LendDirect vs Cash Money
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 | LendDirect | Cash Money |
|---|---|---|
| Loan Amounts | $200 – $1,500 | $500 – $10,000 |
| Interest Rates | $15 per $100 borrowed (where applicable) | Up to 34.99% APR |
| Loan Terms | Up to next payday or installments up to 62 days | Up to 60 months |
| Credit Required | No minimum credit score | All credit types considered |
| Funding Speed | Same day (Interac e-Transfer) | Same day |
| Headquarters | Victoria, British Columbia | Toronto, Ontario |
| Founded | 2013 | 1992 |
| Best For | Emergency borrowers who need fast access to small amounts before payday | Borrowers who prefer in-person service or need same-day access to cash |
Loan Amounts
LendDirect
$200 – $1,500
Cash Money
$500 – $10,000
Interest Rates
LendDirect
$15 per $100 borrowed (where applicable)
Cash Money
Up to 34.99% APR
Loan Terms
LendDirect
Up to next payday or installments up to 62 days
Cash Money
Up to 60 months
Credit Required
LendDirect
No minimum credit score
Cash Money
All credit types considered
Funding Speed
LendDirect
Same day (Interac e-Transfer)
Cash Money
Same day
Headquarters
LendDirect
Victoria, British Columbia
Cash Money
Toronto, Ontario
Founded
LendDirect
2013
Cash Money
1992
Best For
LendDirect
Emergency borrowers who need fast access to small amounts before payday
Cash Money
Borrowers who prefer in-person service or need same-day access to cash
Pros & Cons
LendDirect
Pros
- No minimum credit score required
- Same-day funding via Interac e-Transfer
- Simple online application — no paperwork required
- Licensed and regulated in multiple provinces
Cons
- Maximum loan amount of $1,500
- High cost of borrowing compared to personal loans
- Short repayment period (up to next payday)
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
Which Lender Should You Choose?
Choose LendDirect if you're looking for a lender that specializes in emergency borrowers who need fast access to small amounts before payday. They offer loan amounts of $200 – $1,500 with funding as fast as same day (interac e-transfer).
Choose Cash Money if you're better described as borrowers who prefer in-person service or need same-day access to cash. They offer $500 – $10,000 with all credit types considered 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 LendDirect or Cash Money better?
It depends on your needs. LendDirect is rated 3.4/5 and is best for emergency borrowers who need fast access to small amounts before payday. Cash Money is rated 3.6/5 and is best for borrowers who prefer in-person service or need same-day access to cash.
Which has lower interest rates?
LendDirect charges $15 per $100 borrowed (where applicable), while Cash Money charges Up to 34.99% APR. Your actual rate depends on your credit profile.
Which lender funds faster?
LendDirect: Same day (Interac e-Transfer). Cash Money: Same day.
Other Lender Comparisons
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