5 Loans Like NotchUp

NotchUp is a Canadian lender that offers fast, on-demand wage advances. You can apply with no credit check 24/7, and NotchUp provides access to up to 50% of your next paycheque in as little as 15 minutes.

But while NotchUp is worth a look when you need a fast loan, there are plenty of other options worth checking out too.

Cash advances like NotchUp

Finder Score	Costs	Loan Amount	Loan Term
8.8 Great KOHO Cover	8.8 Great	0% + monthly fee from $2	$20 - $500	Flexible	$75 REWARD Go to siteView details Compare product selection Compare	loading	Why we like it Like NotchUp, KOHO offers fast cash advances as part of its Cover subscription. Once you’ve subscribed, you can access an instant cash advance of up to $500. There are no credit checks required, and you can repay what you borrow at any time. Best of all, advances are interest-free, making KOHO an affordable option when you need an urgent short-term loan. Pros & cons Pros Apply online in minutes No income required to qualify Get your cash instantly No interest charges to worry about Cons Monthly Cover subscription fee from $2 Monthly KOHO plan fee (waivable) Small maximum loan amount Won’t improve your credit score
8.8 Great Bree Early Pay	8.8 Great	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 is a popular NotchUp alternative if you want a cash advance with no credit check, and there are several reasons why it’s worth checking out. Like NotchUp, Bree offers a simple online application and the option to get your funds instantly. You can borrow up to $750 and get instant approval 24/7, and advances are entirely interest-free. Bree also makes it possible to borrow without having to pay any fees, but just note that you will need to pay a fee if you want an instant advance. Pros & cons Pros Borrow up to $750 No interest charges Flexible eligibility criteria Borrow without paying any fees Cons $2.99 – $45.99 fee for instant transfers 1 – 3 days to get funded if you don’t pay for an instant transfer Won’t improve your credit score
9.3 Excellent Nyble Credit Line	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 Nyble is not a payday lender. Instead, it offers small lines of credit of up to $250 that are designed to help you improve your credit score. You can apply online for a line of credit in just a few minutes, and Nyble doesn’t charge any interest or late fees. Instant funding is available for a fee, and Nyble reports your payment history to the credit bureaus to help you build credit. Pros & cons Pros On-time payments could help improve your credit score No credit checks No interest charges Also allows you to monitor your credit score Cons Late payments could hurt your credit score $11.99 membership fee if you want instant funding You can only borrow up to $250

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Payday loans like NotchUp

Cost	Loan Amount	Loan Term	Serviced Provinces
Wagepay Wage Advance Loan	$14 per $100 borrowed	$100 - $1,500	Up to 62 days	BC, AB and ON	View details Compare product selection Compare	loading	Why we like it Like NotchUp, Wagepay is a licensed payday lender. You can apply for a payday loan from Wagepay online or via a user-friendly mobile app, and loans are approved and funded 24/7. You won’t need to pass a credit check to apply, and you can also get your money by e-Transfer in as little as a couple of minutes. We also like the fact that Wagepay doesn’t charge any late fees, which other payday lenders do charge, so it’s a solid option if you need a payday loan. Pros & cons Pros Apply 24/7 Get funded in minutes Lenient eligibility criteria Option to postpone or split a payment Cons Loans cost $14 per $100 borrowed Only in BC, Alberta and Ontario Short repayment terms
iCash Payday Loan	$14 per $100 borrowed	$100 - $1,500	7 - 62 days	AB, BC, MB, NB, NS, ON and PEI	Go to siteView details Compare product selection Compare	loading	Why we like it iCash is a licensed payday lender that offers loans in several Canadian provinces. Like NotchUp, it approves and funds loans 24/7/365, and you can get your money in just a couple of minutes via e-Transfer. It accepts a wide range of income types too, while bad credit won’t stop you from qualifying for a loan. We also like the convenience of being able to apply and manage your loan through a highly rated mobile app, which helps make iCash a solid NotchUp alternative in Canada. Pros & cons Pros Get funded 24/7 Fast access to funds Bad credit or no credit are OK User-friendly mobile app Cons Loans cost $14 per $100 borrowed Short repayment terms

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How does NotchUp compare?

If you want all the details of what NotchUp has to offer, check out our full NotchUp review. But if you just need a quick comparison, here are NotchUp’s pros and cons.

Is NotchUp a payday loan or cash advance?

NotchUp is licensed as a payday lender in BC, but the loans it offers seem like a hybrid of payday loans and cash advances.

For example, NotchUp promotes its services as a way to gain early access to your earned wages. If you connect your bank account to NotchUp to verify your income, you can get a cash advance for a flat fee of $5.

But if you don’t want to connect your account, you can still get an advance but with a “variable” fee. It’s worth noting that payday lenders in Canada can charge up to $14 for every $100 borrowed, so make sure you’re aware of the total cost of borrowing before taking out a loan.

What to watch out for with loans like NotchUp

• High cost of borrowing. While NotchUp charges an advance fee of $5 if you connect your bank account, be aware that payday loans can cost up to $14 for every $100 borrowed.
• Short repayment terms. Payday loans are usually meant to be repaid by your next payday, which can make it difficult to budget for repayments.
• Income requirements. You’ll typically need to meet a minimum income requirement to qualify for a loan, while the types of income accepted vary between lenders.
• Membership fees. Some cash advance lenders require you to pay a monthly membership fee to qualify for features like instant funding and credit monitoring tools.
• Additional fees. Check the fine print of your loan agreement for information about any other fees that may apply, such as NSF fees and late payment fees.

Bottom line

NotchUp is worth a look if you need a fast loan to help you get through to your next payday, but it’s far from the only choice available. Compare NotchUp with the alternative lenders listed here to find the short-term cash advance or loan that’s right for you.

Frequently asked questions

• Is the NotchUp app legit in Canada?

  Yes, NotchUp is a legit provider that is licensed as a payday lender in BC. Find out more about what it has to offer in our NotchUp review.

• How much can I borrow with NotchUp?

  NotchUp allows you to borrow up to 50% of your next paycheque, up to a maximum amount of $1,500.

• Can I apply for a NotchUp cash advance at a branch?

  No, NotchUp does not operate a network of branches. It's an online-only lender, so you'll need to complete an online application form to apply.

• Do I need to pass a credit check to qualify for loans like NotchUp?

  It depends on the lender. Many lenders do not require a credit check and will instead assess your income to determine whether you qualify. However, some lenders will carry out a credit check, so check the terms and conditions before you apply.

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

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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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