What is a Cash Advance?

A cash advance is a small, short-term loan you repay on your next payday. In Canada, a cash advance is another name for a payday loan. You borrow up to $1,500, depending on your province and income, and pay one set fee. Many people use one to cover a bill when payday feels far away.

How Does a Cash Advance Work?

Here is what to expect when you get a cash advance from Speedy Cash:

• Borrow $100 to $1,500, based on your province and income.
• Repay the balance on your next paycheque. Alberta customers have the option of scheduled payments instead.
• In most cases, funding is available within 30 minutes after approval.

Is a Cash Advance the Same as a Payday Loan?

Yes. In Canada, a cash advance and a payday loan are two names for the same thing. Both describe a short-term loan tied to your next paycheque. Your province sets the cost and rules either way.

Can I Get a Cash Advance with Less-than-Perfect Credit?

Yes, you are welcome to apply. Speedy Cash Canada does not run a traditional credit score check. The review focuses on your income and your ability to repay. Read more about loan eligibility and what lenders look for.

Where Can I Get a Cash Advance in Canada?

Apply online if you live in Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, or Saskatchewan. Customers in Alberta, British Columbia, Nova Scotia, and Saskatchewan also have stores nearby. If approved in store, you leave with cash in hand. Approved online funds arrive by Interac e-Transfer or Instant Debit Card Funding.

Summary

A cash advance gives you a simple way to cover a short-term gap before payday. Amounts, costs, and eligibility vary by province, so check your province page first. If you are exploring your options, you can apply for a payday loan online or visit a nearby Speedy Cash store.