5 Apps Like Wagepay in Canada for Quick Funding

Wagepay offers fast payday loans of up to $1,500 24/7. But if you want to compare other options first or if you’re not eligible for a Wagepay loan, here are five apps like Wagepay in Canada that are worth considering.

Cost	Loan Amount	Loan Term	Serviced Provinces
1. iCash Payday Loan
iCash Payday Loan	$14 per $100 borrowed	$100 - $1,500	7 - 62 days	AB, BC, MB, NB, NS, ON, PEI	Go to siteView details Compare product selection Compare	loading	Why we like it iCash is an online lender that offers instant payday loans 24 hours a day, seven days a week. You can apply online or via a highly rated mobile app, with funds sent out via e-Transfer in minutes. Pros & cons Pros Instant decisions Get funded in less than an hour Get approved and funded 24/7 Cons Expensive to repay Short repayment period Not available in all provinces
2. Money Mart Payday Loan
Money Mart Payday Loan	$14 per $100 borrowed	$100 - $1,500	1 - 62 days	AB, BC, NS, ON, SK and MB	View details Compare product selection Compare	loading	Why we like it Money Mart offers payday loans online via its highly-rated mobile app and in-person via its network of Canadian branches. It provides instant decisions, and loans are funded within 24 hours. You'll typically have to repay what you borrow by your next payday. Pros & cons Pros Established lender Apply online or in-store Get your money within 24 hours Cons Payday loans are expensive Short repayment periods Not available in all provinces

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Costs	Loan Amount	Loan Term
3. KOHO Cover
Finder Rewards Exclusive KOHO Cover	0% + monthly fee from $2	$20 - $250	Flexible	ENDS SOON! $75 DIGITAL VISA CARD REWARD 1 Join Finder 2 Open & fund a KOHO account 3 Get a digital Visa card from Finder on or before June 16 Ends by. T&Cs apply.	Go to siteView details Compare product selection Compare	loading	Why we like it KOHO Cover provides interest-free cash advances of up to $250. You don't need to complete a credit check to apply, and funds are available instantly within the KOHO app or via ATM. You can repay your advance any time. Pros & cons Pros Easy application process with no credit checks No interest charges to worry about Instant access to funds Cons KOHO Cover monthly subscription fee Monthly KOHO plan fee may also apply $250 loan amount may not be enough for some people
4. Nyble Credit Line
Nyble Credit Line	0%	$30 - $250	31 days, extendable	Use code CFIND1J to get 500 extra points and a $5 higher approval. T&Cs apply.	Go to siteView details Compare product selection Compare	loading	Why we like it The Nyble app provides interest-free cash advances of $30 to $250. The funds can be used to cover unexpected expenses and help you avoid NSF fees. Your repayments are reported to the credit bureau to help improve your credit score. Pros & cons Pros Easy application process No interest or late fees Can help you improve your credit score Cons $250 may not be a large enough loan for your needs Late payments will also be reported to credit bureaus You'll need to pay a monthly membership fee if you want instant funding
5. Bree Early Pay
Bree Early Pay	0%	$20 - $750	Next pay cycle	Refer a friend and get a $20 credit limit increase on your next withdrawal. T&Cs apply.	Go to siteView details Compare product selection Compare	loading	Why we like it Bree provides interest-free cash advances of up to $750 to help you avoid bank account overdraft fees. There are no credit checks required, and you get an instant decision. But a monthly subscription fee applies if you need express funding. Pros & cons Pros Easy application process No credit checks No interest charges or late fees Cons $750 loan amount may not be enough for some people $2.99 optional monthly membership fee for express funding

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Which apps are most similar to Wagepay in Canada?

Since Wagepay is a payday loan, the apps most similar to it in Canada are iCash and Money Mart. These lenders offer the same amounts, rates and terms as Wagepay. They also provide instant funding and an easy online process.

But if you’d like to consider more affordable options, Nyble and Bree offer loans at a reduced cost. If you opt for three-day delivery, there are no fees. A $100 loan, for example, will cost $100 to pay back. With Wagepay, iCash and Money Mart, a $100 loan costs $114 to repay.

How does Wagepay compare?

You can get a detailed rundown of what Wagepay offers in our full Wagepay review, but here are the highlights:

Bottom line

Wagepay is a viable option if you need a fast loan, but it’s worth remembering that payday loans are extremely expensive. There are also several apps like Wagepay in Canada that are worth considering if you need a Wagepay alternative. These cash advance providers and payday lenders may provide you with a short-term loan that meets your needs, but make sure you’re aware of the full cost of borrowing before deciding where to apply. Compare your payday loan options and cash advance apps to find the right option for you.

Frequently asked questions

• Is Wagepay a legitimate lender?

  Yes. Wagepay is licensed to operate as a payday lender in British Columbia and Ontario.

• Do I need to complete a credit check to get a loan like Wagepay?

  No, Wagepay does not require you to undergo a credit check to qualify for a loan. Other payday lenders and cash advance apps also typically do not carry out credit checks.

• How much can I borrow with a payday loan?

  The maximum amount you can borrow with a payday loan in Canada is $1,500. However, the amount a lender will approve you for depends on factors such as your income and employment history.

• What app can I use to get money immediately?

  There are several apps that provide access to instant loans. These include cash advance providers like Nyble, Bree and KOHO as well as payday lenders such as Wagepay and iCash. Learn more about the best loan apps.

• What information do I need to provide to apply for a small loan?

  The details you need to provide to get a small loan varies depending on the lender. However, you generally need to provide your name, address, contact details, Social Insurance Number, bank account details and income and employment information. You'll also need to provide proof of ID, such as a driver's licence or passport.

To make sure you get accurate and helpful information, this guide has been edited by Leanne Escobal as part of our fact-checking process.

Written by

Tim Falk

Writer

Tim Falk is a freelance writer for Finder. Over the course of his 20-year writing career, he has reported on a wide range of personal finance topics. Whether you're investing in stocks and ETFs, comparing savings accounts or choosing a credit card, Tim wants to make it easier for you to understand. When he’s not staring at his computer, you can usually find him exploring the great outdoors. See full bio

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