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Loans like Advance America

There are many Canadian lenders offering loans like Advance America. Whether you're looking for speed, convenience or cost, compare your options.

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Nyble Credit Line

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  • Access up to $150 to build credit
  • No credit history required
  • No interest or required fees
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If you’ve come across Advance America and are wondering if there are any Canadian-based alternative lenders, you have options. It’s also important to comparison shop before deciding on a lender so you don’t end up spending more than you need to. Here’s a look at loans like Advance America that you can find in Canada.

Compare cash advances like Advance America

Bree

Bree Early Pay
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Bree Early Pay

$20 – $250
Loan amount
Starting at 0%
APR
Next pay cycle (61 days max.)
Term
Bree offers small interest-free cash advances. You can borrow between $20 and $250 at one time.
  • Borrow up to $250 at 0% interest
  • No fees to apply
  • You choose your repayment date
  • No credit check required
  • Not a payday loan
  • You can only borrow small amounts
  • Fee for faster loan transfers
Loan amount $20 – $250
APR Starting at 0%
Term Next pay cycle (61 days max.)
Fees No interest or fees to access cash advance, fee for express funding (varies based on advance)
Turnaround time Within 8 hours for the express option (fee charged based on advance amount) and up to 3 business days for standard delivery

Nyble

Nyble Credit Line
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Nyble Credit Line

$30 – $150
Loan amount
Starting at 0%
APR
30 days, extendable
Term
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.
  • Borrow up to $150 at 0% interest
  • Free &amp
  • paid accounts (with a 30-day free trial)
  • No credit check
  • Not a payday loan
  • $11.99 per month for fast transfers, full credit report and other premium perks
  • Small loan amounts only
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.

KOHO

KOHO Cover
Not yet rated
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$20 – $250
Loan amount
Starting at 0%
APR
Flexible
Term
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.

Compare payday loans like Advance America

Alternative for fast payday loans: iCash

iCash Payday Loan

$100 – $1,500
Loan amount
7 – 62 days
Loan Term
2 minutes
Min. Turnaround Time
iCash is one of the fastest payday lenders in Canada. It features an automated 24/7 instant approval process, 24/7 customer support and delivers loan funds within minutes via e-Transfer. You can apply and get the cash transferred to your account any time, day or night.
  • 24/7 application, 24/7 approval, 24/7 customer support
  • Accepts many types of income including employment insurance, child tax, ODSP, AISH, provincial disability, CPP, OAS and social assistance
  • Very expensive
  • Short repayment terms
  • Only available in AB, BC, MB, NB, NS, ON, PEI
Loan amount $100 – $1,500
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

Alternative for both in-store & online options: Cash Money

Cash Money Payday Loan

$100 – $1,500
Loan amount
5 – 40 days
Loan Term
15 minutes
Min. Turnaround Time
Cash Money accepts many recurring sources of income, including CPP, child tax credit, unemployment, disability, so you don't necessarily need to be employed to get approved. It also has over 140 store locations in provinces across Canada, so you have the option to go in store for your loan too. And if you're looking for other types of loans like Advance America offers, Cash Money also offers installment loans.
  • Apply online, in-store or over the phone
  • Get an instant decision
  • Receive funds quickly: As little as 15 minutes with INTERAC e-Transfer®
  • Very expensive
  • Very short repayment terms, typically by your next payday
  • Only available in BC, MB, NL, NS, ON, SK
  • Doesn't accept social assistance in Manitoba
Loan amount $100 – $1,500
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

Alternative for payday loan app: PAY2DAY

PAY2DAY Payday Loan

$300 – $1,500
Loan amount
Up to 62 days
Loan Term
60 minutes
Min. Turnaround Time
Like other payday loan lenders in Canada, PAY2DAY offers convenient, fast pay advance loans up to $1,500. You also have the option to download the PAY2DAY app to apply quickly from anywhere on your mobile phone or tablet. You can speed up your application by validating your personal information through instant bank verification.
  • You can apply have funds transferred 24/7
  • Quick funds transfer: Within 1-2 hours via e-Transfer once approved
  • Accepts varying types of income like EI, retirement income
  • An expensive loan option
  • Short repayment terms
  • Only available in ON, BC, NS
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 Advance America compares

Advance America charges high interest rates and may be more pricey than other options like personal loans and cash apps. Here are the main pros and cons of this lender.

Pros

  • Payday loans as small as $50
  • Sometimes offers online title loans
  • Offers a convenient online calculator to understand loan costs

Cons

  • APRs run high
  • Faced previous lawsuits

Alternatives to payday loans

Payday loans like Advance America offers, while convenient, may not be the best option if you’re looking to save money on interest and get out of debt.

Did you know?

  • A $300 payday loan can typically cost between $342 and $351, depending on where you live.
  • The APR on a payday loan can easily hit over 300%.
  • The percentage of Canadians who used an online lender or payday loan to manage their daily expenses increased from 1.42% in August of 2020 to 4.52% in September in 2022.

Some cash advance apps don’t charge interest and personal loans may be a more affordable option to high interest payday loans. Compare the top cash advance apps and personal loan providers for bad credit to see if these alternatives can save you money.

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