Looking for Loans Like iCash? Here's Why We're Still Your Best Choice

Searching for alternatives to iCash? We get it, you want to make sure you're getting the best deal. That's smart. Taking the time to compare your options matters. Over the years, more than a million Canadians have chosen to trust iCash, and we’re grateful to keep earning that trust every day.

We stand out among fast-loan providers with instant decisions, transparent fees, and 24/7 funding. Whether you're comparing apps or exploring your options, we'll here to help Canadians with their emergency cash needs.

Why Canadians Choose iCash Over Alternatives

1,000,000+ Canadians have trusted iCash for their emergency loan needs. Here's why they choose us:

Speed When It Matters

When it's a true financial emergency, every second counts. When it comes to fast payday loan providers in Canada, nobody does it quicker than us. With instant decisions and funding via e-Transfer in 2 minutes, it doesn’t get much faster! No waiting days for banks or dealing with slow processing times. 

Honesty & Transparency

Unlike others who slip in surprise charges, we show you the full cost upfront before you even agree to a loan. No hidden fees, no shocks later. Our pricing follows government regulations at $14 per $100 borrowed. We believe financial stress is hard enough without worrying about unexpected costs appearing on your statement. What you see is what you pay, every single time.

Technology That Works

Apply 100% online. No store visits required. Our mobile-optimized platform works 24/7, even on weekends and holidays, with modern bank-level 256-bit SSL encryption to keep your data safe. Whether you're at home, at work, or on the go, you can complete your entire application from your phone or laptop in just a few minutes.

Customer Service That Cares

iCash maintains an exceptional reputation across the country. We've earned: 

• 4.7 out of 5 rating on Trustpilot from over 2,800 reviews 

• 4.5 out of 5 on Google from 6,000+ reviews 

• 4.8 out of 5 on the Apple Store with 21,000+ reviews 

• 4.7 out of 5 on Google Play from 12,000 reviews 

Our customer support team is available 24/7, 365 days a year to answer questions and help resolve any concerns.

Proven Track Record

With over 1 million Canadians helped, iCash is a fully licensed and regulated lender operating in Alberta, British Columbia, New Brunswick, Ontario, Manitoba, Nova Scotia, and Prince Edward Island. We're proud members of the Canadian Consumer Finance Association. 

Cashback Rewards

We offer up to 12% cashback on the cost of borrowing for returning members. This exclusive membership perk helps reduce your overall borrowing costs and rewards your loyalty. Repeat customers also enjoy an even faster re-loan process with no credit verification required, plus access to increased borrowing amounts (up to $1,500)*.

iCash vs Other Payday Lenders

While several instant loan apps operate in Canada, we deliver the fastest combination of approval and funding. Our instant approval decision and 2-minute e-Transfer funding speed means you get your money when you need it most, not hours or days later.

How We Compared These Lenders

To ensure this comparison is fair and accurate, we evaluated each lender based on:

1. Speed Metrics: We tested application-to-funding times during both business hours and weekends to measure real-world performance.

2. Cost Analysis: We verified all fees against provincial regulations and official lender websites to ensure accuracy.

3. Customer Reviews: We analyzed over 50,000 reviews across Trustpilot, Google, Apple Store, and Google Play to assess customer satisfaction.

4. Licensing Verification: We confirmed provincial licensing status with regulatory bodies to ensure compliance and legitimacy.

5. Feature Testing: We reviewed application processes and platform features to verify ease of use and accessibility.

Is KOHO a Payday Loan Alternative?

KOHO is a name that may sound familiar to you. They aren’t a traditional payday lender. They’re more of a banking app with a cash advance feature. Here’s the key difference between KOHO and iCash:

 Reading Trustpilot reviews for both iCash and KOHO gives you insights into actual customer experiences with each service.

How to Apply for an iCash Loan in 3 Easy Steps

Getting a payday loan with us is simple and fast. Here's how it works:

Step 1: Apply Online
Select your loan amount and repayment plan, then provide some basic personal details through our secure online application. The entire process takes just a few minutes and can be completed from any laptop or smartphone by downloading our iOS app or Android app.

Step 2: Instant Decision
Our system provides an instant approval decision. Once approved, all you need to do is electronically sign your contract.

Step 3: Get Funds
Once your contract is signed, your funds will be sent by Interac e-Transfer within minutes. Fast, convenient, and easy. We send funds 24/7, even on weekends and holidays.

Eligibility & Requirements

To qualify for an iCash loan, you need to meet these basic requirements:

• Be at least 18 years old (19 years old for applicants in British Columbia, New Brunswick, Nova Scotia)

• Be a resident of any of the provinces in which we operate (AB, ON, BC, MB, NB, NS, PEI).

• Show that you have been receiving the same source of income for the past three months.

• Have a total net income of at least $800/month.

• Have access to an online bank account, in which pre-authorized debits can be performed.*

• Have a valid Canadian mobile phone number, address, and email address (VoIP numbers are not accepted) 

*Please note that KOHO accounts do not qualify as they do not support pre-authorized debits.

We accept all types of income as acceptable forms of repayment too, including: 

• Regular employment income - Wages or salary from your full-time or part-time job

• Child tax credit benefits - Monthly government payments to help with the cost of raising children

• CPP and private pension - Retirement income from Canada Pension Plan or workplace pensions

• Employment insurance - Temporary financial support while you search for new employment

• Workers' compensation - Benefits received after a workplace injury or illness

• Disability income - Government or private support for those unable to work due to disability

• Province-specific programs like ODSP and AISH - Provincial assistance programs for individuals with disabilities

• Welfare support - Government financial assistance for those experiencing financial hardship

• Self-employed income - Earnings from your own business, freelancing, or contract work 

What to Consider When Choosing a Loan Provider

Whether you choose us as your loan provider or someone else, we want anyone reading this to be as informed as possible before applying for a payday loan.

It's important to borrow only what you know you can pay back and keep track of your repayment date. Responsible borrowing means understanding your financial obligations fully before accepting a loan. Do not take on more than one loan at a time, and remember that legitimate lenders will never give you more than one loan at a time.

And while there are no restrictions on how you use your loan funds, sometimes it’s best to consider using it for emergency costs like car repairs, medical bills, home repairs, etc. Consider alternatives if you want to use it for vacations or entertainment.

Make sure you think about the repayment terms carefully. We make sure to spell out all terms and fees clearly before you sign anything. All lenders should do the same. If there is any vagueness or inconsistency in what they charge, see that as a major red flag.

Before applying for any payday loan, compare your options. Look at approval times, funding speeds, fees, and customer reviews. Make sure you understand the total cost of borrowing and confirm that the lender is licensed and regulated in your province.

If you’re ready to get some financial assistance, we’re here to help. Start your application today!

Cities & Provinces We Serve Across Canada