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Payday Loans

Easy Payday Loans

A payday loan is a short term loan that can help you cover immediate cash needs until you get your next paycheck. You can borrow up to $1,500 in Canada. Depending on the province you live in, you can repay your loan with interest in one or multiple installments*.

Easy payday loans are given out for smaller amounts and are generally more accessible than traditional bank loans. At one point in time, we’ve all probably found ourselves in a tight spot financially. While some of us can turn to our friends and family for help, many Canadians do not have that option.

That is where new payday loan companies can help by offering loans that can assist Canadians to pay for unanticipated expenses.

Regardless of your credit score, you apply and get instantly approved for an easy loan, as most lenders will let you borrow money even with a low credit score. That is because payday lenders look at different aspects, such as income to debt ratio.

Local provincial laws highly regulate modern direct lenders. They have policies in place that protect borrowers and make it safe to get an easy payday loan.

What is a payday loan?

Payday loans are designed to help you out in case of emergencies until you get your next paycheque. You can borrow up to $1,500 and pay it back in one or multiple installments*.

Payday loans are unsecured, meaning no collateral is required to be approved. Online lenders look at many factors other than credit scores to approve loan applications. Interest rates and requirements vary by lender and provincial regulations.

How Do Payday Loans Work?

Payday loans work the following way:

• Quick payday loans provide you with up to $1,500 cash up-front, which needs to be repaid from your next paycheck including the principal amount and interest charges.
• Depending on where you are located, you can apply for a loan online or through a physical payday store near you. Make sure that the lender you use is licensed and follows the provincial rules.
• The best lenders may provide you with instant approval.
• You will need to repay your loan by its due date.
• They come with a finance charge and the amount you pay back will include interest.

If you’re applying with a direct lender online, you’ll be asked to provide them with an email address. This is so that funds can be sent to you via e-Transfer once your loan application has been approved and the agreement has been signed.

If you are applying at a store in person, you will be provided with cash or check on the spot. While there still are loan stores where borrowers can go in person to apply, most of it is now done online, providing ease and flexibility to Canadians. An added plus being there is no risk leaving a physical store with cash on hand!

When applying for a quick payday loan with a direct lender, look for the following on their website:

● Fee structure and costs associated with their loans. Reputable lenders will make it easy for borrowers to understand the cost of borrowing.
● License that will ensure the lender’s credibility. This will show you that the lender is legitimate and provide you with proof that they can offer loans in your province.
● Reviews and ratings so you can learn about first-hand experience from their customers.

Payday Loan Interest Rates

Payday loan interest rates are determined by the province you live in, varying from $15 to $25 for every $100 you borrow.

According to provincial regulations, short term loan companies must apply a fixed rate on the amount borrowed.

For example, if you reside in Alberta and want to take out an emergency loan, it will cost you $15 for a $100 loan. Alternatively, the same loan will cost you $19 in Nova Scotia.

Here is a quick breakdown on what are the interest rates and fees of payday loans in Canada:

Province Maximum cost of borrowing for a $100 fast payday loan.
Alberta $15
British Columbia $15
Manitoba $17
New Brunswick $15
Nova Scotia $19
Ontario $15
Prince Edward Island $15
Saskatchewan $17

Since fast payday loans are issued for a short period, interest rates are usually expressed in a dollar amount rather than a percentage. It is also essential to keep in mind that some lenders may also charge annual interest rates or service fees.

If you happen to change your mind and want to cancel your loan, you can make do so in the grace period, also known as the cooling-off period. With us, you usually have two business days to terminate your loan agreement. The cancellation period varies by province or territory.

It is crucial that you understand and review your instant payday loan contract before agreeing to the terms. Direct, trusted lenders clearly specify the total cost of borrowing money in their loan agreement and indicate when, where and how much they will withdraw directly from your bank account.

Pros of Payday Loans

Payday loans have a significant number of advantages. Below are some of the reasons why people prefer to use them over other types of loans.

Fixed rates: Our same day loans come with a fixed fee and interest rates, so you are not surprised with added costs when you are trying to pay it back.

Easy application process: Modern lenders, like us, know you need money fast, so we do not want to slow you down during the application process. We made our requirements easy to meet.

All credit scores accepted: If your credit score is poor, or you have zero credit history, you can still be eligible for a loan for people with poor credit. Since we analyze several aspects of your application, you will not be turned down simply because your credit score does not reach a certain threshold.

Fast process and approval: With us, you can get instantly approved and receive your loan through an e-Transfer within 2 minutes.

Flexible repayment options: Depending on the province you live, you can pay back in multiple repayments*.

Multiple income sources welcome: We accept numerous income sources such as salary, government benefits like EI, child tax, disability, or a pension.

Who Uses Payday Loans?

Individuals who use small payday loans come from all walks of life but have one thing in common — they have encountered an unexpected or emergency expense and turn to payday installment loans for help.

According to the Canadian Government, people who are most likely to take out an loan till payday are:

● Aged 25-45 years.
● Belong to a low-to-moderate income household.
● Live in an urban area.
● Mostly rent their homes.

When asked why they need small payday loans, most respondents of the survey replied the following:

● To avoid late charges on bills.
● For car maintenance (i.e., tire replacement, fixing the a/c, etc.)
● Home maintenance (i.e., roof repair, plumbing, etc.)
● Medical bills (i.e., covering dental costs or medicines not covered by OHIP)

Types of Payday Loans

Not sure what type of payday loan is right for you? We know it can be overwhelming with so many different loan options to choose from.

That is why we have compiled a list of all of the safe payday loans we have to offer in the table below:

Loan Type

Who is it designed for?

Payday Loans

Individuals who need cash right away to cover an emergency, unexpected or sudden financial expense can get up to $1,500.

Online Payday Loans 

When you need access to quick cash, you should turn to an online lender. Our online application process is easy and secure.

You can get approved and funded in minutes.

One-month Payday Loans

This type of loan provides relief to Canadians who may find themselves in a shortage of cash between their next pay cheque.

This loan allows them to borrow money against their monthly income with flexible and affordable rates.

Payday Loans for Bad Credit

This ideal for those with poor credit and are looking for a short-term fix to a financial problem.

While we run a credit check, we look at many other factors to approve an application.

Weekend Payday Loans

You can quickly get a loan on Saturdays and Sundays, with a weekend loan. Our loans are available 24 hours, seven days a week.

Same Day Payday Loans

Need quick cash the same day? This loan is designed for Canadians who need access to money fast. 

Approval and funding are available via e-Transfer in just minutes.

Instant Payday Loans

When you find yourself short on cash and you need to get money instantly. Our loans are there to help you at any time.

E-Transfer Payday Loans

Need cash 24/7? Our e-Transfer loans are the best option for you. You can get funded in as little as 2 minutes via email money transfer.

Guaranteed Payday Loans

Apply for a payday loan where approval is almost guaranteed. We approve 9/10 applications.

Faxless Payday Loans

Faxless loans are the easiest way to get quick cash fast. You can apply online from your comfort of your home.

Best Payday Loans

We offer you the best loans in Canada. We have competitive rates and flexible repayment options* available for you.

Payday Advance Loans

A payday advance help you meet a short-term financial need. You can borrow a minimum of $100 to cover an unexpected expense.

Payday Loans for Those on Benefits

EI Payday Loans

Are you on employment insurance but need a loan to cover a short-term expense?

We consider your EI payments as income and offer you a loan based on that.

Disability Payday Loans

This money loan offers a solution to those who are on a disability program in Canada.

CPP Payday Loans

If you currently receive pension payments, you can qualify for a CPP loan with us.

Child Tax Payday Loans

Are you receiving child tax benefit from the government? You can apply for a child tax loan for up to $1,500.

Local Payday Loans

Payday Loans Canada

We offer payday loans in Canada for up to $1,500 with instant approval. Apply online and borrow money even with bad credit.

Alberta Payday Loans

Are you looking for a payday loan in Alberta? Get approved and funded in 2 minutes.

British Columbia Payday Loans

Designed specifically for residents of British Columbia, our payday loans offer a quick and application process with instant approval.

Manitoba Payday Loans

Residents of Manitoba are offered short term and flexible payday loans to help them overcome emergency or unexpected situations.

New Brunswick Payday Loans

Our payday loans in New Brunswick can be accessed 24 hours a day, seven days a week.

Nova Scotia Payday Loans

Getting a payday loan in Nova Scotia is easy with our online application. Funds are sent via e-Transfer in 2 minutes.

Ontario Payday Loans

Get up to $1,500 with a payday loan in Ontario. We offer the fastest online loans with instant approval in the province.

PEI Payday Loans

Residents of PEI can apply for a quick payday loan and get instant approval in just a few minutes.

How to Get Approved for a Payday Loan?

To get approved for a payday loan, you must meet the following minimum requirements:

1. Be at least 19 years of age.
2. Be a Canadian citizen or permanent resident of Alberta, British Columbian, New Brunswick, Ontario, Manitoba, Nova Scotia or Prince Edward Island.
3. Have been receiving the same source of income for the past 3 months.
4. Have a net income of at least $800/month deposited in your bank account.
5. Have a Canadian bank account that has been opened for at least three months.
6. Have a valid email address, phone number and billing address.

How to Pay Back a Payday Loan?

To repay your small payday loan, you will need to provide us with the authorization to withdraw the funds directly from your bank account on your due date, as agreed upon in your loan agreement.

In case you want to repay your loan early, you would need to contact us to check if it is possible.

Every lender will have different repayment terms, so be sure to check your loan agreement to see the payment terms and conditions. Whether it is an online company or a place to loan money, you may have a few options to pay off your debt.

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How to Get a Payday Loan Today?


Apply Online

Apply in a few simple steps and get a payday loan today. Complete the quick loan application on our website – provide some personal information about yourself, select the amount of money you need, and the loan repayment schedule*.


Instant Decision

As soon as you send us your payday loan application. You’ll receive instant approval on your loan 24/7 so you can take care of anything that life throws your way. Quick, easy, trustworthy loans from a licensed Canadian lender.


Get Fund

Your money will be sent to you via e-Transfer in 2 minutes or less. Email money transfer means that the funds from a loan till payday can be accessed anytime, day or night, 24/7. Safe, loans online with same day funding.

Minimum, maximum repayment period 62 days. Maximum APR for 62 days is 109,50%. For a $300 loan, the maximum total cost of borrowing is of $354.
Interest fees: Alberta $15 per 100, British Columbia $15 per 100, Manitoba $17 per 100, New Brunswick $15 per 100, Nova Scotia $19 per 100, Ontario $15 per 100, PEI $15 per 100.
372 Bertha Street, Hawkesbury, Ontario, K6A 2A8. iCASH only offers online services.

Payday Loans FAQs

1. How can I get a payday loan?

If you need a payday loan, you can get one by applying with an online lender like us or going in-person to a payday loan place. However, many borrowers now prefer to get a loan with us because of the ease of application and fast processing time.

2. Are payday loans safe?

Payday loans are safe as long as you are borrowing from a licensed and reputable lender. When you are researching a lender, make sure they provide you with their contact information in case you need assistance.

You should also ask them to show you a copy of their license if it is not already displayed on their website. You should also look out for reviews and customer testimonials online.

3. How much can I borrow with an e-Transfer payday loan?

Canadian residents can borrow up to $1,500. However, the actual amounts and fees vary by province and territory.

Your lender will determine the maximum amount you can get based on your application. Having applied for a loan does not guarantee you will be approved for the maximum amount available.

4. Can I get approved for a payday loan with bad credit?

Yes, you can get approved for a bad credit payday loan, even if you have poor credit. We look at several factors to approve a loan and while we do look at your credit score, it is not the deciding factor for us.

5. Can I get a payday loan with no credit check?

While there may be some online lenders who might give out payday loans with no credit check, you should be cautious as they generally ask for other forms of collateral or charge exorbitant rates.

6. Can I get a payday loan when on benefits?

It is possible to get a payday loan when you are on government benefits. Several online private lenders may accept all kind of income sources such as:

  • Income assistance
  • Insurance benefits
  • Government benefits
Provided they are received regularly and have been stable for at least a few months; lenders can count these benefits towards their income requirements.

7. Can I get a payday loan on the weekend?

Thanks to modern technology, you can get a loan during the weekend. Traditional loan places might not be open, but online payday lenders are available 24/7/365.

With online loan applications, there is no need to visit a store or a branch office; everything can be completed online with only an Internet connection and your preferred device.

8. Do payday loans improve credit score?

Payday lenders don’t report your payment history to credit bureaus and don’t appear on your credit report, so paying off your loan doesn’t boost your credit score. On the other hand, repaying long term loans such as a car or home loans may help demonstrate your financial responsibility, which will help boost your credit.

Paying off your loan on time, like any other type of credit, is essential. Even though they don’t help you build your credit directly, they can help you solve cash emergencies that may affect your rating in the future.
Borrow and Save!
Get up to 20% in Cashback!*

iCASH offers a unique Cashback program to reward its customers in Canada. You can get back up to 20% of the cost of borrowing paid once your quick payday loan is repaid and receive your Cashback direct into your bank account the same day. Real saving and real money!*

Payday Loans Can Help You When You Need Money the Most

Manage Cash Flow

If you’re living paycheck-to-paycheck, it can be hard to always line up the timing of your paycheck with your bills. Late fees, service interruptions, and other problems can all be the result of this timing issue.

Our payday advance loans give you the flexibility to pay your bills on time, manage your cash flows, pay back your loan as scheduled.

Pay for Auto Repairs

Cars always seem to break down at the worst possible time, don’t they? Most of us need our vehicle to run errands, get to work, shuttle the kids around and so on. We can’t afford to wait for days or weeks until we have enough money to get our car fully repaired, especially in the cold Canadian winters.

For sudden, unplanned auto repairs, there can be very few options. With iCASH you can pay your auto repair bills and get back on the road right away.

Pay for Home Improvements

Unplanned home improvements can often put a strain on your bank account and budget. Even if you’ve been saving up responsibly for a while, costs can change through the course of a project and you might need some extra help.

Instant loans can get the extra boost that you need to finish up that home improvement project. This is especially important in some of the more northern regions of Canada, where you have a limited time frame to complete projects that otherwise expose parts of your home to the elements – before the rough winters set in.

Replace Broken Appliances

Like cars, appliances seem to break down at the worst times. And they need to be replaced as repairs typically can cost more than a new replacement appliance unit.

If you have an unexpected expense to repair or replace a broken appliance, an instant payday loan may be the perfect solution. We understand life and we can help you get a loan when you need it.

Deal with Family Emergencies

When family emergencies strike, especially with extended family who live far away, costs can quickly spiral out of control. Between airfare, lodging, lost wages, etc., unexpected expenses can be financially challenging as well.

We know that when it happens, you need to be focused on your family, your health and your loved one’s health and welfare. The last thing you need to be worried about is your finances.

Easy loans can be just what you need to cover these unforeseen costs and focus on helping out your family as they go through a difficult time.

Safe Payday Loans

Get an easy, safe and fast loan


Complete the secure instant loan application in minutes. No paperwork is required. Be instantly approved and receive an e-Transfer within 2 minutes after electronically signing your contract. Even on weekends and Holidays!


Apply from the comfort of your home. No more faxing documents or waiting in line. The online loan application process is flexible and convenient.


Simply fill an easy application and you can be approved instantly for your money. Get the repayment schedule that suits your needs with 1 or multiple installments*.


We will add a five days grace period before starting to repay your loan on your next payday. You will have a few extra days to pay us back with no extra free.


As a licensed lender, we are fully compliant with provincial laws and regulations. Our transparent lending process means no hidden fees and no surprises.


We give you the option to repay your quick loan in one or multiple payments* while paying the same interest fee!

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