Zip Money is Mogo’s easiest, most affordable loan. Save an average of 50% compared to payday loans and enjoy the convenience of 30 day loans and instant reloans that can get you money in 30 minutes. That means you’ll have the money you need, when you need it.
Using Zip Money to buy something is potentially 100 times less expensive than using a credit card if you’re making the minimum payments, or half the price of a a payday loan. Let’s see how:
needs $500
toward a ring so he can finally pop the question. (Go Bob!)
Bob buys it with his:
credit card
needs $500
to book a travel special to Hawaii. Aloha!
Allison uses a:
payday loan
needs $500
to pay bills on time to protect her credit rating. (Wise!)
Sara uses mogo:
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Payday Loans Versus. Mogo
Payday Loans Defined:
A payday loan (also called a paycheck advance or payday advance) is a small, short-term
loan that is intended to cover a borrower's expenses until his or her next payday.
The loans are also sometimes referred to as cash advances.
Mogo Defined:
Mogo is your payday loan alternative. Get the money you need today - up to $1,500
for as long as 30 days which means you'll save up to 50% compared to the average payday loan.
Plus... with your free Mogo debit card, you can reloan online instantly... and get money loaded
to your card in about 30 minutes. Now that's Mogo easy.
