Installment Loans

Get approved for an iCash installment loan in minutes! Designed for all credit backgrounds, our paperless process offers quick access to cash with fixed, budget-friendly payments!

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Minimum

$100

$750

Maximum

$1,500

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Cost summary

Cost
$85.50
Cashback
-$53.16
instant-loans
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Installment Loans in Canada

An installment loan in Canada is a type of loan that lets you borrow money and pay it back over time in smaller, scheduled payments. In Canada, they help cover unexpected expenses without putting too much strain on your budget. Instead of paying everything at once, you can spread the cost across multiple repayments, making it easier to manage. 

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.

Don’t wait! Apply 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. 

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, they save time and provide quick support without in-person appointments.

Installment Loans

What Are the Benefits of Installment Loans in Canada?

Choosing an installment loan can be a smart way to manage unexpected expenses because they offer flexibility, predictable repayment terms, and accessibility for a wide range of borrowers. 

Whether you need to cover an emergency cost or spread out a large purchase, installment loans provide a structured and manageable way to borrow money. 

Here are some key benefits:

No Refusal Installment Loans

No refusal installment loans give borrowers a better chance of getting approved, even if they have a low credit score. As long as you have a steady income and can make your payments on time, you may qualify. They provide a fast and easy way to access cash when you need it most, without the worry of being turned away due to past financial struggles.

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 doing things 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 something that fits your needs, offering flexible repayment options that make managing payments easier. Accessible, supportive, and tailored to you. 

Bad Credit Accepted

Bad credit installment loans provide a lifeline when you need cash fast, regardless of your credit history. With flexible terms and an easy repayment structure, they help cover essential expenses without added stress. 

Whether you’ve faced past financial challenges or have no credit history, bad credit installment loans guaranteed approval Canada offers a reliable solution to access funds quickly and manage payments comfortably.

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 another one faster.

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.

Get your Installment Loan with iCash 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 download the iCash app on the Apple store or Google Play store today to get started!

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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.

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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

$257 Million
saved by iCash customers since 2016
67,700+
positive reviews
$12,700,000+
given in Cashback
2.7 Million
online loans issued since 2016
700,000
downloads of the iCash App

Frequently asked questions

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 are often available from alternative lending companies like iCash. They offer fast approval, easy repayment options, and access for borrowers across various credit backgrounds. This means individuals with poor credit or no credit history can easily qualify.
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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