Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

4 loans like Loan Express

Find payday loans with features similar to the loans offered by this Canadian lender.

Payday loans are readily available across Canada for anyone who’s in a financial pinch. While Loan Express is an option with features like a speedy approval process and multiple ways to receive your funding, its contenders can provide the same offering too. Here’s a look at loans like Loan Express to help you make a final decision.

⚠️ Warning: Be cautious with payday loans
Payday loans are expensive. 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). Consider alternatives instead of a payday loan:
  • Local resources. Government programs and nonprofits offer free financial services and help with food, utilities and rent.
  • Debt relief companies. There are services to help you reduce your debt payments.
  • Payment extensions. Talk with bill providers about longer payment plans or due-date extensions.
  • Side jobs. Sell unwanted items online, sign up for food delivery and more.

Our top 4 loans like Loan Express

If you’re looking for a lender that accepts government benefits: Cash Money
If you’re looking for 24/7 approval and e-Transfer: iCASH
If you’re looking for an instant decision: GoDay
If you’re looking for no credit check: Money Mart

If you’re looking for a lender that accepts government benefits: Cash Money

Benefits include Canada child benefit, pension, disability and more.

Cash Money Payday Loan

$100 – $1,500
Loan amount
5 – 40 days
Loan Term
15 minutes
Min. Turnaround Time
Cash Money accepts many types of income sources, not just employment. You can apply using benefits like Canada child benefit, EI, CPP, social assistance or disability. (However, Cash Money does not accept social assistance in Manitoba.)
  • Choose from applying online, in-store or over the phone.
  • If approved, access your funds in as little as 15 minutes via Interac e-Transfer.
  • Receive a decision on your application on the same day.
  • EI, CPP and other government benefits are accepted as forms of income.
  • Watch out for fees of up to $19 for every $100 borrowed, depending on the province you live in.
  • Repayment terms of 14 days or your next payday, up to 40 days.
  • Unavailable in Alberta, Quebec, Newfoundland, PEI, Yukon, Nunavut and the NWT.
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

If you’re looking for 24/7 approval and e-Transfer: iCASH

iCASH Payday Loan

$100 – $1,500
Loan amount
7 – 62 days
Loan Term
2 minutes
Min. Turnaround Time
iCASH is one of the fastest payday lenders in Canada. It gives an instant decision on your application and sends your money quickly via e-Transfer 24/7.
  • Apply for a payday loan in just minutes and receive an instant decision.
  • Round-the-clock customer care, with an automated approvals process.
  • Flexible requirements, accepting borrowers with bad credit and no credit.
  • Receive your cash quickly via Interac e-Transfer.
  • Beware of steep fees of up to $19 for every $100 borrowed, depending on where you live.
  • Repayment terms of 2 weeks up to 62 days, depending on where you live.
  • Not available across Canada.
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

If you’re looking for an instant decision: GoDay

GoDay Payday Loan

$100 – $1,500
Loan amount
1 – 62 days
Loan Term
2 minutes
Min. Turnaround Time
GoDay is an online payday lender that promises a quick application process and a transfer of funds within the hour. Get an instant decision with no paperwork required.
  • Apply completely online to receive an instant decision on your loan.
  • Once approved, receive your funds within the hour via Interac e-Transfer
  • Borrowers with bad credit, no credit and alternative sources of income are encouraged to apply.
  • First-time borrowers can only get approved for up to $500.
  • Excessive fees ranging from $15 to $19 for every $100 borrowed, according to provincial regulations.
  • Repayment terms of 14 days or your next payday up to 62 days.
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

If you’re looking for no credit check: Money Mart

Money Mart Payday Loan

$120 – $1,500
Loan amount
1 – 62 days
Loan Term
60 minutes
Min. Turnaround Time
If you're wary about having your credit pulled during the application process, consider Money Mart. This direct lender prioritizes your income instead of your credit score by looking at your bank statements.
  • No credit checks required to get approved.
  • Choose from applying in person or online, depending on your preferences.
  • Apply with bad credit, no credit or a history of bankruptcy.
  • More than 120 store locations across Canada.
  • Excessive fees ranging from $15 to $19 for every $100 borrowed, depending on the province you live in.
  • You must have full-time or part-time employment to qualify.
  • Not available across Canada.
Loan amount $120 – $1,500
APR Varies by province
Term 1 - 62 days
Min. Turnaround time As little as 1 hour after getting approved
How to apply Online
In Store
Credit Check No
Maximum borrowing costs per province
Always refer to your contract for exact repayment amounts and costs as they may vary from our results.
Province Maximum allowable cost of borrowing
Alberta, British Columbia, New Brunswick, Ontario & Prince Edward Island $15 per $100 borrowed
Manitoba & Saskatchewan $17 per $100 borrowed
Nova Scotia $19 per $100 borrowed
Newfoundland and Labrador $21 per $100 borrowed
Northwest Territories, Nunavut & the Yukon $60 per $100 borrowed
Quebec Limit of 35% annual interest rate (AIR)

How does Loan Express compare?

Loan Express has been providing payday loans to Canadians for over 15 years, with instant approvals and speedy payouts as its key features. You can read our Loan Express review for more details.

Pros

  • Online applications available 24/7.
  • Get your cash via direct deposit or Interac e-Transfer.
  • Bad credit and no credit are okay.

Cons

  • Extremely high fees ranging from $15 to $21 for every $100 borrowed in the provinces it services. Loan Express is not clear about how much it charges in the territories.
  • Must have a steady source of income to prove you can make repayments.

Features of loans like Loan Express

Online payday loans like those provided by Loan Express share a similar set of features, including the following:

  • Easy application. You can usually apply for payday loans online in under 10 minutes, and you won’t have to fax any of your documents over. There’s no need to visit any physical locations unless you choose to apply in person (provided these lenders have a physical location nearby).
  • Fast turnaround time. If you need money quickly, payday loan lenders usually provide approval within minutes to hours. Count on getting your funds in as little as a few minutes after approval, depending on the lender you’re working with.
  • Bad credit doesn’t matter. Payday lenders shift the emphasis from your credit score to your ability to repay your loan. As long as you can prove you have a stable income to repay your loan, you should be in the clear.

Risks of loans like Loan Express

  • Short repayment terms. Payday loans get their name because you’re typically required to pay back your loan by your next payday. They’re short-term solutions to your financial problems, so you’ll need to have a concrete plan for how to repay your loan when it’s due by your next payday.
  • Incredibly high rates and fees. Due to their short-term nature and accessibility, payday loans come with much higher annual percentage interest rates (APRs) than other forms of credit. Expect fees between $15 to $25 for every $100 borrowed depending on your province or territory. With fees like this, APRs are roughly 400% or more.
  • Increases your chances of staying in a cycle of debt. With quick repayments and high APRs, payday loans could leave you in a spiral of debt. And with steep interest rates and more penalties for not repaying your loan on time, they can trigger a snowball of debt if you don’t have an exit strategy.

How to apply

If you’re ready to apply for a payday loan, follow these steps:

  1. Visit the lender’s website.
  2. Provide information about yourself, including your date of birth, mailing address and contact details.
  3. Fill in your employment details or benefits information if you’re receiving government benefits such as a pension, EI or welfare.
  4. Provide information about your monthly income, including how frequently you’re paid.
  5. Enter your bank account details and agree to electronic transfers. Confirm the website is secure before providing this information.

You’ll need to read over a lender’s terms of service and privacy policy before submitting your application. The best payday loan providers will always have a secure online application and outline your loan’s final amount so you know exactly how much it will cost to borrow. Payday lenders are not allowed to charge more than the amount capped by provincial rules.

Bottom line

If you’re looking for a payday lender that approves applications outside of business hours, accepts different forms of income and provides no credit check, Loan Express fits the bill. But it’s always worth shopping around and comparing lenders before submitting your application. You may find an alternative option that will save you money or make it easier to manage your loan in the long run.

Frequently asked questions

More guides on Finder

Go to site