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24Cash review

Get online cash loans with instant approval, but watch out for high borrowing costs.

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Please note: All information about 24Cash Personal Loans has been collected independently by Finder and this product is not available through this site.

Our verdict is an online credit brokerage that allows you to apply for personal loans of up to $850. Described as payday loan alternatives, these loans are paid back in installments over 90 - 150 days. There's no credit check required, and you can get approved and funded within 24 hours. However, there's a $500 maximum loan limit for first-time borrowers, and you'll also need to pay a broker fee when you take out a loan.
  • No credit checks
  • Longer repayment terms than a payday loan
  • Fast access to cash
  • Maximum loan amount of $500 for first-time borrowers
  • High cost of borrowing
Learn more

Loan Amount

$500 - $850

Loan Term

90 - 150 days

Interest Rate


What is 24Cash? is an online personal loan broker. With a registered address in Toronto, it connects borrowers with lenders who offer short-term installment loans.

Loans are available in most Canadian provinces, and the application process can be completed online or over the phone.

Is 24Cash legitimate? has a strong online presence and a large number of customer reviews on sites like Trustpilot. The broker has an A+ Better Business Bureau (BBB) rating but is not BBB accredited, and the BBB had closed one complaint against in the three years prior to writing.

ScamAdviser gives a Trustscore of 100/100, so there are several indicators that suggest this is a legitimate provider. loan features

Interest rate22%
Loan amount$500–$850
Loan term90 - 150 days
FeesBroker fee applies
Serviced provincesAll Canadian provinces except Manitoba, Quebec and Saskatchewan.

What we like about 24Cash

  • Easy online application. It’s easy to apply for a loan through 24Cash online. You can fill out an application within minutes, and you don’t need to submit any paper documents throughout the process.
  • Instant bank verification. provides instant bank account verification to assess your income and determine whether you can afford to repay the loan. This speeds up the application process.
  • Fast access to funds. You can get approved and funded for a loan within 24 hours, with same-day approval available if your loan application is accepted before 1:30pm EST. If you need a loan urgently, learn more about emergency loans.
  • Longer repayment terms than payday loans. With loan terms of between 90 and 150 days, the repayments on a short-term loan through could be easier to afford than a payday loan.
  • No credit checks. doesn’t conduct a credit check when you apply for a loan. This makes it an option worth considering if you have bad credit.

What to watch out for

  • Not a lender. is an online broker and not a lender, so you don’t borrow money directly from
  • High interest rates. says it works with loan companies that offer a maximum APR of 22%. Make sure you compare a range of loan options to find financing that’s affordable and suits your needs.
  • Broker fee applies. Be aware that you’ll need to pay a broker fee when you apply for a loan through In the example of a $500 loan featured in the terms and conditions on the website, brokerage fees total $225 – that’s almost half the amount being borrowed.
  • Low loan amounts. First-time borrowers can only borrow up to $500, while the maximum loan amount is limited to $850. This may not suit your financial requirements.

Summary of 24Cash reviews

Online customer reviews of generally tend to be quite positive. The broker has an average score of 4.2 out of 5 from over 1,500 reviews on Trustpilot and an average of 4.5 out of 5 from over 450 Google reviews.

Customers who wrote positive reviews did so due to the easy application process and helpful customer service. Those who left negative reviews tended to complain about slow loan approvals, in particular because is closed on weekends, and about rejected loan applications.

Compare 24Cash to other providers

1 - 5 of 5
Name Product Interest Rate Loan Amount Loan Term Requirements
Spring Financial Installment Loan
9.99% - 46.96%
$500 - $35,000
6 - 60 months
Requirements: min. income $1,800/month, 3+ months employed, min. credit score 500
Loans Canada Installment Loan
8.00% - 46.96%
$500 - $50,000
4 - 60 months
Requirements: min. credit score 300
SkyCap Installment Loan
19.99% - 39.99%
$500 - $15,000
9 - 60 months
Requirements: min. income $3,333/month, full time employment/pension, min. credit score 600, no bankruptcy
LoanConnect Installment Loan
$500 - $2,500
3 - 6 months
Requirements: min. credit score 300
Mogo Installment Loan
9.90% - 46.96%
$200 - $35,000
6 - 60 months
Requirements: min. income $13,000/year, min. credit score 500
100-day money-back guarantee. If you're not happy with your loan, pay back the principal and get your 100 days of paid interest and fees back.

Am I eligible for a loan?

If you want to apply for a loan through, you’ll need to meet the following eligibility criteria:

  • Be 18 years of age or older.
  • Be a Canadian citizen.
  • Have held a steady job for at least three months.
  • Earn at least $1,200 a month.
  • Have a Canadian bank account for at least three months.
  • Not be bankrupt or planning on claiming bankruptcy.
  • Have a low short-term debt ratio.

How to apply for 24Cash loans

You can apply for a loan with 24Cash by completing the following steps:

  1. Click through to the loan request form on the website.
  2. Enter your name, gender, SIN, date of birth and contact details.
  3. Provide details about your income, including your main source of revenue and how often you’re paid.
  4. Specify the loan amount you want and enter your bank account details.
  5. Enter the details of a safety contact.
  6. Submit your application. says loan approval and funding are available within 24 hours.

How much will a loan cost?

There are two main factors to consider when calculating the cost of a loan from The first is the interest rate. says it works with loan companies that offer APRs of up to 22%.

The second factor is the brokerage fee charged by We couldn’t find details of how this fee is calculated on the website. However, in the $500 loan example listed in the terms and conditions on the broker’s website, brokerage fees of $225 apply. When paid off in six fortnightly repayments, this adds up to a total loan cost of $750.66.

Frequently asked questions

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