Loans like Advance America

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.

5 lenders like Advance America in Canada

• Alternative for fast payday loans: iCASH
• Alternative for both in-store & online options: Cash Money
• Alternative for pay advance apps: Nyble
• Alternative for no-fee pay advance apps: Bree
• Alternative for payday loan apps: PAY2DAY

Alternative for fast payday loans: iCASH

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iCASH Payday Loan

$100 – $1,500
Loan amount

7 – 62 days
Loan Term

2 minutes
Min. Turnaround Time

• Info
• Features
• Details

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

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Cash Money Payday Loan

$100 – $1,500
Loan amount

5 – 40 days
Loan Term

15 minutes
Min. Turnaround Time

• Info
• Features
• Details

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 pay advance apps: Nyble

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Nyble Credit Line

$30 – $150
Loan amount

Starting at 0%
APR

Flexible
Term

• Info
• Features
• Details

Nyble is a cash advance app that provides access to a small short-term loans. Nyble charges a $4.99 - $7.99/month membership fee to sign up. You can get a loan between $30 and $150. If you're approved, the funds will be transferred to your bank account within 3 business days, although you have the option to pay a fee of $2.99 - $5.99 to receive the money within 30 minutes.

• Borrow up to $150 at 0% interest
• 14-day trial period (then you pay a monthly fee)
• You can borrow more over time (up to $500 for repeat borrowers)
• No credit check required
• Not a payday loan

• Membership fee of $4.99 - $7.99 per month
• Small loan amounts only
• Fee for instant loan transfers

Loan amount	$30 – $150
APR	Starting at 0%
Term	Flexible
Interest Rate Type	Fixed
Fees	$4.99 - $7.99/month membership fee
Origination Fee	$2.99 - $5.99
Turnaround Time	Within 30 minutes if you pay a fee of $2.99 - $5.99 or within 3 business days if you don't want to pay a fee.

Alternative for no-fee pay advances: Bree

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Bree Early Pay

$10 – $200
Loan amount

Starting at 0%
APR

Flexible
Term

• Info
• Features
• Details

Bree offers small interest-free cash advances with no fee to apply and with a 0% interest rate, with the option to leave a tip if you can afford it. You can borrow between $10 and $200 at one time. Loan funds can be transferred within 3 days for standard delivery, or within 8 hours with express delivery for a small fee.

• Borrow up to $200 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	$10 – $200
APR	Starting at 0%
Term	Flexible
Interest Rate Type	Fixed
Fees	None
Turnaround Time	Less than eight hours if you pay a $1.99–$6.99 fee or up to three business days.

Alternative for payday loan app: PAY2DAY

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PAY2DAY payday loan

$300 – $1,500
Loan amount

Up to 62 days
Loan Term

60 minutes
Min. Turnaround Time

• Info
• Features
• Details

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	Yes

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.

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.