Payday Loans & Cash Advances in Ottawa

Payday loans in Ottawa are a go-to option for many people who need fast cash, but they’re far from the only choice available. If you’re searching for a more affordable loan or repayments that are easier to manage, a cash advance app, installment loan or car title loan could be the answer. Keep reading to compare loans in Ottawa so you can get your money fast.

Payday loans in Ottawa

Cost	Loan Amount	Loan Term	Serviced Provinces
iCash: Easy-to-use payday loan app with 24/7 instant funding
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 No matter the time of day, month or year, if you need a payday loan, iCash is ready to help. This online payday lender accepts and approves applications 24/7, and there's no credit check needed to apply. You can apply online or via a user-friendly app, and if approved, you'll get your money via e-Transfer within minutes. And if you need any help with your loan, iCash also offers 24/7 customer support. Pros & cons Pros Accepts a wide range of income types Instant decisions Get funded 24/7 within minutes Bad credit won't stop you from getting a loan 4.7/5 based on 2,900+ Trustpilot reviews Cons You'll be charged $14 per $100 borrowed Very short repayment period
Wagepay: No credit check payday loan for workers
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 If you're in steady employment but need some extra cash to cover an emergency expense, Wagepay can help. This new payday lender offers loans 24/7, with a five-minute application process online or via a mobile app. Wagepay provides payday loans in Ottawa with no credit checks, so bad credit won't stop you from getting a loan, and you can get your money via e-Transfer in a matter of minutes. Pros & cons Pros Get funded 24/7 No credit checks Fast access to your money by e-Transfer No late fees User-friendly mobile app Cons You'll need to receive employment income to qualify for a loan Very expensive Short repayment period

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Cash advance apps in Ottawa

Finder Score	Costs	Loan Amount	Loan Term
KOHO: Easy approval loans with no credit check or income requirements
8.7 Great KOHO Cover	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 If you're searching for bad credit loans in Ottawa with minimal eligibility requirements, KOHO Cover might be a perfect fit. There are no employment or minimum income requirements to qualify for a cash advance from KOHO, nor will you need to pass a credit check. You also have the flexibility to repay what you borrow at any time, unlike payday loans. KOHO Cover cash advances are interest-free, but you'll pay a monthly fee starting at $2. Pros & cons Pros Instant access to funds Apply without a credit check No interest charges or NSF fees Lenient eligibility criteria Cons Maximum advance amount of $250 Monthly KOHO plan fee (waivable) KOHO Cover subscription fee
Nyble: Low-cost, no credit check loans that build credit
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 If you have limited credit history or poor credit, Nyble's small lines of credit of up to $250 are designed with you in mind. You can apply online or via a mobile app with no credit check, and you can get funded instantly if you sign up for a paid monthly subscription. You can then use the line of credit funds however you wish, and when you make on-time payments towards your loan balance, Nyble will report them to the credit bureau to help you build your credit history and score. Pros & cons Pros Could help improve your credit score Instant funding available No interest charges to worry about Free credit score tracking 4.8/5 stars based on 9,200+ Trustpilot reviews Cons You can only borrow up to $250 Funding with a free account takes up to three business days Late payments are also reported to the credit bureau
Bree: Low-cost, no credit check option
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 offers cash advances of up to $750 to help you cover unexpected expenses and avoid bank overdraft fees. You can apply within minutes online or via Bree's highly rated mobile app, and the fact that you don't have to complete a credit check makes this a solid option if you're searching for bad credit loans in Ottawa. And the best part is that not only will you not pay any interest on the money you borrow, but if you don't mind waiting up to three business days to get funded, there are no fees to pay either. Pros & cons Pros No interest charges No mandatory fees Apply in minutes with no credit check Get an instant decision Tips are optional 4.8/5 based on 8,500+ Trustpilot reviews Cons Maximum advance amount of $750 may not be enough for your needs Monthly subscription fee if you want instant access to funds A transfer fee also applies to instant transfers

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Installment loans in Ottawa

Finder Score	APR Range	Loan Amount	Loan Term
Spring Financial: Private lender with fast online funding
8.5 Great Spring Financial Personal Loan	8.5 Great	9.99% - 35%	$500 - $35,000	6 - 84 months	Go to siteView details Compare product selection Compare	loading	Why we like it Spring Financial offers private loans in Ottawa for borrowers with all types of credit. These unsecured installment loans are available in amounts of up to $35,000, with repayment periods ranging from 6 - 84 months. Spring Financial also offers a 100% online application process, and you can get approved and funded the same day via e-Transfer. You can then repay your loan on a bi-weekly or monthly basis, plus pay your loan off early without penalty. Pros & cons Pros Loans of up to $35,000 available Flexible repayment options Completely online application process Same-day funding Payments reported to the credit bureaus to help you build credit Cons High rates for bad credit Borrowers with good to excellent credit could find a lower rate elsewhere
Loans Canada: Loan search platform with 60+ lenders
8.6 Great Loans Canada Personal Loan	8.6 Great	9.99% - 35.00%	$500 - $50,000	6 - 60 months	Go to siteView details Compare product selection Compare	loading	Why we like it If you're searching for installment loans, Loans Canada makes it easy to compare offers from a network of 60+ lenders. When you fill out an application on this loan search platform, you're then matched with lenders who are willing to offer you a loan. You can compare the offers, find one you like and complete the application with the lender of your choice. There's a wide range of loan types available too, along with lenders who work with borrowers who have good or bad credit. Pros & cons Pros Easy way to compare multiple loan offers Options for good and bad credit Wide range of loan types available Large network of lenders Cons Not a direct lender High rates for bad credit It could take up to three business days to get funded

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Car title loans in Ottawa

Finder Score	APR Range	Loan Amount	Loan Term
Pit Stop Loans: No credit check car collateral loans
Not scored yet Pit Stop Car Title Loans	Not scored yet	8% - 29%	$1,000 - $25,000	N/A	View details Compare product selection Compare	loading	Why we like it Pit Stop Loans offers car title loans in Ottawa of up to $25,000. If you own a vehicle that meets the Pit Stop Loans eligibility criteria, you can apply online and use the title to your vehicle to secure the loan. There are no credit checks, and you can get approved and funded the same day you apply. Loan terms of up to 60 months are available, and you also have the option to pay your loan back early without penalty. Pros & cons Pros Bad credit won't stop you from getting a loan Get funded the same day No credit checks No penalties for early repayment Cons You could lose your car if you can't make repayments Watch out for high rates Vehicle check, lien search and vehicle inspection fees apply You'll need to own a vehicle to qualify
Fast Action Finance: Car equity loans with same-day funding
Not scored yet Fast Action Finance Car Title Loan	Not scored yet	Not Disclosed	Up to $25,000	Not available	View details Compare product selection Compare	loading	Why we like it If you're searching for car equity loans in Ottawa, Fast Action Finance is worth checking out. Established in 1997, this car title lender offers loans of up to $25,000. You don't need to be employed or undergo a credit check to qualify for funding, and you can also get approved and funded the same day. You then get to keep using your vehicle while you pay off the money you borrow. Pros & cons Pros Get your money the same day Bad credit is OK Online application and approval process No job required Cons You need to own a vehicle no more than nine years old Watch out for high rates You could lose your car if you can't make repayments

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Pros and cons of loans in Ottawa

Tips to increase your odds of approval with fair or bad credit

Boost your chances of qualifying for fair and bad credit loans in Ottawa with these simple tips:

• Pay down your debt. If you already have a payday loan or other short-term loan debt, this will hurt your chances of approval. That’s why you should pay off other debts before you apply.
• No NSF transactions. Waiting until you have no NSF transactions in your bank account history for at least 60 to 90 days will help convince the lender that you are disciplined enough to manage loan repayments.
• Rebuild your credit. If you can afford to wait a while before borrowing money, taking steps to improve your credit score will ensure that you’re more likely to be approved. Reducing your credit utilization ratio and disputing any inaccuracies in your credit report are just two of several simple things you can do to boost your score.
• Choose the right lender. Before you apply, check the lender’s eligibility requirements to make sure they’re willing to work with borrowers in your position.
• Apply with a cosigner. If you’ve got a relative or friend with excellent credit who is willing to cosign your loan, you’re much more likely to be approved.
• Provide collateral. If you can provide collateral and take out a secured loan, this reduces the risk for the lender and increases your chances of approval. That’s why loans like car title loans may be easier to qualify for.

Bottom line

If you need a fast cash loan in Ottawa, there are plenty of options worth considering. The right type of loan for you will depend on factors like how much you need to borrow and what sort of repayment schedule will best suit your income. From cash advances and installment loans to car title loans and payday loans in Ottawa, compare a range of loan types and lenders before deciding where to apply.

Frequently asked questions

• Are there any lenders that offer payday loans in Ottawa with no credit check?

  Yes, there are several lenders that offer no credit check payday loans in Ottawa, such as Wagepay, Credit Club Loans, Money Mart and Mr. Payday. Instead of checking your credit history, these lenders will check whether you have enough income to afford to repay a loan.

• Who offers no credit check loans in Ottawa?

  You have several options to choose from if you want to get a loan without completing a credit check. Payday loans are a popular option, but they're also very expensive and have short repayment periods. Cash advance apps are an affordable, interest-free alternative if you only need to borrow a small amount, while there are also plenty of online lenders that offer short-term installment loans with no credit check. And if you own your vehicle outright, you can also consider applying for a car title loan.

• Can I get guaranteed approval loans for poor credit in Canada?

  No. A lender will need to assess your income and financial situation before deciding whether you can afford to repay your loan. Advertising "guaranteed approval" could also be a sign of a personal loan scam, so proceed with caution if you come across a lender making promises that sound too good to be true.

• Are there instant approval payday loans in Ottawa?

  Yes, multiple payday lenders use automated systems that allow them to assess and approve loan applications 24/7. If your application is successful, you will usually receive the funds within minutes via e-Transfer.

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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