Introducing Canada's Most Affordable Instant Loan with Mogo's Zip Money -- PayDay Loan Alternative

As a company committed to providing Canadians with innovative lending solutions during these challenging financial times, Mogo is pleased to introduce a cheaper alternative to PayDay Loans, Zip Money -- the quickest, most convenient way to borrow money anywhere.

(PRWEB) May 20, 2009 -- Now, Canadians from coast to coast can borrow up to $1,500 instantly, without the paperwork, approval times and set-up fees required by traditional banks. Providing many of the conveniences of a line of credit, Zip Money provides loan approval instantly, with the funds available to the customers by the next business day.

Given today's highly restricted credit environment, with reduced lending by most banks, Zip Money's high approval ratings and affordable rates make it the optimal choice for a range of borrowing needs. Customers pay as little as $5 per $100 borrowed, making Zip Money up to 80% cheaper than an average payday loan.

This makes Zip Money cash advances the optimal choice for a range of financial needs, from purchasing a seat sale ticket, handling last minute emergencies, or covering a bank balance to avoid costly NSF fees. In fact, Mogo is working to save Canadians over $1 billion in outrageous banking and NSF fees.

Best of all, customers can apply for a Zip Money instant approval loan in under 5 minutes by completing an online application form. That means they get approved instantly, and have the money in their account the very next day.

About Mogo

Mogo (www.mogomoney.com) is money on the go -- the simple and easy way to borrow money. We are an innovative financial services company dedicated to making borrowing simple and affordable. Unlike the banks, Mogo is continuously looking for ways to lend money. In fact, 9 out of 10 people get approved for a Mogo loan.

Mogo believes it's time to challenge the existing financial services industry by offering a simple way for people to get the money they need. People across Canada are tired of the hoops and hurdles required by banks to borrow smaller amounts of money. That's why Mogo is committed to providing relief from the high costs and inconvenience of payday loans.

In fact, Mogo's mission is to save Canadians over $1 billion in excessive loan fees. If every Canadian currently using payday loans or paying outrageous NSF fees switched to Mogo, over $1 billion would be saved each year.

For further information please contact Philipp Postrehovsky, Marketing & Brand Specialist, 604.659.4383; philippp@mogomoney.com

Social Media Info:

Fan Pages:

Mogo Facebook -- http://www.facebook.com/pages/mogo/23824338252?ref=nf
Mogo YouTube Channel -- http://www.youtube.com/mogomoneyonthego
Mogo Kiva Lending Team Page -- http://www.kiva.org/community/viewTeam?team_id=2634

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