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Kingcash Review

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About Lender

Kingcash, a prominent financial institution operating in Canada, offers a hassle-free solution for those in need of quick and reliable cash loans. With a commitment to providing Canadians with a convenient alternative to traditional bank loans, Kingcash stands out for its user-friendly approach and efficient service. Whether facing an unexpected expense or seeking to cover urgent financial needs, Kingcash offers same-day loans with no credit check, making the process swift and accessible to a wide range of customers.

At Kingcash, the emphasis is on simplicity and speed. By streamlining the application process and offering secure paperless transactions, Kingcash ensures that customers can obtain cash loans from the comfort of their homes. With flexible repayment options and installment plans tailored to individual needs, borrowers can confidently navigate their financial obligations. By prioritizing customer convenience and satisfaction, Kingcash sets a high standard in the lending industry, delivering peace of mind to borrowers seeking timely financial assistance.


Key Features

  1. Quick and Easy Application Process. Kingcash offers a straightforward and secure online application process that can be completed in as little as 5 minutes, allowing customers to request cash loans swiftly and conveniently.

  2. Same-Day Loan Approval. With a commitment to addressing urgent financial needs, Kingcash provides same-day approval for loans, ensuring that eligible applicants receive the funds promptly, often within a few hours.

  3. No Credit Check Requirement. Unlike traditional banks, Kingcash understands that a bad credit score shouldn't hinder financial assistance. The service proudly offers cash loans without the need for a credit check, prioritizing accessibility for a broader range of customers.

  4. Flexible Repayment Plans. Kingcash caters to the diverse financial situations of its customers by offering flexible repayment plans, including installment options ranging from 3 to 12 payments. This allows borrowers to manage their loan obligations in a way that suits their circumstances.

  5. Renewal Options for Loyal Customers. After repaying their initial loan, customers have the option to take a new loan, making it convenient for returning borrowers to access additional funds when needed.

Pros and Cons


Secure and Paperless Transactions. Security is a top priority for Kingcash. The service ensures a safe and paperless loan application and approval process, minimizing the need for extensive documentation and providing a secure environment for financial transactions.

Direct Deposit and Instant Funding. Kingcash facilitates quick access to funds by offering direct deposit services. For enhanced convenience, the service also provides an instant deposit feature, allowing borrowers to receive funds within an hour of approval.

Transparent Fee Structure. Kingcash maintains transparency in its fee structure, clearly outlining the annual percentage rate (APR), transaction fees, and any applicable surcharges. This transparency helps borrowers make informed decisions about their financial commitments.


Higher Interest Rates. While Kingcash offers convenience and accessibility, its loans may have higher interest rates than traditional bank loans, potentially resulting in increased overall repayment amounts.

Limited Eligibility. Some individuals, such as those receiving certain types of income like social assistance or self-employment earnings, may not qualify for loans through Kingcash, limiting the service's reach.

Potential Debt Accumulation. As with any loan service, there's a risk of borrowers accumulating debt if they're unable to manage their repayments effectively, especially considering the ease of obtaining loans through Kingcash.


Kingcash's reliability is underscored by the commendable rating of 4.6 out of 772 total reviews on Trustpilot, reflecting a substantial level of customer satisfaction and trust in the service. This positive feedback indicates a consistent track record of delivering on promises and providing satisfactory lending experiences to a significant number of borrowers. While individual experiences may vary, the high volume of favorable reviews speaks to Kingcash's commitment to reliability and customer-centric service. Prospective borrowers can take confidence in this demonstrated reliability when considering Kingcash for their financial needs.

How to Apply for a Kingcash Loan?

  1. Visit the Kingcash Website. Start by visiting the official website of Kingcash. The website provides all the necessary information about the loan services offered and guides you through the application process.

  2. Fill Out the Online Application Form. Once on the website, locate the online application form. This form will require you to provide essential personal and financial information, including your name, contact details, employment status, monthly income, and banking information. Be sure to fill out the form accurately and completely.

  3. Complete Instant Banking Verification. After filling out the application form, Kingcash may require you to complete instant banking verification. This process verifies your banking information to ensure accuracy and security. You may need to provide authorization for Kingcash to access your bank account details securely.

  4. Submit Your Application. Once you've filled out the application form and completed the instant banking verification, review all the information you've provided to ensure accuracy. Once you're satisfied, submit your application electronically through the website.

  5. Wait for Approval. After submitting your application, Kingcash will review it promptly. If your application is approved, you will receive notification of approval via email or phone. This notification will include details about your approved loan amount and repayment terms.

  6. Receive Funds. Upon approval, Kingcash will deposit the approved loan amount directly into your designated bank account. Depending on the time of day and your bank's processing times, you may receive the funds on the same day or the next business day.

Conditions and Requirements


  1. Loan Amount. New customers may qualify for an initial loan amount of $500, with the potential to increase up to $750 as they establish a positive borrowing history with Kingcash.

  2. Repayment Terms. Borrowers can choose from flexible repayment plans, with installment options ranging from 3 to 12 payments. These terms allow borrowers to customize their repayment schedules according to their financial capabilities.

  3. Interest Rates. Kingcash typically charges an annual percentage rate (APR) of 22% on the amount borrowed, along with a transaction fee. The specific interest rate and fees may vary based on the borrower's credit rating and banking information.

  4. Renewal Options. Loyal customers of Kingcash may have the option to renew their loans after a grace period, enabling them to access additional funds while maintaining a positive repayment history.


  1. Canadian Citizenship. Borrowers must be Canadian citizens to be eligible for a Kingcash loan.

  2. Age. Applicants must be at least 18 years old to apply for a loan with Kingcash.

  3. Bank Account. Borrowers must have a Canadian bank account that has been active for at least three months. This account should be the same one into which their payroll deposits are made.

  4. Stable Employment. Kingcash typically requires borrowers to have a stable job, with at least three months of consistent employment. They should have a monthly income of at least $1200, received either through direct deposit or cheque.

  5. Credit History. While Kingcash doesn't conduct traditional credit checks, they may still assess the borrower's creditworthiness based on factors such as their banking history and employment stability.

  6. Debt Ratio. Applicants should have a manageable debt ratio, demonstrating their ability to repay the loan without overburdening themselves financially.

  7. Residency. Kingcash loans are available to Canadian citizens residing in specific provinces and territories, including Ontario, Prince Edward Island, British Columbia, Nova Scotia, New Brunswick, Alberta, Nunavut, Northwest Territories, and Newfoundland.

  8. Valid Income Sources. Certain sources of income, such as social assistance, child tax credit, private pension, retirement savings, student loans, disability income, and self-employment earnings, may not be considered eligible for a Kingcash loan.

Ways to Receive the Money

  1. Direct Deposit. This method allows borrowers to receive the loan amount directly into their Canadian bank account. Funds are typically deposited on the same day if the loan is approved before the designated cutoff time, usually around 2:30 PM EST. Direct deposit is the standard and free method offered by Kingcash.

  2. Instant Deposit (NEW). For even faster access to funds, Kingcash offers an instant deposit feature. With this option, borrowers can receive their money within an hour of loan approval, regardless of the cutoff time. While convenient, there is a surcharge of $5 associated with instant deposits, which will be included in the loan's fees.

  3. E-Transfer. Returning customers may have the option to receive funds via email transfer (E-transfer). Funds are sent to a verified email address registered on the borrower's file within approximately 3 hours of approval. Similar to instant deposit, there is a surcharge of $3 for E-transfers, which will be included in the loan fees.


Quick Cash Loan (from $500 to $750 for new customers). Quick cash loans are designed to provide immediate financial assistance for unforeseen expenses or emergencies. These loans offer fast approval and flexible repayment options, making them suitable for short-term financial needs.

Reasons for Getting Rejected for a Kingcash Loan

  1. Insufficient Income. Kingcash requires applicants to have a stable source of income to ensure they can repay the loan. If the applicant's income does not meet the minimum requirements, their application may be rejected.

  2. Unstable Employment. Applicants must have a stable job with at least three months of consistent employment. If the applicant's employment history is inconsistent or unreliable, it may raise concerns about their ability to repay the loan.

  3. High Debt-to-Income Ratio. Kingcash evaluates the applicant's debt-to-income ratio to determine their ability to manage additional debt. If the applicant's existing debt obligations are too high in relation to their income, they may be deemed ineligible for a loan.

  4. Recent Bankruptcy or Consumer Proposal. Applicants who are currently in bankruptcy or have recently filed a consumer proposal may be disqualified from receiving a loan from Kingcash.

  5. Inadequate Banking History. Applicants must have a Canadian bank account that has been active for at least three months. If the applicant's banking history is insufficient or raises red flags, their application may be rejected.

  6. Ineligibility in Specific Provinces or Territories. Kingcash loans are available only to Canadian citizens residing in certain provinces and territories. If the applicant's residence is not within the eligible regions, their application will not be considered.

How to Repay a Kingcash Loan?

  1. Review Loan Terms. Before repayment begins, borrowers should review the terms of their loan agreement carefully. This includes the repayment schedule, installment amounts, and any applicable fees or charges.

  2. Set Up Automatic Payment Plan. To ensure timely repayment, borrowers can opt to set up automatic payments from their bank account. This eliminates the need to manually make payments each month and reduces the risk of missing a payment.

  3. Make Payments on Time. Borrowers are responsible for making payments according to the schedule outlined in their loan agreement. It's crucial to make payments on time to avoid late fees and penalties.

  4. Choose a Payment Method. Kingcash offers multiple payment methods to accommodate different preferences. Borrowers can choose to make payments online through their Kingcash account, via direct debit from their bank account, or by mailing a cheque or money order.

  5. Monitor Payment Activity. Borrowers should regularly monitor their loan account to ensure that payments are processed correctly and that the loan balance is being reduced accordingly. Any discrepancies or issues should be reported to Kingcash promptly.

  6. Consider Early Repayment. Borrowers who can do so may consider making early payments or paying off the loan in full before the scheduled end date. This can help save on interest charges and reduce the overall cost of the loan.

  7. Contact Customer Service for Assistance. If borrowers encounter difficulties or need assistance with their loan repayment, they can contact Kingcash's customer service team for support. Customer service representatives can provide guidance on repayment options, address concerns, and answer any questions related to the loan.



iCash offers instant loans 24/7 across various provinces, accommodating borrowers with bad credit. Loan amounts vary depending on the province, ranging from $100 to $1,500, with repayment terms spanning 7 to 62 days. This flexibility allows individuals to address their immediate financial needs conveniently.


Bree provides early pay access without interest or fees, offering cash advances ranging from $20 to $250. Borrowers can repay the advance by the next pay cycle, with a maximum term of 61 days. The service boasts instant approval and funding 24/7, with no credit check required, provided there are no NSF transactions in the borrower's bank account.


Nyble offers a credit line with no interest or fees, allowing borrowers to access funds ranging from $30 to $150. The repayment period is set at 30 days, with the option to extend. Premium services, such as instant funding, are available for an optional $11.99 per month membership fee, catering to borrowers seeking additional convenience.


PAY2DAY facilitates payday loans with instant approval and funding 24/7, accommodating borrowers across various provinces. Loan amounts vary by province, ranging from $300 to $1,500, with repayment terms of up to 62 days. The service prides itself on providing quick financial solutions without the need for a credit check.

Editorial Opinion

In navigating the lending landscape, Kingcash's provision of quick and accessible loan solutions presents a notable option for individuals seeking immediate financial assistance. The service's commitment to streamlining the application process and offering flexible repayment terms underscores its dedication to meeting the diverse needs of its clientele. While Kingcash's no credit check policy facilitates accessibility for borrowers with varying credit histories, prospective customers should exercise caution and thoroughly review the terms and conditions before committing to a loan.


Keeping your Debt-to-Income (DTI) ratio below 30-40% of your monthly income is crucial. This will help you avoid potential financial problems in the future. Additionally, always assess the necessity and feasibility of taking a loan, ensuring you can comfortably manage its repayment.

How to Choose a Lender

  1. Verify that the lender is registered with the appropriate regulatory authorities in Canada, such as the Financial Consumer Agency of Canada (FCAC), or is licensed to operate in your province.
  2. Check if the lender is a member of reputable industry associations in Canada, such as the Canadian Bankers Association (CBA) or the Canadian Lenders Association (CLA).
  3. Thoroughly review all terms and conditions outlined in your loan agreement. Understand the repayment schedule, interest rates, fees, and any penalties for late payments or defaults.
  4. Ensure that the contract clearly states the annual percentage rate (APR) and the total cost of borrowing, including any administrative fees or additional charges.
  5. Familiarize yourself with your rights regarding loan cancellation or early repayment. Canadian consumers have the right to cancel a loan within two business days after signing the agreement, without penalty.
  6. Research the lender's reputation by checking customer reviews, complaints, and feedback on reputable online platforms, as well as through resources provided by organizations like the Better Business Bureau (BBB).


At Finanso, we've carried out a comprehensive analysis of over 70 lenders, assessing them based on 35 different parameters across six key categories: accessibility of loans, customer relations, quality of service, interest rates, and transparency of conditions.

In each category, we carefully considered the most critical factors in selecting a lender. These factors include the interest rates, available loan amounts, minimum credit score, minimum income, application fees, and the speed at which funds are transferred.

At Finanso, we highly value our users, which is why we also focus on the quality of customer service, user reviews, and additional features that can aid our users in making a well-informed decision.

Our ultimate goal is to provide insightful recommendations and expert advice to assist you in selecting a lender that best caters to your specific needs.

Additional Resources



How much can you borrow from Kingcash?

The loan amounts available from Kingcash typically range from $500 to $750 for new customers. However, as borrowers establish a positive borrowing history with the company, they may become eligible for larger loan amounts over time. This flexibility allows individuals to access the funds they need to address various financial obligations or emergencies without overburdening themselves with excessive debt.

Does Kingcash approve everyone?

While Kingcash aims to provide accessible lending solutions to a wide range of customers, approval is not guaranteed for everyone. The company evaluates each loan application on a case-by-case basis, taking into account factors such as income, employment stability, credit history, and residency. While Kingcash may offer loans without conducting traditional credit checks, meeting the eligibility criteria and demonstrating the ability to repay the loan are essential for approval.

Is Kingcash a legitimate company?

Yes, Kingcash is a legitimate company offering financial services in Canada. With a track record of providing quick and accessible loan solutions, the company has earned a reputation as a reliable lender within the industry. Additionally, Kingcash is transparent about its loan terms, fees, and repayment conditions, further solidifying its legitimacy and commitment to responsible lending practices.

Is Kingcash a good lender?

Whether Kingcash is considered a good lender depends on individual experiences and preferences. The company has garnered positive reviews from many satisfied customers, highlighting its efficient application process, fast approval times, and flexible repayment options. However, borrowers should carefully consider their own financial needs and circumstances before choosing any lender, including Kingcash, to ensure that the terms and conditions align with their requirements and goals.

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