iCash – Personal Loan
iCash offers instant payday loans up to $1,500 with 24/7 e-Transfer payout and a cashback rewards program.
Payday loan: regulated cost per $100 borrowed. For short-term use only.
iCash is an online payday lender operating across most Canadian provinces, known for some of the fastest funding in the market. Approved applicants typically receive their money by Interac e-Transfer within a few minutes, 24 hours a day. Loan amounts range from $100 to $1,500, repaid on your next payday, and iCash offers a cashback rewards program that returns a percentage of borrowing costs to repeat customers.
The application is fully online and uses instant bank verification, so there is no faxing or paperwork. iCash considers applicants with poor or no credit, basing decisions primarily on income and banking history. Because payday loans carry a high effective cost, iCash is best used for short-term emergencies that you can repay on schedule, and the company provides clear disclosure of all fees before you sign.
✓ Pros
- Among the fastest funding in Canada
- Rewards for repeat borrowers
- Bad credit accepted
- Clear fee disclosure
✗ Cons
- High payday-loan cost
- Maximum $1,500
- Repaid on next payday
- Not licensed in every province
Loan Example
Borrow $500 for 14 days in BC at $15 per $100 = $75 fee, total repayment $575.
Eligibility Requirements
- ✓ Canadian resident, age 18+
- ✓ Steady income
- ✓ Active bank account with online access
- ✓ Email and mobile phone
Loan Features
- Instant 24/7 e-Transfer payout
- Cashback rewards on borrowing
- 100% online application
- Soft approach to credit history
Frequently Asked Questions
Minutes after submitting your application.
The minimum amount at iCash is $100 CAD.