iCash operates 24/7, entirely online. We offer the best rates for short-term loans thanks to our flexible repayment options*. You can repay your loan over your next three pay periods in most provinces, and earn cashback when your loan is repaid!*
Navigating through the different short-term loan options can be overwhelming. Some lenders follow the Canadian payday loan regulations and apply a fixed rate on the amount borrowed. Other lenders, however, do not have a license and charge annual interest and brokerage fees. Trying to figure out the best solution for you can be daunting, especially when you need to go with the fastest option.
Here is an example comparison chart to help you better understand which short-term loan solution is right for you (based on British Columbia payday loan rates):
Swipe to compare.
Prorated cost of borrowing
In the example above, the prorated cost of borrowing with iCash is $5.72 lower per day than a payday lender that structures their loan to be repaid in full the following pay period. iCash customers can repay their loans in three instalments in most provinces, which makes it easier to repay and lowers the daily cost of borrowing.
Comparing the term options of your loan is important so that you have a clear and informed understanding before you sign a loan contract, especially if you are applying for a loan with bad credit in Canada. Each province has different regulations that govern the rules and rates for all licensed lenders.
If you have any questions about the rates in your province, our Customer Experience Advisors would be more than happy to assist you.
Curious about the cost of your instant loan before you apply? No problem! Use our loan calculator to figure out any fees associated with your iCash loan.
iCash is a licensed, direct lender offering quick, online loans to Canadians. With our 100% online application process, you’ll receive your funds, via e-Transfer, within minutes making us a fantastic alternative to in-store payday lenders!
Earn money every time you borrow with iCash! Our unique cashback program is designed to reward you for being a loyal customer and can help you save on future loan payments. After successfully repaying your first iCash loan, you'll receive 5% of the cost of borrowing credited to your account. You can earn up to 20% depending on how many iCash loans you have repaid.
Have more questions? Check out our full FAQ.