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Rating by Finanso®

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About lender

24Cash is a Canadian short-term loans company considered one of the largest organizations providing fast cash advances and personal loans for residents of Alberta, British Columbia, New Brunswick, Nova Scotia, and Ontario.

The company was founded in Canada in 2019.

Unlike traditional lenders, it does not require any credit check, and the application process is quick and easy. It uses risk assessment tools and a comprehensive comparison system to ensure that it can approve a person for a personal loan.

There is the following gradation of the personal loans provided by the 24Cash platform concerning the duration of the repayment period: the total loan amount of a payday loan has got to be repaid on the borrower’s next payday; the total loan amount of an online cash loan can be refunded within three months, in 3, 6 or 12 installments, depending on the frequency of the borrower’s paydays.

The company offers the following types of short-term loans to help one get their financial situation back on track:

  • Bad credit loans. A low credit score is not a deciding factor when applying for a personal loan with 24Cash. Loans for bad credit are available for all Canadian citizens regardless of their credit score.

  • Payday loans. The customer can borrow more money and pay it back gradually, not at their next payday.

  • No credit checks loans. 24Cash offers short-term personal loans without carrying out a credit history investigation of the potential borrower. The company's customer service is concentrated on the income of the person applying for the loan. The above-mentioned makes almost every customer addressing the company eligible for online personal loans even if a person does not have a credit history. works with loan companies offering an APR ranging of 26%. The maximum rate never exceeds 26%.

Basic principles of 24Cash:

  • No Credit Checks. Bad credit doesn’t impact the customer’s ability to get a personal loan with 24Cash. Whatever his credit score, the applications for online loans do not require any credit investigation. All that is needed is just to fill out the company’s free application form, receive funds, and pay the bills the same day.

  • Same Day Deposit. The company is offering a unique opportunity to get funded quickly and in a secure way. The applications are generally being proceeded and approved within the hour; the money is being deposited into the borrower's bank account via direct transfer within 24 hours.

  • Confidential and safe data processing and transactions carrying out. It is an essential point for the company that all the data provided to it by the customers is being kept safe. All the processing of the data within the company is completely confidential and secure. 24Cash uses the same high-security standards as financial institutions do. The company's privacy policy protects the personal details of its clients. The team members of the platform are always available to help answer any questions the customers may have.

Pros and cons


  • No credit investigation.

  • No documents are required.

  • Delivering a loan within 24 hours.

  • A possibility to apply for a loan renewal.

  • There is a payment calculator on the 24Cash website.

  • Bad credit accepted.

  • Money transfers through a rapid direct deposit with the 24 hours.


  • The money initially approved for a loan is limited to $500 only.

  • The company has got a list of income sources that are not being accepted: private pension, self–employment, student loans, disability income, welfare, child tax credit, and retirement savings.

  • Confusing website.

Loan conditions

An individual applying for a personal loan should qualify for the following conditions:

  • Be 18 years or older

  • Be Canadian citizen

  • Have a steady job - at least three months

  • Have a low short-term debt ratio

  • Must not be under an undischarged bankruptcy or plan to do so

  • Have a monthly income of at least $1,200

  • Have a Canadian bank account for direct deposits for at least three months.

The maximum annual percentage rate of the approved loans never exceeds 26%.

Methods of loan funding

If a potential loan request is accepted and he signs the contract before 1:30 p.m. EST, the funds will be deposited in the borrower’s account by the end of the day. However, if the request is accepted after 1:30 p.m. EST, the borrower must wait up to 24 business hours.

All the above-mentioned happen thanks to the following. Through the instant verification service, 24Cash can get the information that allows the company to decide on the loan request quickly. After this, the company validates the potential borrower's identity and obtains a copy of the borrower’s bank statement from the last 90 days. This makes unnecessary the long and complex paper delivery process. It is the safest and fastest way to get an online loan. The company's mission is to provide its clients with a discrete service and a quick answer.


What is 24Cash?

24Cash is a company that offers its clients a quick, simple, and trusted way to get short-term personal loans. Bad credit accepted.

Who owns 24Cash?

No information is provided on the company’s website regarding this question. Neither open Internet sources offer this bit of information.

How do you qualify for 24Cash?

To qualify for the services of the lender, a person should correspond to the following:

  • Be 18 years or older

  • Be Canadian citizen

  • Have a steady job - at least three months

  • Have a low short-term debt ratio

  • Must not be under an undischarged bankruptcy or plan to do so

  • Have a monthly income of at least $1,200

  • Have a Canadian bank account for direct deposits for at least three months.

How much can you borrow from 24Cash?

The company typically approves $500 for first-timers. However, if the customer needs a renewal of his contract, the amount of money that can be approved according to the questions page on the website is as follows: $600, $700, $750, and 850. The calculator page of the website shows that the maximum sum for renewal can be $750 only.

Is it a legitimate company?

The company corresponds to all the requirements for such financial institutions, and it seems to be entirely legitimate. It is BBB-listed and accredited with an A+.

Company documents

Legal notice

24Cash offers simple online services to Canadians, lending you the funds you need, from the comfort of your home.

© 24Cash

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What to pay attention to when applying for a loan from 24cash

  1. The company must have a license if it runs business in Alberta, British Columbia, Manitoba, Ontario and Quebec.
  2. You can check the availability of the relevant license (copy) at the branch of the lending company.
  3. Membership in a self-regulatory organization (SRO) is an additional guarantee of the reliability of the lending company. This information can also be checked at the company's branch or on its official website.
  4. Availability of lending policies.
  5. The procedure for applying for a loan.
  6. The procedure for concluding the loan agreement and receiving the payment schedule.
  7. Other conditions for granting loans.

We recommend

  1. To check out the interest rates and frequency. 
  2. Check the availability of individual terms in the loan agreement (principal amount, term, date of advance, etc.).
  3. Check whether the loan agreement contains information about the total cost of borrowing.
  4. Take time to think – you can change your mind before agreeing or signing a loan agreement.
  5. Speed of loan processing.
  6. Accessibility – alternative lenders often operate where there are no bank branches.
  7. For the borrower - high interest on the loan.
  8. For an investor, the safety of funds is not guaranteed by the state.

What distinguishes 24cash from banks:

  1. Simplicity - loan processing is less formalized than in a bank.
  2. Fast loan processing.
  3. Accessibility.
  4. For the borrower - high interest on the loan.
  5. For an investor, the safety of funds is not guaranteed by the state.
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