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.
