
iCash
iCash is a reputable Canadian lender serving over half a million customers nationwide with short-term, same-day loans. As a fully licensed provider, iCash prides itself on delivering high-quality services quickly and safely, offering reliable, accessible, and affordable financial assistance.
Expert Review
Best For
iCash is best suited for Canadians who need money quickly for urgent, one-time expenses and have exhausted lower-cost options.
Our Take
iCash is a prominent short-term lender in Canada, providing fast-access loans for borrowers who may not qualify for traditional bank credit. It operates on a payday and installment loan model, offering higher loan amounts than typical cash advance apps with repayment timelines extending beyond a single paycheque. The primary value proposition of iCash lies in its speed and accessibility, with fully online applications, quick approvals, and same-day funding.
What We Like
- Straightforward and quick online application process with fast approval decisions.
- Clear upfront outlining of loan terms, including repayment amounts and schedules.
- Provides a transparent online alternative to storefront payday lenders for those with limited credit options.
- Accessibility for borrowers with less-than-perfect credit histories.
Where to Improve
- Loans are expensive relative to mainstream credit products, with high interest rates and fees.
- Does not report positive repayment activity to major credit bureaus, hindering credit building.
- Customer support experiences appear mixed, suggesting room for faster and more proactive assistance.
Verdict
iCash can be a workable option for Canadians facing short-term emergencies who understand the full cost of borrowing and have few alternatives. However, it is not a low-cost loan or a long-term financial solution. It should be used sparingly as a last-resort bridge, as repeated use can lead to more expensive financial problems.
Brand Signals & Trust
Years in Business
10+
Geographic Reach
7 provinces
Product Diversity
1 product
Customers Served
Over 1,000,000
Trust Badges
Quality Lender, Established Lender
Products Offered
Payday Loan
Amount Range
$100 - $1,500
Interest Rate
Varies
Term
2 months
Funding Speed
Same day
Eligibility
- Resident of AB, ON, BC, MB, NB, NS, PEI
- Same source of income for past three months
- Net income of at least $800/month
- Access to an online bank account
Google Reviews
6,730 Google reviews
Monday: Open 24 hours
Tuesday: Open 24 hours
Wednesday: Open 24 hours
+4 more days
Everyone should report them to the consumer protection agency Don't deal with this company they are slimy. First they kept changing the dates on me then they changed the amount I was to borrow right before I signed the paperwork without telling me I contacted them about the "mistake" but they gave my the run around about how they can't change the dates but they changed it to something I didn't agree to they are horrible. DON'T TRUST THEASE GUYS THEY WILL LIE AND CHANGE THINGS ON YOU WITHOUT TELLING YOU.
BEWARE THEY ACT OUT OF EMOTION WHEN QUESTIONED & MAY TAKE IT OUT ON YOU. Transparency Around VIP Benefits Is Important I was a customer for several years and maintained a consistent on-time payment history with no defaults. I advanced to VIP/Elite status based on the advertised benefits, including flexible 1–3 payment options and priority customer service. When I attempted to use the flexible payment option, I was informed that eligibility depends on additional internal criteria and that customers on fixed income do not qualify for certain Elite benefits. That distinction was not clearly reflected in my understanding of the program materials, which is where the confusion arose. After I requested clarification about eligibility criteria and how tier benefits are applied, I was later denied the ability to obtain further loans — despite never missing payments and even requesting a smaller amount than I had previously received. I was advised the decision related to financial responsibility, which I found surprising given my consistent history and active efforts to reduce expenses. I understand lenders have discretion and internal risk assessments. However, I would encourage prospective customers to request written clarification of: • Whether fixed-income customers are excluded from VIP/Elite benefits • All eligibility criteria tied to advertised rewards tiers • How “priority customer service” is defined in practice Clear disclosure and consistency are especially important in high-cost lending. They refuse to give me clear disclosure, which I find very suspicious. So Beware This review reflects my personal experience.
They are reasonable, goes with your income. They don't want you to exceed your limits, which is good. You need this because their a little fee,added on. But as you pay it off each time, they give you a little leeway. No credit check. I truly think they are a excellent cash app. Quick and easy. No hidden fees. They are straight up and forward . Also very helpful should you need it. Hope this helps.
Ive used this company for years with great service. Than, this last payment they thought it was going to bounce and after trying to explain to them over and over that i would not (i have protections i. My account that prevent it) they made me wait until it cleared on their end. Fine, ill wait. The payment then cleared, like i explained it would, and upon re applying they only approved me for $250 even though my income increased, and my payment was good. They are punishing me becaise of their mistake. Dont use them. There are far better services out there.
Fast I mean extremely fast with everything from start to finish preparing the agreement, transferring the money correcting errors made on my part, responding to my questions. Absolutely, everything was so fast. And even on a Saturday, I don't think 5 stars Are enough stars to give this company?But that's all i'm allowed to give you. Fantastic job , very , very satisfied and very impressed
How iCash Compares
Quick Eligibility Check
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