Cash Money vs LoanConnect
A detailed side-by-side comparison of two popular Canadian lenders. See how they stack up on rates, loan amounts, eligibility, and overall experience.
Side-by-Side Comparison
| Feature | Cash Money | LoanConnect |
|---|---|---|
| Loan Amounts | $500 – $10,000 | $500 – $50,000 |
| Interest Rates | Up to 34.99% APR | 6.99% – 29.99% APR (varies by partner lender) |
| Loan Terms | Up to 60 months | 6 – 60 months |
| Credit Required | All credit types considered | All credit types accepted |
| Funding Speed | Same day | As fast as same day |
| Headquarters | Toronto, Ontario | Toronto, Ontario |
| Founded | 1992 | 2014 |
| Best For | Borrowers who prefer in-person service or need same-day access to cash | Borrowers who want to compare multiple offers at once |
Loan Amounts
Cash Money
$500 – $10,000
LoanConnect
$500 – $50,000
Interest Rates
Cash Money
Up to 34.99% APR
LoanConnect
6.99% – 29.99% APR (varies by partner lender)
Loan Terms
Cash Money
Up to 60 months
LoanConnect
6 – 60 months
Credit Required
Cash Money
All credit types considered
LoanConnect
All credit types accepted
Funding Speed
Cash Money
Same day
LoanConnect
As fast as same day
Headquarters
Cash Money
Toronto, Ontario
LoanConnect
Toronto, Ontario
Founded
Cash Money
1992
LoanConnect
2014
Best For
Cash Money
Borrowers who prefer in-person service or need same-day access to cash
LoanConnect
Borrowers who want to compare multiple offers at once
Pros & Cons
Cash Money
Pros
- Over 30 years of established lending history in Canada
- Multiple product types: payday, installment, and line of credit
- Same-day funding available
- Both online and in-person application options
Cons
- Interest rates can reach 34.99% APR for installment loans
- Payday loan products are high-cost short-term borrowing
- Not all products available in every province
LoanConnect
Pros
- Compare multiple lender offers with one application
- Soft credit check for initial comparison — no impact on score
- Wide range of loan amounts from $500 to $50,000
- Fully online process with no branch visits required
Cons
- Rates vary significantly depending on which partner lender you're matched with
- Not a direct lender — acts as a marketplace/aggregator
- Loan terms and conditions vary by individual lender
Which Lender Should You Choose?
Choose Cash Money if you're looking for a lender that specializes in borrowers who prefer in-person service or need same-day access to cash. They offer loan amounts of $500 – $10,000 with funding as fast as same day.
Choose LoanConnect if you're better described as borrowers who want to compare multiple offers at once. They offer $500 – $50,000 with all credit types accepted credit requirements.
Still unsure? Apply through 365 Loans to compare offers from both lenders and more — with no impact on your credit score.
Frequently Asked Questions
Is Cash Money or LoanConnect better?
It depends on your needs. Cash Money is rated 3.6/5 and is best for borrowers who prefer in-person service or need same-day access to cash. LoanConnect is rated 4.1/5 and is best for borrowers who want to compare multiple offers at once.
Which has lower interest rates?
Cash Money charges Up to 34.99% APR, while LoanConnect charges 6.99% – 29.99% APR (varies by partner lender). Your actual rate depends on your credit profile.
Which lender funds faster?
Cash Money: Same day. LoanConnect: As fast as same day.
Other Lender Comparisons
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Compare Loan OffersEditorial Note: Our content is reviewed by financial experts for accuracy. We may receive compensation from partner lenders, which does not influence our rankings or recommendations. Read our full disclosures