payday Boost
Get your first $300 payday loan with no interest or fees for 14 days. Instant approval, easy online application, and funds in as fast as 15 minutes.
Money Mart offers an attractive Payday Boost loan product in Canada, allowing first-time borrowers to access their first $300 interest-free for 14 days. There are no fees during this period, making it a smart option for anyone who needs fast cash for emergencies or short-term needs.
The standard APR for Money Mart loans ranges between 34.56% and 34.95%, with payday loans available from $100 to $1,500. The application does not impact your credit score, and you can get a decision instantly. Cash is sent the same day, often within minutes or hours, and is repaid on your next payday for short terms or up to 84 months for installment loans.
How to Apply: Step-by-Step
- Start your application online or visit a branch location.
- Complete the quick eligibility check—this won’t affect your credit score.
- Choose your preferred funding method and provide basic financial information.
- Get instant approval and receive your funds in as little as 15 minutes.
- Repay the borrowed amount on your next payday or based on your agreed schedule.
Pros of Money Mart Payday Boost
The biggest advantage is the interest-free offer on your first $300, perfect for sudden expenses. Approval is very quick, and most applications take just minutes to complete.
Eligibility checking has no effect on your credit score, and loan amounts are flexible within the $100 to $1,500 range. Funds can be accessed via e-Transfer, cash, or direct deposit for convenience.
Cons of Money Mart Payday Boost
High APR rates apply after the initial $300 or beyond the first 14 days, so ongoing borrowing is expensive. These loans are best for short-term, urgent needs—not for long-term borrowing.
Loan amounts above the introductory $300 or additional loans will attract higher interest rates. This isn’t ideal if you need larger sums or long repayment terms due to cumulative costs.
Final Verdict
Money Mart’s Payday Boost is an excellent solution if you need a small amount of fast cash and can repay it quickly—especially as a first-time customer thanks to the interest-free $300 offer. However, for larger or repeated borrowing, compare the costs before deciding.
