Key facts about Money Mart
- Loan type
- Payday loan
- Cost per $100 borrowed
- $14
- Repay on a $500 loan
- $570
- Rate / cost disclosure
- $14 per $100 borrowed; about 365% as an annual rate on a 14-day loan
- Maximum loan amount
- $1,500
- Typical loan term
- 1 to 62 days
- Funding speed (lender’s statement)
- Cash in store; online loans often within an hour (reported)
- Credit-check policy
- Reported as no credit check for payday loans
- How to apply
- Online or in store
- Service type
- Both
- Provinces served
- Alberta, British Columbia, Manitoba, Nova Scotia, Ontario, Prince Edward Island, Saskatchewan
- Head office / service area
- More than 360 locations across Canada
Is Money Mart licensed?
| Province | Licence number | Status | Last checked | Verify |
|---|---|---|---|---|
| British Columbia | 49839 (branches), 62477 (online) | Published by lender | November 14, 2026 | Consumer Protection BC |
| Ontario | 4716137 | Published by lender | November 14, 2026 | Consumer Protection Ontario (Ministry of Public and Business Service Delivery) |
Registries change daily. Confirm the licence yourself before you borrow.
What stands out
- Largest branch network in the country
- Cash available on the spot in store
- No charge for repaying early
What to watch
- Maximum legal cost
- Minimum income rules vary by province
- Stores also promote other high-cost products
Who is Money Mart?
Founded in Edmonton in 1982, Money Mart is the name most Canadians picture when they think of a payday loan store. It has more than 360 locations and also lends online. Its payday product is sold in Alberta, BC, Manitoba, Nova Scotia, Ontario, PEI and Saskatchewan, and it offers instalment loans, cheque cashing and money transfers under the same roof.
Who is Money Mart suited to?
The obvious pick if you want to walk in and leave with cash. Minimum net-pay rules apply and differ by province, so ask before you apply.
Can you cancel?
Provincial law gives you a short cooling-off period to cancel a payday loan at no cost — two business days in Ontario, British Columbia and Alberta.
What if a payment fails?
A returned payment can trigger a one-time lender fee, and your bank may add its own NSF charge. Check the agreement for the exact amounts.
Sources
Editorial review completed November 14, 2026. Ratings are our opinion, not customer reviews — see the Editorial Policy.