Struggling to make ends meet between paycheques? Payday loan apps offer quick and easy access to small sums of money. You can apply any time, from anywhere via the app, even if you have bad credit.
Here’s what you need to know about the best payday loan apps in Canada, including what apps are available, how to qualify, and which apps offer the fastest access to cash.
Best Payday Loan Apps In Canada
A payday loan is a short-term loan that offers up to $1,500. Payment is generally due by your next paycheque, but it can be spread over up to 62 days. With a payday loan app, you can quickly and easily apply, often without a credit check.
Here, we highlight some of the best payday loan apps to check out in Canada.
iCash Payday Loan App
iCash has been offering instant payday loans to Canadians since 2014. They are a fully licensed lender and members of the Canadian Consumer Finance Association (CCFA). This means the company follows all provincial laws and regulations for payday lenders.
With the iCash payday loan app, you can apply online in minutes and borrow up to $1,500 anytime, day or night.
iCash Loan Details
| iCash App | App Store Google Play |
| Loan Amount | $100 to $1,500 |
| Repayment | Over 1, 2, or 3 installments |
| Funding speed | If approved, funds are sent instantly (within 2 minutes) via e-Transfer |
| Eligibility | – Be a resident and be of the age of majority within the province iCash operates. – Have a consistent income source for the past three months – Have a minimum net monthly income of $800 – Have an active Canadian bank account – Have a valid mobile phone, email address, and home address |
How To Apply For A Payday Loan Via The iCash App
- Download the iCash payday loan app and create an account.
- Start the application process and enter the amount you want to borrow, plus other personal and financial details.
- If approved, you can e-sign your loan agreement to start the transfer. Funds will be transferred to you via e-transfer.
Money Mart Payday Loan App
With Money Mart, you can access installment loans, cash advance loans, and money transfers. Verification of your application is complete in minutes if you choose the Express method, or three to five days if you choose the Standard method. Your loan is electronically deposited in your account, and your payment is due on your next payday, following the day your loan is approved.
Money Mart Loan Details
| Money Mart Mobile™ App | Google Play App Store |
| Loan Amount | $120 to $1,500 |
| Repayment | Next payday |
| Funding Speed | Minutes to days |
| Eligibility | – At least 18 years old (age of majority in your province) – Have valid identification – Have a chequing account- Have a steady source of income – Manitoba residents must provide proof of income for the most recent pay period and full prior month |
How To Apply For A Payday Loan Via The Money Mart App:
- Download the Mobile Mart app
- Sign in or create an account
- Connect to your bank
- Choose your loan
- Get approved within minutes
If you’re a new customer, you might have to provide additional documentation by uploading it to your account or by email. Documents may include:
- Pay stub for proof of income
- Bank statement to show a qualifying source of income and bank account number
- Blank, void-cheque, or pre-authorized debit form
- Valid government identification
Cash Money Payday Loan App
Cash Money has been in business for 33 years. The company offers lines of credit, auto equity loans, and payday loans. Complete an application in minutes and get an immediate decision. If approved, get your money in as little as 15 minutes through e-Transfer or through direct deposit to your bank.
Cash Money Loan Details
| Cash Money App | App Store Google Play |
| Loan Amount | Up to $1,500 |
| Repayment | Next payday |
| Funding Speed | As little as 15 minutes, once approved |
| Qualification Criteria | – Age 18 or older – Valid identification – Active chequing account – Steady source of income – Working phone number, current email address |
How To Apply For A Payday Loan Via The Cash Money App
You cannot apply for a loan via the Cash Money app; however, you can manage your existing loans. The Cash Money app allows you to:
- Manage payments and accounts
- Get notifications
- Access customer service
Note: You can apply for a payday loan with Cash Money online via desktop or mobile.
Pay2Day Payday Loan App
Pay2Day is a fully licensed Canadian payday lender. With the Pay2Day payday loan app, you can apply online 24/7 with no credit check and, if approved, you can expect your money within one to two hours.
| Pay2Day Payday Loan App | App Store |
| Loan Amount | Up to $1,500 (maximum advance is 50% of your net pay) |
| Repayment | Up to 31 days |
| Funding Speed | e-Transfer within 1-2 hours after approval |
| Eligibility | – Age 18 or older – Bank account – Access to online banking – Employment income |
How To Apply For A Payday Loan Via The Pay2day App
The Pay2day loan app allows users to apply for and manage their loans. Users can view their account balance, check their due dates and make payments. You can also view special offers and update your profile.
When you download the free Pay2Day App, you can apply by:
- Register for an account
- Complete application
- If approved, receive funds through e-transfer
Wagepay Payday Loan App
Wagepay was founded in 2020 in Australia and opened its Canadian arm in 2024 in British Columbia. Today, the company has expanded into Ontario, with plans to open in additional provinces. Wagepay is 100% online, through its website or app. With Wagepay, you can borrow 25% of your pay as a new customer. As you build a relationship, you can borrow up to $1,500. A great feature of Wagepay is that it doesn’t charge any late or NSF fees.
| Wagepay App | Google Play App Store |
| Loan Amount | $100 – $1,500 (up to 25% of your pay as a new customer) |
| Repayment | Up to 31 days |
| Funding Speed | Instantly, through Interact payment, once approved |
| Eligibility | – 18 years old – Live and work in Canada – Employed and receive regular, consistent income (at least $400 per week) – Must have enough income in your account each pay cycle to repay your advance – Good banking history (used to determine Wagepay score). |
How To Apply For A Payday Loan Via The WagePay App
- Download the app via the App Store or Google Play
- Create an account. You’ll need to provide your personal and contact information, such as name, address, email and phone number.
- Next, connect your bank. This is required for instant bank verification.
- If approved, you’ll receive funds via e-transfer.
Lenditt Payday Loan App
Lenditt is a fintech company that offers emergency payday loans and instant personal loans in Ontario. Emergency payday loans range from $250 to $1,500, and you have up to 62 days to pay it back.
| Lenditt App | Google Play App Store |
| Loan Amount | $250 – $1,500 |
| Repayment | Up to 62 days |
| Funding Speed | Once approved, receive money instantly (within minutes) |
| Eligibility | – Canadian citizenship holder – Between 21 to 64 years old – Hold a salaried position with adequate income – Valid identification – Bank statement showing three months of employment history – Chequing or savings account |
How To Apply For A Payday Loan Via The Lenditt App
- Download app via the App Store or Google Play and create an account.
- Once signed in, check eligibility. If you are eligible, you can begin the application process.
- You’ll need to provide your banking details and certain documentation such as your ID and bank statements or pay stubs.
- Next, you can select the loan offer that best suits you.
- Once approved, you’ll receive your payment.
Which Payday Loan App Offers Instant Cash?
If you encounter an emergency and need money immediately, there are several payday loan apps offering instant access to cash after approval, including iCash, Wagepay, and Lenditt.
For example, iCash offers instant approval, and your loan is e-transferred as soon as you’re approved. With Wagepay, the application takes three minutes and, if approved, your advance is instant through Interac payment. Once approved with Lenditt, you will receive your money within minutes.
Benefits Of Payday Loan Apps
The top benefits associated with payday loan apps include:
- Convenience. By downloading an app, you can get quick access to cash at any time and from anywhere.
- Fast approvals and funding. There’s no need to wait days for a loan with the fastest apps offering instant approvals and instant funding.
- No need for physical documentation. Gone are the days of delivering paper documents. With most cash advance apps, the entire process is completed online with digital verification of your bank and identity.
Other Apps To Get Access To Instant Cash
Payday loans aren’t the only way to access cash quickly. There are other apps that give you immediate access to money, without the high interest rates and fees.
- Bree. With Bree, get access to a $500 cash advance with no interest, no fees, and no credit check to apply. You pay back your loan when you receive your next paycheque. Money is deposited into your chequing account in a couple of days, or even a few minutes (if you’re willing to pay a small fee). If you want to show your appreciation, you can provide an optional tip.
- Nyble. Offers a zero-interest line of credit ranging from $30 to $250. You can use a Nyble line of credit to help establish or build your credit rating, requiring no prior credit file or deposit. Your payments are automatically reported to the credit bureaus each month. On-time payments can help you boost your credit.
What To Consider Before Using A Payday Loan App
Before taking out a payday loan, make sure you have a plan to pay it back. Payday loans charge high interest rates and fees, making it easy to fall into a cycle of debt if you miss a payment.
Consider if you have any other borrowing options before taking on a payday loan, such as asking for a pay advance from your employer, getting a loan from a family member or friend, or taking out a cash advance on your credit card.
Bottom Line
There are many payday loan apps offering fast and easy access to cash. But this convenience comes at a cost. Payday loans are an expensive way to borrow money compared to other options like a personal loan or line of credit. It’s a good idea to weigh the pros and cons of a payday loan before moving forward.
