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Cash 4 You loans review

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Cash 4 You Payday Loan
APR
Varies by Province
Loan Amount
$120 - $1,500
Loan Term
Up to 62 days
Turnaround Time
In 60 minutes with funds deposited via INTERAC e-Transfer.
Serviced Provinces
Ontario
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Our verdict

Need access to fast cash? Find out how you can apply for a payday or installment loan with this established lender. 

Cash 4 You is a licensed lender offering payday and installment loans in Ontario. It is a trusted business that's been in operation since 2001. Cash 4 You is generally equivalent to many other payday and installment loan companies in Ontario. What sets it apart (however marginally) is that it seems to be fairly transparent about its interest rates and fees, and it has many positive Cash 4 You reviews. It also has several store locations so you can visit a store in person if you'd rather not apply online.

Best for: People who want to apply to an established payday and installment loan lender in Ontario.

Pros

  • Payday and installment loans available
  • Fast approval and funding
  • Established lender

Cons

  • Very high rates and fees
  • Only available in Ontario (and BC for payday loans)

In this guide

  • Our verdict
  • Your reviews

What is Cash 4 You?

If you’re looking for an easy solution for an unexpected cash shortfall, you might like to check out a payday or installment loan from Cash 4 You. This lender offers quick financing online and at hundreds of storefront locations. Just beware that these Cash 4 You online loans come with very high rates and fees, and they are more expensive than traditional loans.

How does borrowing from Cash 4 You work?

Cash 4 You is a Canada-based lending company where you can borrow up to $1,500 with payday loans and $15,000 with an installment loan. To apply for financing, you’ll need to fill out an application form online or at a Cash 4 You store.

Cash 4 You installment loans are only available in Ontario, so you won’t be eligible for a loan if you live in any other Canadian province or territory. Payday loans are available in Ontario and BC, and you can apply from them online (or in person if you live in Ontario).

Is Cash 4 You legitimate?

Yes, Cash 4 You is an established business that’s been operating in Ontario since 2001. It’s a fully licensed lender, recognized by the Canadian Consumer Finance Association. It has over 100 store locations to choose from in Ontario and has received high customer satisfaction reviews across several prominent review platforms.

What types of loans does Cash 4 You provide?

Cash 4 You loans include both installment loans and payday loans:

Cash 4 You loansLoan amountInterest rateLoan termEligible provincesEligibility requirements
Payday loans$120 –$1,500$15 for every $100 borrowed in Ontario and $15 for every $100 borrowed in BCBy your next paydayOntario and BC
  • Be at least 18 years old
  • Be employed and make at least $250 per net pay
  • Have an active bank account
Installment loans$1,000–$15,000Up to 46.93%12–60 monthsOntario only
  • Be an Ontario resident with a valid government-issued photo ID
  • Be at least 18 years of age
  • Have a steady source of income
  • Have an open and active bank account

What are the benefits of a Cash 4 You loan?

There are many benefits you can enjoy with Cash 4 You online loans and in-person service:

Benefits of payday loans

  • Easy application. Get started online or in person in a matter of minutes.
  • Fast cash. Get approved for up to $1,500 hassle-free, with funds typically delivered in cash or through Interac e-Transfer on the same day you apply. If your need is urgent, find out more about emergency loans.
  • Bad credit is welcome. You won’t need good credit to qualify, though your Cash 4 You interest rates will usually be much higher with bad credit.

Benefits of installment loans

  • Improve credit. Build your credit rating by making regular on-time payments.
  • High loan amounts. Qualify for between $1,000 and $15,000, even with a less than perfect credit score.
  • No fee for early repayment. You won’t have to pay a fee to repay your loan early.
  • Eligible for refinancing. You may be eligible to refinance your loan once you’ve paid back enough if it’s still in good standing.

What should I watch out for?

Keep an eye out for these potential drawbacks with Cash 4 You loans:

Drawbacks of payday loans

  • High fees. You’ll pay a fee of $15 for every $100 borrowed in Ontario and $15 for every $100 borrowed in BC.
  • Fast repayment. You’ll have to repay your loan by your next payday.
  • Small amounts. You can only apply for up to $1,500 at one time, and you’ll have to pay that amount off in full before you can qualify for a second loan.

Drawbacks of installment loans

  • Very high interest. Cash 4 You interest rates can be as high as 46.93%, which is more expensive than other loan types.
  • Only available in Ontario. You’ll only be able to apply for Cash 4 You online loans if you’re a resident of Ontario with a valid provincial ID.
  • Documents must be verified in person. You’ll have to bring your documents into a Cash 4 You store location to be verified by an agent before you can get your cash.
⚠️ Warning: Be cautious with payday loans
High-cost payday loans are unsustainable for borrowing over a continued period of time and are expensive as a means of longer-term borrowing. View payday costs and regulations by province here. 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). You may also want to consider payday loan alternatives.

Compare Cash 4 You to other lenders

1 - 4 of 4
Name Product Loan Amount Loan Term APR Turnaround Time Serviced Provinces Offer Table description
iCash Payday Loan
$100 - $1,500
7 - 62 days
Varies by province
As little as 2 minutes with Interac e-Transfer
AB, BC, MB, NB, NS, ON, PEI
24/7 instant approval and e-Transfer funding.
Same day cash up to $1,500 for car payments, rent, mortgage, home & appliance repair, and more. Income of at least $800/month required.
GoDay Payday Loan
$100 - $1,500
Up to 62 days
Varies by province
As little as 2 minutes with Interac e-Transfer
AB, BC, MB, NB, NS, ON, PEI, SK
To apply, you'll need to be a Canadian resident over the age of 18 with a valid email address, phone number and an open bank account with a Canadian bank or credit union.
Money Mart Payday Loan
$120 - $1,500
1 - 62 days
Varies by province
As little as 1 hour after getting approved
AB, BC, MB, NS, NT, ON, SK, YT
To be eligible, you’ll need to be at least 18 years of age with a steady source of income and a chequing account. No credit check required.
More Info
Cash Money Payday Loan
$100 - $1,500
5 - 40 days
Varies by province
As little as 15 minutes with INTERAC e-Transfer®
BC, MB, NL, NS, ON, SK
Instant decision and e-Transfer funding. Income of at least $1,000/month required.
More Info
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1 - 8 of 8
Name Product Ratings APR Range Loan Amount Loan Term Broker Compliance Requirements
Spring Financial Installment Loan
Finder Score:
★★★★★
Customer Survey:
★★★★★
10.80% - 46.99%
$500 - $35,000
9 - 78 months
Requirements: min. income $2,000/month, 3+ months employed, min. credit score 550
Loans Canada Installment Loan
Finder Score:
★★★★★
Customer Survey:
★★★★★
8.00% - 46.96%
$500 - $50,000
4 - 60 months
Loans Canada is a loan search platform with access to multiple lenders. Applicants will be matched with a suitable lender based on credit history and borrowing requirements.
Requirements: min. credit score 300
LoanConnect Installment Loan
Finder Score:
★★★★★
Customer Survey:
★★★★★
8.99% - 46.96%
$500 - $2,500
3 - 6 months
LoanConnect is a loan search platform with access to multiple lenders. Applicants will be matched with a suitable lender based on credit history and borrowing requirements.
Requirements: min. credit score 300
easyfinancial Personal Loan
Finder Score:
★★★★★
Customer Survey:
★★★★★
9.99% - 46.96%
$500 - $100,000
9 - 120 months
Requirements: min. income $1,200/month
MDG Financial Installment Loan
Not yet rated
29.78% - 44.80%
Up to $1,600
Up to 36 months
Requirements: no min. income, min. credit score 560
LoansLoans.ca Installment Loan
Finder Score:
★★★★★
28.00% - 32.00% + broker fee
$500 - $1,000
3 months
Requirements: min. income $1,200, 2+ months employed. No credit check required.

Note: You may be charged a broker fee up to $300.
Fat Cat Loans Personal Loan
Finder Score:
★★★★★
4.84% - 35.99%
$300 - $50,000
3 - 84 months
Requirements: min. income $1,000/month, min. credit score 300
SkyCap Installment Loan
Finder Score:
★★★★★
Customer Survey:
★★★★★
12.99% - 39.99%
$500 - $10,000
9 - 36 months
Requirements: min. income $1,666.67/month, full time employment/pension, min. credit score 575, no bankruptcy
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Maximum borrowing costs of payday loans per province
Always refer to your contract for exact repayment amounts and costs.
Province Max. cost of borrowing a $100 payday loan Cooling off period to cancel loan Max. penalty for returned cheque or pre-authorized debit
Alberta $15 2 business days $25
British Columbia $15 2 business days $20
Manitoba $17 48 hours excluding Sundays and holidays $20
New Brunswick $15 48 hours excluding Sundays and holidays $20
Newfoundland and Labrador $14 2 business days $20
Nova Scotia $15 Next business day (2 days for online loans) $40 (default penalty)
Ontario $15 2 business days $25
Prince Edward Island $15 2 business days N/A
Quebec Limit of 35% AIR N/A N/A
Saskatchewan $17 Next business day $25

How much does a Cash 4 You payday loan cost vs an installment loan?

Let’s say an Ontario resident needs to borrow $1,000 and is considering two Cash 4 You online loans: a payday loan and an installment loan.

Payday loanInstallment loan
Loan amount$1,000$1,000
Cost to borrow$15 per $100 borrowed46.93%
Loan term14 days12 months
Payment$1,150 (one time)$106/month
Total interest paid$150$272
Total loan cost$1,150$1,272

If you look solely at the dollar amounts, the payday loan is about $120 cheaper overall than the installment loan – even though the payday loan has a much higher APR. This is due to its short term. The installment loan will cost more because it has a 12-month term, but you can pay the loan back in smaller installments, which could be better for your budget.

Should I get a Cash 4 You payday loan or installment loan?

That’s really up to you and depends on your unique financial situation. When deciding on the loan type that would be the best fit, you may want to consider the factors below:

  • Loan amount. Payday loans are capped out at $1,500, while installment loans can be for up to $15,000, depending on your income and credit score.
  • Credit score. You can usually qualify for a payday loan with bad credit. You may need a fair to good credit score (above 550) to qualify for installment loans.
  • Loan cost. Both loan costs are high, but installment loans tend to have significantly lower APRs than payday loans, which means they are less expensive overall.
  • Frequency of repayments. Payday loans require one lump-sum payment of the whole amount you borrow plus fees by your next payday. Installment loans come with lower monthly payments over a period of 12–60 months.

What should I know before I apply for Cash 4 You?

Eligibility requirements

To apply for a loan from Cash 4 You, you need to meet the following criteria:

  • Be at least 18 years old.
  • Be a resident of Ontario (BC residents can also apply for payday loans)
  • Have a Canadian bank account.
  • Earn a steady form of income (at least $250 per net pay for payday loans).

Cash 4 You required documents and information

  • Proof of ID. You’ll have to show a government-issued piece of ID like your driver’s licence or passport to prove your identity.
  • Proof of address. You may need to submit a utility or cell phone bill to prove that you’re living at a stable address in Canada.
  • Pre-authorized debit. You’ll have to submit a direct deposit form to facilitate withdrawals from your account.
  • Income verification. You could be required to submit pay stubs, bank statements or other documents to prove your income.

How to apply for Cash 4 You

Check that you meet eligibility requirements and follow the steps below:

  1. Visit the main page for the Cash 4 You online loans website and click “Get money”.
  2. Click “Get started” on the page you select (payday or installment loans) to start your loan application.
  3. Fill in the application with personal information like your name, email address, proof of ID and relevant documents.
  4. Review and submit your application.
  5. Get verified and negotiate the terms of your loan if you meet the eligibility requirements.
  6. Choose how you’d like to receive your funds.

Summary of Cash 4 You reviews

FeatureDetails
BBB accreditedNo
BBB ratingF
BBB customer reviews1.17 out of 5 stars, based on 25 Cash 4 You reviews
Trustpilot reviews4.9 out of 5 stars, based on 16,737 Cash 4 You reviews
Customer Cash 4 You reviews verified as ofJanuary 9, 2023

What do Cash 4 You reviews have to say?

The majority of Cash 4 You reviews indicate that customers are satisfied with the loan application and approval process. Many say they received money quickly and had a good experience, especially when visiting a store location.

A smaller proportion of Cash 4 You reviews indicate that customers feel the company has poor customer service. A handful also claim that Cash 4 You took funds from their accounts after their loans were paid off in full.

Bottom line

Cash 4 You is a licensed lender offering payday and installment loans in Ontario. It is a trusted business that’s been in operation since 2001. Use this Cash 4 You review to learn more about the pros and cons of getting a loan and find out how you can qualify today.

Frequently asked questions about Cash 4 You

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