How does borrowing from Money Mart work?
Money Mart provides payday loans to residents of Alaska, California, Florida, Hawaii, Kansas, Louisiana, Missouri, Oklahoma, Virginia and Washington. Its online payday loans are only available to residents of California, Hawaii, Kansas and Louisiana.
If you can’t apply online, you can find the nearest store by visiting the Money Mart website. Applying online or at a store should take no more than a few minutes.
If you apply in-store, you can receive your funds as soon as Money Mart approves your application. With online applications, your funds are transferred into a nominated bank account immediately after approval.
You have to repay the loan in full by the due date specified in your loan contract. You can repay using cash in-store, have Money Mart deposit a check provided when you apply, or have the payments withdrawn from your bank account electronically.
Why should you consider taking out a Money Mart payday loan?
Transparency. You don’t have to worry about any hidden fees and charges when you take a payday loan through Money Mart. The loan contract gives you a clear indication of exactly how much your loan will cost. The Money Mart website gives you access to an easy-to-use tool that tells you how much you’ll have to pay depending on the state you live in and the amount you wish to borrow.
Quick and easy process. You can apply for a Money Mart payday loan in five to 10 minutes. If you apply online, the approved funds can get to your bank account by the next business day. With an in-store application, you can get the money you need almost immediately.
Use money for different reasons. Money Mart does not place any restrictions on how you can use proceeds from the loan, as long as you use the money for legitimate purposes.
Bad credit is alright. Poor or bad credit does not have to get in the way of you applying for a Money Mart payday loan. If you have a steady source of income and meet some basic eligibility criteria, you may be eligible.
Live chat. If you have any questions or require information, you can contact a Money Mart representative via live chat.
How much will it cost you to borrow from Money Mart?
Most states where payday loans are legal have their own set of laws setting the fees lenders can charge. Another factor that affects the cost of the loan is the amount you borrow.
As an example, if you take a $100 loan for 14 days in Alaska, you’ll end up paying $20 as finance charge. In Kansas, the same loan would result in a finance charge of $15. In Virginia, the finance charge for the same loan would be $22.62.
In addition to the legally permitted finance charge, Money Mart can also charge rollover fees and collection related fees if the situation arises, state laws permitting.
Are Money Mart loans safe?
Money Mart keeps the information you provide secure and protected from unauthorized access by employing security measures that comply with federal law. These measures comprise of safeguarding electronic data as well as physical information. Access to your to nonpublic personal information is available only to Money Mart employees who require it to service your transactions.
Ready to apply with Money Mart? Here’s how
If you live in a state where Money Mart accepts online applications, you can apply online. To begin now, simply click on the “Go to Site” button. If you reside in a state where you cannot apply online, you’ll have to visit your nearest Money Mart store. To apply, you have to meet these eligibility criteria:
You are at least 18 years of age
You have a regular source of income
You are an American citizen or a permanent resident of the US
You have an operational checking account
Completing the application successfully requires that you provide some basic information:
Your name, email address and phone number
Details from an acceptable form of ID such as your driver’s license or passport
Details about your income
Your checking account details
Frequently asked questions
If I apply online, how do I sign the loan contract?
With online applications, Money Mart accepts e-signatures, which are legally binding.
What happens if I can’t repay my loan on time?
This depends on the state you reside in. In some states, you can get onto an extended payment plan. In some others, you can rollover your loan. You can find these details in your loan contract.
How much money can I borrow through a Money Mart payday loan?
The state you live in and applicable state laws will affect this For example, you can borrow a maximum of $500 in Alaska, Florida, Hawaii and Kansas. In California, the maximum is limited to $255. The maximum is $300 in Louisiana.