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Discover what you qualify for with no impact to your credit score.§

In

Alberta

get up to $10,000

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 pre-approved, no affect on credit score §

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.

Financial Hardships

Short on Cash

Surprise Expenses

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 if it is at a $0 balance and you request for it to be closed, or it will auto-close after two years of inactivity and has a balance of $0.

  • 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.

How it Works

1

Apply

Apply online 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

Set up AutoPay and never worry about missing a payment again. You can still make extra payments to save on interest paid. Or you can make manual payments.

6

Access More Funds

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

Apply on mobile

What Do I Need to Apply?

Age 18 or older
Valid ID
Steady source of income
Open chequing account
Phone number
Apply Now

Common Line of Credit Questions

Will seeing what I'm pre-approved for impact my credit score?
No, not with Cash Money! You can easily see what loans you qualify for and how much without impacting your credit score.§ It’s only when you choose to accept a Line of Credit that a hard inquiry will occur which may impact your credit score. Tip: If you connect your banking information through Flinks® when you apply, you could qualify for more money.
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 save time and energy, you can simply set up AutoPay for your loan payments. With AutoPay, you won’t have to worry about late or missed payments. If you want to change your due date or make an extra payment, you can do it without skipping a beat. Or you can make manual payments online or over the phone.
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.
A Line of Credit is a personal loan that gives you the flexibility to borrow what you need when you need it, up to your approved credit limit. Once you’re approved for a Line of Credit, we will let you know your credit limit. Funds are available on an ongoing basis, so you can borrow, pay back, and borrow again. You pay interest only on the funds you use.

A Line of Credit puts you in control of how you borrow. Once approved, you may choose to borrow the full amount or just a portion of the available funds. Here’s an overview of how the process works:

1. Apply online or by phone.

2. Verify your income.

3. Receive a lending decision.

4. Take an advance to get your money.

5. Make scheduled loan payments (you can make additional payments if you’d like to save on interest).

6. Access available credit by getting additional advances up to your credit limit.

The biggest difference between a Line of Credit and a Payday Loan is that if you need more money, you don’t have to apply for a new loan. As long as you have credit available on your line of credit, you can access the funds you need.
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 or by phone. Visit your province’s loans page to see if Lines of Credit are available where you live.