Speedy Cash Canada
Borrow up to $1,500 instantly, no credit check required. Approvals in as little as 30 minutes and rates from $14–$17 per $100, depending on location.
Speedy Cash Canada offers Canadians unsecured payday loans up to $1,500, with no credit check required. Loan approval and funding can be as quick as 30 minutes, making these loans especially appealing if you need cash urgently. Interest rates and fees vary by province, typically between $14 and $17 per $100 borrowed, payable on your next payday, and the application process is straightforward.
How to Apply: Step by Step
- Choose your province and confirm loan eligibility.
- Complete the online application with basic personal and banking info.
- Upload required documents such as ID and proof of income.
- Wait for quick approval (often within 30 minutes).
- Receive funds via direct deposit or e-transfer to your bank account.
What Makes Speedy Cash Attractive?
No credit check is needed, making this suitable for people with challenged credit histories. The approval and funding speed is also high, with some applicants receiving money the same day.
It’s also accessible: online applications can be submitted 24/7, and those unable to access the internet can visit Speedy Cash stores in-person across several provinces.
Potential Downsides
Payday loans are expensive, with high interest rates resulting in costly short-term borrowing. Delays or missed payments can incur extra fees.
The maximum loan amount is capped at $1,500, which might not be adequate for larger or ongoing expenses. Repayment happens on your next payday, so this is not a long-term solution.
Our Verdict: Is Speedy Cash Worth Considering?
Speedy Cash is a convenient option for Canadians with urgent, short-term cash needs who might not qualify through banks. However, only borrow what you can repay quickly, and be mindful of overall borrowing costs.
