Express Cash
Get up to $1,500 deposited same day, no credit check needed. Benefit from fast approval, flexible repayment, competitive 24% APR, and fully online application.
Express Cash offers a straightforward and accessible loan option for Canadians needing funds quickly. Borrowers can apply for loans from $250 to $1,500 with a transparent 24% APR and repayment terms ranging from 61 to 120 days. There are no credit checks, and funds are often sent the same day approval is granted.
Applicants must be legal Canadian residents over 18, with a stable direct deposit income of up to $1,200 per month and a bank account in Canada. Self-employed individuals, those on social assistance, and certain forms of non-traditional income aren’t eligible.
How to Apply for an Express Cash Loan
- Choose your desired loan amount (from $250 to $1,500)
- Complete the easy online application
- Use Instant Bank Verification for fast, paperless approval
- Receive a quick decision (typically within minutes)
- Get funds by e-transfer on the same day if approved
Pros of Express Cash
One significant advantage is speed: you get a lending decision in minutes and fast funding, so it’s ideal when emergencies strike. The process does not require a credit check, which is perfect for borrowers with less-than-perfect credit or new credit histories.
Flexible payment plans and clear terms ensure you can repay on time, without surprises. There’s also no paperwork required—everything is convenient and online, enhancing your experience.
Cons of Express Cash
The most notable downside is eligibility restrictions—if your income isn’t via direct deposit, or if you’re self-employed or on government assistance, you can’t apply. Additionally, while the 24% APR is within legal limits, it may still be high for some borrowers.
Only certain Canadian banks and income types are accepted, limiting access for some users. Loan amounts may not be enough for larger emergencies, but suitable for many everyday short-term needs.
Verdict
Express Cash suits borrowers needing funds in a hurry, especially if traditional lenders aren’t available due to credit challenges. The quick decision, same-day deposit, and friendly online process make it a standout among fast loan options in Canada. While it’s not for everyone, it’s a valuable solution for those who qualify and want a seamless borrowing experience.
