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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Ontario
License #4733142
24/7
Approvals
2-Minute
e-Transfer
Over 90,000 Ontarians
helped in 2025
Key Takeaway
Scarborough residents can access a fully online payday loan through iCash at any time, day or night. Borrow between $100 and $1,500, receive an instant decision, and get your funds by e-Transfer in minutes. Everything runs through our encrypted, secure platform.
A payday loan is a small, short-term loan meant to cover pressing expenses between pay periods. It is not a long-term credit product. It is designed for situations where you need funds quickly and can repay them on your next payday.
iCash offers loans from $100 to $1,500 based on your income and eligibility. In Ontario, these loans are repaid in a single payment on your next payday, unless you are taking out your third loan within 63 days, in which case you may qualify for more than one repayment.
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. This is the maximum rate permitted under provincial regulations in Ontario.
You will see the full cost of your loan before you sign anything. As an example, borrowing $300 means a total repayment of $342: the $300 loan plus $42 in fees. The same ratio applies at every loan amount from $100 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
iCash accepts a broad range of income sources: employment wages, self-employment income, CPP and private pensions, Employment Insurance, disability benefits, child tax benefits, and provincial programs such as ODSP (Ontario Disability Support Program).
Your first loan application includes a one-time credit check. After that, every future application is exempt from any credit check. So even if your credit history is not where you would like it to be, it does not have to prevent you from accessing short-term funds when you need them.
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.
Scarborough was once Toronto's industrial east end, and the factories that anchored its neighbourhoods have mostly been gone for a generation, leaving a district that works largely in services, health care, warehousing, and the long commute downtown. It is also one of the most newcomer-driven communities in Canada, where many households are building credit histories and careers from scratch while paying full Toronto prices for rent, transit, and groceries. With nearly half of households renting and incomes running below the city average, the gap between what Scarborough earns and what Toronto costs is one of the widest in the GTA.
On the surface, Scarborough looks more affordable than downtown Toronto. Rent is lower, groceries are comparable, and the neighbourhoods feel more spacious. But east-end affordability is relative: Scarborough households pay Toronto costs on a median income below the city average. The median household income is approximately $78,000 per year (Statistics Canada, Table 98-10-0024-01, 2021). Here is where it goes:
Rent: $1,800
Groceries: $720
Transit: $156 (monthly pass, adult)
Average consumer debt load: $21,540 (Equifax Canada, Toronto-area average)
Renters as share of households: 47.9% (Statistics Canada, 2021 Census, Toronto)
With a rent-to-income ratio of 27.69% and an unemployment rate of 7.9% (Statistics Canada, Labour Force Survey, Toronto CMA), the cost of living looks affordable compared to downtown on paper. But when a car repair or unexpected bill lands in the middle of a tight month, the margin disappears fast.
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.
