Can I Repay in Advance To Obtain a New Loan?

Can I repay in advance to obtain a new loan?

You are entitled to repay your loan in advance at any time without any penalty fees in every province.
However, in Alberta and in Nova Scotia, be aware that repaying in advance will NOT allow you to reapply immediately. You will only be able to apply for a new loan on or after the date of your last scheduled payment due date, as listed in your previous loan agreement.
To find out the date you will be able to reapply, simply login to your iCash member account.
As a responsible lender, iCash aims to encourage its customers to repay according to the original terms/dates of their loan agreement. Our goal is to help our customers in the long run, to help them get out of the debt cycle.
iCash is committed to offering financial guidance to help customers improve their finances.