Payday Loans Vaughan

Dealing with a financial emergency in Vaughan? Get payday loans up to $1,500 with instant approval decisions and funds in your account within 2 minutes by e-Transfer!

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Customize your instant loan

Receive your money by 3:51 pm

Minimum

$100

$750

Maximum

$1,500

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2

3

Elite

New customer

Prestige

VIP

Cost summary

Cost
$85.50
Cashback
-$53.16
instant-loans
interac

Apply now and receive your money by e-Transfer at no extra cost.

Why Choose iCash for Payday Loans in Vaughan?

iCash is a trusted online lender of payday loans in Ontario for Canadians with poor credit. We have a proven track record of helping over 1 million Canadians. Our 93% approval rate and 4.8/5 app store rating demonstrate our commitment to accessible, reliable lending. It’s always a good idea to do your research and compare payday loan companies

We offer transparent pricing with no hidden fees, flexible repayment options*, and 24/7 customer support. Our automated process ensures quick decisions, while our membership program provides up to 12% cashback on borrowing costs for returning customers.

When you're ready to apply for a payday loan in Vaughan, you can trust our fully licensed, regulated service to provide the emergency cash you need quickly and responsibly.

How to Apply for a Payday Loan in Vaughan?

To apply for a payday loan in Vaughan with iCash, you simply need to follow these steps:

  • Step 1: Head to iCash.ca or download our mobile app. Our cash advance service is 100% online and available 24/7, so you can apply whenever it's convenient for you.

  • Step 2: Create your account or sign in if you're a returning customer. You'll provide some basic personal details like your name, address, and contact information. The application is straightforward and requests only information relevant to your loan approval.

  • Step 3: Choose your loan amount and review the terms. You can borrow anywhere from $100 to $1,500, depending on your income and what you need. The system will show you exactly what you'll pay back and when, with no hidden fees or surprises. This makes the online payday loan in Vaughan transparent and straightforward. Take your time to read through everything. We want you to feel completely comfortable with your decision before you sign anything.

  • Step 4: Submit your application, and you’ll get an instant approval decision. Our automated system reviews your information and provides a decision within minutes. If approved, you'll immediately receive your loan agreement via email.

  • Step 5: Once you've reviewed and signed your loan agreement electronically, funds are sent directly to you via e-Transfer, typically within 2 minutes. You'll likely get a confirmation text and email when the money arrives.

And that’s it! Applying for a short-term loan is as simple as ordering food delivery. You can do it from your couch while watching Netflix or during your lunch break at work. The entire process takes about 5-10 minutes from start to finish.

What Are the Qualifications to Get a Payday Loan?

The qualifications needed to be approved for a payday loan are pretty straightforward. Here's what you need:

You need to be at least 18 years old (19 in some provinces) with a valid ID. You also need to live in Canada and have a permanent address.

When it comes to income, you need to have made at least $800 per month for the past three months. This income can come from different sources. We accept regular jobs, government benefits like disability payments, pension money, and even self-employment income. So if you're a freelancer, drive for Uber, or get government benefits like ODSP or disability payments, you can still qualify - even if you have bad credit.

You need a Canadian bank account with online banking that allows automatic payments. This is how we send you money quickly through e-Transfer and how we collect payment when it's due. Note: KOHO accounts don't qualify because they don't allow automatic payments.

And finally, you need a working Canadian phone number and email address so we can reach you.

That's it! These requirements help us make sure you can pay back the loan while keeping the process simple for people who might not qualify for regular bank loans.

How Payday Loans Work?

Here’s how it works: A payday loan is like a cash advance on your next paycheck. It's meant to help you when you need money right away, but you don't get paid for a few days or weeks.

Let's say you make $3,000 per month and get paid in 10 days. But your car just broke down and you need $500 for repairs to get to work. A payday loan gives you that $500 today. When you get your paycheck, you pay back the $500 plus a fee.

The whole thing happens online. You fill out a simple form with your income and bank details. We review your application using computer systems that give you an answer in minutes, not days.

If you're approved, you get a digital contract that shows exactly what you'll pay back and when. Once you sign it, the money goes straight to your bank account through e-Transfer. It usually takes just a few minutes.

What makes payday loans different from other borrowing options is the speed and accessibility. While your bank might take two weeks to approve a personal loan in Canada, instant payday loan Vaughan options are designed for those "I need money today" situations that life throws at you.

Ready to get started? Get your loan today in Vaughan with iCash in just minutes!

We offer payday loan services all across Ontario, including Brantford, Windsor, London, Guelph, Mississauga, Cambridge, Hamilton, Barrie, Brampton, Burlington, Kingston, Oakville, St. Catharines, Toronto, Whitby, Kitchener, Markham, Niagara Falls, Oshawa, Ottawa, Scarborough, Sudbury, Thunder Bay and more!


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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.

Read more reviews.

How to Get a Payday Loan in Vaughan?

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.

Get up to 12% in Cashback*

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.

Earn up to 12% cashback* on the cost of borrowing when you repay your iCash loan.

Frequently asked questions

What are the main benefits of payday loans?

The biggest benefit is speed. If you're approved, you can get money in your account within minutes. It's also super convenient. You can apply from anywhere at any time without leaving your house or dealing with long bank processes.

Can I get a same-day loan with bad credit?

Absolutely. Payday loans for Canadians with bad credit focus on your current income and ability to repay rather than your credit history. As long as you meet the basic eligibility requirements, you have a strong chance of approval regardless of past credit challenges.

What are the fees and costs for payday loans in Ontario?

In Ontario, the law says lenders can only charge a maximum of $14 for every $100 you borrow. So if you borrow $300, you pay a $42 fee. If you borrow $500, the fee is $70. We show you all the costs before you sign anything. There are no hidden fees or surprise charges.

What happens if I can't repay my loan on time?

If you're having trouble paying back your loan, contact us immediately. We'll try to work with you to find a solution, like setting up a payment plan* or giving you a short extension. But remember - missing payments can lead to extra fees and might hurt your credit score. It's always better to talk to us early rather than just not pay.

Are payday loans safe and secure?

As long as you work with licensed lenders, then the answer is yes! We use bank-level 256-bit SSL encryption to protect your personal and financial information. All licensed lenders must follow strict provincial regulations and consumer protection laws.
Always verify that your lender is licensed by the Financial Services Regulatory Authority (FSRA) before applying. Our 24/7 payday loans in Vaughan service maintains the highest security.

Have more questions? Check out our full FAQ.

Get your online payday loan today

iCash has helped more than 950,000 Canadians get instant loans online without hassle. Download our mobile application today!