iCash Reviews, Ratings, And Fees

What is icash.ca

iCash.ca is a premier online lender dedicated to providing Canadians with quick, safe, and reliable access to short-term loans. With a strong commitment to customer satisfaction, iCash offers a quick, easy and safe loan application that takes just minutes to complete. Canadians can apply for a loan by downloading the iCash mobile loan application or on the iCash website.

Canadians benefit from instant decisions 24/7 and receive their funds by e-Transfer in as little as two minutes. There are no hidden fees, and the entire process is paperless, ensuring a hassle-free experience. iCash is a licensed direct lender, approving 96% of applications, and serving over 1,000,000 happy customers across the country.

As a trusted lender, iCash ensures all transactions are secure, providing peace of mind to borrowers. The company caters to individuals with various credit backgrounds, making it accessible to a wide audience.

Whether you need to cover emergency expenses, unexpected bills, or any other financial needs, iCash is here to help. The easy online application, combined with fast funding, makes iCash the go-to choice for Canadians seeking a dependable and efficient lending solution.

How to Qualify for a loan with iCash?

Qualifying for a loan with iCash.ca is straightforward and designed to be accessible for many Canadians. To start, applicants need to be at least 19 years old and a resident of Canada. They must have a steady source of income, which can include employment, government benefits, or pension. Additionally, a valid Canadian bank account capable of receiving an e-Transfer. It’s essential to have a working phone number and an active email address to ensure smooth communication throughout the loan process.

How much can I borrow from iCash?

With iCash.ca, you can borrow amounts ranging from $100 to $1,500, depending on your financial needs and eligibility. The flexibility in loan amounts allows you to choose the right amount to cover your expenses, whether it’s for an emergency, unexpected bills, or other financial needs. The loan terms are designed to be manageable, ensuring that repayments fit comfortably within your budget.

Frequently Asked Questions (FAQ) about iCash

Who can apply for a loan?

Any Canadian resident who is 18 years old, has an active bank account, a steady source of income, and a valid email address and phone number can apply. Keep in mind that applicants in British Columbia, New Brunswick, and Nova Scotia must be 19 years old to apply, as per the legal age requirement. 

iCash also accepts applications from individuals of all credit types and income streams. That means whether you earn traditional income from a full-time job, receive government benefits, or have alternative sources of income, you are welcome to apply. Financial assistance is accessible to everyone, regardless of their financial background or employment status.

How long does it take to get approved? 

Approval times can vary, but many applicants receive a decision within a few minutes. All applications go through a fast verification process powered by an AI-driven system. This sophisticated technology allows for quick and efficient review; everything is done in real time. 

After you’ve been approved, you’ll get your loan agreement. It will outline all the details of your loan, including the terms and conditions. Then, sign and submit the agreement to receive your funds via Interac e-Transfer within a few minutes.

How much can I borrow?

iCash offers loans ranging from $100 to $1,500. The amount you get approved for will depend on your income level and repayment ability. Getting an amount you can comfortably repay ensures you can manage your finances effectively without added strain. This responsible lending approach provides financing that fits within your budget.

What can I use the loan for?

You can use the loan for any personal expenses, such as emergencies, bills, repairs, or other unexpected costs. You can also use the funds to pay for groceries, gas, or even leisure activities if you choose. With iCash, there are really no limitations on how to use the money you receive.

Here are some potential uses of your loan:

  • Emergency expenses: Cover urgent medical bills, car repairs, or unexpected travel costs.
  • Essential Bills: Pay for utility bills, phone bills, or rent to avoid late fees and maintain essential services.
  • Home repairs: Fund necessary home improvements or repairs, such as fixing a leaky roof or replacing broken appliances.
  • Leisure Activities: Enjoy some time away and plan a short getaway to unwind and relax.
  • Education: Pay for school supplies, textbooks, etc. for yourself or your children. 

Are there any hidden fees?

iCash does not charge hidden fees. All costs are disclosed upfront during the application process. If there is anything unclear, the customer support team is available 24/7 to answer any questions you have. Transparency is a key part of this service, so you can feel confident knowing exactly what you’ll expect. 

Can I repay my loan early?

Yes, you can repay your loan early without any prepayment penalty. Managing your budget effectively and paying off your loan ahead of time can help you save interest and improve your financial situation faster. Early repayment also helps you free up your finances sooner, allowing you to focus on other financial priorities. 

Do I need a good credit score to apply for a loan? 

No, you do not need to have a good credit score to get a loan with iCash. Other factors beyond what’s shown on your credit report are considered. This includes your income and ability to repay the loan. 

iCash’s small loan amounts are designed to be manageable. This makes it easier for you to repay on time, regardless of your credit history. As long as you meet the basic minimum requirements, you qualify for funds up to $1,500. 

Is iCash.ca licensed and regulated? 

Yes, iCash is licensed and complies with the regulations of the provinces where it operates. All provincial licenses are easily accessible on iCash.ca for your review and peace of mind. iCash is also a proud member of the Canadian Consumer Finance Association, ensuring it adheres to high standards of practice and consumer protection at all times. 

In every province where iCash operates, the company recovers its funds through interest and various fees. These costs differ depending on the location of the loan. Here are the costs associated with payday loans in each province:

  • iCash in British Columbia: $15 interest per $100 borrowed, $20 NSF fee per transaction
  • iCash in Alberta: $15 interest per $100 borrowed, $25 NSF fee per transaction
  • iCash in Manitoba: $17 interest per $100 borrowed, $5 NSF fee per transaction
  • iCash in Ontario: $15 interest per $100 borrowed, $25 NSF fee per transaction
  • iCash in Nova Scotia: $15 interest per $100 borrowed, $40 NSF fee per transaction
  • iCash in New Brunswick: $15 interest per $100 borrowed, $20 NSF fee per transaction
  • iCash in Prince Edward Island: $15 interest per $100 borrowed, $48 NSF fee per transaction


Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia, Ontario, and Prince Edward Island