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Date Published: June 26, 2026 (Updated June 26, 2026)
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TL;DR
iCash offers medical loans up to $1,500 for Canadians facing out-of-pocket health costs. e-Transfer payday loans are sent in as little as 2 minutes and are available 24/7, including weekends and holidays. No medical documentation or insurance claim is required to apply.
A medical loan can be used toward any health-related expense; We don't place restrictions on how loan funds are used.
Common costs Canadians cover include:
Prescription medications: New or ongoing prescriptions not covered by provincial drug plans
Dental procedures: Cleanings, fillings, extractions, root canals, and crowns
Vision care: Prescription glasses, contact lenses, and eye exams
Laser eye surgery deposits
Physiotherapy and rehabilitation sessions
Chiropractic treatments
Hearing aids and batteries
Medical equipment: Crutches, braces, CPAP machines, and mobility aids
Specialist co-pays and referral fees
Ambulance fees your province doesn’t cover
If it's an unexpected medical cost, a medical loan can help you cover it without waiting.
When searching for a health loan in Canada, you'll come across a few different options. Payday and short-term loans provide up to $1,500 and are designed for fast access, often within minutes of approval. Personal instalment loans offer larger amounts; however, in exchange for these higher amounts, they typically involve longer approval timelines and more documentation.
Some medical clinics and dental offices offer in-house financing for specific procedures, though it’s limited to the location where you're being treated. Credit lines give flexible access to funds but generally require strong credit and take time to set up.
For urgent, smaller out-of-pocket costs, iCash's short-term loan structure is the fastest path from application to funds in your account.
With us, you can borrow between $100 and $1,500 and repay the balance on your next paycheque. The cost is a flat fee of $14 per $100 borrowed, with no hidden charges and no variable interest. Applying takes minutes online, and if approved, funds arrive by e-Transfer in as little as two minutes.
Compare that to applying at a bank, where approval can take days and requires extensive documentation, or waiting on an insurance reimbursement that may take weeks and still only partially cover your costs. There's no requirement to submit medical bills, prescriptions, or insurance documents at any point in the process. You apply, get a decision, and receive your funds.
iCash only offers one loan at a time, so you’ll need to repay your current loan before you get a new one.
Our eligibility criteria are straightforward and accessible to a wide range of Canadians:
Steady income of $800 or more per month: Employment income, CPP, Employment Insurance (EI), ODSP, disability benefits, and other government income sources all qualify
An active Canadian bank account in good standing
Age of majority in your province or territory
Canadian residency
First-time applicants go through a simple one-time verification process. We don’t require perfect credit; many Canadians with less-than-ideal credit histories are approved each day.
If you receive income from CPP, EI, ODSP, or disability benefits, you can still apply; your income source doesn’t disqualify you.
The unexpected root canal: A dental emergency doesn't wait for insurance to kick in. When a cracked tooth needs same-day treatment, a medical loan covers the clinic cost so the appointment doesn't get pushed back.
A new prescription after a hospital stay: Discharge paperwork often comes with a prescription, and provincial plans don't always cover it in full. A short-term loan bridges the cost until the next paycheque arrives.
A physiotherapy deposit after an injury: Many physio clinics require payment upfront, with partial reimbursement from benefits to follow. A medical loan covers the deposit so treatment can start right away.
Replacing broken eyeglasses mid-month: Without glasses or contacts, daily life comes to a halt. When the cost can't wait two weeks, an emergency loan puts new lenses on the same day.
Complete a short application at iCash.ca. It takes only a few minutes. Provide basic personal and banking information. There are no medical documents required.
We review your application immediately and return a decision right away. No waiting on hold, no branch visits, no fax required.
If approved, funds are sent by Interac e-Transfer in as little as 2 minutes, straight to your bank account, any time of day.
We at iCash charge a flat fee of $14 per $100 borrowed. There are no surprise charges or compounding interest.
Example: Borrow $200, repay $228 on your next paycheque.
Amount Borrowed | Fee ($14 per $100) | Total Repayment |
$100 | $14 | $114 |
$300 | $42 | $342 |
$500 | $70 | $570 |
$1,000 | $140 | $1,140 |
$1,500 | $210 | $1,710 |
A medical loan from us is designed as a short-term solution for urgent gaps; it’s not a substitute for a health savings plan or long-term benefits coverage. Borrowing responsibly means using it when the cost is immediate, and you know you can repay it on schedule.
Visit this resource to learn more about how to borrow responsibly and manage short-term borrowing.
Want to see exactly what your loan will cost before you apply? Calculate your loan cost before you apply.
Since 2016, we've helped over 1.6 millions Canadians get instant loans online.
Since 2016, we've helped over 1.6 millions Canadians get instant loans online.
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