Get a $100 loan in Canada

If you need a $100 loan fast but your financial circumstances aren’t great, you may be wondering whether any lenders can approve you. The good news is that there are lenders in Canada with easy eligibility requirements: payday lenders and cash advance apps. They provide instant decisions and funding online, and many don’t require credit checks. But you might encounter steep interest rates.

Check out your $100 online options in this guide to find the right match for you.

Jump to:

• $100 cash advances (0% interest, instant for an extra fee)
• $100 payday loans (high interest, instant)

Compare $100 cash advances with instant funding

Get a $100 loan within minutes by downloading the app or going to the website of one of the cash advance providers below.

Compare $100 instant payday loans

Payday loans have easy requirements and you can get one 24/7, but they have extremely high rates, so it’s best to only apply as a last resort.

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At a glance: Popular $100 loan lenders with apps

Below are payday lenders and cash advance apps that have highly rated apps and offer $100 loans.

Lender	Instant approval	Instant funding	iOS app	Android app
KOHO			4.8 stars	4.4 stars with 1m+ downloads
Bree			4.9 stars	4.8 stars with 10k+ downloads
Nyble			4.8 stars	4.8 stars with 1k+ downloads
iCash			4.8 stars	4.8 stars with 500k+ downloads
Cash Money			4.7 stars	4.1 stars with 100k+ downloads

Can you get a guaranteed $100 loan in Canada?

It’s not possible to get a guaranteed $100 loan in Canada because legitimate lenders need to review your finances before approving. However, it is possible to get easy approval even when your financial situation isn’t the best. Lenders like iCash and GoDay can offer almost-guaranteed loans. As long as you have a steady income and there’s room in it to repay a $100 loan, you have a realistic chance of getting approved.

Also, most lenders consider $100 to be a small loan, which makes them more lenient with their approvals.

Where can I borrow $100 instantly?

You can borrow $100 instantly from payday lenders like iCash and cash advance lenders like Nyble. To get instant approval, connect your bank account via bank verification. This allows lenders to quickly verify your income and identity without needing any paperwork from you.

To get instant funding, your bank account must be registered for Interac e-Transfer, which is faster than direct deposit.

Get a $100 cash advance in Canada through the app

Lenders like iCash and Cash Money offer apps where you can get a $100 payday loan instantly. These Canadian apps allow you to fill out an application, get approval for the $100 cash advance and arrange to have the money transferred to your account all from your phone. You can learn more about loan apps in our guide.

Related: Best instant loans

Can I get a $100 loan with no credit check?

Yes, you can get a $100 loan with no credit check from cash advance apps like KOHO, Bree and Nyble. These apps let you borrow small amounts, like $100, at 0% interest without the need for a credit check.

You may have to pay a small fee, but getting a no-credit-check $100 loan from cash advance apps like these is still cheaper than getting a payday loan.

$100 payday loan vs $100 cash advance in Canada

In Canada “cash advance” is often used interchangeably with “payday loan,” but cash advances from lenders like Nyble and Bree are a different product from payday loans from lenders like iCash and Cash Money. Both are small, short-term loans but with these key differences:

• Payday loans cost $14 for every $100 borrowed.
• Payday loans must be repaid by your next payday, whereas $100 loans from Nyble or KOHO, for example, have extendable due dates.
• Payday loans do not help your credit score and will negatively impact your credit score if you default. A $100 loan from apps like Nyble can boost your credit score.

How to compare $100 payday loans in Canada

If you’re searching for $100 payday loans, here are some factors to consider:

• Licensed. There are many payday lenders to choose from, but be sure your lender is licensed in your province.
• Speed. Payday lenders are generally fast, but if you need a $100 cash advance in Canada as soon as possible, especially outside of standard business hours, look into 24/7 e-Transfer payday loans.
• Income. Some payday lenders accept more types of income than others. You’ll need to find a lender that accepts your income, especially if your income is from social assistance, ODSP or other disability benefits.

Steps to apply

Whether you’re applying to a payday lender or cash advance lender, the steps to get a $100 loan are similar:

1. Visit the lender’s website. Click the “Go to site” button once you decide which $100 loan to apply for. There, you can review the final fees and loan terms on the official website before submitting your application. You’ll need your personal and banking details on hand to verify your identity and income.
2. Get approved. Approvals on $100 loans are usually instant, though sometimes a lender may mark your application for a manual review. In this case, approval can take a few hours.
3. Get financed. Once you’ve been approved for your loan, you should receive the money within a few minutes via e-Transfer

Am I eligible for a $100 cash advance in Canada?

You can generally get a $100 loan in Canada if you meet the following criteria:

• Age. You are at least 18 years old or the age of majority in your province or territory.
• Income. You have a recurring income. (But in KOHO’s case, you don’t need to provide proof of income.)
• Bank account. Your income is deposited regularly into a bank account in your name.

Can you apply for $100 loans with bad credit?

Yes, you can apply for $100 loans with bad credit. Payday loans and cash advances come with minimal eligibility requirements, and sometimes a credit check isn’t required, so you can borrow $100 even if your credit history isn’t the best.

Keep in mind that loans with easier eligibility requirements cost more overall. Payday loans especially are some of the most expensive loans you can get in Canada, so make sure you can afford the repayments before signing on the dotted line.

Before you get a $100 payday loan in Canada with bad credit

Are $100 payday loans the right financial help when you have bad credit? The answer depends on a few factors.

First, a small loan, such as a $100 loan, is only suitable as a one-time solution for emergencies. If you have structural financial problems that cause you to repeatedly turn to payday loans, you may wish to consider credit counselling or another form of financial assistance.

Second, be sure you can repay your loan on time. Missing the due date on your repayment will result in additional charges, which can add more pressure to your finances.

Third, before accepting a $100 cash advance in Canada, read the lender’s terms and conditions. Never take on a loan that you don’t understand. For example, in some provinces, payday lenders must allow you to cancel a payday loan within two business days, and knowing this regulatory rule can help.

Must read: Top debt relief companies

How much do $100 loans cost?

The cost of a $100 loan depends on where you apply. Below is a cost breakdown of different loans.

	$100 payday loan	$100 cash advance (instant speed)	$100 cash advance (standard speed)
Fee	$14 for every $100 borrowed	$11.99 monthly fee	$2.99 monthly fee
Total loan cost	$114	$111.99	$102.99

Questions to ask before applying online

There are a few factors to take into account before getting a $100 loan online:

• Do I need repayment flexibility? If you need time to repay a $100 loan, it might make more sense to borrow from a lender like Nyble vs a lender like iCash.
• What is the reputation of the lender? The internet has given rise to a number of online lenders, so find out if the $100 loan lender is legitimate and trustworthy before you apply and accept a loan.
• What do you need the loan for? Lenders that offer $100 loans design their products for financial emergencies, such as covering an unexpected bill, avoiding overdraft or paying an essential expense.

Summary: Pros and cons of $100 loans

How much did Canadians plan to borrow in 2023?

According to the Finder: Consumer Sentiment Tracker Q2 2023, 6% of Canadians planned to borrow less than $500 in the next 3 months.

Must read: Personal finance stats in 2025: How are you doing compared to other Canadians?

How do I know if a $100 payday loan is legit?

There are several ways to determine if a payday lender is legit.

• Check for BBB accreditation
• See if the lender is transparent about fees
• Check that the lender abides by the provincial regulations for payday loans
• Check that the lender has a licence
• Ensure the lender is not asking you to pay an upfront fee
• Read reviews about the lender

Dive deeper: Best payday loans in Canada

Alternatives to payday loans and cash advances

• Get a side hustle. If you have time, it’s better to increase your income rather than go into debt. Learn more about making $100.
• Negotiate with your creditor. If you need the $100 to pay for an upcoming bill, contact your creditor before the due date. Ask whether you can have an extension or make a partial payment.
• Try a local credit union. Visit a credit union near you and see whether they can offer loans as small as $100.

Frequently asked questions

• Can I repay my $100 loan early?

  Yes. You can typically pay back a $100 loan early without additional fees.

• How long will it take for me to receive my $100 payday loan?

  Once approved, $100 payday loans are usually transferred to you within minutes via Interac e-Transfer. Some lenders will deposit the money into your bank account the next business day. Ultimately, it depends on the lender and your bank.

• Will a late payment on my $100 loan affect my credit?

  Payday lenders don't typically report loans to the two credit bureaus in Canada, Equifax and TransUnion. However, if a missed payment is sent to a collections agency, it could be reported to the credit bureaus, which would then negatively impact your credit score.