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4 loans like Speedy Cash

Find payday loans with speed and convenience just like this popular lender.

If you’re looking for a payday lender that prioritizes speed and convenience, Speedy Cash fits the bill. But there are other payday lenders that can get the job done, too. Here’s a look at alternatives that are similar to the Speedy Cash payday loan in Canada but may better suit your needs. Bear in mind, payday loans are one of the most costly ways to borrow money, and should be used as a last resort.

⚠️ 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.

If you’re looking for flexible income requirements: Cash Money

Cash Money Payday Loan

$100 – $1,500
Loan amount
5 – 40 days
Loan Term
15 minutes
Min. Turnaround Time
Whether you're a freelancer, or you rely on government benefits, a pension, or other sources of income, you can turn to Cash Money to get approved for a loan. It accepts many recurring sources of income, including EI, pension, disability, Canadian Child Benefit and more, so you don't necessarily need to be employed to apply for a loan. You will need proof of income, such as bank statements.
  • Apply online, in-store or over the phone
  • Receive funding minutes via INTERAC e-Transfer
  • Accepts various forms of income
  • Incredibly high fees for every $100 borrowed
  • Quick repayment terms
  • Unavailable across Canada
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 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-only payday lender so your application is done via a paperless application. Once you submit your application, you'll receive a decision within seconds. GoDay accepts many types of income, including employment, Canada Child Benefit, private and government disability income, OAS, CPP and private pensions.
  • Easy online application
  • Instant pre-approval decision
  • Many types of income accepted
  • Sky-high fees
  • Caps on how much you can borrow ($1,500)
  • No in-person interaction:Late and NSF fees
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 24/7 e-Transfer: iCASH

iCASH Payday Loan

$100 – $1,500
Loan amount
7 – 62 days
Loan Term
2 minutes
Min. Turnaround Time
Sometimes you need access to cash and can't wait until the next business day. If you're in a lurch, keep iCASH in your back pocket. iCASH operates 24/7, 365 days a year, using software that can review your application at all hours of the day to provide instant approval. Once you've signed your contract, iCASH will send your funds in minutes via INTERAC e-Transfer. (Speedy Cash doesn't have 24/7 support.)
  • Easy online application
  • Instant decisions and pre-approvals
  • 24/7 customer support and e-Transfers
  • Bad credit or no credit doesn't matter
  • Incredibly high fees
  • Quick repayment terms
  • No in-person interaction
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 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 worried that a credit check may bar you from getting qualified for a payday loan, try Money Mart. It does not do credit checks, so you can still qualify even with bad credit or no credit at all. The application instead focuses on your income and ability to repay the loan.
  • Apply online, or in-store at more than 120 locations
  • Payout via cash in person, direct deposit or e-Transfer
  • Bad credit or no credit doesn't matter
  • Accepts many types of income
  • Incredibly high fees for every $100 borrowed
  • Short repayment terms
  • Late and NSF fees
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 Speedy Cash compare?

Speedy Cash shares similar features to its contenders, such as:

  • Loan amount caps. Apply for a payday loan between $200 and $1,500, depending on your income.
  • Many types of income accepted. Qualify with income from employment, employment insurance, child tax benefit and seniors’ pension.
  • Quick access to funds. You can get your Speedy Cash payday loan within 1 hour to 1 business day via e-Transfer or direct deposit.
  • Easy application. Just like its competitors, you can apply for a Speedy Cash loan quickly online. It also has physical storefronts if you prefer applying in person, too.

Features of loans like Speedy Cash

Across the board, payday loans like the one provided by Speedy Cash in Canada includes features, such as:

  • Caps on how much you can borrow. With payday loans you can only borrow up to $1,500, so if you need more cash, this may not be your best option. Consumers in some provinces also can’t borrow more than 30% or 50% of their net income, and some lenders cap how much you can borrow on your first loan.
  • Short repayment terms. As indicated in their name, you’re typically required to pay back your loan by your next payday, or up to 62 days, depending on the province you live in. When you apply for a loan, the lender asks you how frequently you’re paid to determine your final repayment due date.
  • Bad credit doesn’t matter. You can apply with bad credit or no credit at all. That’s because payday lenders shift the emphasis from your credit score to your ability to repay your loan. Make sure you can prove you have a stable income and you should be in the clear.

Downsides of loans like Speedy Cash in Canada

On the whole, borrowers must tread carefully with payday loans like the one on offer from Speedy Cash for these key reasons:

  • Incredibly steep interest rates. Payday lenders charge excessive fees, ranging between $15 to $25 for every $100 borrowed, depending on the province you live in. That’s an annual percentage rate (APR) of 400% or more. This makes payday loans one of the most expensive ways to borrow.
  • Short repayment terms. Make sure your budget can accommodate a loan repayment by your next pay day. With payday loans, terms typically cap out at 62 days with most lenders expecting you to repay your loan by your next payday.
  • Disreputable lenders. The payday lending space is rife with predatory lenders. Check to make sure the payday lender you’re working with is licensed and follows provincial or territorial laws and regulations.
  • Increases your chances of staying in a cycle of debt. The combination of sky-high fees and quick repayment terms could spark a snowball of debt if you don’t have a clear-cut plan to pay off your loan. If you miss a payment, the fees worsen and this could have a negative effect on your credit rating too.

Bottom line

If you’re thinking about taking out a payday loan, Speedy Cash is a solid choice for a quick and seamless process. But there are other lenders worth checking out too during your comparison shopping. Remember: payday loans should be a last-resort option – if you can qualify for a personal loan, line of credit or installment loan, these will have lower interest rates and better terms.

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