Bree Early Pay
- Access up to $250
- No interest or required fees
- No credit check required
If you don’t have a good credit score or you need to take out a $100 loan fast, a payday loan or cash advance is an option. It’s easy to complete the process online by providing basic information. In most cases, you’ll receive your $100 loan within a few minutes after approval.
To help, use this guide. It covers online lenders offering $100 loans in Canada plus tells you what you need to know before applying.
Get a $100 loan instantly by downloading the app or going to the website of one of the cash advance providers below.
Lender | Loan details | Eligibility requirements | Serviced provinces | |
---|---|---|---|---|
Early Pay |
No credit check required, web app available | You must be 18 years or older, a Canadian resident and have a Canadian bank account that receives regular income. | All provinces and territories | Go to site |
Credit Line |
No credit check required, web app and iOS app available | You must be 18 years or older, have an active bank account with minimal NSF transactions and satisfy income requirements. | All provinces and territories | Go to site |
Payday loans have easy requirements and you can get one 24/7, but they have extremely high rates, so only apply as a last resort.
Lender | Loan details | Eligibility requirements | Serviced provinces | |
---|---|---|---|---|
Payday Loan |
| Min. $800 income monthly | AB, BC, MB, NB, NS, ON, PEI | Go to site |
Payday Loan |
| Steady income | AB, BC, MB, NB, NS, ON, PEI, SK | Go to site |
| Steady income, Min. 525 credit score | BC, MB, NL, NS, ON, SK | ||
Payday Loan |
| Funds will be sent in as little as 15 minutes via Interac e-Transfer | AB, BC, MB, NS, ON, SK |
Province | Max. cost of borrowing a $100 payday loan | Cooling off period to cancel loan | Max. penalty for returned cheque or pre-authorized debit |
---|---|---|---|
Alberta | $15 | 2 business days | $25 |
British Columbia | $15 | 2 business days | $20 |
Manitoba | $17 | 48 hours excluding Sundays and holidays | $20 |
New Brunswick | $15 | 48 hours excluding Sundays and holidays | $20 |
Newfoundland and Labrador | $14 | 2 business days | $20 |
Nova Scotia | $15 | Next business day (2 days for online loans) | $40 (default penalty) |
Ontario | $15 | 2 business days | $25 |
Prince Edward Island | $15 | 2 business days | N/A |
Quebec | Limit of 35% AIR | N/A | N/A |
Saskatchewan | $17 | Next business day | $25 |
It’s not possible to get a guaranteed $100 loan in Canada because legitimate lenders need to review your finances before approving. However, it is possible to get easy approval even when your financial situation isn’t the best. For instance, the lenders above offer flexible eligibility criteria. As long as you have a steady income, whether that’s from employment, government benefits, a private pension or other sources, you could get approved for a $100 loan.
Also, $100 is considered a small loan, so lenders can be more lenient with their approvals.
You can borrow $100 instantly from payday lenders like Cash Money and cash advance lenders like Nyble. To get instant approval, connect your bank account via bank verification. This allows lenders to quickly verify your income and identity without needing any paperwork from you.
To get instant funding, your bank account must be registered for Interac e-Transfer, which is faster than direct deposit.
Lenders like iCASH and Cash Money offer apps where you can get a $100 payday loan instantly. These Canadian apps allow you to fill out an application, get approval for the $100 cash advance and arrange to have the money transferred to your account all from your phone. You can learn more about payday loan apps in our full guide here.
Yes, you can get a $100 loan with no credit check from cash advance apps like Nyble and Bree. These apps let you borrow small amounts, like $100, at 0% interest without the need for a credit check.
You may have to pay a small fee for the app or for express loan delivery, but getting a no-credit-check $100 loan from cash advance apps like these is still much cheaper than getting a payday loan.
In Canada “cash advance” is often used interchangeably with “payday loan,” but cash advances from lenders like Nyble and Bree are a different product from payday loans from lenders like iCASH and Cash Money. Both are small, short-term loans but with these key differences:
If you’re searching for $100 payday loans, here are some factors to consider:
Whether you’re applying to a payday lender or cash advance lender, the steps to get a $100 loan are similar:
You can generally get a $100 loan in Canada if you meet the following criteria:
Yes, you can apply for $100 loans with bad credit. Payday loans and cash advances come with minimal eligibility requirements, and sometimes a credit check isn’t required, so you can borrow $100 even if your credit history isn’t the best.
Keep in mind that loans with easier eligibility requirements cost more overall. Payday loans especially are some of the most expensive loans you can get in Canada, so make sure you can afford the repayments before signing on the dotted line.
Are $100 payday loans the right financial help when you have bad credit? The answer depends on a few factors.
First, a small loan, such as a $100 loan, is only suitable as a one-time solution for emergencies. If you have structural financial problems that cause you to repeatedly turn to payday loans, you may wish to consider credit counselling or another form of financial assistance.
Second, be sure you can repay your loan on time. Missing the due date on your repayment will result in additional charges, which can add more pressure to your finances.
Third, before accepting a $100 cash advance in Canada, read the payday lender’s terms and conditions. Never take on a loan that you don’t understand. For example, in some provinces, lenders must allow you to cancel a payday loan within two business days — and knowing this regulatory rule can help.
How much you’ll pay for a $100 cash advance in Canada will depend on the type of loan you get. Payday loans cost anywhere from $14 to $17 for every $100 borrowed.
Let’s say you take out a $100 payday loan in Ontario for the two weeks leading up to your payday. Since Ontarian lenders can charge a maximum $15 per $100 borrowed, you’ll pay back $115 from your paycheque. That translates to a whopping 391% APR. For comparison, credit card interest rates are around 20% to 29%.
Let’s say you take out a $100 loan from a lender like Nyble and take three months to pay it back. Nyble charges 0% interest – instead you’ll pay a No interest or fees to access credit line, optional $11.99/month membership to get premium services such as instant funding. A three-month membership costs $15 to $24 — which is approximately the same cost as a payday loan, except you have more flexibility in when you need to repay the $100 plus gain access to other services, such as Nyble’s credit score monitoring.
There are a few factors to take into account before getting a $100 loan:
There are several ways to determine if a payday lender is legit.
Pay for unexpected bills and avoid overdrafts when you sign up for apps like Bree.
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Find out which licensed lenders can e-Transfer payday loans in Canada, including those that e-Transfer payday loans 24/7.
Compare some of the best instant loans in Canada.
Your guide to the best places to get a payday loan in Ontario, either online or in-store.
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Find out what loans you can apply for after bankruptcy.
Find out the best payday loans in Canada.
Read our guide to payday loan regulations in your province or territory.