Emergency Loans Canada

Discover your lifeline in a financial crisis with emergency loans in Canada from iCash. fast, accessible, and reliable solutions await you.

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Get Approved For an Emergency Loan in Canada in 5 Minutes

When life throws unexpected financial challenges your way, having a safety net in the form of emergency loans in Canada can make all the difference. A quick and accessible solution, you can get approved for an emergency loan in Canada in 5 minutes!

By design, emergency loans in Canada are meant to provide funds in the form of an instant payday loan as quickly as possible, so that you're never left stranded in unexpected times of crisis.

When dealing with emergencies, time is of the essence. You simply may not be in a position to wait a few days, or even a few hours, to secure a cash loan to pay your bills. This is why emergency loans are such a game-changer.

With a commitment to providing accessible payday loans in Canada, iCash offers a lifeline for those seeking financial stability during emergencies.

Apply for an Emergency Loan Online

To get an emergency loan online, you must first meet the following minimum criteria:

  • Minimum requirements to get a loan:

  • Be at least 18 years old (19 years old for applicants in British Columbia, New Brunswick, Nova Scotia).

  • Be a resident of any of the provinces in which we operate.

  • Show that you have been receiving the same source of income for the past three months.

  • Have a total net income of at least $800/month.

  • Have access to an online bank account.

  • Have a valid mobile phone number, address, and email address (VoIP numbers are not accepted).

If you meet the requirements on this list, then all you need to do is create your iCash account and follow the easy-to-understand instructions on applying for an emergency loan!

Emergency Loans in Canada

Options for Emergency Loans in Canada

Emergencies can strike when you least expect them, and that's why you can get an instant emergency loan in Canada to help you. These types of quick loans are designed to offer fast and accessible solutions, providing financial help in your time of need.

If you need emergency cash immediately, Canadians have access to different options for emergency loans, each catering to different needs.

Bad Credit

People with bad or poor credit history likely won’t get approved for a loan from a traditional institution like a bank. But if you need money now, even people with poor credit can easily get approved. It’s also accessible in the sense that the entire process, from applying for the loan to receiving your funds in the form of an instant e-Transfer, can all be done online, so you never have to leave your home if you’re seeking urgent loans for bad credit.

No Credit Check

No credit check loans are available to individuals with a less-than-perfect credit history, providing a lifeline when credit is an issue. It’s important to note that legit loan lenders like iCash will still perform a soft credit check, but decisions are based on factors like income and repayment capacity, rather than a person’s score.

If you’re looking for emergency no credit check loans, it’s important to know that all reputable lenders will always perform a minimum soft credit check, which is simply to verify your information and not a factor when it comes to approving individuals for loans. Regardless of your credit history, you have the opportunity to secure the financial support you need during challenging times.

No Refusal in Canada

With emergency no refusal loans in Canada, you’ll never have to worry about the stress of rejection when you need cash fast. No refusal payday loans in Canada assures applicants that, regardless of past financial setbacks, there are options available. This is exactly why iCash analyzes other things, aside from your credit history, when approving loans - because we understand and know that a person is more than just a number.

For Unemployed in Canada

If you’re unemployed or don’t necessarily have a regular source of income, you can still qualify for emergency loans for the unemployed in Canada. The fear of being without a regular income can be overwhelming. They consider other factors, such as government benefits, or alternative income sources (such as self-employed freelancer workers).

If you need to apply for an emergency loan online today, you’ll be happy to know that you can apply for one all from the comfort of your home, even if you don’t have a job. When unexpected financial crises strike, time is of the essence. Thankfully, online applications for emergency loans, particularly from iCash, offer a streamlined and user-friendly solution and since multiple forms of income are accepted, you can still qualify even if you don’t have a job.

The Purpose and Benefits of Emergency Loans

One of the standout benefits of emergency loans is their fast processing. Getting emergency money in Canada in the form of a payday loan will help provide you with the funds you need as quickly as possible, often on the same day.

People with bad or poor credit likely won’t get approved for a loan from a traditional institution like a bank. But if you need money now, even people with poor credit can easily get approved. It’s also accessible in the sense that the entire process, from applying for the loan to receiving your funds in the form of an instant e-Transfer, can all be done online.

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iCash is a member of the Canadian Consumer Finance Association.
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iCash uses Interac e-Transfer to send loans to our customers.
iCash uses Equifax technology to improve our lending solutions.
iCash is owned by women and promotes diversity, equity, and inclusion.

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How to get an emergency loan


Apply Online

Getting an online loan with us is fast and easy. Simply select your loan amount, repayment plan* and provide some personal details.

Sign up and apply online or on our app.

Instant Decision

Our online loan application will tell you if you’re approved instantly. Once approved, all you have to do is electronically sign your contract. It’s that easy!

Get a decision instantly after completing our paperless loan application.

Get Funds

Once you sign your digital agreement, your cash advance will be sent by e-Transfer within 2 minutes. Fast, convenient and hassle-free. Funds are sent 24/7, no matter what.

Receive your money by e-Transfer within minutes of signing your agreement.

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Frequently asked questions

What is an emergency loan?
An emergency loan is an unsecured loan for up to $1,500 that you can take out to cover unexpected expenses. They are unsecured instant loans that you can reimburse in one or multiple installments* where local regulations allow it. If you opt for the online loan version, with a lender like us, they are also available around the clock.
How can I borrow money in an emergency?
You can get an emergency loan by contacting a private lender in your province. To apply for a loan, you could go to a loan store or look for an online lender.
At iCash, you can apply anytime and anywhere, receive an instant decision, and even get the money the same day if you've been approved.
How much can I borrow with an emergency loan?
You can borrow amounts typically ranging from $100 to $1,500 through payday loans.
How quickly can I receive the funds from an emergency loan?
Funds from an emergency loan can be received very quickly! iCash sends out approved funds in 2 minutes via e-Transfer.
Can I get an emergency loan with bad credit?
Yes, you can get emergency loans for bad credit as long as you turn to the right lender. Like iCash, direct lenders have flexible terms and no minimum credit score requirements so that you can qualify for a loan even if you have poor credit.
What can I use an emergency loan for?
Emergency loans can be used for any urgent financial need, such as paying bills, medical emergencies, or other unexpected expenses that require immediate attention.
What happens if I can't repay my emergency loan on time?
If you fail to repay an emergency loan on time, you may be charged additional fees and your credit score may be affected. It's important to contact us to discuss potential solutions if you foresee difficulties in repayment.
What are the interest rates for emergency loans in Canada?
The interest rates differ depending on your province:
  • British Columbia: $15 per $100 borrowed
  • Alberta: $15 per $100 borrowed
  • Manitoba: $17 per $100 borrowed
  • Ontario: $15 per $100 borrowed
  • Nova Scotia: $15 per $100 borrowed
  • New Brunswick: $15 per $100 borrowed
  • Prince Edward Island: $15 per $100 borrowed

Please note that the cost of borrowing is fixed by the consumer protection of each province in which we are licensed.
What credit score do you need for an emergency loan?
As emergency loans often focus on other factors like income and repayment ability, a specific credit score is not usually necessary. Many lenders like iCash offer loan options for those with poor or bad credit, focusing on your ability to repay the loan, rather than just credit scores.
So, if you need an emergency loan, don’t let a poor credit score hold you back. Apply for a loan with iCash today!

Have more questions? Check out our full FAQ.

Get a fast e-Transfer today!

iCash has helped more than 950,000 Canadians get instant loans online without hassle. Download our mobile application today!