iCash Loans in Thunder bay

iCash
Get a iCash loan verified by our specialists. On 16.07.2024 there are 1 options available to you. Increase your chances of getting a loan — fill out an application with a free credit rating check.
Offers: 1
Updated
21.05.2024
17:05
Rating by Finanso®
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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™
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300
650
1000
100.00 – 1500.00 C$
Rate
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Effective interest rate on the product

88.31 – 2391.07 %
Term
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Loan term for the financial product

7 days – 62 days
How to apply for a iCash Loan in Thunder bay? Step-by-Step

How to apply for an iCash loan in Thunder bay?

  1. Visit the iCash Website. Start by visiting the official iCash website using your preferred web browser.

  2. Create an Account. If you're a new user, you'll need to create an account by providing basic information such as your email address and phone number. Follow the prompts to set up your account securely.

  3. Apply Online. Once logged in, you'll need to fill out the loan application form. This typically includes details such as your personal information, contact details, employment status, income, and banking information. Ensure that all information provided is accurate and up-to-date.

  4. Choose Your Loan Amount. Select the desired loan amount based on your financial needs and eligibility. iCash offers loan amounts ranging from $100 to $1,500, depending on your province of residence and income.

  5. Review and Submit. Before submitting your application, carefully review all the information you've provided to ensure accuracy. Take note of any terms and conditions associated with the loan.

  6. Await Approval. After submitting your application, iCash will assess your information and determine your eligibility for a loan. In many cases, applicants receive instant approval, while others may require manual review, which could take a few hours.

  7. Sign the Contract. If approved, carefully review the loan agreement provided by iCash. Sign the contract electronically to confirm your acceptance of the terms and conditions.

  8. Receive Funds. Upon signing the contract, funds will be transferred directly to your bank account via Interac e-Transfer. In most cases, funds are disbursed within 2 minutes of contract completion, providing swift access to the money you need.

Conditions

  • Loan Amount. iCash offers loan amounts ranging from $100 to $1,500, depending on eligibility and provincial regulations.
  • Loan Term. The loan term ranges from 7 to 62 days, allowing borrowers to choose a repayment period that suits their financial situation.
  • Interest Rate. iCash charges an interest fee of $15 for every $100 borrowed in Alberta, British Columbia, Ontario, Nova Scotia, and Prince Edward Island. In Manitoba, the fee is $17 per $100 borrowed, and in New Brunswick, it's $15 per $100 borrowed.
  • Repayment Options. Borrowers can make one to three equal payments, depending on their province of residence and loan terms.
  • Renewal Options. Borrowers won't be able to take out multiple loans at a time, but they may be able to take out a second loan as soon as their first loan is paid off.

Requirements

  • Age. Borrowers must be at least 19 years old to apply for an iCash loan.
  • Canadian Residency. Applicants must be Canadian residents residing in a province where iCash operates, such as Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia, Ontario, or Prince Edward Island.
  • Valid Contact Information. Borrowers must provide a valid cell phone number, email address, and residential address.
  • Minimum Income. Applicants must have a minimum monthly income of $800, deposited into a Canadian bank account, and maintained for at least the past three months.
  • Stable Income Source. Borrowers must demonstrate a consistent source of income, which can include employment income, government benefits, pensions, or other forms of regular income.
  • Bank Account. Borrowers must have a Canadian bank account that has been open for at least three months and offers online banking facilities.
  • Application Details. Borrowers are required to provide accurate and complete information during the application process, including personal details, employment information, income sources, and banking information.
  • Credit Check. While iCash considers various factors beyond credit scores, applicants should be aware that a credit check may be conducted as part of the loan approval process. However, bad credit or no credit history does not necessarily disqualify applicants from obtaining a loan.

Additional resources