Small Loans

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.