--- title: Installment Loans – Online – Canada | Money Mart description: Get an easy Installment Loan online in Canada. Get approved for $500 to $15,000 in minutes with no hidden fees. Apply online today! --- Installment Loan ## Manage your large expenses. Borrow up to $25,000, instantly* Check your eligibility with no impact to your credit score. Get approved instantly.* [Apply now ](http://www.moneymart.ca/quick-apply?loanType=IL) ![Cash your cheque](https://8982895.fs1.hubspotusercontent-na1.net/hubfs/8982895/raw_assets/public/mmca-prod/images/il-page/IL_Lifestyle.png) ### Fast access to money — on your terms When you need a large amount of money quickly, apply for an Installment Loan online or in store. Get approved in minutes for up to $25,000. Perfect for car or auto repairs, unexpected emergencies or debt consolidation. ![Online Apply](https://8982895.fs1.hubspotusercontent-na1.net/hubfs/8982895/raw_assets/public/mmca-prod/images/il-page/icon/online-apply.svg) Easy Online Application Find out whether you’re eligible for an Installment Loan in just a few clicks. **It won't affect your credit score**, and your information is secure. ![No Fee](https://8982895.fs1.hubspotusercontent-na1.net/hubfs/8982895/raw_assets/public/mmca-prod/images/il-page/icon/no-fee.svg) No Hidden Fees See exactly how much you’ll pay — no additional charges. ![Refound](https://8982895.fs1.hubspotusercontent-na1.net/hubfs/8982895/raw_assets/public/mmca-prod/images/il-page/icon/refound.svg) Flexible Repayment Options Choose 6 to 84 months term, repay any time penalty-free. ![Protect](https://8982895.fs1.hubspotusercontent-na1.net/hubfs/8982895/raw_assets/public/mmca-prod/images/il-page/icon/protect.svg) Loan Protection Plan*** Get peace of mind in case of job loss or illness. ### Breathe easier, knowing you’re protected **Choose to enroll in the optional Loan Protection Plan***** when you apply for an Installment Loan. It could provide: ![](https://8982895.fs1.hubspotusercontent-na1.net/hubfs/8982895/raw_assets/public/mmca-prod/images/il-page/icon/Monthly_benefits.svg) Monthly benefits Payments made for up to 12 months in the event of **Injury, Sickness, Involuntary Unemployment.** Payments made for up to 3 months in the event of **Unpaid family leave** or **lifetime milestone****. ![](https://8982895.fs1.hubspotusercontent-na1.net/hubfs/8982895/raw_assets/public/mmca-prod/images/il-page/icon/Balance_Paid_Off.svg) Balance Paid Off Up to the Outstanding amount remaining on your Installment Loan in the event of **Death** or **Critical Illness.** ![](https://8982895.fs1.hubspotusercontent-na1.net/hubfs/8982895/raw_assets/public/mmca-prod/images/il-page/icon/It_could_really_help.svg) It could really help Enjoy peace of mind, knowing you and your family are protected in the event of a serious disruption to your income. *The optional Loan Protection Plan is a Credit Group Insurance Plan underwritten by Canadian Premier Life Insurance Company and Canadian Premier General Insurance Company. **The benefit structure shown is applicable only to loans enrolled in the Optional Loan Protection Plan on or after April 8, 2025. Loans enrolled prior to this date follow the benefit structure of the policy in force at the time. **You're eligible if,** you’re a resident of Canada, you agree to the terms and conditions of the loan agreement, and you’re under the age of 70. ### Get your loan money in minutes Once you’re approved for your Installment Loan and sign the documents, you can get your money in just a few minutes. Choose from: ![✓](https://8982895.fs1.hubspotusercontent-na1.net/hubfs/8982895/mmca-home-placeholder/icons/Checkmark.svg "✓") Instant Funding: 15 minutes ![✓](https://8982895.fs1.hubspotusercontent-na1.net/hubfs/8982895/mmca-home-placeholder/icons/Checkmark.svg "✓") Interac e-Transfer®: in as soon as 24 hours, excluding weekends ![✓](https://8982895.fs1.hubspotusercontent-na1.net/hubfs/8982895/mmca-home-placeholder/icons/Checkmark.svg "✓") Direct Deposit: 1-2 business days ![](https://8982895.fs1.hubspotusercontent-na1.net/hubfs/8982895/raw_assets/public/mmca-prod/images/il-page/il-img1.png) ![](https://8982895.fs1.hubspotusercontent-na1.net/hubfs/8982895/raw_assets/public/mmca-prod/images/il-page/il-img2.png) ### Who can apply for an Installment Loan? You can apply for an Installment Loan online or in store if you: ![✓](https://8982895.fs1.hubspotusercontent-na1.net/hubfs/8982895/mmca-home-placeholder/icons/Checkmark.svg "✓") Are 19 years of age with valid ID ![✓](https://8982895.fs1.hubspotusercontent-na1.net/hubfs/8982895/mmca-home-placeholder/icons/Checkmark.svg "✓") Have a chequing account ![✓](https://8982895.fs1.hubspotusercontent-na1.net/hubfs/8982895/mmca-home-placeholder/icons/Checkmark.svg "✓") Have a steady source of verifiable income [APPLY NOW](http://www.moneymart.ca/quick-apply?loanType=IL) Apply for an Installment Loan online ### How much money do you need today? Specify between **$500** to **$25,000** $500 $25,000 Results showing for: Alberta British Columbia Manitoba New Brunswick Nova Scotia Ontario Prince Edward Island Saskatchewan ![⌄](https://8982895.fs1.hubspotusercontent-na1.net/hubfs/8982895/raw_assets/public/mmca-prod/images/shared/dropdown-arrow.svg) Payment Frequency Weekly Bi-Weekly Monthly Bi-Monthly ![⌄](https://8982895.fs1.hubspotusercontent-na1.net/hubfs/8982895/raw_assets/public/mmca-prod/images/shared/dropdown-arrow.svg) Term 6 Months 12 Months 18 Months 24 Months 36 Months 48 Months 60 Months 72 Months 84 Months ![⌄](https://8982895.fs1.hubspotusercontent-na1.net/hubfs/8982895/raw_assets/public/mmca-prod/images/shared/dropdown-arrow.svg) Estimated monthly loan payment $417.74* Optional Loan Protection Plan payment $417.74* Fee $18.00 Total Repaid $524.94 *APR is between 34.56% and 34.95%. Full loan details ![✓](https://8982895.fs1.hubspotusercontent-na1.net/hubfs/8982895/mmca-home-placeholder/icons/Checkmark.svg "✓") In 2 hours with Interac e-Transfer® ![✓](https://8982895.fs1.hubspotusercontent-na1.net/hubfs/8982895/mmca-home-placeholder/icons/Checkmark.svg "✓") Flexible repayment terms ![✓](https://8982895.fs1.hubspotusercontent-na1.net/hubfs/8982895/mmca-home-placeholder/icons/Checkmark.svg "✓") No hidden fees ![✓](https://8982895.fs1.hubspotusercontent-na1.net/hubfs/8982895/mmca-home-placeholder/icons/Checkmark.svg "✓") In 2 hours with Interac e-Transfer® ![✓](https://8982895.fs1.hubspotusercontent-na1.net/hubfs/8982895/mmca-home-placeholder/icons/Checkmark.svg "✓") 1 to 62 days payback ![✓](https://8982895.fs1.hubspotusercontent-na1.net/hubfs/8982895/mmca-home-placeholder/icons/Checkmark.svg "✓") No hidden fees [APPLY NOW ](http://www.moneymart.ca/quick-apply?loanType=IL) Apply for an Installment Loan online ### Installment Loan FAQs ###### Choose a topic [About Installment Loans](http://www.moneymart.ca/loans/installment-loans#il-card-1-category-1) [How They Work](http://www.moneymart.ca/loans/installment-loans#il-card-1-category-2) [Who offers Installment Loans?](http://www.moneymart.ca/loans/installment-loans#collapselpp-1) Money Mart offers Installment Loans [online](http://www.moneymart.ca/quick-apply?loanType=IL), [in store](http://www.moneymart.ca/storedetails/findastore), or on our [mobile app](http://www.moneymart.ca/fast-loan-app). [What happens if I pay off my Installment Loan early?](http://www.moneymart.ca/loans/installment-loans#collapselpp-2) There’s no penalty for paying off your loan early. [Where can I get an Installment Loan?](http://www.moneymart.ca/loans/installment-loans#collapselpp-3) You can apply for an Installment Loan from Money Mart [online](http://www.moneymart.ca/quick-apply?loanType=IL), [in store](http://www.moneymart.ca/storedetails/findastore), or on our [mobile app](http://www.moneymart.ca/fast-loan-app). [What are Installment Loans used for?](http://www.moneymart.ca/loans/installment-loans#collapselpp-4) You can use your Installment Loan for anything you need, including auto repairs, unexpected emergencies, debt consolidation, and more. [How do Installment Loans work?](http://www.moneymart.ca/loans/installment-loans#collapselpp-5) Borrow $500 to $25,000. Repay your loan in weekly, bi-weekly, monthly or bi-monthly installments (based on your payday schedule) over a period of 6 to 84 months, depending on the loan amount. Each payment can be automatically deducted from your bank account, so you never have to worry about missing a payment. [Apply here.](https://www.moneymart.ca/quick-apply?loanType=IL) [What is an Installment Loan?](http://www.moneymart.ca/loans/installment-loans#collapselpp-6) An Installment Loan is a personal loan you pay back over time with a set number of scheduled payments. Most auto loans, student loans, and mortgages are Installment Loans. [Apply here](https://www.moneymart.ca/quick-apply?loanType=IL) [How many Installment Loans can I have?](http://www.moneymart.ca/loans/installment-loans#collapselpp-7) There’s no limit, but you must pay off your previous Installment Loan before getting a new one. [Do Installment Loans affect credit score?](http://www.moneymart.ca/loans/installment-loans#collapselpp-8) Getting approved for an Installment Loan may require a hard credit inquiry, which can temporarily lower your credit score by a few points. After that, an Installment Loan can help improve your score if you make on-time payments while late or missed payments could hurt your score. [What do I need for an Installment Loan?](http://www.moneymart.ca/loans/installment-loans#collapselpp-9) To apply for an Installment Loan from Money Mart, you need to be at least 19 years old with a valid ID, have a chequing account, and have a steady source of verifiable income. [How can I get approved for an Installment Loan?](http://www.moneymart.ca/loans/installment-loans#collapselpp-10) We consider a wide range of criteria when you apply for an Installment Loan, including your credit report, the accuracy of your application, and we may review your payment history on similar products. [How can I get an Installment Loan?](http://www.moneymart.ca/loans/installment-loans#collapselpp-11) You can easily apply for an Installment Loan [online](http://www.moneymart.ca/quick-apply?loanType=IL), [in store](http://www.moneymart.ca/storedetails/findastore), or on our [mobile app](http://www.moneymart.ca/fast-loan-app). [Do I qualify for an Installment Loan?](http://www.moneymart.ca/loans/installment-loans#collapselpp-12) To qualify for an Installment Loan from Money Mart, you must be at least 19 years old with a valid ID, have a chequing account, and have a steady source of verifiable income. You may be asked to provide other documents when you apply. [How do I file a Loan Protection Plan claim or manage a claim tied to my installment loan?](http://www.moneymart.ca/loans/installment-loans#collapselpp-12) Simply click [here](https://premiumservicesgroup.ca/customerclaims?lender=moneymart) to connect directly to the Customer Claims Portal for Loan Protection Plan. The optional Loan Protection Plan is a Credit Group Insurance Plan underwritten by Canadian Premier Life Insurance Company and Canadian Premier General Insurance Company. ![QR Code](https://8982895.fs1.hubspotusercontent-na1.net/hub/8982895/hubfs/raw_assets/public/mmca-prod/images/il-page/qr.png?width=150&height=150&name=qr.png) Got more questions? We've got more answers Click [**here**](http://www.moneymart.ca/loans/faq) to visit our FAQ page. Loan Amount $5,000.00 Loan Fee (per $100 borrowed) $14.00 Loan Payment $236.09 Loan Protection Plan (Optional) $25.00 Total Payment $261.09 APR 46.9% Term and Repayment Periods 36 Months, Paid Monthly 14 Days Total Cost of Borrowing $4,399.24 Total Amount to be Repaid $9,399.24 Total Cost of Optional Loan Protection Plan $9,399.24 Close [Apply Now ](http://www.moneymart.ca/loans/installment-loans) For a small additional cost, the optional Loan Protection Plan* (LPP) provides peace of mind. In the event of job layoff, injury or sickness, critical illness, or death, unpaid family leave support, lifetime milestone benefits, the LPP may make your Money Mart Installment Loan payments for a specified time or pay off the loan in full. Check “YES” for the Loan Protection Plan on the application form — you can cancel at any time. *The optional Loan Protection Plan is a Credit Group Insurance Plan underwritten by Canadian Premier Life Insurance Company and Canadian Premier General Insurance Company. [Learn More ](https://8982895.fs1.hubspotusercontent-na1.net/hubfs/8982895/LPP-Poster.pdf) Close In order to offer you the best options, could you confirm your location? OK