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Whether you live in Edmonton or anywhere else in the province of Alberta, there’s one thing that everyone has likely experienced at one time or another. Financial hardship.
Maybe your car breaks down in the middle of an Edmonton winter, or your grocery bill was far more expensive than usual. Either way, financial stress can feel overwhelming. You're not alone though. Thousands of Canadians face these situations every year.
Payday loans in Edmonton might be the solution you’re looking for, provided you use it responsibly and work with a legitimate, licensed lender!
iCash understands that life doesn't wait for your payday, and we're here to help you with our fully online application process that gets funds into your account fast.
There are a plethora of payday loan lenders in Edmonton to choose from. But with so many options available, how do you know which lender has your best interests at heart?
We’re proud to say that we’ve built its reputation on transparency, speed, and genuine customer support, helping over 1 million Canadians access emergency funds when they need them most.
Why Edmontonians Choose iCash:
One of the main reasons people choose us is for our fully online process. No trips across the city to a storefront, no awkward conversations about your finances, and no stacks of paperwork to fill out.
Apply from your couch, while you’re in line at Tim Hortons grabbing a double-double, or during your lunch break, wherever you have internet access. With 24/7 approval capabilities and instant e-Transfer funding in 2 minutes, you can apply at your convenience.
We accept all types of income, including employment income, AISH benefits, CPP, EI, and self-employment earnings. With a 93% approval rate and no hidden fees, you'll know exactly what you're agreeing to before you sign.
Customer Trust & Social Proof:
The numbers speak for themselves. We maintain a
4.7 out of 5 rating on Trustpilot from over 2,900 reviews
4.5 out of 5 on Google from 6,000 reviews
4.8 out of 5 on the Apple app store from over 22,000 reviews
4.8 out of 5 on the Google Play store from over 34,000 reviews
Our customer support team is always available to help. Whether you have questions about your application, need help with repayment, or want to discuss your options, we're just a quick message away.
Under Alberta's Consumer Protection Act, a payday loan is a short-term loan designed to help borrowers cover immediate expenses until their next payday. These loans typically range from $100 to $1,500 and are meant to be repaid within 62 days in Alberta.
Usually, a loan from a bank would require extensive credit checks and lengthy approval processes. But with payday loans, it’s far easier to get approved because the approval process focuses on your current income and ability to repay.
The key features that set payday loans apart from other borrowing options are things like fast approval times, minimal documentation requirements, and accessibility for those with poor credit histories (or no credit history at all). Payday lenders in Edmonton don’t require collateral or security deposits either.
In Alberta, the legal maximum fee for a payday loan is $14 per $100 borrowed. For example, a loan of $100 for 62 days has an APR of 82.82%. This means if you borrow $500, your total fee would be $70, and you'd repay $570.
While this may seem higher than traditional lending options, it reflects the convenience, speed, and accessibility that payday loans provide to Edmontonians who may not qualify for bank loans.
Getting approved for a payday loan in Edmonton is simpler than you might think. You don't need perfect credit, a co-signer, or collateral. Here are the 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.
Applying for a payday loan with iCash takes just minutes. First, visit our website or download our iOS or Android app. Select your desired loan amount (up to $1,500) and choose your repayment plan* (conditions apply).
You’ll only need to prove some basic information. In total, it’ll likely only take about 10 minutes for you to fill out the application. After you hit submit, our system will verify your account and banking information instantly. You won’t need to wait long to find out if you’re approved or not.
Before you electronically sign, take a moment to review the contract. Once you sign it, your funds will be sent directly to you by Interac e-Transfer. We process payments 24/7, 365 days a year, even on weekends and holidays.
Bad credit is one of the primary reasons people turn to payday loans, and there's no shame in that. Traditional banks often reject loan applications based solely on credit scores, leaving many hardworking Edmontonians without options when emergencies strike.
We believe that’s unfair, and that a Canadian shouldn’t be defined simply by their credit score, because we know it doesn’t paint the full picture.
We don't focus on your past financial mistakes. While we do perform a credit check, it’s mostly for verification purposes. More than anything else, we look at your current income (multiple sources accepted) and banking history. What matters most is whether you have a steady income source right now and the ability to repay the loan when it comes due.
Trust isn't just about being licensed and regulated (though we certainly are). It's about consistently delivering on our promises and treating customers with respect during what's often a stressful time. We’ve spent years building relationships with Albertans by putting their needs first.
Benefits of Choosing iCash:
Speed matters when you're facing an emergency. Our entire process, from application to funding, can be completed in under 10 minutes. No appointments, no waiting in line, no awkward conversations with store clerks about your financial situation. Just an honest, online process that respects both your time and privacy.
We also offer up to seven repayment installments in Alberta (terms may apply). This means you can spread out your repayment, making it more manageable to fit into your budget. Plus, if you get paid early or receive unexpected funds, you’re allowed to repay your loan early with no penalties. Just get in touch with us, and we’ll help you through the process.
While payday loans solve immediate problems, responsible borrowing is extremely important. The number one rule you need to remember: only borrow what you know you can pay back. It might be tempting to take the maximum amount available, but if you only need $300 to cover your car repair, borrowing $1,000 just creates unnecessary debt.
Keep careful track of your repayment date. Set reminders on your phone or mark your calendar so you're never caught off guard. At iCash, we provide clear repayment schedules, but staying on top of your obligations is ultimately your responsibility.
While there are no rules regarding how you spend the money from your payday loan, it’s worth favouring genuine emergencies over unnecessary spending. Entertainment, vacations or hobbies, for example, are things you can live without (at least temporarily). A broken water heater in Edmonton's winter, unexpected medical expenses, or necessary car repairs to get to work are the types of emergency costs that payday loans can address effectively.
For additional guidance on responsible borrowing and money management, the Financial Consumer Agency of Canada (FCAC) offers excellent free resources at canada.ca/en/financial-consumer-agency. These tools can help you build stronger financial habits over time.
iCash proudly serves payday loan customers throughout Alberta, including:
Airdrie residents can apply for a money loan with instant approval. No paperwork or faxing is required. | |
If you need fast cash in Fort McMurray, you can apply for a loan and borrow up to $1,500 to cover your bills. | |
Getting a short-term loan in Calgary is simple. We provide payday loans for up to $1,500, even for Canadians with bad credit. | |
Medicine Hat residents can be approved for a short-term payday loan within minutes by filling out our simple application. | |
Get $100 - $1,500 via Interac e-Transfer in minutes in Red Deer with iCash's fast online application process. | |
Are you looking for fast cash in St. Albert? Instantly borrow money online. We accept CPP, AISH, and all income types. | |
We offer payday loans in Wood Buffalo for all types of credit. Even if your credit is bad, it's not a problem. | |
If you need to borrow money in Lethbridge you can apply for fast cash with instant approval 24/7. |
Whether you're in the heart of Edmonton or a surrounding community, our online application process means you have access to fast payday loans no matter where you live in Alberta.
Behind each review is an experience that matters
Since 2016, we've helped over half a million Canadians get instant loans online.
Since 2016 we have happily served over half a million customers.
Read more reviews.
Getting an online loan with us is fast and easy. Simply select your loan amount, repayment plan* and provide some personal details.
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!
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.
Earn money every time you borrow with iCash! Our unique cashback program is designed to reward you for being a loyal customer and can help you save on future loan payments. After successfully paying off your first online loan, you'll receive 4% of the cost of borrowing credited to your account. You can earn up to 12% depending on how many iCash loans you have repaid.
Have more questions? Check out our full FAQ.
