Bree is a new lender that provides cash advances of up to $250. Launched in 2021, it aims to help Canadians avoid overdrafts and NSF fees at no cost.
If you’d like to explore apps or sites similar to Bree, check out our list below. Some of these providers offer higher loan amounts and instant funding 24/7, but they also charge higher interest rates.
Apply online for an interest-free line of credit of up to $150 to cover small expenses and build your credit. Get funds in 1-3 business days with a free account. For $11.99 per month, get access to premium services, including funding in 1-30 minutes, a free Equifax credit report and identity theft protection.
Easy application process
No credit checks
No interest
Can improve your credit score
Roll over your loan
Loan amount may not be enough for your needs
$11.99 per month for fast transfers and other premium perks
Loan amount
$30 – $150
APR
Starting at 0%
Term
30 days, extendable
Fees
No interest or fees to access credit line, optional $11.99/month membership to get premium services such as instant funding
Turnaround time
1-30 minutes with a paid membership or 1-3 business days with a free membership.
Get a zero-interest cash advance ranging from $20 to $250 when you pay a subscription fee starting at $2/month. You'll need a KOHO account to access this service. Full Review
No late fees
Zero interest
No impact to credit score
Free financial coaching available
KOHO account required
Loan amount
$20 – $250
APR
Starting at 0%
Term
Flexible
Fees
subscription fee starting at $2/month
Turnaround time
Immediately
Serviced provinces
All provinces and territories
⚠️ Warning: Be cautious with payday loans
High-cost payday loans are unsustainable for borrowing over a continued period of time and are expensive as a means of longer-term borrowing. View payday costs and regulations by province here. If you're experiencing financial hardship call Credit Counselling Canada for free financial counselling (Monday-Friday 8:00am-5:00pm at +1 866-398-5999). You may also want to consider payday loan alternatives.
Payday loans like Bree
Note: Bree is not a payday loan, but it does have features similar to payday loans. Compare your payday loan options below.
Like Bree, iCash offers a quick, paperless application process. You can borrow up to $1,500 and get e-Transfer funding in as little as 2 minutes after approval. iCash provides payday loans, so watch out for high interest rates.
4.6/5 stars based on over 2,400 Trustpilot reviews
Cash Money's app offers fast approval and funding like Bree. However, Cash Money's loans are payday loans, which have higher loan amounts and higher interest rates.
4.4/5 stars based on more than 3,800 Trustpilot reviews
Instant decisions
Funding in as little as 15 minutes via Interac e-Transfer®
Established lender with A+ Better Business Bureau (BBB) rating
PAY2DAY is another Bree alternative that offers instant payday loans through its app. Like Bree, you won't have to go through a credit check to get approved.
Get cash in 1-2 hours
4.7/5 stars based on over 4,800 Trustpilot reviews
24/7 online approvals and funding
Not available in all provinces
High cost of borrowing
Short loan terms
Loan amount
$300 – $1,500
APR
Varies by province
Term
Up to 62 days
Min. Turnaround time
Within 1-2 hours via e-Transfer once approved
Credit Check
No
Maximum borrowing costs of payday loans per province
Always refer to your contract for exact repayment amounts and costs.
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
How does Bree compare?
You can read our Bree review for details, but here are the highlights:
No interest or fees
No credit check required
No documents required
Funding in less than 2 hours for a small fee
Free standard advances take up to 3 business days
Small loan amounts
Does not improve credit score
Which apps are most similar to Bree?
Nyble and KOHO are apps most similar to Bree. Like Bree, these apps offer small loan amounts and charge no interest or fees. Payday loan apps like Cash Money and iCash offer higher loan amounts and faster funding, but you’ll pay $14 to $17 for every $100 borrowed depending on where you live, which works out to annual percentage rates in the triple digits.
Payday loan apps vs cash advance apps like Bree
Payday loan apps like Cash Money and iCash
Cash advance apps like Bree and Nyble
Loan amount
Up to $1,500
Up to $200
Loan term
By your next payday
By your next payday, or roll over to the following months
Cost
Can be significantly more expensive: $14 to $17 for every $100 borrowed
Can be significantly cheaper: 0% interest, but monthly fee applies for Nyble
Speed
Usually instant or in under 30 minutes
3 business days or within a few hours if you pay a fee
24/7 funding
Available
Not available
Eligibility
Age of majority, linked bank account, bank statements and pay stubs sometimes required
Age of majority, linked bank account
Ease of approval
Easy to get approved
More difficult to get approved than a payday loan
Credit check
Sometimes required
Not required
Application process
Online, in-person or sometimes through an app
Through an app
Payment method
e-Transfers
e-Transfers
Repayment method
Automatic withdrawal, cheque or in-person with cash
Apps like Bree usually don’t involve any credit checks, but lenders will still need to verify that you can pay back their loan. To get approved for loans offered by these lenders, show them that your bank account doesn’t have NSF transactions in the last 60 to 90 days and it has regular income deposits from valid sources, such as employment, government benefits and private pension.
Bottom line
Bree is a new lender in Canada that offers small loans to help you pay for unexpected bills and avoid overdrafts. It charges no interest or fees and instead invites you to leave a tip if you like its service. If Bree is not an option for you, consider apps most similar to Bree, such as Nyble or KOHO. These apps typically max out at $150 to $200 so if you need to borrow more as soon as possible, payday loan apps are an option. You can get a payday online in less than an hour, but the price for this convenience is high interest rates.
Leanne Escobal is a publisher for Finder. She has over 11 years of experience in financial services, specializing in content and marketing. Leanne has completed the Canadian securities course (CSC®) as well as the personal lending and mortgages course by the Canadian Securities Institute. She has a Bachelor of Arts (Honours) in English literature and creative writing from Western University.
Borrowing $100 can be a quick and easy process. This guide covers how you can get a small loan in Canada, including benefits, drawbacks and eligibility requirements.
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