Installment Loans

Manage life’s surprises with ease! iCash offers installment loans in Canada for up to $1,500. iCash provides quick access to funds 24/7 with fast approval and simple repayment plans. Apply today!

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Minimum

$100

$750

Maximum

$1,500

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2

3

Elite

New customer

Prestige

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Cost summary

Cost
$85.50
Cashback
-$66.45
instant-loans
interac

Apply now and receive your money by e-Transfer at no extra cost.

Installment Loans in Canada

Installment loans in Canada offer a flexible way to handle life’s unexpected expenses without stretching your budget thin. Spread across multiple repayments, they make it easier to manage costs gradually instead of all at once. 

Unlike traditional loans, which often require a strong credit history, installment loans are accessible to a range of credit scores, welcoming everyone, even newcomers to Canada who may not yet have an established profile. 

Applying through the iCash website or mobile app is quick and convenient, taking just minutes. One recent iCash customer — a newcomer facing a car breakdown during a harsh winter — was able to get back on the road, thanks to fast access to funds he couldn’t qualify for elsewhere. 

With flexible repayment terms, our loans for emergency expenses give Canadians and newcomers alike control over their finances. Get cash, 24/7, even on weekends and holidays. 

Start now! Complete your application today to experience secure, easy access to funds when you need it most.

What Else Can I Use an Installment Loan For? 

Installment loans aren’t just for emergencies. Use them to support a variety of financial needs, including:

  • Education Costs: Use the money for tuition, textbooks, or even certification courses to advance your career.

  • Pet Expenses: Whether it’s a routine check-up or urgent care, multi-payment loans can help cover unexpected pet bills.

  • Wedding Expenses: Plan your big day without dipping into long-term savings by covering extra wedding costs with a flexible loan.

  • Travel Costs: Need to visit family, or have an urgent trip come up? Fund your travel plans with manageable installment payments.

  • Holiday Expenses: Spread out the cost of gifts, decorations, and festivities to keep your holiday season stress-free.

  • Home Repairs: Cover essential repairs like a leaky roof or a broken furnace, especially during those cold Canadian winters.

  • Medical Bills: Manage out-of-pocket medical expenses or dental work that might not be fully covered by insurance.

How to Get an Installment Loan 

Applying for an installment loan with iCash is quick and easy. Whether you need $1,500 for a large purchase or $100 for essentials, we have options to fit your needs. 

Here’s how to apply for your installment loan:

  1. Go to icash.ca: Visit our easy-to-navigate website or download our secure mobile app. Feel confident with our online loans, as we use the latest security technology to protect your personal information.

  2. Choose your loan & payment plan: Decide how much you need to borrow and for how long (up to 62 days). Then, use our dynamic loan calculator to determine your repayments for easier budgeting.

  3. Submit your application: Fill out our application form with basic personal and employment information. These small details allow us to assess your current financial situation and determine the best loan option for you.

  4. Get Your Cash: Once approved, money is sent immediately via e-Transfer, 24/7. It’s that simple!

Don’t wait! Apply for a loan now and take the first step towards hassle-free loans — quick approvals, flexible terms, and a secure path to meeting your most pressing financial needs. 

Installment Loans

Types of Installment Loans for Canadians 

No Refusal Installment Loans 

Offers flexible repayment without extensive eligibility requirements. With a steady income, individuals can access funds even with past credit challenges.

Installment Loans for Bad Credit 

Designed for Canadians with poor or no credit history, providing up to $1,500 for urgent expenses. On-time repayment helps establish credit through responsible borrowing.

Online Installment Loans No Credit Check* 

Fixed payment loans that welcome all credit types. While a credit evaluation is conducted, it doesn’t impact approval decisions — steady income and repayment ability matter most.

Installment Loans Instant Approval 

With fast online processing, instant approval loans offer immediate funding for unexpected expenses, helping Canadians meet financial obligations without delay. 

Online Installment Loans 

Digital loans offer fast, secure funding entirely online. Ideal for busy Canadians or those with mobility restrictions, these loans save time and provide quick support without in-person appointments.

Ready to find the right loan for your needs? Apply now and keep life moving!

Why Choose iCash for Installment Loans in Canada?

When you choose iCash, you're not just choosing a lender, you're choosing a reliable financial partner. Our mission is to provide you with the freedom you need to handle unexpected expenses, all while being able to manage a comfortable loan repayment plan.

Here are some additional reasons why iCash is the top choice for installment funding in Canada:

24/7 Online Convenience

No need to leave the comfort of your home! Apply entirely online, making it perfect for those in remote areas or anyone who just prefers getting a loan in a more private setting. Quick, easy, and done in minutes.

High Approval Rate

With 9 out of 10 applicants approved, your chances are high no matter your credit history. We work with you to find a loan that fits your needs, offering flexible repayment options that make managing payments easier. Accessible, supportive, and tailored to you. 

Bad Credit Accepted

Our bad credit financing options make it possible to access cash when you need it most. With simple terms and an easy repayment structure, you can cover essential expenses, no matter your credit background.

Accessible for All Situations

Accessible to everyone, installment loans help with any financial need — whether it’s covering unexpected expenses or managing everyday costs. No matter your financial background, this option offers reliable support whenever you need it.

Transparent Repayment Structure

What you see is what you get! No hidden fees or surprise terms. You’ll get a clear repayment plan that tells you exactly what’s due and when. It’s all about making budgeting a breeze.

No Prepayment Penalties

Want to pay off your loan early? Go right ahead, no penalties here! This flexibility keeps you in control, and paying it off sooner could even make you eligible for a re-loan faster.

Encryption-Level Security

Your security is our top priority. With bank-level encryption, your personal information is protected every step of the way. Apply and manage your loan confidently, knowing your data is as secure as it would be with any major financial institution.

Take care of any expense with our quick, secure, and flexible solutions. Choose iCash today and see how easy it is to get the financial support you need.

Apply for an Installment Loan Today

Applying for an installment loan can provide the financial support you need with manageable, fixed payments. Choosing iCash means flexibility, ease, and security, so you can face life’s surprises with confidence. We accept all credit types, so start your iCash membership today!

*iCash conducts a one-time verification for your first loan. Subsequent loans are exempt from this verification.

Read more

iCash is a member of the Canadian Consumer Finance Association.
iCash uses TransUnion technology to improve our lending solutions.
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.

Behind each review is an experience that matters

Since 2016 we have happily served over half a million customers.

Read more reviews.

How to Apply for Installment Loans in Canada?

1

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.
2

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.
3

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.

We help our members get their finances back on track

$215 Million
saved by iCash customers since 2016
61,300+
positive reviews
$10,500,000+
given in Cashback
2.3 Million
online loans issued since 2016
700,000
downloads of the iCash App

Frequently asked questions

What is an installment loan?

An installment loan is a type of loan in which repayment of the principal and interest takes place through multiple payments* spread over the life of the loan. This contrasts with other types of personal loans where a single lump-sum repayment is made at the end of the loan term.
Installment payments are typically divided into equal amounts, spread equally over the loan term.

Where can I get an installment loan?

Loans repayable in installments may be available from banks, payday loan stores, and online lenders. Many kinds of personal loans can be repaid in this way. However, most people seeking installment loans, especially online, are looking for a particular type of short-term loan.
These are best obtained from online lenders like iCash, which specialize in short term loans of up to $1,500, with terms of a few weeks to a few months. Depending on the province you live in, you can choose between 2 or 3 installment repayments* or a single lump-sum repayment. Regardless of which choice is made, the interest rate on the loan will remain the same.

What is the easiest installment loan to get?

The easiest installment loans to get are from iCash, an alternative lender that serves Canadians with diverse credit backgrounds. These loans can help with short-term financial needs, providing you with a quick and easy way to access funds without the stress of lump sum payments. 
In just minutes, you can fill out an application and receive an instant approval decision, regardless of your credit history. Get an fast e-Transfer up to $1,500 with easy repayment options that fit your needs.

How to get an installment loan with bad credit?

The best way to get an online personal loan with bad credit is to choose a private lender with no minimum credit score required to qualify. Since iCash won't reject customers because of a poor credit score, you have the best approval odds to obtain your loan successfully.
It doesn't matter what your credit score may be or whether you have a limited or even no credit history. As long as you meet the other eligibility requirements, it's likely that you'll be approved for a personal loan for bad credit.

Do installment loans lower credit?

No, these lending solutions won’t directly lower your credit. Responsibly repaying your loan can positively impact your credit score, as it shows you are a responsible borrower. However, missing payments or defaulting on a loan can have a negative impact on your credit score if reported to credit bureaus. Always borrow within your means and make timely repayments to maintain a good credit standing.

What is an unsecured installment loan?

An unsecured installment loan doesn’t require you to put up collateral, like a car or house, to secure the loan. Approval is typically based on factors like your income and repayment ability. It makes these loans more accessible without risking personal assets.

What is the difference between a payday loan and an installment loan?

Both are short-duration funding options that provide instant cash for individuals in need. They cater to all types of credit backgrounds and offer an easy, online application process.
Payday loans typically require full repayment on your next payday, whereas installment lending alternatives allow you to pay back the loan in fixed payments. At times, multi-payment loans may be a more flexible option for borrowers who need more time to repay, but both are suitable for different financial situations. 

Have more questions? Check out our full FAQ.

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