LoanConnect 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 | LoanConnect | Cash Money |
|---|---|---|
| Loan Amounts | $500 – $50,000 | $500 – $10,000 |
| Interest Rates | 6.99% – 29.99% APR (varies by partner lender) | Up to 34.99% APR |
| Loan Terms | 6 – 60 months | Up to 60 months |
| Credit Required | All credit types accepted | All credit types considered |
| Funding Speed | As fast as same day | Same day |
| Headquarters | Toronto, Ontario | Toronto, Ontario |
| Founded | 2014 | 1992 |
| Best For | Borrowers who want to compare multiple offers at once | Borrowers who prefer in-person service or need same-day access to cash |
Loan Amounts
LoanConnect
$500 – $50,000
Cash Money
$500 – $10,000
Interest Rates
LoanConnect
6.99% – 29.99% APR (varies by partner lender)
Cash Money
Up to 34.99% APR
Loan Terms
LoanConnect
6 – 60 months
Cash Money
Up to 60 months
Credit Required
LoanConnect
All credit types accepted
Cash Money
All credit types considered
Funding Speed
LoanConnect
As fast as same day
Cash Money
Same day
Headquarters
LoanConnect
Toronto, Ontario
Cash Money
Toronto, Ontario
Founded
LoanConnect
2014
Cash Money
1992
Best For
LoanConnect
Borrowers who want to compare multiple offers at once
Cash Money
Borrowers who prefer in-person service or need same-day access to cash
Pros & Cons
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
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 LoanConnect if you're looking for a lender that specializes in borrowers who want to compare multiple offers at once. They offer loan amounts of $500 – $50,000 with funding as fast as as fast as same day.
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 LoanConnect or Cash Money better?
It depends on your needs. LoanConnect is rated 4.1/5 and is best for borrowers who want to compare multiple offers at once. 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?
LoanConnect charges 6.99% – 29.99% APR (varies by partner lender), while Cash Money charges Up to 34.99% APR. Your actual rate depends on your credit profile.
Which lender funds faster?
LoanConnect: As fast as same day. Cash Money: 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