5 loans like Cash App in Canada

Cash App is a finance app that provides peer-to-peer payments, everyday banking and investing services. Its Cash App Borrow feature allows eligible Cash App users in the US to take out a short-term loan of up to $200 to cover financial emergencies.

However, you’ll need to satisfy specific eligibility requirements to qualify for a loan.

Is Cash App in Canada?

No. Unfortunately, Cash App isn’t available in Canada, and is only available to select customers in the USA and the UK.

But if you’re looking for a small, short-term loan, there are several other options to consider. Check out these five loans like Cash App in Canada.

5 loans like Cash App in Canada

1. Nyble

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Nyble Credit Line

$30 – $150
Loan amount

Starting at 0%
APR

Flexible
Term

• Info
• Features
• Details

Nyble is a pay advance service that allows you to borrow up to $150 from your next paycheque. There are no interest charges or late fees on the money you borrow, but keep in mind that a monthly subscription fee applies.

• Easy to apply
• No credit checks
• No interest

• Advance amount may be too small for some borrowers
• Monthly fee applies
• Extra fee if you want funds instantly

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.

2. Bree

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Bree Early Pay

$20 – $200
Loan amount

Starting at 0%
APR

Next pay cycle
Term

• Info
• Features
• Details

Pay advance service Bree lets you borrow as much as $200 to help you cover expenses until your next payday. It's easy to apply and there are no interest charges to worry about, but there is a fee if you want fast access to the funds.

• Easy application process
• No credit checks
• 0% interest and no late fees

• Loan amount may not be enough for your needs
• Monthly fee for Bree's budgeting tool
• Fee for fast transfers

Loan amount	$20 – $200
APR	Starting at 0%
Term	Next pay cycle
Interest Rate Type	Fixed
Fees	No interest or mandatory fees
Turnaround Time	Less than eight hours if you pay a $1.99–$6.99 fee or up to three business days.

3. 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

Next on our list of instant loans like Cash App in Canada, iCASH is an online payday lender available 24/7. You can get approved and funded for a loan within an hour, and iCASH also offers a mobile app for convenient applications.

• 4.8/5 stars based on over 2,100 Trustpilot reviews
• Get money within an hour
• Get funded 24/7

• Payday loans are expensive
• Short repayment terms
• Not available in all provinces

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

4. 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 offers payday loans and lines of credit to Canadians. This lender has been operating since 1992 and you can apply online, at a local store or over the phone.

• Range of loan sizes available
• Fast access to funds
• Established lender with A+ Better Business Bureau rating

• Not available in all provinces
• High cost of borrowing
• Minimum credit score requirements

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

5. 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

Pay2Day is a payday lender that accepts online and in-store loan applications. You won't need to undergo a credit check to apply, and support for Interac e-Transfers means you can get the money you need quickly.

• Get cash in 1-2 hours
• 4.8/5 stars based on over 4,200 Trustpilot reviews
• 24/7 online approvals and funding

• Not available in all provinces
• High cost of borrowing
• Short loan terms

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 to find the best cash app in Canada

There are several factors to consider when searching for the best cash app in Canada. Factors to consider include:

• Loan amount. Check out how much you can borrow through these Cash App alternatives. Some offer small loans of $200 or less, while others provide access to payday loans of up to $1,500.
• Turnaround time. Read the fine print to find out how long it will take you to apply for a loan, get approved and get funded. If you need money fast, some services allow you to get a loan within an hour. Learn more about fast, easy loans.
• Interest rate and fees. Check the total cost of borrowing, including any interest rates and fees. If you take out a payday loan, the maximum amount a lender can charge you is limited to $14 to $17 for every $100 borrowed depending on where you live. If you use a pay advance service, there are typically no interest charges but subscription and express transfer fees often apply.
• How to access funds. Will the funds be sent to your bank account via Interac e-Transfer or direct deposit, or will you be able to spend the loan amount using a prepaid debit card?
• Eligibility requirements. Find out what criteria you’ll need to meet to qualify for a loan, such as credit score, income and employment requirements.
• Other features. Finally, be sure to check what other financial services (if any) the app offers. These may include:
  • Peer-to-peer payments
  • Budgeting and money management tools
  • Investing services
  • Cash back on purchases

Where to get small loans in Canada

If you need to take out a small loan in Canada, you probably won’t be able to find what you need at a bank or credit union. These traditional lenders tend to have high minimum personal loan amounts, commonly $1,000 – $3,000, which may be more than you need to borrow.

However, the good news is that there are still several other options to consider:

• Personal loans from online lenders. Online lenders offer smaller loan amounts and also have more lenient eligibility requirements than traditional lenders. Loan amounts start from $500 and it’s easy to apply online, but watch out for high rates.
• Payday loans. Payday loans offer fast access to amounts of up to $1,500. You can apply online or in-store, but be aware that payday loans are an extremely expensive way to borrow money.
• Pay advance apps. Pay advance services offer small loans that are typically $200 or less. There’s no interest and no credit checks to worry about, but a subscription fee usually applies. You may also need to pay an additional fee if you want to access the funds straight away.
• Credit card cash advances. A credit card cash advance is a quick and convenient way to access emergency funds. Just be aware that a cash advance fee and high interest rates apply.
• Overdrafts. Choosing overdraft protection on your chequing account can help you avoid NSF fees when you get short of funds. However, high interest rates and overdraft fees apply.

Where to get quick emergency loans in Canada

When you need money in a hurry, there are two main emergency loan options to choose from:

• Payday loans. Payday loans allow you to take out an emergency loan in as little as an hour in some cases. You can apply online or in-store, and some lenders operate 24/7. However, payday loans have very short repayment terms and come with very high APRs, so they should only be considered as a last resort.
• Personal loans. Online personal loan lenders allow you to apply for a loan and get funded within 24 hours. They offer longer terms and higher amounts than payday loans, but the eligibility requirements are usually stricter.

Depending on your circumstances, there are a couple of other options you may like to consider. If you only need a small loan of $100 or so, a pay advance service may be the most cost-effective solution. Alternatively, if you need cash fast without the hassle of applying for a new loan, you might want to use your credit card to withdraw a cash advance.

Ultimately, you’ll need to compare a range of loan options to find the best solution, and check out our emergency loans guide for more information.

Frequently asked questions

• Why is Cash App not in Canada?

  Cash App is only available in the USA and the UK, not in Canada. However, there are several other services that offer peer-to-peer payments in Canada.

• When will Cash App be available in Canada?

  There has been no public announcement of an official launch date for Cash App in Canada.

• How does Cash App work?

  The Cash App platform offers fast and free peer-to-peer money transfers. Once you create an account and link it to your bank account, credit card or debit card, you can use Cash App to send money to and request money from other Cash App users.