Cashback Rewards
Earn up to 12% cashback on the cost of borrowing as a repeat customer, a benefit you will not find with cash advance apps or in-store payday loan providers.
Menu
256-Bit
SSL Secured
Ontario
License #4733142
24/7
Approvals
2-Minute
e-Transfer
Over 90,000 Ontarians
helped in 2025
Key Takeaway
iCash offers Kitchener residents a fully online payday loan experience, available 24/7. Borrow $100 to $1,500, get an instant decision, and receive funds by e-Transfer in minutes through our secure, encrypted platform.
A payday loan is a short-term borrowing option designed to help cover urgent expenses until your next paycheque. With iCash, you can borrow between $100 and $1,500, depending on your income and eligibility. In Ontario, payday loans are repaid in a single payment on your next payday. The exception is if you are taking out your third loan within 63 days, in which case you may be eligible for more than one repayment.
iCash charges a flat borrowing fee of $14 for every $100 borrowed. This is the maximum allowable rate under provincial regulations in Ontario.
The cost of your loan is calculated upfront before you sign your contract, so you will always know exactly what you owe. For example, if you borrow $300, your total repayment would be $342. That is $300 for the loan itself plus $42 in borrowing fees. The fee scales proportionally regardless of the amount you borrow, from $100 up to $1,500.
Congratulations! Your loan is approved.
To apply for a payday loan with iCash, you need to meet the following requirements
Be at least 18 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 ODSP Recipients
We accept a wide range of income types, including employment wages, self-employment income, CPP and private pensions, Employment Insurance, disability income, child tax benefits, and provincial programs like ODSP (Ontario Disability Support Program).
iCash only conducts a credit check on your first loan application. All subsequent loan applications are exempt from any credit check. Even if your credit score is lower than you would like, you may still qualify based on your income and basic eligibility.
Earn up to 12% cashback on the cost of borrowing as a repeat customer, a benefit you will not find with cash advance apps or in-store payday loan providers.
Refer friends or family and earn rewards through the iCash 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 iCash holds 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. iCash accepts all types of credit, so a low score does not have to stand in your way.
Kitchener sits at the heart of a region that reinvented itself after BlackBerry's decline, building one of Canada's densest tech corridors and inheriting the volatility that comes with it, as recent rounds of tech and AI-sector corrections have shown. The city's older manufacturing base has meanwhile continued to shrink, narrowing options for workers outside the tech economy. Add a rental market that tightens every September as students return to Conestoga College and the nearby Waterloo universities, and many Kitchener households are squeezed between tech-driven housing costs and a paycheque that has nothing to do with tech.
The median household income in Kitchener is approximately $88,000 per year (Statistics Canada, Table 98-10-0024-01, 2021). That figure might look manageable on paper, but in practice, most of it is accounted for before it even hits the bank. Here is what a typical month looks like for a Kitchener household:
Rent: $1,600
Groceries: $700
Transit: $104 (monthly pass, adult)
Average consumer debt load: $22,955 (Equifax Canada, Ontario average)
Renters as share of households: about 39% (Statistics Canada, 2021 Census)
With a rent-to-income ratio of 21.82% and an unemployment rate of 9.1% (Statistics Canada, Labour Force Survey, Kitchener-Cambridge-Waterloo CMA), many Kitchener households are operating with very little room between what they earn and what they owe each month. When an unexpected expense lands between paycheques, even a few hundred dollars can make the difference between staying on track and falling behind.
In 2025 alone, more than 90,000 Ontarians turned to iCash for short-term funds.
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.
