Captain Cash Reviews, Fees & Requirements

Captain Cash is an online lender that has been serving Canadians since 2015. It offers installment loans of $500 to $1,000, with no credit check, repaid over 90 to 150 days rather than in one lump sum on your next payday.

The application is entirely online and takes about five minutes, with no documents to upload. If you are approved before 2:30pm Eastern on a business day, the money can reach your bank account the same day. Captain Cash reviews your income and banking activity rather than your credit score, and applying leaves no hard inquiry on your credit file.

It operates from Halifax, Nova Scotia, and describes itself in its own footer as a division of Opal Financial.

Are You The Right Borrower For Captain Cash?

An installment loan from Captain Cash could be a good fit for you if:

You need a few hundred dollars and a bit of time to repay it. Loans run $500 to $1,000 over 90 to 150 days, rather than coming due in full on your next payday.
You want payments that match your pay schedule. You choose weekly, bi-weekly or monthly installments.
Bad credit has been limiting your options. There is no credit check, so approval rests on your income and your banking activity instead of your credit history.
You need the money today. Approval before 2:30pm Eastern on a business day can mean same day funding.

What They Offer

Captain Cash offers one product, a short term installment loan, in nine provinces and territories: Ontario, British Columbia, Alberta, Nova Scotia, New Brunswick, Prince Edward Island, Newfoundland and Labrador, Nunavut and Northwest Territories. It does not lend in Quebec, Manitoba or Saskatchewan.

Installment Loan

$500 to $1,000

A short term loan repaid in instalments over 90 to 150 days, rather than in one payment on your next payday. No credit check, and the whole process runs online.

What you can borrow$500 to $1,000

How long you have90 to 150 days

How you repayWeekly, bi-weekly or monthly

Credit checkNone, and no hard inquiry

How fastSame day if approved before 2:30pm ET

Where you can get itNine provinces and territories

Loan Features

Same Day Funding - If you are approved before 2:30pm Eastern on a business day, funds are deposited to your Canadian bank account that day. Captain Cash says 92% of applicants get a decision the same business day.
Instalments Instead Of A Lump Sum - You repay over 90 to 150 days in weekly, bi-weekly or monthly payments, rather than clearing the whole balance on your next payday.
No Hard Credit Inquiry - Your application is assessed on income and banking activity, and applying does not affect your credit score.
No Prepayment Penalty - You can clear the loan early and you are charged interest only for the days you held the money.
A Deferral Option - Payments can be deferred with 48 hours notice for a $25 fee.
A Paperless Application - Nothing to scan or upload, and no branch visit.

Who Qualifies

Requirement	What Captain Cash asks for
Credit score	No credit check required
Age	18 or older, and a Canadian resident
Income	Employment income for new clients. EI, CPP and other regular income may be accepted when you renew
Minimum income	$1,200 a month
Job history	Three months or more at your current job, or consistent income for three months
Bank account	An active Canadian chequing account, open three months or more
Insolvency	Not eligible if you are currently bankrupt or in a consumer proposal
Loan size	$500 to $1,000
Availability	ON, BC, AB, NS, NB, PEI, NL, NU and NWT. Not QC, MB or SK
How you apply	Online only

Note that benefit income is treated differently here than at some other lenders. New borrowers need employment income, and EI or CPP is only considered once you come back to renew.

What A Captain Cash Loan Costs

This is the part of the page to read carefully, because Captain Cash publishes two sets of numbers that do not agree with each other.

The site states an APR of 23% on the homepage, in the loan calculator, in the footer of every page and in its terms and conditions. It also publishes the dollar amounts you would actually repay, and those tell a different story.

Their published example	You borrow	You repay	Cost of borrowing	Over
Representative example	$500	About $750	About $250	90 to 150 days
Live calculator	$700	$1,050	$350	120 days, 9 bi-weekly payments of $116.67

In both examples the cost of borrowing is half of what you borrowed. A $500 loan at a genuine 23% APR, held for 150 days, would cost you roughly $47 in interest, not $250.

Work it from the dollar amounts instead and the picture changes. Paying $250 on $500, or $350 on $700, over 90 to 150 days puts the simple annualized cost somewhere between 122% and 203%, depending on the term you are given. Because you repay in instalments rather than holding the full balance to the end, the rate on the money you actually still owe is higher again.

Other Fees

A returned payment costs you $45 in Captain Cash's own NSF fee. That is separate from anything your bank charges, and bank NSF fees have been capped at $10 per failed payment since 12 March 2026. Deferring a payment costs $25 and needs 48 hours notice. There is no fee to apply, and no penalty for paying the loan off early.

How To Apply

The application is one long form, shown as step 1 of 4. Signing the contract, verifying your banking and confirmation follow after it. Captain Cash says the form takes about five minutes, and there is nothing to upload.

Here is what each part of it asks for.

1 Application2 Signature3 Verify banking4 Confirmation

Step 1 of 4

Apply for your loan

Takes about 5 minutes. Free to apply, no obligation to accept.

How much do you need?

$300$500$600$700$800$1,000

Amounts over $600 are available to renewing clients only.

Part 1How much you wantYou pick an amount from a set of buttons. Anything over $600 is greyed out unless you are a returning borrower.

Personal information

First Name *

Last Name *

Date of Birth *

Year

Month

Day

Cell Phone *

Home Phone

Email *

Sex *

Part 2Who you areFirst and last name, date of birth, cell phone, email and sex, all required. A home phone is optional.

Home address

Address *

Apt.

City *

Province *

Postal Code *

Part 3Where you liveStreet address, city, province and postal code. The apartment field is the only optional one.

Source of income

Select source *

Pay details

Direct DepositCheques

Pay Frequency *

Next Pay Deposit *

Part 4How you are paidYour income source, whether you are paid by direct deposit or cheque, how often you are paid, and the date of your next deposit.

Banking information

Direct DepositInstant Deposit

Your Bank *

Your 5-Figure Transit Number *

Your Account Number *

Part 5Your bank detailsYour bank, your branch transit number and your account number, typed into the form. A separate banking verification step follows later.

Declarations

Planning to declare bankruptcy or enter a consumer proposal? Yes / No

Ever declared bankruptcy in the past? Yes / No

Safety contact

First Name *

Telephone *

✓Skip the credit check by using a surety

✓I agree to the Terms and Privacy Policy *

Continue to loan contract

Part 6Declarations and consentsTwo bankruptcy questions, a safety contact with their name and phone number, and two tick boxes, both already ticked when the page loads.

Two things on that form are worth knowing before you start.

A first loan is capped at $600. The amount buttons go up to $1,000, but everything above $600 is greyed out, with a note saying larger amounts are for renewing clients only.

You type your bank details straight into the form. Your bank, your five digit transit number and your account number are all fields on this page.

Alternatives Worth Checking First

Given the cost, it is worth ruling these out before you apply.

Ask Your Employer For A Payroll Advance

This is the one people forget, and it is usually free. Plenty of employers will advance you part of a paycheque you have already earned, with no fee attached. It is your own money, just paid to you a couple of weeks early. Speak to whoever handles payroll where you work and ask what their policy is.

Ask The Biller For More Time

If you are borrowing to cover a bill, start with the company sending it. Utilities, landlords and phone providers very often have hardship arrangements or payment plans that they do not advertise anywhere. A phone call costs you nothing, and people are frequently surprised by how willing a biller is to move a due date rather than lose the payment altogether.

What Customers Say

4.5

Trustpilot, 5,618 reviews

Profile claimed since January 2016. Reviewers most often mention speed and helpful staff. The company replies to reviews, including critical ones.

No profile

Better Business Bureau

We could not find a BBB profile for Captain Cash or for Opal Financial, so there is no letter rating or complaint record to read.

Not listed

CLA certified

The site says it is a member of the Canadian Lenders Association. We could not find it listed on the association's own site.

Captain Cash Pros And Cons

Pros

No credit check, and no hard inquiry. Applying does not affect your credit score.
Instalments rather than a lump sum. Repaying over 90 to 150 days is easier to absorb than clearing everything on one payday.
You choose the payment frequency, weekly, bi-weekly or monthly, to match how you are paid.
Same day funding if you are approved before 2:30pm Eastern on a business day.
No prepayment penalty, and interest is charged only for the days you hold the money.
A repayment schedule you can see before you apply, through the calculator on the site.
Long established, operating since 2015 with a large body of Trustpilot reviews.

Cons

No licence numbers published, and we could not confirm the licensing it claims.
No Better Business Bureau profile, so there is no independent complaint record.
Not found in the Canadian Lenders Association listings, despite the site claiming membership.
A $45 NSF fee on a returned payment, charged by the lender on top of anything your bank charges.
Nothing reported to the credit bureaus, so repaying on time will not help you rebuild credit.
No social media presence of any kind.

Captain Cash vs Eastern Loans vs AimFinance

Comparing Captain Cash, Eastern Loans and AimFinance on loan amount, interest rate, term, availability, funding time, funding method, repayment options, eligibility and required documents, as listed by each lender.

Captain Cash, Eastern Loans and AimFinance compared
Feature	Captain Cash Personal Loan Rated 3.3 out of 5 (12 reviews) Learn more	Eastern Loans Personal Loan Rated 3.7 out of 5 (6 reviews) Learn more	AimFinance Personal Loan Rated 5 out of 5 (2 reviews) Learn more
Loan amount	$500 – $1000	$500 – $750	$100 – $1,000
Interest rate	23%	~23%	29% – 35%
Term	90 – 150 days	3+ months	9 – 24 months
Available in	All provinces except QC	All provinces except QC	ON
Funding time	Same day	Same day if approved before 11am ET	Usually within a few hours of approval, up to 24 hours
Funding method	Direct deposit	Direct deposit	Interac e-Transfer Direct deposit (EFT)
Repayment	Customizable repayment schedule	Weekly Bi-weekly Twice monthly Monthly	Installments timed to your pay deposits Extra or full payoff in the account portal No early payout penalty
Eligibility	Canadian resident 18 years or older Monthly income of over $1200 Employed at same job for last 3 months Active bank account for at least last 3 months Few to no NSF transactions No active bankruptcy or consumer proposal	Canadian citizen, 18 or older Stable employment for at least 3 months At least $1,200 a month, paid by direct deposit Bank account open at least 3 months Not in bankruptcy or a consumer proposal	Canadian citizen or permanent resident, 18 or older At least $1,200 net a month, by direct deposit Employment, benefits or retirement income Bank account open 90+ days, with online banking Ontario residents
Requirements & documents	At least one valid phone number	Not listed	Valid mobile number, email and Canadian address Bank connection through their verification partner

Figures are as listed by each lender and can change. Check the lender's site before you apply.

Captain Cash FAQs

Does Captain Cash do a credit check?

No. Approval is based on your income and your banking activity, and no hard inquiry is placed on your credit file, so applying will not lower your score.

How much can I borrow from Captain Cash?

$500 to $1,000, repaid over 90 to 150 days in weekly, bi-weekly or monthly instalments.

How fast does Captain Cash send the money?

If you are approved before 2:30pm Eastern on a business day, the funds can reach your Canadian bank account the same day.

Which provinces does Captain Cash lend in?

Ontario, British Columbia, Alberta, Nova Scotia, New Brunswick, Prince Edward Island, Newfoundland and Labrador, Nunavut and Northwest Territories. It does not lend in Quebec, Manitoba or Saskatchewan.

Will a Captain Cash loan help my credit score?

No. Captain Cash states that it does not report to the credit bureaus, so paying on time will not build your credit history. An account passed to a collection agency may still be reported by that agency.

What happens if a payment fails?

Captain Cash charges a $45 NSF fee for a returned payment, on top of any fee your own bank charges. If you know a payment will be a problem, you can defer it with 48 hours notice for a $25 fee.

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Captain Cash 2026 Reviews, Fees & Requirements

Is Captain Cash legit?

Are You The Right Borrower For Captain Cash?

What They Offer

Installment Loan

Loan Features

Who Qualifies

What A Captain Cash Loan Costs

Other Fees

How To Apply

Alternatives Worth Checking First

Ask Your Employer For A Payroll Advance

Ask The Biller For More Time

What Customers Say

Captain Cash Pros And Cons

Captain Cash vs Eastern Loans vs AimFinance

Captain Cash FAQs

Does Captain Cash do a credit check?

How much can I borrow from Captain Cash?

How fast does Captain Cash send the money?

Which provinces does Captain Cash lend in?

Will a Captain Cash loan help my credit score?

What happens if a payment fails?

Personal Loan

Trust And Compliance

Cost And Transparency

Terms And Funding

Access And Eligibility

Customer Experience

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