How much would you like to borrow?


How many repayments?

Where do you live?

Lender licences
Get my loan
+ 300 000
members since 2014
of approved applications
4.9out of5
customers would recommend us to their friends

Customer Rating

Payday Loans for Up to $1,500

Payday loans are short-term loans that you can use to cover emergency expenses until you get your next paycheck. They are accessible lending products most people can use and reimburse without any problems.

The idea behind this type of loan is to mimic getting a cash advance on your paycheck. But instead of asking your employer for money, you turn to a payday lender in Canada.

You can adjust the amount and the payments* to your situation. In some cases, a cash advance on your salary may not be possible. If you also can't ask your family or friends to help you, a quick loan is the only option.

The advantages of a payday loan go even further due to the way private lenders work. Traditional lending institutions have strict requirements and a complex application process, and when you are facing an emergency, there's not enough time for that. Instead, a private lender has more straightforward and fast procedures, meaning you can receive the money and handle your urgent payments sooner than you may expect.

Many Canadians have been choosing fast payday loans over the last years. Instant cash loans are quite different from traditional ones, like mortgage or student loans, because their terms and conditions are distinct. Lenders simplified the requirements and the entire borrowing process to offer an efficient and accessible loan you can use whenever you need.

Payday loans can provide you with up to $1,500 to use for whatever emergency has affected your budget. With reasonable terms and flexible requirements, they are the go-to solution for many Canadians when the unexpected happens. When you cannot postpone particular expenses and have no other means of getting the money, an unsecured personal loan can get you out of trouble.

You will find that payday loan companies assess your situation in a different way than traditional lenders. Even with bad credit or income that doesn't necessarily come from a salary, you can still qualify for express loans.

The explanation lies in the different risk assessment strategies. Instead of focusing on the credit score or the financial background, direct lenders pay more importance to the income to debt ratio. That means that if you currently have the financial strength to make the payments, your score won't prevent you from being approved.

Not only are quick payday loans a fast way of accessing money, but the entire process is also completely safe. According to strict regulations, reputable cash lenders function within the rules; government and local authorities impose laws and policies to ensure the loans are fair and safe.

How Do Payday Loans Work?

Payday loans work like any other type of loan, meaning you get a specific lump sum, and you must pay back the amount borrowed, along with interest, by the deadline in your loan contract.

You can borrow up to $1,500, faster than with other lending products, and the repayment terms are also flexible. Initially, you could pay the loan from your next paycheck. Now you can make multiple payments* in the provinces where the law allows it.

Depending on where you live, you have two options for applying for a payday loan. You can take the more traditional path and go to a payday loan store near you, or you can opt for an online lender and handle everything without having to leave your home.

Regardless of what option you prefer, it's essential to do a bit of research to find the best lender available in your province. A quick search will show you if you are dealing with a legit company. Look for the certifications and licenses that prove the lender can legally operate in your area.

One of the main advantages of these small loans is the speed of the process. If you choose an online lender, you get an even faster path to having the money in your hand. Instant approval is one of the main reasons why so many Canadians opt for this type of loan. Knowing right away if your loan is approved is essential, especially in urgent situations.

As for accessing the money, the method depends on what type of lender you turn to. If you apply in person, you will receive either cash or a check on the spot if it's a loan store. With an online lender, things are even easier. Once the loan is approved, they can electronically send you the money in just a few minutes. Many people prefer this option for the speed of the process and safety reasons; they don't have to leave the loan store with cash on hand.

Like other borrowing options, payday loans come with a due date, meaning the principal amount and the interest charges must be paid in full. Since these loans don't require collateral, the interest rate may be slightly higher but still calculated to be as affordable as possible.

All the fees and costs involved in the process must be available on the lender's website or when you inquire in person. That's the best way to be sure you are choosing the right direct lender. Still, you can also check for reviews online and see what previous clients have to say about the company you are interested in.

Types of Payday Loans

The main goal of lenders providing payday loans is to make them accessible to as many people as possible. With that in mind, they developed many versions of these quick loans, each with particular conditions and targeting a specific client category.

Below, we will show you all the types of payday loans to get an idea of the available options. While they may seem similar at first glance, you will find one of them is especially suitable for your particular situation.

You can also get a quick look at the payday loans available here.

Types of Payday Loans

Online Payday Loans

When you need access to quick cash, you should apply for online payday loans. Our online application process is easy and secure.

One-month Payday Loans

This loan allows you to borrow money against your monthly income with flexible and affordable rates.

Payday Loans for Bad Credit

This payday loan is ideal for those with poor credit and are looking for a short-term fix to a financial problem.
While we check your credit report, we look at many factors to approve an application.

Weekend Payday Loans

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

Same Day Payday Loans

Need money fast? You can apply for a payday loan with same day funding. Get your miney via email money transfer within minutes.

Instant Payday Loans

When you find yourself short of money and need instant approval loans, we can help. You can borrow up to $1,500 anytime.

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.

Guaranteed Payday Loans

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

Faxless Payday Loans

There is no need to fax your loan application. We offer a paperless process, making it easy for you to access the money you need fast.

Best Payday Loans

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

Cash advance loans

Get up to $1500 with a payday advance to cover unexpected expenses.

Payday Loans with No Credit Check

While some online lenders might give out payday loans without running a credit check, you should be cautious as they generally ask for other forms of collateral or charge exorbitant rates.  

Payday Loan Interest Rates

Fortunately, payday loan interest rates are reasonable, especially if you choose the right lender. Indeed, they must obey local regulations. Provincial regulations are the lending process safety; they also impose a fixed rate on the amount borrowed. Depending on the province you live in, the interest rates can vary from $15 to $25 for every $100 you borrow.

Suppose you live in Alberta and find yourself in need of an urgent loan. In that case, a money lender can offer you an interest rate of $15 for every $100 you need. On the other hand, the same loan accessed in Nova Scotia will have an interest rate of $17 for $100 borrowed.

Knowing the interest rates of the loan you are planning to take is essential to budget your expenses for the following period correctly. You must consider all aspects and decide how much you can afford to pay while still covering the basic monthly expenses.

Here is a breakdown of the fees and interest rates that payday loans come with to help you estimate your future costs.

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

As you can see, the interest rate is expressed in a dollar amount, not a percentage, as it happens with traditional loans. It's easier this way, considering these loans are issued for a short period. It's also less confusing; you know precisely how much you will have to repay.

Depending on the lender, you may also have to deal with annual interest rates or service fees, so make sure you request all this information upfront before deciding.

The cooling-off period is when the lenders grant you to change your mind and cancel your loan. At iCASH, we provide you with two business days during which you can terminate the loan agreement if you don't need it any longer. But, as it happens with interest rates and other aspects connected to the loan, the grace period may differ depending on the province.

All these are essential elements of the payday loan experience, and it's vital to get full information on them from the start. A trusted lender will offer you all the data before signing the loan contract. Before agreeing to the terms, you must know what the cost of borrowing will be.

Pros of Payday Loans

Payday loans come with several advantages that make them the best option for many Canadians. Weighing the facts before signing for a loan is essential. And to help you decide if payday loans are the lending product you are looking for, here are the main positive aspects they offer:

Fixed rates are an important element when it comes to deciding how safe and affordable a loan is. The instant loans we provide follow the regulations to have a fixed fee and interest rate. You will have no unpleasant surprises once you have received the funds and start paying them back; no added costs will alter your balance.

The easy application process is one of our clients' favorite aspects. We understand the need for urgent funding; the last thing you need in an emergency is to wait for days to determine if you are approved. And with today's technology, we can speed up the process to the point when you receive our answer on the spot. This is one of the main advantages of online loans; the requirements are reasonable, and filling in the application only takes about ten minutes.

All credit scores are accepted. This is an advantage you may not expect, but poor credit or the lack of any credit history are no longer issues if you access a bad credit loan from a trusted lender. We don't rely on the credit report when assessing your financial situation, so you can still easily qualify. Your application will provide us with other significant aspects regarding your ability to pay back the loan, so we don't require a particular credit score threshold to be eligible.

Fast process and approval are possible due to our modern and updated system, which analyzes your application and issues an answer instantly. It's not just the approval process that's extremely fast and efficient; you can also access the money in no time. You can receive your funds through e-Transfer in only a few minutes.

Flexible repayment options are another significant benefit offered by private lenders, especially if you choose an online loan. As long as the regulations in your province allow it, you can repay the loan in multiple installments*.

Multiple income sources are accepted for payday loans. At iCASH, we know financial struggles happen to anyone, maybe even more so when you cannot count on a salary. But that doesn't mean you cannot handle a loan. Even if you live on benefits, childcare, or a pension, you can still qualify for our express loans.

Who Uses Payday Loans?

Payday loans are a popular option for Canadians who need urgent funding when the next paycheck is still too far to count on. Our clients come from different walks of life, but they all have one thing in common: they face an unexpected situation that requires urgent expenses they cannot postpone.

People use payday loans when they find themselves wishing they had created an emergency fund. Most of us plan to do that, but it doesn't always happen. They also choose this borrowing option when family or friends cannot help either. Anyone can turn to a same day loan when they need a plan B to cover the urgent costs in a manageable way.

To get an idea of who is more likely to opt for a payday loan, let's look at what the Canadian Government's statistics say. According to it, the portrait of the usual quick loan's client has the following features:

• They are aged 25-45 years old
• They belong to a low-to-moderate income household
• They live in an urban area
• They mostly rent their homes

As for the reasons that led them to inquire about payday loans, these are the most frequent situations:

• They have due bills and want to avoid overcharges (which is smart because those charges will affect their credit score)
• They need to handle car maintenance issues, like replacing the tires or conducting minor repairs
• They are facing home maintenance issues, like a leaking pipe or roof damage
• Medical bills that aren't covered by the health insurance

These are all common occurrences that can happen in any household. Not to mention, they tend to come up when you are far from financially prepared. That's why many people use payday loans as a preferable alternative to requesting a cash advance on their salary. We say 'preferable' because this way, more aspects can be under your control.

How to Get Approved for a Payday Loan?

There are a few requirements you must meet to be eligible for a payday loan. As mentioned above, private lenders have much more flexible conditions, and they even look past poor credit when assessing your situation.

To be approved for a payday loan:

• You must be at least 19 years old
• You must be a Canadian citizen or a permanent resident of one of the following provinces: Alberta, British Columbia, New Brunswick, Ontario, Manitoba, Nova Scotia, or Prince Edward Island
• You need a steady source of income for the previous three months
• Your net income must be at least $800, and it has to be deposited in your bank account
• You need a Canadian bank account opened at least three months before
• You must have a valid email address, phone number, and billing address

You need to prove that you physically live in Canada, have valid contact information, and receive an income that allows you to reimburse the loan.

How to Pay Back a Payday Loan?

At iCASH, to pay back your payday loan, you need to provide us with the authorization to withdraw the funds directly from your bank account. That way, on each due date set in the loan agreement, we will draw the principal and interest rate specified in the contract. It's a simple and safe option for both parties involved.

We handle everything online, from the application to approval and reimbursement; we feel it's the fastest and most comfortable way. In case you want to pay in advance and close the loan faster, it can be possible. But you need to let us know in advance to check the details.

The refunding method needs to be clear before signing the loan. It depends on the lender you choose and on whether or not they operate online. The terms and conditions vary from one private lender to another, so you must read everything carefully to know what to expect. Even if you aren't dealing with an direct lender, you can still have options for paying off your debt. So, make sure you carefully go over the terms and conditions.

Get a Payday Loan Today!

Smart Phone


Get up to $1,500!
Try our mobile application!

Sign up with our free app and access your account anywhere.

4.6 / 5 STARS
2759 Rating
4.8 / 5 STARS
5.4K Rating

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.

Maximum repayment period 62 days. APR is 109.50%. On a $500 loan of 14 days, the total cost of borrowing is $75, with a total payback amount of $575 and an APR of 391.07%. Interest fees: Alberta $15 per 100, British Columbia $15 per 100, Manitoba $17 per 100, New Brunswick $15 per 100, Nova Scotia $17 per 100, Ontario $15 per 100, PEI $15 per 100. 372 Bertha Street, Hawkesbury, Ontario, K6A 2A8. iCASH only offers online services. Please note that we cannot accept customers or conduct any transactions from this location.

Payday Loans FAQs

How can I get a payday loan?

You can get a payday loan from a private lender. It can be a traditional loan store or an online lender; either way, you will probably find several available in your area if you do a quick online search.

To get a payday loan, you must submit your application and wait for the lender's response. With loan stores, that means going there in person within working hours to apply and then wait for your request to be analyzed. If you opt for an online lender like iCASH, you can apply from home, and we will have an instant decision for you.

Are payday loans safe?

Payday loans are safe as long as you deal with a serious and reputable lender. You need a private lender that meets all the requirements to lend money in your province.

This is one of the primary aspects you need to check during your initial research. Choose a lender that offers complete transparency regarding the terms and conditions, licenses, reviews, but also their contact information in case you need assistance.

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

You can borrow up to $1,500 if you are a Canadian resident. But that's the maximum amount; the exact value is calculated for each application in particular. The amounts and fees may vary depending on the province and territory.

Your lender will determine the maximum amount you can receive based on the information you provide in the loan application.

You may be approved for an amount smaller than the one you wanted. That's not necessarily a bad thing, as you wouldn't want to access a loan you cannot pay. To estimate the amount the right amount for you, use our payday loan budget calculator.

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

You can get approved for a payday loan with bad credit because private lenders don't consider it crucial. Unlike banks and traditional financial institutions, lenders like iCASH use different assessment criteria.

We still check your credit, but only as part of our verification process. It won't play any role in our analysis. Instead, we are interested in your current income and whether you have the financial stability necessary to pay back the loan without any issues.

Do payday loans improve credit score?

Payday loans don't directly improve your credit scores because payday lenders don't report your payment history to credit bureaus. If your credit concerns you, you probably know borrowing money and successfully paying it back, without any delays, is the way to boost your credit score. That happens when you reimburse long-term loans, like those you have taken for a car or your home.

Even so, payday loans still are important. They may not influence your credit report directly, but indirect measures count too. For example, you can take a payday loan to pay off a credit card that got out of hand; that payment will be reported, which will help your credit score. Also, since payday loans usually cover urgent expenses, they prevent you from accumulating debt.

Can I get a payday loan on the weekend?

You can get a payday loan on the weekend, thanks to modern technology and the lending process's digitalization. While traditional loan places use regular working hours, online lenders are always available.

iCASH services are accessible 24/7, even during weekends and holidays. That's the advantage of applying online; you can do it anywhere but also at any hour of day or night. As long as you have a good internet connection, you can apply from your mobile device and get a payday loan anytime an emergency occurs.
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 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 borrow money with bad credit and, 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.

Payday 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. 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 payday 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.

Find out what our customers think about iCASH!

"Lindsay from Alberta"
"Ryan from Alberta"
"Shaysta from Ontario"
"Terry from Ontario"
"Candace from Nova Scotia"
"Pertige from BC"
"Sami from Ontario"
"Teri from New Brunswick"
"John from New Brunswick"
"Erika from Alberta"
"Stephen from Alberta"
"Chelsea from Ontario"
"Scott from Alberta"
"Lynda from Ottawa"
"Kenton from Alberta"
"Catalina from BC"
"Chris from Alberta"
"Jasmine from BC"
"Christa from Alberta"
"Melissa from Ontario"
"Heather from Alberta"
iCASH logo Traditional Payday Lenders Lenders with brokerage fee
Flexible repayment plans*      
Offers cashback program for more savings*      
Free membership benefits      
No hidden charges   
E-transfer in the next 5 minutes      
Get a loan now