Referral Program
Refer friends or family and earn rewards through our Referral Program. Share your referral link, and when someone you know applies and gets approved, you both benefit.
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New Brunswick
License #18004440
24/7
Approvals
2-Minute
e-Transfer
Over 8,000 New Brunswickers
helped in 2025
Key Takeaway
Residents of Fredericton can borrow up to $1,500 at a flat $14 per $100, with the total repayment shown before signing. Decisions come back in minutes at any hour, funds move by Interac e-Transfer in roughly two minutes, and there is no penalty for repaying early.
A payday loan is a small, short-term loan covering the stretch between now and your next pay. You borrow a set amount, pay a set fee, and repay on a set date. It is not a line of credit and not an installment loan.
Anyone lending in Fredericton operates under New Brunswick's provincial rules and must be licensed by the Financial and Consumer Services Commission, known as FCNB.
The borrowing fee is $14 for every $100, a flat rate with no hidden charges, no compounding interest, and no additional fees. That is the maximum permitted anywhere in Canada, and it is the only fee charged.
The math holds at every amount. Borrow $300 and the fee is $42, so you repay $342. Borrow $500 and it is $70, for a total of $570. At the $1,500 ceiling the fee comes to $210 and the repayment to $1,710. Take whatever you borrow, add 14%, and that is the figure leaving your account on the due date.
Congratulations! Your loan is approved.
As long as you meet the following criteria, you may qualify for a payday loan with iCash
Be at least 19 years oldBe a resident of any of the provinces in which we operateShow that you have been receiving the same source of income for the past three monthsHave a total net income of at least $800/monthHave access to an online bank account, in which pre-authorized debits can be performed*Have a valid Canadian mobile phone number, address, and email address (VoIP numbers are not accepted)
*Please note that KOHO accounts do not qualify as they do not support pre-authorized debits.
Payday Loans for Government Benefits Recipients
Employment income qualifies, and so do Child Tax Benefit, CPP and private pensions, EI, workers' compensation, disability income, social assistance, and self-employment income.
It is accepted, and more often than people expect.
The thing most applicants get wrong is assuming the score is the gate. It is not. What our process actually examines is the last three months of income and how a repayment would sit against your next pay. A number summarising your financial history from several years ago tells us far less than those two things do.
So a collections account from 2022, a file too thin to generate a meaningful score, a stretch of missed payments during a rough year: none of these decide the outcome by themselves.
Returning borrowers bypass credit verification altogether.
The one thing we will not say is yes before looking. Each application gets assessed against the criteria listed above.
Refer friends or family and earn rewards through our Referral Program. Share your referral link, and when someone you know applies and gets approved, you both benefit.
Over 1 million Canadians have used iCash. See what real customers are saying on Trustpilot, where we hold a 4.7 out of 5 rating.
Apply, track your loan, and manage repayments right from your phone. Our app is rated 4.8/5 on the Apple App Store and 4.8/5 on Google Play.
Your credit score does not define your eligibility. We accept all types of credit, so a low score does not have to stand in your way.
As the provincial capital, Fredericton's economy leans on government jobs and its universities, which brings stable employment but also a large student population competing for rental housing. In-migration keeps rents climbing, and the city's $85 monthly transit pass is the highest in New Brunswick. For households already stretched by rent and commuting, an unplanned bill can easily land before payday.
Median household income in Fredericton sits at approximately $73,000 (Statistics Canada, Census Profile 2021), against a provincial median after-tax income of $65,100, roughly $10,400 below the national figure.
Average monthly rent: about $1,300
Rent-to-income ratio: roughly 21%
Renters as a share of households: around 43.4%
Unemployment rate (August 2026): 5.8%, against 7.3% province-wide and 6.4% nationally
The three New Brunswick cities diverge more than their similar sizes would suggest, and transit costs are no exception. Fredericton charges $85 a month, Saint John $83.50 after a January 2026 increase, and Moncton $73. That is a $12 monthly spread between cities of comparable size, which works out to $144 a year on a household budget that does not have much slack in it.
In 2025 alone, nearly 8,000 New Brunswickers turned to us for short-term funds.
Wherever you are across central New Brunswick, the process is identical. We also serve borrowers in Moncton and Saint John. Apply online, skip the drive, and receive your funds by Interac e-Transfer.
Earn money every time you borrow with iCash! Our unique cashback program is designed to reward you for being a loyal customer and can help you save on future loan payments. After successfully paying off your first online loan, you'll receive 4% of the cost of borrowing credited to your account. You can earn up to 12% depending on how many iCash loans you have repaid.
Have more questions? Check out our full FAQ.
