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Loans like iCash

Find online loans with features similar to iCash.


Bree Early Pay

Bree Early Pay logo
  • Access up to $250
  • No interest or required fees
  • No credit check required
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Payday loans in Canada are readily available when you’re facing a financial emergency. If you’re thinking of taking out an iCash payday loan but want to consider your options first, here’s a look at alternatives that have similar features but may better suit your needs.

5 loans like iCash

If you want a fast loan that can improve your credit score: Nyble
If you want a loan with no interest or mandatory fees: Bree
If you want a loan with flexible income requirements: Loans Canada
If you want a loan with no documents required: GoDay
If you want a small loan you’ll pay back in installments: LoansLoans

If you want a fast loan that can improve your credit score: Nyble

Nyble Credit Line
Not yet rated
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Nyble Credit Line

$30 – $150
Loan amount
Starting at 0%
30 days, extendable
Apply online for an interest-free line of credit of up to $150 to cover small expenses and build your credit. Get funds in 1-3 business days with a free account. For $11.99 per month, get access to premium services, including funding in 1-30 minutes, a free Equifax credit report and identity theft protection.
  • Easy application process
  • No credit checks
  • No interest
  • Can improve your credit score
  • Roll over your loan
  • $11.99 per month for fast transfers, full credit report and other premium perks
  • Small loan amounts only
Loan amount $30 – $150
APR Starting at 0%
Term 30 days, extendable
Fees No interest or fees to access credit line, optional $11.99/month membership to get premium services such as instant funding
Turnaround time 1-30 minutes with a paid membership or 1-3 business days with a free membership.

If you want a loan with no interest or mandatory fees: Bree

Bree Early Pay
Not yet rated
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Bree Early Pay

$20 – $250
Loan amount
Starting at 0%
Next pay cycle (61 days max.)
Bree lets you borrow a small amount of up to $250 to help you cover expenses until your next payday. You won't have to pay any interest or mandatory fees, but a small fee applies if you want funding within 30 minutes.
  • Easy application process
  • No credit checks
  • 0% interest and no late fees
  • Loan amount may not be enough for your needs
  • Monthly fee for Bree's budgeting tool
  • Fee for fast transfers
  • May not improve your credit, unlike Nyble
Loan amount $20 – $250
APR Starting at 0%
Term Next pay cycle (61 days max.)
Fees No interest or fees to access cash advance, fee for express funding (varies based on advance)
Turnaround time Within 8 hours for the express option (fee charged based on advance amount) and up to 3 business days for standard delivery
⚠️ 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.

If you want a loan with no documents required: GoDay

GoDay Payday Loan

$100 – $1,500
Loan amount
1 – 62 days
Loan Term
2 minutes
Min. Turnaround Time
Like iCash, you won't need to send GoDay any documents to get approved. Instead, you'll need to give GoDay view-only access to your bank statements via instant bank verification.
  • Apply online within minutes to receive an instant pre-approval on your application.
  • If you accept your contract, receive funds within the hour via Interac e-Transfer.
  • Apply with bad credit, no credit and if you're self-employed or receive benefits.
  • Extremely steep rates
  • Repayment terms of 14 days, or your next payday, Up to 62 days.
  • First-time borrowers can only get approved for up to $500.
Loan amount $100 – $1,500
APR Varies by province
Term Up to 62 days
Min. Turnaround time As little as 2 minutes with INTERAC e-Transfer®
How to apply Online
In Store
Credit Check Yes
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

If you want a loan with flexible income requirements: Loans Canada

Loans Canada Personal Loan
Finder Score:
Customer Survey:
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Loans Canada Personal Loan

$300 – $50,000
Loan amount
6.99% – 46.96%
3 - 60 months
Loans Canada is an online loan search platform that matches you with lenders when you fill out its one application. It has a large lender network to help you find the right loan.
  • Get matches fast
  • Funding in 24-48 hours
  • Bad credit is okay
  • You're limited to Loans Canada's partners
  • High rates for bad credit
Loan amount $300 – $50,000
APR 6.99% – 46.96%
Term 3 - 60 months
Min. credit score 300
Fees No application, origination or brokerage fees
Origination fee 0
Turnaround time Receive funds within as little as 24 hours.

If you want a small loan you’ll pay back in installments: Installment Loan
Finder Score:
Go to site Read review Installment Loan

$500 – $1,000
Loan amount
28% – 32%
3 months
Term offers short-term installment loans online. It doesn't do any credit checks and has more lenient requirements than traditional lenders.
  • Funding in 24 hours
  • No credit check
  • High rates and fees
Loan amount $500 – $1,000
APR 28% – 32%
Term 3 months
Min. credit score 300
Fees Late payment fee (2.66% per month), $45 NSF fee, broker fee
Origination fee $300
Turnaround time Receive funds in less than 24 hours

How does iCash compare?

You can read our review of iCash for more details, but here are the highlights:


  • One of the fastest payday loans you can get because of its automated process.
  • Get your cash in as little as 2 minutes after signing your contract via e-Transfer.
  • Accepts all forms of income, including employment insurance, child tax, ODSP, AISH, provincial disability, CPP, OAS and social assistance.
  • Bad credit and no credit are okay.


  • Extremely steep rates.
  • Must have a net income of at least $800 a month to qualify.
  • Must receive this steady income for the past 3 months.

Features of payday loans like iCash

A payday loan is an unsecured loan of up to $1,500. It must be paid back at the same time that you receive your paycheque, hence the term “payday loan.” Key features include the following:

  • Small loan amounts.
    How much you can borrow may depend on the province or territory you’re in, but you can usually get small loans $100 up to a maximum of $1,500.
  • Short terms.
    Payday loans are designed to be short-term solutions to your financial problems. When you apply for a loan, the lender asks you how frequently you’re paid to determine your final repayment due date.
  • Incredibly high rates and fees.
    Expect fees between $14 to $17 for every $100 borrowed. With fees like this, APRs are roughly 400% or more, making payday loans one of the most expensive ways to borrow money.
  • Quick access to cash.
    Most payday lenders will provide you with a decision within minutes. If you clear verification of your identity and income, you could receive funds immediately after approval via e-Transfer. Learn more about e-Transfer payday loans.
  • Use the funds for any purpose.
    Once you’re approved for a payday loan, you have the freedom to use the money as you’d like as long as you use the funding for legitimate and legal purposes. Payday lenders don’t keep tabs on how you’re making use of your loan.
  • Bad credit is okay.
    Payday loan providers will usually accept applications from people with poor credit because they prioritize your income and ability to repay your loan on time over your credit score.

What do I need to apply for a payday loan like iCash?

While the application process for any iCash alternative varies from lender to lender, the following eligibility criteria usually need to be met:

  • Age. You must be the age of majority in your province or territory.
  • Residency. You’ll need to be a Canadian citizen or a permanent resident and have a valid Canadian address.
  • Income. You’ll need proof that you have some form of income, whether it’s employment income or government benefits.
  • Bank account. If you’re applying online, you will need a working bank account. If you apply in person at a store, you may not need a bank account.

Remember that meeting the eligibility requirements does not guarantee the approval of your payday loan.

Required information

Lenders may not ask for all of these, but to speed up the process as much as possible, prepare these in advance:

  • Valid ID with name and address
  • Valid phone number
  • Proof of income
  • Net and gross income amounts
  • Bank account information (chequing account, routing and institution numbers)
  • Reference

What are some apps like iCash?

If you’re looking to borrow money fast via an app, the following loan providers have them:

Keep in mind, Bree and Nyble are not payday loan providers and offer smaller loan amounts up to $200.

What do I need to watch out for?

Aside from the sky-high fees you’ll pay to borrow money and the quick repayment terms, look out for these risks with payday loans like iCash:

  • Disreputable lenders. Not all lenders follow provincial or territorial laws and regulations. Check to make sure the payday lender you’d like to work with is licensed and isn’t a scam. Always choose a reputable company that has positive feedback from real customers.
  • Cycle of debt. Unless you have a clear-cut plan to pay off your loan by your next payday, you could end up in a spiral of debt. With steep interest rates and more penalties for not repaying your loan on time, payday loans can trigger a snowball of debt if you don’t have an exit strategy. This could have a negative effect on your credit rating too.

Bottom line

A payday loan should be used as a last resort option when you’re facing a financial emergency. While iCash is a viable option that provides a quick application process, a speedy decision on your loan request and a smooth process to receive funds, there are plenty of iCash alternatives too. If you believe a payday loan like iCash is right for you, always compare your payday loan options to find the best deal available to you.

Compare payday loan options

1 - 3 of 3
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®
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.
Money Mart Payday Loan
$120 - $1,500
1 - 62 days
Varies by province
As little as 1 hour after getting approved
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.
Cash Money Payday Loan
$100 - $1,500
5 - 40 days
Varies by province
As little as 15 minutes with INTERAC e-Transfer®
Instant decision and e-Transfer funding. Income of at least $1,000/month required.

Frequently asked questions about iCash alternative payday loans

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