Help Center

Select a Topic

Open Menu Icon
Help Center>

Line of Credit Loans

Line of Credit Loans

Simply put, a line of credit is a personal loan that gives you the freedom to borrow what you need, when you need it. If you’re approved for a line of credit, then we will give you a credit limit. You have the flexibility to borrow any amount at any time, up to your limit.

A line of credit loan puts you in control of how you borrow. If approved, you may choose to borrow the full amount or use as much or as little of your loan funds, when and if you need them. Here’s an overview of how the process works:

  • 1. Complete an application online, over the phone or at a store
  • 2. Verify your income
  • 3. Receive a lending decision
  • 4. Get your cash
  • 5. Make scheduled loan payments (you can make additional payments if you’d like to save in interest)
  • 6. Access available credit by getting additional cash advances (up to your credit limit)

The biggest difference between a line of credit and other Cash Money loans is that if you need more money, you don’t have to apply for a new loan. As long as you have credit available, you can access the money you need.

To apply for a line of credit loan, you will need to be at least 18 years old and have the following:

  • Valid ID
  • Steady source of income
  • Open chequing account

Cash Money offers 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. As we like to say, just call, click or come in! Visit your province’s loans page to see if line of credit loans are available where you live.

Yes, Cash Money offers an online personal loan application so you can apply for a line of credit whether you’re at home, in the office, or on the go. The online process can be completed in about 10 minutes, and upon submitting your application, we will provide you with an instant lending decision.

With a line of credit, interest is only charged on the amount you borrow, for the length of time you use it. Cash Money recommends only borrowing what you need at the time to keep your interest as low as possible.

A line of credit loan gives you the freedom to access money whenever you need it. If you're approved for $300 but only need $100 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 maximum credit limit.

If you have credit available on your loan, then you can get a cash advance by visiting a branch or signing into your account online or via the Cash Money mobile app.

Cash Money offers a loan protection plan that provides insurance on your line of credit. 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.

Still have questions?

Contact one of our loan specialists at 1-877-526-6639

  • FAQs
  • Cash Money Cares
  • Careers
  • Find a Store Near Me
  • Contact Us

© 1992 - 2024 All Rights Reserved. Cash Money

Loan availability and loan amounts vary by location. Cash-based services such as cheque cashing, money orders, money transfers, the ability to pick up cash or make a payment with cash at the store vary by location in Alberta and New Brunswick. Visit the store finder page at www.cashmoney.ca/find-a-store for each store’s list of services.
Payday Loans are high cost loans. Loan amounts are subject to net pay and other qualification requirements. Promotional rates not available in Alberta, Manitoba or New Brunswick.
British Columbia Residents: The maximum charges permitted in British Columbia for a Payday Loan is 15% of the principal. We charge $15 per $100 borrowed. On a $300 loan for 14 days, the total cost of borrowing is $45, with a total payback amount of $345 and an APR of 391.07%. The $300 for $20 promotional rate is only available in select BC locations: Under this offer, on a $300 loan for 14 days, the cost of borrowing is $20, with a total payback amount of $320 and an APR of 173.81%. BC Licence #50066.
Manitoba Residents: The maximum allowable charge for a payday loan is 17% of the principal amount of the loan. We charge $17 per each $100 loaned. Sample loan on a $300 loan for 12 days, the cost of borrowing is $51, the total that must be repaid is $351 and an APR of 517.08%. To learn more about your rights as a payday loan borrower, contact the Consumer Protection Office at 1-204-945-3800, 1-800-782-0067 or at https://www.gov.mb.ca/cp/cpo/.
Newfoundland Residents: The maximum allowable cost of borrowing under payday loan agreements in Newfoundland and Labrador is $14 per $100 borrowed. We charge $14 per each $100 borrowed. On a $300 loan for 14 days, the total cost of borrowing is $42, with a total payback amount of $342 and an APR of 365.00%. The $300 for $20 promotional rate is only available in-store: Under this offer, on a $300 loan for 14 days, the cost of borrowing is $20, with a total payback amount of $320 and an APR of 173.81%. Licence #21-23-CA291-1.
Nova Scotia Residents: The cost of borrowing is $15.00 per $100 on a $300 loan for 14 days (391.07% APR). The $300 for $20 promotional rate is only available in-store: Under this offer, the cost of borrowing is $6.67 per $100 on a $300 loan for 14 days (173.81% APR).
Ontario Residents: The maximum allowable cost of borrowing per $100 borrowed in Ontario is $15. We charge $15 per $100 borrowed. On a $500 loan for 14 days, the cost of borrowing is $75, with a total repayment amount of $575 and an APR of 391.07%. The $300 for $20 promotional rate is only available in select ON locations: Under this offer, on a $500 loan for 14 days, we charge $6.67 per $100 on the first $300 borrowed and then $15 per $100 on the additional $200 borrowed, with a total cost of borrowing of $50, at total repayment amount of $550 and an APR of 260.71%.
Saskatchewan Residents: The maximum allowable cost of borrowing under payday loan agreements in Saskatchewan is $17 per $100 borrowed. We charge $17 per each $100 borrowed. On a $300 loan for 14 days, the total cost of borrowing is $51, with a total payback amount of $351 and an APR of 443.21%. The $300 for $20 promotional rate is only available in-store: Under this offer, the maximum allowable cost of borrowing under payday loan agreements in Saskatchewan is $17 per $100 borrowed. Under this offer, on a $300 loan for 14 days, the total cost of borrowing is $20, with a total payback amount of $320 and an APR of 173.81%.
Lines of Credit: Loan maximum of $10,000, based on a completed application, net pay and other qualification requirements, and customer verification including a credit check. Payments are due on scheduled income deposits. Cash Money offers personal loans and is not a credit repair service. APR/Annual Interest Rate 46.93%. BC Licence #83707
Auto Equity Loan: Loan maximum of $10,000. APR/Annual Interest Rate 34.99% - 46.93% based on a completed application, net pay and other qualification requirements, and customer verification including a credit check. Security search and lien fee is $50. Payments are due on scheduled income deposits. Cash Money offers personal loans and is not a credit repair service.
Lending decisions and funding times subject to system limitations.
Loan Protection: Must be 18 years of age or older, and under 70 years of age to be eligible. The optional Loan Protection Plan is a Credit Group Insurance Plan Underwritten by Canadian Premier Life Insurance Company and Canadian Premier General Insurance Company.
Western Union® and the Western Union® logo are registered trademarks of Western Union® Holdings, Inc.
15-minute funding available only when using Interac e-Transfer® (up to $10,000). Payments and funding via Interac e-Transfer subject to bank processing times, bank participation and system limitations, including daily send limits. Interac e-Transfer is a registered trade-mark and the Interac logo is a trade-mark of Interac Corp. Used under licence.
Google Play is a trademark of Google Inc. Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc. Data rates may apply.