Line of Credit

By your side and here when you need it, for the short and long term.

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Cash Money Line of Credit

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What is a Line of Credit?

A line of credit is a flexible way to borrow. Apply once and borrow within your comfort zone, up to your loan limit. Funds are available on an ongoing basis, and the loan stays open as long as you need. Borrow, pay back, and borrow again. You pay interest only on funds you use.

Get $$ as needed


Ongoing access to a credit
limit up to $10,000


Pay interest only on
funds used


Why Use a Personal Line of Credit?

For bumps in your financial road, a personal line of credit could help bridge the gaps.

Line of Credit Loan for major home expenseMajor home expense
Line of Credit Loan for broken down carBroken-down car
Line of Credit Loan for sick puppySick puppy
Line of Credit Loan for irregular icomeIrregular income

How is a Line of Credit different from a Payday Loan?

Both line of credit and payday loans are high-cost loans that could help in an emergency. A payday loan provides a small amount of money to pay back on your next payday. With a line of credit, you apply once and have continuous access to funds.

Line of Credit

  • Ongoing access to a credit limit up to $10,000.

  • Has an "open-ended" term, which means it stays open as long as you are using it. Your loan will only be closed at your request or if you don't use it for one full year.

  • Loans accrue daily interest on the outstanding principal balance.

  • You can access money (up to your credit limit) without having to reapply.

Payday Loan

  • One-time loan amount up to $1,500.

  • The loan term depends on your next payday. Terms can range from 7 – 30 days.

  • Cost a flat fee for the amount borrowed.

  • If you need more money you have to apply for a new loan.

Learn Morelearn more

How it Works

1

Apply

Apply online, in-store, or give us a call at 1-877-526-6639.

2

Verify Income
Provide documentation to verify your income. EI and disability are accepted.

3

Get a Decision & Sign Documents
Receive a fast lending decision and sign your loan agreement, if approved.

4

Get Funded
Choose the amount you would like to withdraw initially (up to your approved credit limit) and get your cash.

5

Make Payments

Make payments as outlined in your loan agreement (typically due around your paydays).


Pro Tip: Make payments early to save on interest paid.

6

Access More Funds
Receive money at any time with additional cash advances up to your credit limit.

What Do I Need to Apply?

  • cash money application check markAge 18 or older
  • cash money application check markValid ID
  • cash money application check markSteady source of income
  • cash money application check markOpen chequing account
  • cash money application check markPhone number
apply for personal line of credit

Satisfied Customers


Common Line of
Credit Questions

It depends on your needs. If you need a small sum of money to get you by until you get paid, a payday loan is probably the loan for you. If you need a larger amount of money or ongoing access to money, then a line of credit is probably a better fit.
As often as you need! As long as you have available credit and have been keeping up with your scheduled payments, you can borrow up to your credit limit. Keep in mind if your account has a $0 balance and inactivity for a full year, it will be closed, but you can always apply for a new loan later if needed.
To make life easier, you can enroll in automatic payments. If you don’t want to do automatic payments, then you can manually make payments in-store, online, or over the phone. Friendly reminder: if payment is not made on time (by the close of business on your due date), your account may be sent to collections.

We're proud to offer loans to Canadians with various credit scores. Your credit score is only one of many factors we consider when processing applications.

Is a Line of Credit Right for You?

Check out our FAQs page for more resources.

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© 1992 - 2022 All Rights Reserved. Cash Money • 400 Carlingview Drive - Toronto, Ontario, Canada M9W 5X9

Loan availability and loan amounts vary by location.
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%. $300 for $20 promotional rate - 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 $21 per $100 borrowed. We charge $21 per each $100 borrowed. On a $300 loan for 14 days, the total cost of borrowing is $63, with a total payback amount of $363 and an APR of 547.50%. $300 for $20 promotional rate - 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%.
Nova Scotia Residents: The cost of borrowing is $19.00 per $100 on a $300 loan for 14 days (495.36% APR). $300 for $20 promotional rate - 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%. $300 for $20 promotional rate - 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%. $300 for $20 promotional rate - 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%.
Installment Loans/Lines of Credit: Loan minimum of $100 to a maximum of $10,000, based on a completed application, net pay and other qualification requirements, and customer verification including a credit check. Installment loan terms are from 6 months to 60 months and are based on the amount borrowed. 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%.
Lending decisions and funding times subject to system limitations. Opt+ instant funding is only available for existing Opt+ cardholders (sold separately), and is not available to payday loan borrowers in British Columbia.
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.
Opt+: This card is issued by PACE Savings & Credit Union Limited pursuant to license by Mastercard™ International. Use of this card is governed by the agreement under which it is issued. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Tap & Go is a trademark of Mastercard International Incorporated. Data rates may apply. Card funds are not insured by Canada Deposit Insurance Corporation or any other government deposit insurer or agency.
Lending decisions and funding times subject to system limitations.
15-minute funding available only when using Interac e-Transfer®. Subject to bank processing and system limitations. Interac e-Transfer® can be used to transfer funds up to $10,000. Interac® and the Interac design are registered trademarks of Interac Inc.
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.
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