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Small Loans

Get a Small Personal Loan of Up To $1,500

There are now more Canadians applying for small loans than ever before and the number of people taking out small personal loans is continuing to skyrocket, without any signs of slowing down.

There are many reasons why Canadians need to borrow money, such as unplanned expenses, short-term cash-flow issues, medical bills that may not be covered by Canada's publicly funded health care system, home repairs, car maintenance, or even paying for home utilities such as heating and electric bills.

Looking back, even just ten years ago, Canadians applied for small loans at a bank and other ‘brick and mortar’ financial institutions. These types of companies would usually ask to see people in person before approving any type of loan application. In almost all most cases, the funds would never be available the same day, and the applicant would be asked to bring lots of paperwork that would often prolong the process of getting a loan approved.

Online private lenders make it easy and convenient for people to get access to the funds they need, without having to visit a bank branch in person or provide any supporting documentation. You can apply from your home or office on the iCASH website or via the iCASH Small Loan App.

Upon being approved for a small loan online, the money will be released 24/7, so anytime you need extra funds whether it is day or night, the entire process, from the moment you start your loan application to having the money in your hands, can take as little as one hour.

Sometimes, you need a lending hand to help you get things back on track. As a trusted small loan lender, iCASH has already helped thousands of Canadians meet their short-term financial obligations. We don’t require any paperwork and can get you instant approval while payouts happen in most cases in under an hour. In fact, we would go so far as to say; we offer one of the quickest small cash loan payout services in Canada.

We know that when you need a quick online loan, you want to be able to get the money on the same day.

Borrowing money in Canada has evolved, and with iCASH, a direct private lender, small loans are now more accessible than ever before.

Prior to the availability of online loans, when Canadians needed small cash loans, they would need to go to a "payday loan store" to complete an application, provide paperwork, bring a bank statement with them, proof of income, discuss their needs with a “loan officer” and hope that they will be approved.

For the majority of Canadian, applying for a small loan online is safe, fast, and extremely more convenient.

Small Loans for Bad Credit

Looking for a company that will approve small loans for bad credit? At iCASH, we understand that just because your credit history isn’t perfect, it doesn’t always mean you are unable to qualify for bad credit loans. Unlike many banks and other lending institutions, we don’t use your credit score as a determining factor for getting you approved.

While we do perform a credit check when you apply for a small personal loan for bad credit, your credit score alone will not be the only data point that we look at. The reason why we can provide online payday loans with instant approval is due to our in-house software application.

The most important factor that we consider when we look at an instant online loan application is your income and whether or not you have the financial means to repay back your loan which is why it’s easier than ever to qualify for small unsecured loans.

You can borrow any amount from $100 - $1,500 and choose from multiple repayment options*. We offer highly competitive rates, bilingual Customer Experience Agents that are located in Canada and talk your language.

Need a Small Loan for Bad Credit?

  • ✔ 9/10 small loans are approved. Bad credit accepted
  • ✔ Get Up To $1,500. Fast e-Transfer in 5 Minutes‎‎
  • ✔ Instant loans approval. Apply Now!
  • ✔ Unsecured small loans for bad credit available
  • ✔ Pay back your loan over 1 or multiple repayments*
  • ✔ Quick and easy online application with no paperwork
  • ✔ Safe instant loans from a trusted lender
  • ✔ We are always open. Get a quick loan online 24/7.
  • ✔ Low rates and we don’t require any collateral.
  • ✔ Fast, easy, reliable short-term loans
  • ✔ Smart payday loans alternative

How do you get a small loan for bad credit? Apply and complete your application online. Provide basic information about yourself, select the amount you like to borrow and the repayment schedule*. iCASH can get you instantly approved you and get the money in your hands.

Traditional lenders can often charge higher rates on small unsecured personal loans. The reason for this is that bad credit customers can present a higher risk.

At iCASH, that’s not how we operate. Whether you borrow $100 or $1,500, all of our interest rates are fixed. If you’re approved for an emergency loan, you’re rates are fixed, regardless of your personal credit history, income, or other factors. The latest rates can always be found on our website, expressed as a dollar amount per $100 borrowed. This rate varies based on provincial laws throughout Canada.

Of course, there is a chance that your small money loan can still be declined, when an applicant may not be able to meet all of our qualification requirements. This would normally only happen when there is not enough income to cover the amount of money that the borrower asked for within the loan application.

Small Personal Loans

To get a small personal loan does not require any collateral (also referred to as unsecured personal loan), and is applied for, approved and funded all online.

If approved, you can then proceed to sign a loan agreement which details your responsibilities for repaying the loan, when the repayment is due, and so on. You’ll receive the cash proceeds from the loan within 5 minutes via e-transfer. Then, you can repay an express loan with interest, typically from your next paycheck or next several paychecks, depending on the details specified by the lender and loan agreement.

Traditional, small personal loan stores offer somewhat different levels of service than online payday lenders, and naturally, the way the loans work is also somewhat different.

Under Canadian law, when you get a cash advance loan, it is limited to $1,500 and you can only have one loan with any particular lender at any one time. There are no restrictions on how the proceeds can be used.

In terms of interest, rates are usually expressed across the term of the loan, as a dollar amount per amount borrowed, rather than in APR percentage terms. This is because small credit loans have short durations, and an annual percentage rate can be extremely confusing.

In Canada, the provinces themselves regulate payday loans, and license private lenders which operate within the province. Small personal loans lenders should clearly display their licenses information so that consumers know they are properly allowed to lend to consumers.

The steps to get small personal loans are:

  • 1. Find a small personal loans lender.
  • 2. Review the eligibility criteria to ensure you can qualify for a loan.
  • 3. Apply for a personal loan online.
  • 4. Get instantly approved.
  • 5. Review and sign the small personal loan agreement.
  • 6. Get the funds sent to you via e-transfer.
  • 7. Repay your unsecured personal loan with interest by the agreed-upon repayment date.

With regard to #3 above, the application process itself can vary a lot from lender to lender. Online lenders that offer quick loans, provide a streamlined, easy, fast application processes that only take a few minutes to complete. Traditional brick-and-mortar payday loan lenders may require physical paperwork and forms to be filled out.

In terms of receiving the funds from online loans in Canada, that, too, varies from lender to lender. Some provide electronic transfers or direct deposits into the bank account whose information you provide during the application. Others may issue cash or paper checks. Still, others provide pre-paid debit cards with the loan funds.

Lastly, when it comes to repayment of your small personal loan, the details likewise vary. Some personal loan lenders require a single, lump-sum repayment on an agreed-upon date, usually the date of your next direct deposit paycheck. Others may offer a flexible repayments* schedule. Still, others can accommodate income sources that aren’t as frequent as a paycheck, such as monthly government benefits. Certain lenders may charge you a penalty if you repay before your due date, whereas others do not. The exact repayment plan*, requirements, and details are therefore important for customers to review before they agree to any terms that same day loan lenders present to them. It’s important to have clarity and transparency as to what is expected of you to satisfactorily repay back your small personal loan.

Borrow and Save!
Get up to 20% in Cashback!*

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

Smart Phone

Get up to $1,500!

Try our mobile application!

Sign up with our free mobile loan app and access your account anywhere, 24/7.

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How to Get Small Loans?

Fill Out the Application

Borrow Money Online

Use our easy small loans application to select your amount you need, multiple repayment options*, and your basic personal information. In most cases, it takes less than 10 minutes to apply for a loan online.


Instant Decision

iCASH utilizes artificial intelligence to provide instant approvals on small loans to all Canadians who apply online. Once approved, sign your loan agreement electronically, and get your money fast.


Get Fund

We’ll send your money 24/7 via e-transfer in 5 minutes‎‎ or less. We are open every day of the year, so regardless of the time of day or night, you can get a small personal loan.

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.
+ 200 000
members since 2014
of approved applications
4.9out of5
customers would recommend us to their friends

Customer Rating
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          
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Small Personal Loans

Small Personal Loans in Canada

If you're a resident of Canada, your small personal loan application is processed in real-time and we do not need you to come into an office to drop off documents or sign any paperwork. We cut out the red-tape: no faxing, no mailing, no in-person signing. The internet makes small loans so much easier to apply and get approved for.

Small Loans for Bad Credit

While we do look at your credit score, when you apply for small loans for bad credit, there is so much more to you than the number in your credit bureau file! The iCASH team understands that. We’re focused on working with you to get your entire profile and most importantly, your capacity to repay back the loan, and not so much your past.

Best Small Personal Loans in Canada

Canadians who apply for small personal loans, have our commitment to act responsibly and ethically. There are no hidden fees and the loan details are all explained in clear, understandable terms. Our team is available to answer any and all questions, 7 days a week.

Instant Small Personal Loans in Canada

In the majority of cases, our sophisticated decision-making system allows you to receive an instant decision on your small loan in Canada. For the majority of applicants, the funds from your instant loan will be available on the same day.

In all cases, iCASH offers a range of flexible small personal loans. You can borrow up to $1500, and approvals are instant.

Small Safe Loans Online

iCASH has invested in the latest 256-bit encryption technology to make sure that when you apply for a small loan online, your application and all your data is 100% safe. We have established the highest principles and standards that are in line with the industry’s codes of ethics. We are making sure that everyone in Canada has access to safe, smart and simple solutions when they need instant payday loans.

Applying for a small loan online with iCASH will give you an instant decision, a same-day payout service, and easy repayments to suit your individual situation.

We offer competitive rates and approve 9/10 applications that are made on our site.

Find out what our customers think about iCASH!

"Lindsay from Alberta"
"Ryan from Alberta"
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"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"
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"Catalina from BC"
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Read our customers stories

How can I get a small loan fast?

Getting a small loan online is easy because the entire loan process is automated. You can get an unsecured small personal loan:

    1. Search for a licensed small loan lender online
    2. Apply on the private lender’s website
    3. Get instant approval
    4. Sign your loan documents electronically
    5. Get the funds from your small loan via e-Transfer
    6. Repay the loan on the agreed upon dates.

How can I get a small personal loan?

The requirements to get a small loan are:

    1. Must be 19 years or older
    2. Must have a home address, email address, and a working phone number
    3. Access to online banking with a Canadian Bank, and have had the account for at least 3 months
    4. Minimum net income of $800 per month
    5. In receipt of the same source of income for a minimum of 3 months
    6. Be a Canadian Citizen and a resident of either Alberta, British Columbia, New Brunswick, Ontario, Manitoba, Nova Scotia or Prince Edward Island.

Where can I get a small personal loan?

You can get approved for a small personal loan with bad credit by looking at the following options:

    1. Start searching online for small personal loans
    2. Licensed small loan lenders
    3. Payday loan stores in your area
    4. Unsecured loans from private lenders
    5. Avoid credit cards due to the long repayment periods and expensive interest payments
    6. Get a cash advanced
    7. Instant online payday loans
    8. Credit unions (may take some time to get approved)

The main reason that so many Canadians go to iCASH for a small personal loan is because we are faster and easier to work with than a traditional payday loan store. With instant approvals and money paid out via e-transfer (even on a weekend or holiday), getting a cash loan online is a great way to get access to the funds you need when unexpected situations arise.

Where can I get a small loan with bad credit?

You can get approved for a small personal loan with bad credit by looking at the following options:

    1. Private money lenders online.
    2. Online payday loan providers
    3. Credit unions
    4. Payday loan stores
    5. Cash advance locations
    6. Pawn shop stores
    7. Try asking a good friend or very close family member
    8. Sell items around the home

If your credit isn’t perfect, then your choice of lenders will be limited. Thankfully, bad credit score no longer means that you have to deal with poor quality loan providers or payday loan stores. Instead, there are many trusted providers of small loans for bad credit to choose from; many of which are loved and trusted by thousands of Canadians who use the service time and time again.

If you want to get a bad credit loan, there are lots of options to choose from. Sub-prime credit lenders that offer small personal loans, payday loans, cash advance loans, and installment loans are usually a good place to start because they may not use your credit score as the sole determining factor for your approval.

How hard is it to get a small personal loan?

Regardless of your credit score, as long as you can afford to repay the loan over 1, 2, or 3 payments, and you meet our basic application criteria, then getting a small personal loan is quick and easy. It can all be taken care of online from the convince of your home or office.

    1. Start by clicking the “Get My Loan” on the website
    2. Complete a small personal loan application online or on our app
    3. Answer all questions honestly and provide detailed information about your income, banking account information, current home address, your employer, mobile phone number, email address for approval notification.
    4. Submit your loan application with no documents required
    5. Get approved almost instantaneously for up to $1,500.
    6. Sign your loan agreement online
    7. Get the money sent to you via e-Transfer within 5 minutes
    8. Repay your loan on the previously agreed amounts and dates

Are small loans bad for credit?

Small loans are not bad for credit as long as you make your repayments on time. When you apply for an online loan, it won’t have a negative impact on your credit file. However, if you default for any reason, or if it is passed to a collection agency, then this could eventually impact your credit score.

A small loan won’t always show up on the credit records of Equifax and Transunion. If, however you do not repay your loan on time, it is possible that your debt could be passed to a collection agency, who will then report your debt to one of the major credit bureaus.

This would usually be the only circumstance where a small loan could impact your credit score. As long as you repay your installments on time, there should never be a cause for concern.

How much money do I qualify for with a small loan online?

When you need to borrow money, you could qualify and be approved for a small loan online of up to $1,500. The amount of money you can borrow will depend on the lending company, your income and your monthly income.

Is a small personal loan better than credit card debt?

When comparing credit card debt with a small personal loan, there are lots of individual factors that determine which is the most suitable choice.

With an online loan, the repayment amount is presented as an exact figure, and the repayment schedule* is also predetermined as well as agreed on at the point the loan is approved. With credit card debt however, there is always a temptation to pay the minimum payments, which, over time, could lead to significantly higher interest payments and a debt that takes longer to pay off.

What credit score do I need to get approved for a small loan online?

Most lenders will need you to have a minimum credit score of between 580 - 600 if you want to be approved for a small loan online. Thankfully, your credit score isn’t the deciding factor when you look for a personal loan. Credit scores matter because they will usually determine who will approve you for a personal loan and how much money you can borrow.

Although each lender could have a different set of approval criteria for a loan, you should be able to ask them what their credit score expectations are before you apply to borrow money online with them.