{“menuItems”:[{“label”:”5 lenders like Advance America”,”anchorName”:”#5-lenders-like-advance-america”},{“label”:”Alternative for fast payday loans: iCASH”,”anchorName”:”#icash”},{“label”:”Alternative for both in-store & online options: Cash Money”,”anchorName”:”#cash-money”},{“label”:”Alternative for pay advance apps: Nyble”,”anchorName”:”#nyble”},{“label”:”Alternative for no-fee pay advances: Bree”,”anchorName”:”#bree”},{“label”:”Alternative for payday loan app: PAY2DAY”,”anchorName”:”#pay2day”},{“label”:”How Advance America compares”,”anchorName”:”#how-advance-america-compares”},{“label”:”Alternatives to payday loans”,”anchorName”:”#alternatives-to-payday-loans”}]}If you’ve come across Advance America and are wondering if there are any Canadian-based alternative lenders, you have options. It’s also important to comparison shop before deciding on a lender so you don’t end up spending more than you need to. Here’s a look at loans like Advance America that you can find in Canada.5 lenders like Advance AmericaAlternative for fast payday loans: iCASHAlternative for both in-store & online options: Cash MoneyAlternative for pay advance apps: NybleAlternative for no-fee pay advance apps: BreeAlternative for payday loan apps: PAY2DAY
⚠️ Warning: Be cautious with payday loans
Payday loans are expensive. If you’re experiencing financial hardship call Credit Counselling Canada for free financial counselling (Monday-Friday 8:00am-5:00pm at +1 866-398-5999). Consider payday loan alternatives:
Visit 211.ca. A free and confidential service that connects you to organizations that can help with finances, food, housing and more.
Debt relief companies. There are services to help you reduce your debt payments.
Payment extensions. Talk with bill providers about longer payment plans or due-date extensions.
Side jobs. Sell unwanted items online, sign up for food delivery and more.
Alternative for fast payday loans: iCASH
iCASH Payday Loan
$100 – $1,500
Loan amount
7 – 62 days
Loan Term
2 minutes
Min. Turnaround Time
iCASH is one of the fastest payday lenders in Canada. It features an automated 24/7 instant approval process, 24/7 customer support and delivers loan funds within minutes via e-Transfer. You can apply and get the cash transferred to your account any time, day or night.
24/7 application, 24/7 approval, 24/7 customer support
Accepts many types of income including employment insurance, child tax, ODSP, AISH, provincial disability, CPP, OAS and social assistance
Very expensive
Short repayment terms
Only available in AB, BC, MB, NB, NS, ON, PEI
Loan amount
$100 – $1,500
APR
Varies by province
Term
7 – 62 days
Min. Turnaround time
As little as 2 minutes with INTERAC e-Transfer
How to apply
OnlineIn Store
Credit Check
Yes
Alternative for both in-store & online options: Cash Money
Cash Money Payday Loan
$100 – $1,500
Loan amount
5 – 40 days
Loan Term
15 minutes
Min. Turnaround Time
Cash Money accepts many recurring sources of income, including CPP, child tax credit, unemployment, disability, so you don’t necessarily need to be employed to get approved. It also has over 140 store locations in provinces across Canada, so you have the option to go in store for your loan too. And if you’re looking for other types of loans like Advance America offers, Cash Money also offers installment loans.
Apply online, in-store or over the phone
Get an instant decision
Receive funds quickly: As little as 15 minutes with INTERAC e-Transfer
Very expensive
Very short repayment terms, typically by your next payday
Only available in BC, NL, NS, ON, SK
Doesn’t accept social assistance in Manitoba
Loan amount
$100 – $1,500
APR
Varies by province
Term
5 – 40 days
Min. Turnaround time
As little as 15 minutes with INTERAC e-Transfer
How to apply
OnlineIn Store
Credit Check
Yes
Alternative for pay advance apps: Nyble
Nyble
$30 – $150
Loan amount
N/A
Loan Term
30 minutes
Min. Turnaround Time
Nyble is a cash advance app that provides access to a small short-term loans. Nyble charges a $4.99 – $7.99 membership fee per month to sign up. You can get a loan between $30 and $150. If you’re approved, the funds will be transferred to your bank account within 3 business days, although you have the option to pay a fee of $2.99–$5.99 to receive the money within 30 minutes.
Borrow up to $150 at 0% interest
14-day trial period (then you pay a monthly fee)
You can borrow more over time (up to $500 for repeat borrowers)
No credit check required
Not a payday loan
Membership fee of $4.99 – $7.99 per month
Small loan amounts only
Fee for instant loan transfers
Loan amount
$30 – $150
APR
$4.99 – $7.99 per month
Term
Min. Turnaround time
Within minutes if you pay a fee of $2.99–$5.99 or within three business days if you don’t want to pay a fee.
Credit Check
Yes
Alternative for no-fee pay advances: Bree
Bree
$10 – $150
Loan amount
N/A
Loan Term
N/A
Min. Turnaround Time
Bree offers small interest-free cash advances with no fee to apply and with a 0% interest rate, with the option to leave a tip if you can afford it. You can borrow between $10 and $150 at one time. Loan funds can be transferred within 3 days for standard delivery, or within 8 hours with express delivery for a small fee.
Borrow up to $150 at interest
No fees to apply
You choose your repayment date
No credit check required
Not a payday loan
You can only borrow small amounts
Fee for faster loan transfers
Loan amount
$10 – $150
APR
0%
Term
Credit Check
Yes
Alternative for payday loan app: PAY2DAY
PAY2DAY Loans
$300 – $1,500
Loan amount
Up to 62 days
Loan Term
60 minutes
Min. Turnaround Time
Like other payday loan lenders in Canada, PAY2DAY offers convenient, fast pay advance loans up to $1,500. You also have the option to download the PAY2DAY app to apply quickly from anywhere on your mobile phone or tablet. You can speed up your application by validating your personal information through instant bank verification.
You can apply have funds transferred 24/7
Quick funds transfer: Within 1-2 hours via e-Transfer once approved
Accepts varying types of income like EI, retirement income
An expensive loan option
Short repayment terms
Only available in ON, BC, NS
Loan amount
$300 – $1,500
APR
Varies by province
Term
Up to 62 days
Min. Turnaround time
Within 1-2 hours via e-Transfer once approved
Credit Check
Yes
Maximum borrowing costs of payday loans per province
Always refer to your contract for exact repayment amounts and costs as they may vary from our results.
Province
Maximum allowable cost of borrowing
Alberta, British Columbia, New Brunswick, Ontario & PEI
$15 per $100 borrowed
Manitoba, Saskatchewan & Nova Scotia
$17 per $100 borrowed
Newfoundland and Labrador
$14 per $100 borrowed
Northwest Territories, Nunavut & the Yukon
Up to $60 per $100 borrowed
Quebec
Limit of 35% annual interest rate (AIR)
How Advance America comparesAdvance America charges high interest rates and may be more pricey than other options like personal loans and cash apps. Here are the main pros and cons of this lender.ProsPayday loans as small as $50Sometimes offers online title loansOffers a convenient online calculator to understand loan costsConsAPRs run highFaced previous lawsuitsAlternatives to payday loansPayday loans like Advance America offers, while convenient, may not be the best option if you’re looking to save money on interest and get out of debt.Did you know?A $300 payday loan can typically cost between $342 and $351, depending on where you live.The APR on a payday loan can easily hit over 300%.The percentage of Canadians who used an online lender or payday loan to manage their daily expenses increased from 1.42% in August of 2020 to 4.52% in September in 2022.Some cash advance apps don’t charge interest and personal loans may be a more affordable option to high interest payday loans. Compare the top cash advance apps and personal loan providers for bad credit to see if these alternatives can save you money.
