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.
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256-Bit
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British Columbia
License #67639
24/7
Approvals
2-Minute
e-Transfer
Over 32,000 British Columbians
helped in 2025
Key Takeaway
iCash lends up to $1,500 to BC residents at a flat cost of $14 per $100 borrowed. There's no credit check required on repeat loans, funds typically arrive within minutes of signing by Interac e-Transfer®, and the entire process happens online or through our app, wherever you are in the province.
A payday loan is meant to cover a short-term cash gap, not to serve as an ongoing source of income. With iCash, you can borrow from $100 to $1,500, based on your income and eligibility.
Rather than repaying everything in one lump sum, British Columbia permits up to 3 installment payments spread across a 62-day window (applicants with a monthly pay frequency are only eligible for 1 repayment term). You can find the full set of rules by checking out BC's payday loan lending rules.
The borrowing fee with iCash is $14 for every $100 borrowed, a flat rate with no hidden charges, no compounding interest, and no additional fees. It's the maximum permitted under British Columbia regulations, and it's the only fee iCash charges. You'll see the full cost before you sign anything: borrow $200, for example, and the fee comes to $28 ($14 for each $100), for a total repayment of $228. The same ratio applies at every amount from $100 to $1,500.
Congratulations! Your loan is approved.
Applying with iCash is straightforward, and eligibility requirements are the same whether you live in downtown Vancouver or right here in Richmond. Here is what you need
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
We don't limit applicants based on their income either. Whether you receive income from standard employment or government benefits like disability assistance, you can absolutely still qualify for a payday loan with us!
If your credit isn't in great shape, that's not a dealbreaker. We offer bad credit loan options in BC as well, because we believe you're more than a number. While we do conduct a credit check solely on your first loan, we won't base our lending decision on it.
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 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.
Richmond sits between Vancouver and the airport, and its housing costs track the region's high end even though local incomes run below the provincial average. The economy leans heavily on YVR, aviation, and logistics (steady work, but concentrated in a few sectors), while ongoing newcomer settlement keeps housing demand high. Richmond is also almost entirely at or below sea level and dike-dependent, so flood risk is a real long-term pressure; set against British Columbia's affordability squeeze, an unexpected bill between paycheques can be hard to absorb.
In Richmond, the median household income comes in around $79,000, below what's typical across the province (Statistics Canada, Census Profile 2021). That figure only tells part of the story, though.
Average rent in Richmond has climbed to roughly $2,050 per month, not far off Vancouver's ~$2,500 average
Groceries for an average family run about $760 per month
Richmond residents on TransLink pay $156.70 for a two-zone monthly pass to reach Vancouver, or $117.20 for a one-zone pass within the city
Average consumer debt load: $24,808 (Equifax, Q3 2025)
Renters as a share of households: 28.7% (Statistics Canada, 2021 Census)
With a rent-to-income ratio of roughly 31% and an unemployment rate of 6.2% (Statistics Canada, Labour Force Survey, Vancouver CMA), many households in Richmond 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 32,000 British Columbians turned to us 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.
