Borrowing just got better

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Borrowing just got better

A fast alternative to a traditional payday loan


We’ve all had a fast loan need at one time or another. And we understand that to get back on the right financial track, it takes a little help and guidance along the way. Which is why iCASH aimed to provide that needed help and guidance in the form of innovative financial solutions: Fast loans tailored for your specific needs.

20%

CASHBACK

Borrow and Save!
Get up to 20% in Cashback!*

iCASH offers a unique Cashback program to reward its customers. You can get back up to 20% of the cost of borrowing paid once your loan is repaid and receive your Cashback direct into your bank account the same day. Real saving and real Money!*

Why iCASH

Get an easy, safe and fast loan

No
Wait

Complete the secure online loan application in minutes. No documents are required. Be instantly approved and receive an e-transfer within 5 minutes after electronically signing your contract. Even on weekend and Holidays!

No
Paperwork

Apply from the comfort of your home - no more faxing documents or waiting in line. The instant online payday loan process is flexible and convenient.

Get
Approved

Simply fill an easy online application and you can be instantly approved for your cash. Get the repayment schedule that suits your needs with 1, 2 or 3 installments.

Grace
Period

We will add a 5 days grace period before starting to repay your loan on your next payday. This means you will have an extra 5 days to pay us back with no extra fee.

100%
Compliant

As licensed lenders, we are fully compliant with provincial laws and regulations, and our transparent lending process means no hidden fees and no surprises.

Flexpay
Repayment

We give you the option to repay your loan in one, two or three equal payments while paying the same interest fee!

Same day cash loan

Same Day Cash Loans

Whether it's a car repair, doctors' bills, ODSP Payday Loans, or tuition fees, everyone needs a little help from time to time. A quick cash loan from iCASH gives you easy access to the funds you need.

We want to make online loans as hassle-free as possible. Check out our Education Center to get all the details you need, from budgeting tips to financial term definitions.
If you are having a hard time figuring out how much money you need, try using our simple budget loan calculator !


To learn more about how we differenciate ourselves from other lenders, go see our comparison chart.

+ 200 000
members since 2014
93%
of approved applications
4.9out of5
customers would recommend us to their friends


Customer Rating

Find out what our customers think about iCASH!

"Pertige from BC"
"Sami from Ontario"
"Teri from New Brunswick"
"John from New Brunswick"
"Erika from Alberta"
"Stephen from Alberta"
"Chelsea from Ontario"
"Scott from Alberta"
"Lynda from Ottawa"
"Kenton from Alberta"
"Catalina from BC"
"Chris from Alberta"
"Jasmine from BC"
"Christa from Alberta"
"Melissa from Ontario"
"Heather from Alberta"
Read our customers stories

How to be Eligible for a Loan

To qualify for a fast online loan from iCASH, you must:

  • Be at least 19 years old.
  • Be a Canadian citizen and a resident of British Columbia, Alberta, New Brunswick, Saskatchewan, Ontario, Nova Scotia or Manitoba.
  • Be employed with the same employer for the past 3 months.
  • Have a Net income of at least $800/month.
  • Receive your pay by direct deposit.
  • Have a Canadian bank account that is open for at least 3 months.
  • Have a valid phone number, address, and email address.
  • Not have filed in the past or have the intention to file bankruptcy.

Interest Fees and Transparency

The cost of borrowing is calculated as a percentage of the amount borrowed and range between $15 to $23 according to the payday loan legislation of each province:

Province Interest Fees & Transparency Late fee
Alberta $15 per $100 $25
British-Columbia $15 per $100 $20
Manitoba $17 per $100 $20
New Brunswick $15 per $100 $20
Nova-Scotia $19 per $100 $40
Ontario $15 per $100 $48
Saskatchewan $17 per $100 $50
Prince Edward Island $25 per $100 lent $48

When you take a cash advance loan or Flexpay loan with iCASH, you are always in complete control of how much money you will owe and there are no surprises nor hidden fees. Before signing your loan agreement, we will give you a breakdown of all the costs involved in your loan so you will be able to make an informed decision.

Getting Your Money

There is nothing easier than getting your money. After electronically signing your contract, you will receive your funds by e-transfer in the next 5 minutes. We send e-transfers 7 days a week, 24 hours a day. At iCASH, we want to ease our clients’ lives since we know that you have more important things to care about. Therefore our services are fast, convenient and hassle-free.

Managing Your Loan

Can I make repayments early?

Yes, it is possible to repay early, and we encourage you to do it if you are able to! There are also no charges for early repayments. Repaying early is a great choice because:

  • There are no extra fees
  • You can improve your trust rating with iCASH

Can I increase my loan amount after I get my cash?

As responsible lenders, we only let our customers take out one loan at a time. That's why it's important when you apply for a loan to consider your finances and to choose the loan amount and repayment options that are right for you.

Repaying Your Loan

What happens on my repayment date ?

In order to make the repayment process as straightforward as possible for you, we will automatically debit your bank account on the due date for the amounts specified in the contract. On your repayment date, please make sure you have enough money available in your bank account for the payment in order to avoid any additional fees.

Repayment Plans

We have two repayment plans you can choose from in order to find one that suits you best.

  • Cash advance: make a repayment between 7-62 days after you are approved
  • Flexpay: make 2 or 3 repayments between 7-62 days after you are approved

Repeat Borrowing

Trust Rating System

When you apply for your first cash advance loan or Flexpay loan with iCASH, you can apply for up to $750. If you pay back your first loan on time and according to the terms and conditions of your loan, you will gradually be eligible to borrow up to $1,500.

A cash advance loan or Flexpay loan is considered as a short-term loan and is not intended for frequent use. If another situation arises and you do need to borrow money from us again, the loan application process will be quicker than the first time. Since most of your information are saved in your iCASH account, you can simply log in, confirm the existing information, and apply. It's that simple!

As part of our commitment to responsible lending, we may at time make adjustments to ensure that each personal loan we give is in the best interest of our customer's financial health. We consider each application we receive on an individual basis, so repeat borrowers are not guaranteed approval because they have borrowed from us before.

Late Fees

You can avoid any non-sufficient fund fees by making payments on time and ensuring that money is available for pre-authorized debits in your account on the due dates. NSF fees are broken down as follows, depending on each of the following Canadian provinces: British Columbia, Alberta, New Brunswick, Saskatchewan, Ontario, Nova Scotia and Manitoba.

Province NSF
Alberta $25
British-Columbia $20
Manitoba $20
New Brunswick $20
Nova-Scotia $40
Ontario $48
Saskatchewan $50
Prince Edward Island $48

Collections

iCASH's lending process is fully transparent so you can clearly understand your repayment responsibilities. Depending on your pay period this daily fee may change. Your total amount to be repaid is the loan amount plus the interest fee, no additional fees will be charged to you.

The only way that your repayment amount would increase is if you do not comply with your loan repayment agreement. You must make sure that your bank account has enough funds to cover the preauthorized debit on the date you agreed to make a loan payment. If your bank account has insufficient funds at the time of the preauthorized debit, you will be charged a missed payment fee, and your bank may also charge you a non-sufficient funds fee. From there on, collection interests will be applied to the remaining balance of your loan until it is fully repaid.

From that point on, your file will be passed on to our professional collections team who will do their best to come to an agreement with you. Unfortunately, if you do not work with us to repay your loan in the agreed-upon time frame, iCASH will have no other choice but to pass on your file to an external collection agency.

The transfer of your file to an external collection agency may also generate additional fees for you, it can lead your credit file to a negative note and could damage your file for six years. Your credit file information can be passed on to other organizations by credit agencies and fraud protection agencies for verification purposes or to track your whereabouts in order to recover the sums owed.

This is why we reiterate that it is extremely important to respect your commitments with us. iCASH is a company with a human side and we understand that difficult situations may happen. If this is the case, please contact us as soon as you can so we can find an arrangement that can reduce costs for you and that will allow you to meet your commitments. However, iCASH strongly recommends that you think seriously before applying for a loan. If you have any doubts about your capacity to reimburse this loan according to the established terms, we recommend you to find another source of financing.