7 Loans Like Cash Money

Need a small loan fast? Cash Money offers payday loans online and in-store, and you can get an instant decision as well as fast access to your funds by e-Transfer.

But while Cash Money is worth checking out if you need easy access to some extra cash, there are plenty of other options available too. Here are loans like Cash Money to help you get through to your next payday.

Cost	Loan Amount	Loan Term	Serviced Provinces
1. iCash
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 Like Cash Money, iCash offers fast payday loans online. You can apply and get approved 24/7 thanks to iCash's automated approval system, and your loan funds are sent out within minutes via e-Transfer. You'll need a monthly income of at least $800 to qualify for funding, and if you ever need any help with your loan, the iCash customer service team is available to offer assistance 24/7. Pros & cons Pros Get approved and funded 24/7 Get a loan in minutes Paperless application process 4.7/5 based on 2,900+ Trustpilot reviews Highly rated mobile app Accepts many types of income Cons Expensive to repay Short loan term makes it difficult to budget for loan repayment
2. Wagepay
Wagepay Wage Advance Loan	$14 per $100 borrowed	$100 - $1,500	Up to 62 days	BC and ON	Go to siteView details Compare product selection Compare	loading	Why we like it While Cash Money has been providing loans to Canadians since the early 1990s, Wagepay only started offering payday loans in Canada in 2023. But just like Cash Money, Wagepay offers a fast online or mobile application process, plus the freedom to get funded 24/7. There are no credit checks needed to qualify for a loan, and you can get your money via e-Transfer in a matter of minutes. However, it's worth noting that Wagepay only offers loans in BC and ON, so residents of other provinces and territories will need to look elsewhere. Pros & cons Pros Get funded in minutes Loans approved and funded 24/7 No credit checks No late fees or NSF fees Cons Payday loans are very expensive You only have a short amount of time to repay what you borrow Accepts employment income only Only in BC and Ontario
3. Cashco
Cashco Financial Payday Loans	$14 per $100 borrowed	$50 - $1,500	Up to 62 days	AB, BC and SK	View details Compare product selection Compare	loading	Why we like it Cashco offers instant payday loans with no credit check. Just like with Cash Money, there are no credit checks needed to apply, and you get the peace of mind of dealing with an established lender. Cashco also offers instant bank verification to ensure a speedy application and approval process. But Cashco only offers payday loans in a handful of provinces, so you'll need to check if its loans are available where you live before applying. Pros & cons Pros Bad credit is OK Large branch network Instant approvals Wide range of income types accepted Repay early without penalty Cons Very expensive Only available in AB, BC and SK Can't apply completely online
4. Money Mart
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 There are lots of reasons why Money Mart is one of the best alternatives to Cash Money. This popular lender offers payday loans both in-store and online, and it only takes a few minutes to submit your loan application. Bad credit is OK, and if approved, you'll receive your money by e-Transfer within 24 hours. Best of all, you get the peace of mind that comes from dealing with a long-established lender, just like Cash Money. Pros & cons Pros Get funded in as little as 24 hours Multiple ways to get your money Bad credit won't stop you from getting a loan 4.7/5 stars based on 6,000+ Trustpilot reviews Cons High cost of borrowing Short repayment period
5. Cash 4 You
Cash 4 You Payday Loan	$14 per $100 borrowed	$120 - $1,500	Up to 62 days	ON and BC	View details Compare product selection Compare	loading	Why we like it If you live in ON and BC, Cash 4 You is well worth checking out as a Cash Money alternative. This lender offers loans both in-store and online, so you can get your loan via e-Transfer or in cash. You don't need to have good credit or any credit to apply, and Cash 4 You offers fast decisions to borrowers. And with this lender boasting thousands of 5-star customer reviews, there are lots of reasons why it's a solid alternative to Cash Money. Pros & cons Pros Apply online or in-store Bad credit is OK Fast access to funds 4.9/5 stars based on 23,000+ Trustpilot reviews Cons Very expensive ON and BC only

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Alternatives to Cash Money payday loans: Cash advance apps

If you want to avoid the high cost of a payday loan and you only need to borrow a small amount, a cash advance app could be the answer. These apps offer small loans with no credit checks, and you won’t have to pay any interest on the money you borrow. Here are two cash advance services worth checking out.

Finder Score	Costs	Loan Amount	Loan Term
1. KOHO
Finder score 8.7 Great KOHO Cover	Finder score 8.7 Great	0% + monthly fee from $2	$20 - $250	Flexible	$75 REWARD Go to siteView details Compare product selection Compare	loading	Why we like it KOHO Cover provides instant cash advances of up to $250 to help you cover unexpected bills. You don't need to meet a minimum income requirement or undergo a credit check to qualify, and applying won't affect your credit score. You can access your money instantly through the KOHO app, and the best part is, of course, that there are no interest charges to worry about. However, a $2+ subscription fee does apply. Pros & cons Pros Get your money instantly No credit checks or income requirements No interest charges Repay at any time Cons Maximum amount you can borrow is $250 KOHO Cover subscription fee Monthly KOHO plan fee (waivable)
2. Nyble
Finder score 9.3 Excellent Nyble Credit Line	Finder score 9.3 Excellent	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 Unlike a payday loan from Cash Money, a cash advance from Nyble can help you build credit. Nyble provides interest-free advances of up to $250, with no credit checks needed to apply. You also won't pay interest on the money you borrow, and there are no fees to worry about either (provided you don't mind waiting up to three business days to get your money). Then, when you make repayments toward your loan, Nyble reports those payments to the credit bureau to help you build credit. Pros & cons Pros Could help you improve your credit score No interest charges or late fees Instant funding available Apply in minutes You can extend payment due dates Cons Could hurt your credit score if you don't make on-time payments You can only borrow up to $250 $11.99 monthly fee for instant funding and other benefits

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How does Cash Money compare?

For a detailed look at how Cash Money compares to the competition, check out our full Cash Money review. For a brief summary, check out Cash Money’s pros and cons below.

How to apply for loans like Cash Money

It’s quick and easy to apply for loans like Cash Money by filling out an online application. You’ll need to provide your personal information like your name, address and date of birth, plus contact details, including your email address and phone number.

You’ll also need to specify how much money you want to borrow, and provide information about your income and employment. To verify your income, most lenders require you to submit to instant bank verification (IBV). This allows them to review your bank statement electronically rather than you having to provide physical statements, which speeds up the approval process.

Risks of loans like Cash Money

• Very expensive. Payday lenders can charge you $14 per $100 borrowed. So if you take out a $500 loan, it will cost you $570 to repay.
• Very short repayment period. Payday loans are typically meant to be repaid on your next payday, which makes it difficult to budget for the full cost of a loan. Using the example of a $500 loan to be repaid in 14 days, that works out to an APR of 365%.
• Debt cycle. The high cost and short loan term of payday loans make it easy to get trapped in a cycle of debt. People may find themselves taking out a second payday loan to pay off their first and end up getting into an even deeper financial hole.
• Scams. While there are plenty of legit payday lenders out there, people in financial difficulty are a target for scammers and fraudulent lenders. Make sure any lender you use is licensed to provide payday loans in your province or territory. Learn more about payday loan scams.

Bottom line

If you’re looking for Cash Money alternatives in Canada, there are plenty of legit and reputable payday lenders to consider. But if you only need to borrow a small amount, a cash advance app offers a much more affordable solution. Compare lenders and borrowing options before deciding where to apply.

Frequently asked questions

• What sort of loans does Cash Money offer?

  Cash Money offers two types of loans. You can choose from a payday loan of up to $1,500 or a line of credit of up to $10,000.

• What do I need to qualify for a Cash Money payday loan?

  To be eligible for a loan, you will need to be the age of majority where you live, have a valid chequing account and mobile phone number, receive a steady income, and have a credit score of at least 500.

• Is a payday loan my only option if I need a short-term loan?

  No. You can also consider borrowing through a cash advance app like KOHO Cover or Nyble. These providers offer zero-interest cash advances of up to $250, and you can apply without a credit check. However, the small loan limit may not be enough for your needs. There are several other options you may be able to consider too—check them out in our guide to payday loan alternatives.

• How long does it take to get a Cash Money loan?

  It depends on how you apply and the payment method you select. If you apply in-store, you can get cash straight away. Alternatively, you can get funded via e-Transfer or direct deposit, with e-Transfers allowing you to get funded in as little as 15 minutes.

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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