Nyble is a new company in Canada that offers credit lines of up to $150 to help you access funds fast and avoid overdrafts.
If you’d like to consider options other than Nyble, we’ve compiled a list below of apps or sites like Nyble. These providers offer rapid emergency funding, but you may pay more in interest.
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.
Similar to Nyble, Bree lets you borrow a small amount of up to $350 to help you cover expenses until your next payday. You won't have to pay any interest, but there's a small monthly subscription fee plus an extra fee if you need funding within a few hours.
Easy application process
No credit checks
0% interest and no late fees
$2.99 monthly membership fee
Loan amount may not be enough for your needs
Extra fee for fast transfers
May not improve your credit, unlike Nyble
Loan amount
$20 – $350
APR
Starting at 0%
Term
Next pay cycle (61 days max.)
Fees
0% interest for cash advances but a $2.99 monthly membership fee applies, fee for express funding (varies based on advance)
Turnaround time
Receive funds within 5 minutes with express delivery (the fee is based on the advance amount) and up to 3 business days for standard delivery.
⚠️ 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.
iCash provides quick funding and accepts non-employment income like Nyble. You can get e-Transfer funding in as little as 2 minutes after approval. Unlike Nyble, iCash provides payday loans so you can borrow more but at higher rates.
4.8/5 stars based on over 2,100 Trustpilot reviews
Cash Money offers higher loan amounts (and higher rates) than Nyble through its payday loans. Get instant approval and funding in as little as 15 minutes when you use the Cash Money app.
Instant decisions
Fast access to funds
Established lender with A+ Better Business Bureau rating
PAY2DAY is another Nyble alternative that offers instant loans through its app. Like Nyble, you won't have to undergo a credit check to get approved and PAY2DAY is open to many types of income.
Get cash in 1-2 hours
4.7/5 stars based on over 4,900 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 Nyble compare?
You can read our Nyble review for details, but here are the highlights:
No interest or late fees
No credit check required
Roll over your loan to following months
Improve your credit score
Easy to sign up
Available across Canada
Small loan amounts
$11.99 per month for fast transfers, a full credit report and other premium perks
How does Nyble compare with payday loan apps?
Nyble, and apps most similar to Nyble, have several similarities and differences with payday loan apps:
Similarities
Fast funding. With both types, it’s possible to get your money within an hour of applying.
Flexible requirements. You can qualify using government benefits or private pensions as income and sometimes you won’t need to go through a credit check.
Easy online application. Use the app to apply for funding within minutes.
Differences
Payday loans are more expensive. You’ll pay $14 to $17 for every $100 borrowed, which works out to annual percentage rates (APRs) in the triple digits.
Payday loans have higher loan amounts. You can borrow up to $1,500, while apps like Nyble usually cap at $150 or slightly higher.
Payday loans are usually faster. You can get instant approval and funding 24/7 with some payday lenders.
Payday loans do not allow rollovers. With Nyble, if you don’t have enough money to repay your loan, you can choose to repay it next month or the month after. Payday lenders cannot offer this.
To sign up for Nyble or apps like Nyble in Canada, you’ll need to provide:
Your name, email address and phone number
Your date of birth
Your bank account details
Proof of ID
Nyble vs Bree
Nyble and Bree are two pay advance apps in Canada that are not payday loans. Here’s how the two compare:
Nyble
Bree
Loan amount
$30 – $150
$20 – $350
Loan term
30 days, extendable, rollovers allowed
Next pay cycle (61 days max.)
Cost
0% interest
0% interest, $2.99 monthly membership fee
Speed
Instant approval available, instant funding available for a fee
Instant approval available, instant funding available for a fee
24/7 funding
Available
Available
Eligibility
Age of majority, linked bank account
Age of majority, linked bank account
Ease of approval
Easy to get approved
Easy to get approved
Credit check
Not required
Not required
Application process
Web app, iOS app
Web app
Bottom line
Nyble is one of a few companies in Canada that allow you to borrow a small amount with no interest. If you’re looking for apps most similar to Nyble, consider Bree and KOHO. Other apps that provide quick funding for emergencies include Cash Money, iCash and PAY2DAY, but these loans will cost you more.
Leanne Escobal is a publisher for Finder. She has spent over 11 years working with financial products and 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. See full bio
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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