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.
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.
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
Expensive to repay
Short loan term makes it difficult to budget for loan repayment
Loan Amount
$100 – $1,500
Loan Term
7 - 62 days
Cost
$14 per $100 borrowed
Serviced Provinces
AB, BC, MB, NB, NS, ON, PEI
Speed
As little as 2 minutes with Interac e-Transfer
Credit Check
Yes
Requirements
- At least 18 years old (for applicants in Alberta, Manitoba, Ontario and PEI) - At least 19 years old (for applicants in British Columbia, New Brunswick and Nova Scotia) - Canadian resident in a province that iCASH services - Valid cell phone number, address and email address - Net income of at least $800/month deposited into bank account - Receiving the same source of income for the past 3 months - Have a Canadian bank account that's been open for at least 3 months with online banking
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.
Get funded in minutes
Loans approved and funded 24/7
No credit checks
No late fees or NSF fees
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
Loan Amount
$100 – $1,500
Loan Term
Up to 62 days
Cost
$14 per $100 borrowed
Serviced Provinces
BC and ON
Speed
As little as 2 minutes with Interac e-Transfer
Credit Check
No
Requirements
- Be at least 18 years old in Ontario or 19 in BC - You must live and work in Canada - You must be employed and receive a regular, consistent income from your employer of at least $400/week ($1,600/month) - You must leave enough of your income each pay cycle in your account to be able to repay an advance - You must have a generally good banking history
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.
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.
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
High cost of borrowing
Short repayment period
Loan Amount
$100 – $1,500
Loan Term
1 - 62 days
Cost
$14 per $100 borrowed
Serviced Provinces
AB, BC, NS, ON, SK and MB
Speed
As little as 1 hour after getting approved
Credit Check
Yes
Requirements
- Be at least 18 years old - Have a valid ID - Have a chequing account - Have a steady source of income
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.
Apply online or in-store
Bad credit is OK
Fast access to funds
4.9/5 stars based on 23,000+ Trustpilot reviews
Very expensive
ON and BC only
Loan Amount
$120 – $1,500
Loan Term
Up to 62 days
Cost
$14 per $100 borrowed
Serviced Provinces
ON and BC
Speed
In 60 minutes with funds deposited via INTERAC e-Transfer.
Credit Check
Yes
Requirements
- Be employed - Make at least $250 per net pay - Be at least 18 years of age - Have an active bank account.
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.
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.
Get your money instantly
No credit checks or income requirements
No interest charges
Repay at any time
Maximum amount you can borrow is $250
KOHO Cover subscription fee
Monthly KOHO plan fee (waivable)
Costs
0% + monthly fee from $2
Loan Amount
$20 – $250
Loan Term
Flexible
Credit Check
No
Turnaround Time
Immediately
Requirements
KOHO account—access higher loan amounts over time by using KOHO for everyday spending, repaying your monthly fees and using its other services
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.
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
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
Costs
0%
Loan Amount
$30 – $250
Loan Term
31 days, extendable
Credit Check
No
Turnaround Time
1-30 minutes with a paid membership or 1-3 business days with a free membership.
Requirements
You must be 18 years or older and have a minimum monthly income of $1,000.
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.
Pros
Apply online or in-store
Less-than-perfect credit is OK
Non-employment income accepted
Instant decisions
Fast access to funds
Established lender with more than 30 years of experience
4.4/5 stars based on 7,700+ Trustpilot reviews
Cons
Very high cost of borrowing
Short repayment periods
Not available in all provinces
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.
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
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 $15,000.
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.
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.
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.
Tim Falk is a freelance writer for Finder. Over the course of his 15-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.
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