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Ez Cash Now review

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Our verdict

Ez Cash Now says it offers payday loans, but we're not signing off on its legitimacy.

EzCashNow is an online payday lender that says it offers loans of up to $1,500. Bad credit is accepted and EzCashNow says your funds will be available within minutes. However, there are some concerning factors and key risks you should know before you consider applying for a loan. Learn more below.

In this guide

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  • Your reviews

Is Ez Cash Now legitimate?

We have significant concerns about the legitimacy of EzCashNow. EzCashNow is not a licensed payday lender. It shares an address and phone number with other online lending companies we have concerns about and it has an underdeveloped website.

Specifically, our research into EzCashNow raised the following issues:

  • Not a licensed lender. In its website FAQ, EzCashNow says it offers loans to residents throughout Canada except for Alberta and Quebec. However, we couldn’t find EzCashNow listed in the business licence databases of provinces such as Ontario, British Columbia and Nova Scotia.
  • Conflicting information. On its homepage, EzCashNow says it only offers loans in Nova Scotia – despite its FAQ stating that it offers loans everywhere except Alberta and Quebec.
  • Not registered. We couldn’t find EzCashNow listed in Canada’s business registries.
  • Shares contact details with other lending companies. The phone number and mailing address EzCashNow lists on its website are shared by Planet Loan Inc., Apple Cash Loans and Faxless Payday Loan, three other lenders of questionable legitimacy.
  • F rating from BBB. Planet Loan Inc., which shares contact details with EzCashNow, has an F rating from the Better Business Bureau (BBB) and is not BBB-accredited. The bureau had also closed 51 complaints against Planet Loan Inc. in the three years prior to writing.

Legitimate alternatives to Ez Cash Now

⚠️ 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.
1 - 3 of 3
Name Product Loan Amount Loan Term Interest Rate Turnaround Time Serviced Provinces Offer Table description
iCash Payday Loan
$100 - $1,500
7 - 62 days
Varies by province
As little as 2 minutes with INTERAC e-Transfer®
Get up to 20% in cash back once your payday loan is fully repaid. Conditions apply.
Same day cash up to $1,500 for car payments, rent, mortgage, home & appliance repair, and more. 24/7 instant approval and e-Transfer funding. Income of at least $800/month required.
Money Mart Payday Loan
$120 - $1,500
1 - 62 days
Varies by province
As little as 1 hour after getting approved
To be eligible, you’ll need to be at least 18 years of age with a steady source of income and a chequing account. No credit check required.
Cash Money Payday Loan
$100 - $1,500
5 - 40 days
Varies by province
As little as 15 minutes with INTERAC e-Transfer®
Apply for your first $300 payday loan at a $20 cost (excludes SK applicants).
Instant decision and e-Transfer funding. Income of at least $1,000/month required.

What do reviews say about Ez Cash Now?

We couldn’t find any independent online reviews for EzCashNow. However, Planet Loan Inc., the company with which EzCashNow shares an address and phone number, has an average rating of 1 out of 5 from six reviews on the Better Business Bureau website. The BBB had also closed over 50 complaints against Planet Loan Inc. in the previous three years.

Issues commonly reported included providing sensitive personal information and then getting rejected for a loan, poor customer service and loan payments being deducted early.

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 $17 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

What is the Ez Cash Now application process like?

EzCashNow will ask you to provide the following information when you apply:

  • Your name
  • Your email address and phone number
  • Your residential address

EzCashNow may ask for more details such as your bank account information as you continue through the application process.

How to find a legitimate payday lender

Remember the following tips to help you find a reputable payday lender:

  • Check if they’re licensed. Make sure the lender you choose is licensed to offer payday loans where you live. You can typically do this through the consumer affairs office in your province or territory.
  • Know the payday lending regulations. Payday loan regulations vary from province to province and outline the rights of borrowers and responsibilities of lenders. Check with your local consumer affairs office to find out about the regulations where you live. Be sure to choose a lender that abides by those rules.
  • Know how to spot a scam. From promising guaranteed approval to requesting an upfront fee, there are lots of common red flags that can indicate a payday loan scam. If you notice any of these warning signs, walk away.
  • Read independent reviews. Check out independent customer reviews on sites like the Better Business Bureau and Trustpilot to find out whether a lender is trustworthy.

Bottom line

We have serious concerns about the legitimacy of EzCashNow. If you’re looking for a payday loan, we recommend comparing loans from legitimate lending companies.

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