Cash Money Loans Alternatives

Why consider alternatives to Cash Money?

While Cash Money serves many Canadians, you might need different terms, interest rates, or services.

Top Cash Money alternatives

There are alternatives that offer different rates, terms, and approval odds for various credit situations.

Compare smarter borrowing options that could save you money and stress.

1. KOHO

Whether your car needs surprise repairs or an unexpected bill lands in your inbox, KOHO helps bridge the gap without the steep interest rates typically charged by payday loan lenders.

Key benefits:

• Zero Interest: No matter how much we spot you, we’ll never charge you interest on your cash advance

• Guaranteed Approval: No application process, credit checks, no jumping through hoops

• Borrow up to $250: Access cash advances based on your eligibility

• Instant Access: Get your money immediately through
the KOHO app

We've designed our cash advance specifically for Canadians like you who need quick and easy financial support, offering a more affordable solution than standard payday loan options.

No hidden fees, no complicated terms.

2. Nyble

Nyble allows users to access up to $250 for their balance protection insurance.

Cost Structure: Paid Membership

Cost: $11.99/month

Payment due date: 31 days following drawdown

3. iCash

Users can get loans up to $1,500.

Cost Structure: Flat Fee

Cost: $14 per $100 borrowed

Payment due date: Next payday or up to the maximum 62-day period

4. PAY2DAY

PAY2DAY provides payday loans of up to $1,500.

Cost Structure: Flat Fee

Cost: $14 per $100 borrowed

Payment due date: Next payday

5. Woveo

Users can access a cash advance of up to $250 with a premium plan.

Cost Structure: Paid Membership

Cost: $10/month per user

Payment due date: Monthly payments over 12 months

How to choose the right alternative

When selecting a Cash Money loans alternatives, consider these factors:

1. Interest rates - Compare APRs across lenders

2. Loan amounts - Ensure they offer what you need

3. Eligibility requirements - Check credit score minimums

4. Repayment flexibility - Look for prepayment options

5. Customer service - Read reviews about support quality

6. Additional fees - Watch for origination or late payment charges

What you need before applying

To apply for these alternatives, prepare:

• Government ID

• Proof of income

• Banking information

• Address verification

• Social Insurance Number

Most online applications take less than 10 minutes, with decisions often provided within 24 hours.

Beyond traditional loans: other options

Don't overlook:

• Credit union personal loans

• Peer-to-peer lending platforms

• Line of credit

• Buy now, pay later services for smaller purchases

Money matters: choose wisely

Choosing the right loan can save you thousands in interest and fees while potentially improving your credit score.

Take time to research each option, focusing on the total cost of borrowing rather than just the monthly payment.

Remember that the best loan isn't always the one with the lowest rate—it's the one that best fits your specific financial situation and goals.

Disclaimer: Pricing and terms are based on publicly available information as of July 2nd, 2025 and are provided for comparison only. Accuracy is not guaranteed.