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Cash Money Personal Loans Product Review
12 Sep 2018

Cash Money Personal Loans

Financial difficulties and pressure can be a source of stress for anyone. It may as well be difficult to source a loan in order to settle your financial obligations. You, therefore, need some help in order to source a loan that can settle your bills and other financial needs as fast and as easy as possible. Cash Money is the financial institution for you in such situations.

Cash Money personal loans are affordable and a better means to solve your short-term and emergency financial needs.

You are interested if

You are in need of instant cash and you cannot wait until you receive your end of month salary. You are a Canadian resident over the age of eighteen and if you have either good or bad credit score.


Key Points

Brief Description Cash Money is a firm that provides loan which gives you financial support to overcome a difficulty. It frees you from worry of not having collateral as you can get unsecured loans.
Limits and Deadlines Ranges between $50 to $50,000.

Can be paid within up to 24 months depending on the amount borrowed.

Urgency The loans can be received within 2 hours or instantly when approved at a cash money store.
APR Range Depending on your situation, the rates can range between 4% and 56.50%.
Closing/Origination Fees Depending on the amount borrowed, an origination fee may be applied.
Early Payment Fees There is no information in regards to early payment.
How to Contract the Product The loan can be accessed online website, make calls or visiting a cash money store.
Main requirements Applicants must have attained the age of 18 years, proof of recurring income, and a working phone number.

An active bank account is another requirement.

About Cash Money personal loans

Main features

Personal loans are essential when it comes to eliminating the barrier that stands between you and your investment. Here is all you need to know about Cash money personal loans. Cash Money loans are easy to acquire simply because you are not required to provide collateral. The better part of it is that for the provinces where online lending is acceptable, you can complete the entire application process in the comfort of your home. Cash money loans have a quick turnaround time where you receive funds in as little as two hours or immediately on approval when applying at a Cash Money store. On payment, you can authorize direct repayments from your bank account on the agreed dates which will save you the worries of late repayments. Cash money loans have flexible terms of payment and do not require a minimum credit score.

Advantages of Cash Money personal loans

Below are the main advantages of taking personal loans from Cash Money

  • Convenience- Cash Money personal loans are convenient as they provide flexible terms. The best part about them is that you can easily get access to one within as little time as two ours of borrowing.
  • Simplified qualification- Cash Money only requires you to be of legal age, own a bank account and have a consistent source of money.
  • Instant cash- Cash Money personal loans provide you with quick cash whenever you need it.
  • Flexibility- They do not have a dictation on how you should spend the money you borrow, provided you will meet the requirements.
  • Favorable payment terms- They offer you a flexible procedure that makes your payment easy. This gives you peace of mind and confidence in your capabilities of paying the loan.

Drawbacks of personal loans

It is important for any applicant of personal loans to understand some of the disadvantages associated with these kinds of loan. It will also save you from unexpected and unpleasant surprises. Here are some disadvantages of personal loans.

  • Low amounts- Since the loans have no collateral attached to them, you are only offered comparatively low amounts to minimize the risks of default.
  • High-interest rates- Personal loans, in general, are offered at higher interest rates than some other loans. This is because these loans are unsecured and therefore regarded as high risk. The higher rates are used to offset the risks.
  • Qualification- You need to meet the requirements mentioned earlier on for you to qualify to receive the loan. Your financial profile might have many unpleasant marks that may hinder your qualification for a loan. This is to save the risks of you being a defaulter.

How does it work?

As mentioned earlier, for you to be eligible for a Cash Money personal loan, you need to show your ID, evidence that you are 18 years or older, provide proof that you have a recurring income, and present a working phone number. If you have all the above, you will then be required to complete an application which typically asks for your online banking details. These details include your financial institution’s name, bank account number and your branch transit number. Other than that, you will be required to provide personal details which include your name. address, email address, and your phone number. The application also requires you to provide proof of your recurring income. The proof of recurring income can be your annual income, the name of the employer, their phone number, and pay cycle frequency.

It is important to note that online applications receive quick responses. In case of an INTERAC e-Transfer, you can receive your funds as soon as 2 hours on application if your application is approved. However, it is important to know that bank transfers are subject to bank funding times and system limitations. Other than the funds being transferred to your bank account, you can receive them in cash but only for a loan that does not exceed $10,000. Cash Money personal loan amounts vary from one province to another.

The following fees apply depending on the type of personal loan applied for;

  • Origination fee- You pay this fee for taking the loan product.
  • Application fee- This is the fee charged for accepting your application.
  • Check processing fee- This is charged if you make the payment by cheque.
  • Prepayment fee- This is charged since if you pay fast, your interest rate goes down.
  • Late payment fee- This may be a penalty for paying back the loan late than agreed.

For loan repayments, you can authorize that Cash Money be receiving the agreed amount directly from your bank account. You can also opt to pay the money in person without having to give a third party access to your bank account. Failure to pay the loan within the specified time may result in several consequences. Some of these include attracts penalties that vary depending on your province and the amount of loan you requested, your credit score may be affected, and the loan may also be forwarded to a third party.


Cash Money personal loans are affordable and a better means to solve your short-term and emergency financial needs. The fact that they do not check your credit score when availing the funds to you makes them the ideal lender especially if you have a bad financial credit score. The application process and the approval takes less than 2 hours, therefore, the number one to go to lender when in need of instant cash.

Cash Money: Way to go when in need of instant cash

Cash Money is one of the leading lenders in Canada. This is a company that offers their services online and through in-person approach across Canada. Cash money personal loans range from between $50 to $10,000. Cash money personal loans include quick money for payday loans, the line of credit loans and even installment loans. For payday, Cash Money offers loans to a maximum of $1,500 and for the line of credit loans and the installment loan, a maximum of $10,000.

Applying for Cash Money personal loan is easy and fast, through a phone call, visiting one of their stores across the country or online. The best part about borrowing from them is that you can receive the money within two hours once your application is approved. Cash Money is a company that has helped a huge population of Canadians to achieve their financial freedom. They have continued to do so through product diversification and provision of affordable loans.

What we think

Cash Money personal loans are an ideal source of quick cash. Their terms are conducive and not forgetting their quick turnaround time. If you are in need of quick cash, within the shortest time, Cash Money personal loans are the ideal product for you.

Personal loans can be a solution to many of your fast cash needs.  We at Bonsai Finance help you to get lenders who can offer you bet cash personal loans with easy processes and urgent services. The next time you need a cash loan anywhere in Canada, do not hesitate to approach us for a reliable and quality service.