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Казахстан
Lender
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

iCash

Advertiser Disclosure

About lender

iCash is a lending company that has been providing cash advance loans in a fast, safe, and easy way in Canada since 2014.

Sometimes you may need some extra cash to save yourself from the complex financial situation. With this company, you can make the application online and receive money without the need pf visit any offices. You can also install the mobile app and make all the necessary actions to get the money through it. All action can be done online, including paying off the payday loan.

iCash applies for a profitable cashback program and makes no credit check. The credit is instantly approved if the applicant matches all the needed requirements. Every day many loans are issued.

The main product of the iCash company is to provide payday loans in the safest and easiest way. All action can be performed online, or a client uses the mobile application to get a loan amount up to $1,500.

Features

iCash Inc. has various features that help customers in Canada borrow money in an easy and convenient manner. These are:

  • Loan amount from $100 to $1,500.

  • Credit history has almost no impact on the decision as the lender does not make a credit check.

  • A cash advance is transferred to the borrower's bank account almost immediately once the application is submitted.

  • 4.6 out of the 5 stars according to Trustpilot.

  • The instant decision for payday loan issuance.

  • The requirements are rather easy to meet – a payday loan is provided for 19+ years old Canadian residents with an official income of $800 per month, who have a valid bank account.

  • Payday loans can be used for any purpose.

Advantages

The iCash company has many advantages, and the first one is a quick application review process. Almost any client can have an online payday loan in minutes after the application has been sent. No documents are required for the case to be reviewed. Borrowed funds will be transferred via Interac e-Transfer within 5 minutes after the client has signed the agreement.

The second important advantage is a well-structured official iCash website where customers can get all the necessary information without dialing any phone numbers or writing email messages.

The third advantage is the five-day grace period which the client can enjoy after the loan is transferred. It also gives the opportunity to the borrowers to pay off the debt without any extra cost.

During the application review, the company pays no attention to the poor credit score. Applicants with bad credit history can still qualify for a $1,500 payday loan.

All iCash company operations are conducted in accordance with the legislation of Canada. The lending procedure is transparent and easy. The conditions of financing issuance are clear.

The iCash company operates on weekends and at most state holidays.

Cashback program that allows borrowers to save up to 20% of the loan.

Loan terms

The terms for iCash payday loans are the following:

  • Term from 7 to 62 days.

  • APR is 109.50%.

  • Interest fees vary by province.

Before applying for a payday loan, you can choose between Cash Advance with one payment and flexpay with two or three payments.

Methods of a loan granting

iCash provides two methods of loan granting

  • A direct deposit to the bank account;

  • Sending money via Interac e-Transfer.

For loan repayments, the customer will use the same bank account, and installments will be automatically debited for the amount specified in the agreement.

iCash

Company documents

Privacy Policy
Terms of Use & Conditions

The greatest alternative to traditional payday loans.

© iCASH.ca by Finabanx

iCash service available provinces

  • Ontario
  • Nova Scotia
  • New Brunswick
  • Manitoba
  • British Columbia
  • Prince Edward Island
  • Alberta
iCash service available provinces

Financial products

iCash
Payday loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
100$ - 1500$
Rate
i

Effective interest rate on the product

15% - 23%
Term
i

Loan term for the financial product

7 - 62 days

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Calculate loan payments in iCash

iCash calculator will allow you to calculate an approximate payment schedule for the loan

iCash calculator
Interest rates are given in accordance with the rates of the bank in Ottawa as of 25.11.2022
Loan amount
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Enter the desired loan amount

CAD
CAD
USD
100 $
1500 $
Loan term
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Specify the loan term for the calculation

days
months
7
62
Province

What to pay attention to when applying for a loan from iCash

  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 iCash 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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