Cash Central is a US-based lender that offers payday and installment loans. It’s upfront about its rates and terms, and if US residents apply at a store, they could receive the loan within the same day.
But like other payday loan lenders in both the US and Canada, Cash Central charges high fees resulting in APRs exceeding 500% in some cases. Pay advance apps are typically a cheaper alternative, as they typically don’t come with interest or fees on what you borrow, which can help you avoid a cycle of debt.
Since Cash Central only operates in the US, we’ve rounded up this list of Canadian alternatives including pay advance apps, payday loans and installment loan options. These alternatives come with features like lower fees, same-day funding and Interac e-Transfer depending on the type of loan.
No, Cash Central is not available in Canada. In order to apply for a Cash Central loan product, you’ll need to have a Social Security number, which you can only have if you’re a US citizen, permanent resident or temporary resident.
| 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 |
| Loan amount | $100 – $1,500 |
|---|---|
| APR | Varies by province |
| Term | Up to 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 |
|---|---|
| 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 |
| 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 |
| Loan amount | $30 – $150 |
|---|---|
| APR | Starting at 0% |
| Term | 30 days, extendable |
| Fees | 0% interest and no fees to access credit, optional $11.99/month membership for premium services like instant funding |
| Origination fee | $11.99 |
| Turnaround time | 1-30 minutes with a paid membership or 1-3 business days with a free membership. |
| 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 |
| Loan amount | $500 – $1,000 |
|---|---|
| APR | 28% – 32% |
| Term | 3 - 12 months |
| Min. credit score | 300 |
| Fees | Late payment fee (2.66% per month), $45 NSF fee, broker fee |
| Origination fee | $300 |
| Turnaround time | Receive funds in less than 24 hours |
| Serviced provinces | All of Canada (except Manitoba) |
Cash Central offers payday loans and installment loans in the 22 states across the US where it’s licensed to operate. US residents can apply online or at a retail location with funding as soon as the same-day. That said Cash Central payday loans comes with very high rates – sometimes exceeding 500% APR.
Because Cash Central isn’t available in Canada, it’s important to decide which Canadian alternative lender is the right fit for your needs.
You’ll first need to decide what type of loan to apply for based on how much money you need. If you only need a small loan to tie you over to the next payday, a 0% interest pay advance from an app like Nyble might be your cheapest option.
If you need to borrow a larger amount and you have bad credit, consider an installment loan from a lender like LoansLoans.ca.
Because they’re one of the most expensive loan options on the market, and can easily trap borrowers in a cycle of debt, it’s usually best to only use payday loans as a last resort. If you do opt for a payday loan, consider reputable lenders like GoDay and iCash, which offer online applications for up to $1,500 with loan funding within minutes of applying.
Use our list to compare the best loan apps in Canada.
We compare Nyble, Bree and KOHO cash advances based on cost, speed, eligibility criteria and more.
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If you’re searching for apps or loans like Cash App in Canada, check out these alternatives.
Cash advance service Bree allows you to borrow up to $350 with no interest and no late fees.
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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.
