Bree Early Pay
- Access up to $250
- No interest or required fees
- No credit check required
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.
Loan amount | $30 – $150 |
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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. |
Loan amount | $0 – $250 |
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APR | Starting at 0% |
Term | Flexible |
Fees | $2 - $5/month subscription fee |
Turnaround time | Immediately |
Serviced provinces | All provinces and territories |
Loan amount | $100 – $1,500 |
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APR | Varies by province |
Term | 7 - 62 days |
Min. Turnaround time | As little as 2 minutes with INTERAC e-Transfer® |
How to apply | Online In Store |
Credit Check | Yes |
Loan amount | $100 – $1,500 |
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APR | Varies by province |
Term | 5 - 40 days |
Min. Turnaround time | As little as 15 minutes with INTERAC e-Transfer® |
How to apply | Online In Store |
Credit Check | Yes |
Loan amount | $300 – $1,500 |
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APR | Varies by province |
Term | Up to 62 days |
Min. Turnaround time | Within 1-2 hours via e-Transfer once approved |
Credit Check | No |
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 |
You can read our Bree review for details, but here are the highlights:
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 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 | Automatic withdrawal from your bank account |
Sites like Bree require the following information:
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.
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.
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