Mogo 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.
Mogo
Tech-savvy borrowers who want a flexible line of credit with free credit monitoring
Full Review →Side-by-Side Comparison
| Feature | Mogo | Cash Money |
|---|---|---|
| Loan Amounts | Up to $5,000 (MogoMini line of credit) | $500 – $10,000 |
| Interest Rates | Up to 34.37% APR | Up to 34.99% APR |
| Loan Terms | Revolving (line of credit) | Up to 60 months |
| Credit Required | Fair credit and above | All credit types considered |
| Funding Speed | Pre-approval in 3 minutes | Same day |
| Headquarters | Vancouver, British Columbia | Toronto, Ontario |
| Founded | 2003 | 1992 |
| Best For | Tech-savvy borrowers who want a flexible line of credit with free credit monitoring | Borrowers who prefer in-person service or need same-day access to cash |
Loan Amounts
Mogo
Up to $5,000 (MogoMini line of credit)
Cash Money
$500 – $10,000
Interest Rates
Mogo
Up to 34.37% APR
Cash Money
Up to 34.99% APR
Loan Terms
Mogo
Revolving (line of credit)
Cash Money
Up to 60 months
Credit Required
Mogo
Fair credit and above
Cash Money
All credit types considered
Funding Speed
Mogo
Pre-approval in 3 minutes
Cash Money
Same day
Headquarters
Mogo
Vancouver, British Columbia
Cash Money
Toronto, Ontario
Founded
Mogo
2003
Cash Money
1992
Best For
Mogo
Tech-savvy borrowers who want a flexible line of credit with free credit monitoring
Cash Money
Borrowers who prefer in-person service or need same-day access to cash
Pros & Cons
Mogo
Pros
- Free credit score monitoring for all users
- Line of credit flexibility — borrow only what you need
- 100-day trial period to test the product
- Fully digital experience with no branch visits needed
Cons
- Maximum borrowing limit of $5,000
- Interest rate up to 34.37% APR
- Line of credit format may encourage ongoing borrowing
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 Mogo if you're looking for a lender that specializes in tech-savvy borrowers who want a flexible line of credit with free credit monitoring. They offer loan amounts of Up to $5,000 (MogoMini line of credit) with funding as fast as pre-approval in 3 minutes.
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 Mogo or Cash Money better?
It depends on your needs. Mogo is rated 3.7/5 and is best for tech-savvy borrowers who want a flexible line of credit with free credit monitoring. 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?
Mogo charges Up to 34.37% APR, while Cash Money charges Up to 34.99% APR. Your actual rate depends on your credit profile.
Which lender funds faster?
Mogo: Pre-approval in 3 minutes. Cash Money: Same day.
Other Lender Comparisons
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