Nyble vs Bree vs KOHO vs Neo Advance

Nyble, Bree, KOHO and Neo Advance all offer interest-free cash advances to Canadians. These small, short-term loans provide funds you can use to cover unexpected expenses and avoid bank account NSF fees.

But which is the best cash advance provider? To find out, we’ve compared Nyble vs Bree vs KOHO vs Neo Advance head to head.

Nyble vs Bree vs KOHO vs Neo Advance overview

	Nyble	Bree	KOHO	Neo Advance
Loan amount	$30 – $250	$20 – $750	$20 – $500	$20 – $300
Loan term	31 days, extendable, due date changes allowed	Next pay cycle (90 days max)	Flexible	Up to 34 days
Free advance available	Yes	Yes	No	No
Monthly fee	No fee for standard funding, $11.99 for instant advances and other perks	No fee for standard funding, $2.99 – $45.99 per transfer for instant transfers (varies based on amount)	KOHO Cover monthly fee starts at $2 KOHO plan fee may also apply	$9.99 for a Neo Build membership
Interest rate	0%	0%	0%	0%
Speed	Instant approval available, instant funding available for a fee (otherwise one to three business days)	Instant approval available, instant funding available for a fee (otherwise one to three business days)	Instant approval and funding	Instant funding
24/7 funding	Yes	Yes	Yes	Yes
Eligibility	Age of majority, linked bank account, recurring income	Age of majority, linked bank account, recurring income	Age of majority, KOHO account	Age of majority, Canadian resident, Neo membership, Neo Chequing acccount
Income requirements	Must receive direct deposit income of more than $1,000	Must receive recurring income as direct deposit on consistent dates	None	None
Credit check	Not required	Not required	Not required	Not required
Application process	Website, Android app, iOS app	Website, Android app, iOS app	Website, Android app, iOS app	Website, Android app, iOS app
Extra perks	Credit building (plus premium members get a higher rewards rate, identity theft protection and credit monitoring)	1-month free trial of its budgeting tool	3-month trial of its Everything Plan (learn more about KOHO sign-up bonuses)	Reports repayment activity to credit bureaus and 30-day trial of its Build plan
	Go to siteRead review	Go to siteRead review	Go to site Read review	Read review

Nyble vs Bree vs KOHO vs Neo Advance: Which is the best?

So is Nyble, Bree, KOHO or Neo Advance the best cash advance app? It all depends on what features you value most when getting a short-term loan.

Best for cheap advances: Nyble or Bree

• Fee-free advances available. Both Nyble and Bree allow you to access fee-free cash advances. But if you want instant access to funds, a fee applies.
• No interest. Nyble doesn’t charge any interest on the money you borrow and neither does Bree.

Best for high amounts: Bree

• Borrow up to $750 from Bree. Nyble’s maximum is $250, while KOHO’s is $500.

Best for credit building: Nyble or Neo Advance

• Improves your credit score. Both Nyble and Neo Advance report payments to the credit bureaus, which can help you boost your credit score if you make on-time payments. Bree and KOHO currently don’t offer this perk.
• No credit needed. You don’t need any prior credit history to access a cash advance from Nyble or Neo Advance.
• Premium perks. Premium Nyble members get full access to their credit report, credit monitoring, identity theft protection and a higher rewards rate. Neo’s paid memberships include credit score monitoring and credit-building tools, and upgrading to a Grow membership can unlock higher advance limits.

Best for flexible repayments: Nyble or KOHO

• Flexible repayment options. Nyble allows you to change the due date as needed without late fees. KOHO Cover allows you to make repayments any time, also without late fees.

How do cash advance apps work?

Cash advance apps offer fast access to short-term loans of around $20 to $750. These advances are interest-free and are designed to help you cover essential expenses and get through to your next payday.

There are no credit checks needed to apply, so bad credit or a limited credit history won’t stop you from getting funded. Depending on the provider, you may need to pay a small fee to access instant transfers rather than waiting up to three business days to receive your cash. Some providers charge an ongoing monthly membership fee.

How do I qualify?

The eligibility requirements for cash advances vary between providers. As a general rule, you’ll need to:

• Be the age of majority in your province or territory
• Have a valid Canadian bank account
• Have a regular source of income

Check with your chosen cash advance provider before applying to ensure you’re eligible.

Bottom line

Nyble, Bree, KOHO Cover and Neo Advance all offer easy access to small cash advances. Nyble and Bree offer the cheapest advances, Bree offers the largest loan amounts, and both Nyble and Neo Advance report repayment activity to the credit bureaus. If you’re looking for flexible repayments, Nyble and KOHO have you covered, while KOHO and Neo Advance offer instant funding at no additional charge.

Compare Nyble vs Bree vs KOHO vs Neo Advance relative to your specific financial needs to decide which one is right for you.

Related: Cash advance apps in Canada

Frequently asked questions

• How do I repay a cash advance?

  Typically, repayments are automatically deducted from your bank account on the due date. Let your provider know in advance if you need more time, assuming extensions are allowed.

• How does KOHO Cover work?

  KOHO Cover provides easy access to an interest-free cash advance of up to $500 for KOHO account holders. You can sign up for Cover through the KOHO app and there are no credit checks, but there's a monthly subscription fee and you may also need to pay a KOHO plan fee. Read our full KOHO Cover review for more details.

• How much can I get with a Bree cash advance?

  Bree offers interest-free cash advances ranging from $20 to $750. You can apply online in minutes and there are no credit checks, but you'll need to pay a $2.99 monthly subscription fe plus an extra fee if you want instant transfers. Check out our full Bree review to find out more.

• How does Nyble work?

  Nyble provides access to a cash advance of up to $250. There are no interest charges and it's easy to apply. Plus, Nyble reports your payments to Canada's credit bureaus, which can help improve your credit score. However, you'll need to pay an ongoing monthly membership fee if you want instant access to funds. Check out our full Nyble review for more details.

• How does Neo Advance work?

  Neo Advance gives eligible Neo Chequing account holders access to an interest-free cash advance of up to $300 when their account balance falls below $0. You'll need a paid Neo membership to use it, but there's no credit check or income requirements. Neo also reports your repayment activity to Equifax and TransUnion to help you build your credit history. Read our full Neo Advance review for more details.

• What is similar to Bree and Nyble?

  KOHO Cover is a similar cash advance service to Bree and Nyble. It provides interest-free cash advances of up to $500 to help you cover unexpected expenses. There are no credit checks to apply, and you can repay the money at any time. However, you'll need to pay a monthly KOHO Cover fee, while an extra subscription fee may also apply, depending on the KOHO plan you choose.