Icash.ca Reviews

Based on looking at the website, icash.ca appears to be an online platform offering short-term, high-interest loans, specifically payday loans, in Canada. These types of financial products, characterized by interest riba, are explicitly forbidden in Islam. While they may seem to offer quick solutions to financial difficulties, they often lead to a cycle of debt, which is contrary to the principles of financial well-being and responsibility emphasized in Islamic teachings. We must always seek halal alternatives and avoid any involvement with interest-based transactions.

The allure of instant cash can be strong, especially when facing urgent expenses.

However, engaging with interest-based loans, like those offered by icash.ca, fundamentally goes against the core tenets of Islamic finance.

The Quran explicitly prohibits riba, viewing it as an oppressive practice that exploits those in need.

Such transactions may provide temporary relief but almost always result in a heavier burden in the long run, pulling individuals further into financial distress rather than liberating them.

A true solution to financial hardship lies in seeking out ethical, interest-free alternatives that promote economic justice and personal responsibility.

Find detailed reviews on Trustpilot, Reddit, and BBB.org, for software products you can also check Producthunt.

IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.

icash.ca Review & First Look: A Critical Perspective

Based on checking the website, icash.ca positions itself as a rapid provider of online short-term loans, primarily payday loans, across Canada.

They highlight features like “instant automated approval” and “e-Transfer in 2 minutes.” While the site emphasizes convenience and speed, from an Islamic financial perspective, the very nature of their service—lending money with an interest charge—makes it impermissible.

The website proudly displays metrics like “2.7 Million online loans issued since 2016” and “over half a million customers,” which might suggest widespread usage.

However, for a community committed to ethical financial practices, these numbers represent a widespread engagement with riba.

• Speed and Accessibility: The website states, “Get approved instantly for up to $1,500, 24/7, from across Canada. E-Transfers are sent within minutes of signing up.” This focus on immediacy is a common characteristic of payday lenders, designed to appeal to individuals facing urgent cash needs.
• “No Documents Required”: icash.ca claims a streamlined application process, stating, “Our online loan application is streamlined. We have all the tools to automatically evaluate your application without asking for any documents.” This simplification often attracts borrowers who may not qualify for conventional, interest-free financing due to strict eligibility criteria.
• Customer Testimonials and Ratings: The site showcases a “4.9 out of 5 rating for online loans in Canada” and mentions having served “over half a million customers since 2016.” While these might be presented as indicators of satisfaction, they do not negate the fundamental issue of interest-based transactions.
• Cashback Program: icash.ca advertises “Get up to 12% cashback* when you repay your loans.” While framed as a benefit, this is still part of an interest-bearing loan structure. Cashback in this context might subtly encourage repeated borrowing, further entrenching individuals in debt.

From a Sharia-compliant standpoint, the entire premise of icash.ca’s business model is problematic.

The website’s design and messaging are geared towards normalizing and simplifying access to interest-bearing loans, which are considered exploitative. The “fastest & fairest” claim is subjective.

What might be fast is certainly not fair when it involves riba.

icash.ca Cons: The Real Costs of Interest-Based Borrowing

When evaluating icash.ca, especially from an ethical and Islamic finance perspective, the “cons” heavily outweigh any perceived convenience.

The fundamental issue lies in the interest riba charged on their loans.

While the website mentions “no hidden fees,” it explicitly states “all the interest and fees involved in your short-term loan are displayed in a clear and understandable manner.” This transparency about interest does not, however, make the practice permissible. Soakandscrub.co.uk Reviews

The very mechanism of a payday loan, designed for short-term, high-cost borrowing, carries inherent risks that can be financially devastating.

• High-Interest Rates Riba: The primary concern is the interest charged. Payday loans are notorious for their extremely high Annual Percentage Rates APRs, which can trap borrowers in a cycle of debt. While specific APRs aren’t prominently displayed on the homepage, the nature of a “short-term loan” up to $1,500 with multiple payments strongly suggests significant interest accumulation. For instance, in Ontario, the maximum cost of borrowing for a payday loan is $15 for every $100 borrowed. This translates to an annual interest rate of 391% on a two-week loan, which is astronomically high and clearly falls under riba.
• Debt Cycle Risk: The ease of access and the short repayment periods often lead borrowers to take out new loans to repay old ones, creating a perpetual debt trap. Data from the Financial Consumer Agency of Canada shows that many payday loan users end up taking out multiple loans throughout the year. For example, a 2016 study found that nearly 80% of payday loan users take out another loan within 30 days of paying off a previous one.
• Exacerbating Financial Hardship: While presented as a solution for financial emergencies, payday loans often worsen the situation for those already struggling. The website states they help “take care of whatever expenses life throws at you,” but the high cost of borrowing can quickly erode any perceived benefit.
• Focus on Instant Gratification over Sustainable Solutions: The emphasis on “Instant loans” and “E-Transfer in 2 minutes” promotes a culture of instant gratification rather than encouraging responsible financial planning, budgeting, or seeking long-term, sustainable solutions to financial needs.
• Lack of Financial Resilience Building: Instead of offering resources or pathways to improve one’s financial literacy and build resilience, icash.ca provides a quick fix that doesn’t address underlying financial issues. While they mention a “Personal Finance Hub,” the core offering is still an interest-based loan.
• Potential for Over-borrowing: The ability to “customize your instant loan” up to $1,500 might tempt individuals to borrow more than they can comfortably afford to repay, especially given the rapid approval process and minimal documentation.

In essence, while icash.ca markets itself as a convenient solution, its reliance on interest-based loans makes it a financially unsound and ethically problematic choice, leading to potential hardship for the borrower rather than genuine financial stability.

icash.ca Alternatives: Embracing Halal Financial Solutions

Given the impermissible nature of interest-based loans offered by icash.ca, it becomes crucial to explore and champion halal alternatives for managing financial needs.

Islamic finance provides a framework that prioritizes ethical conduct, fairness, and mutual assistance, steering clear of riba interest and speculative practices.

These alternatives offer not only a permissible pathway but also often more sustainable and supportive solutions for individuals facing financial challenges.

• Qard Hasan Benevolent Loan: This is a fundamental concept in Islamic finance, representing an interest-free loan extended out of goodwill. The borrower repays only the principal amount.
  • How it works: Often provided by individuals, family members, friends, or community organizations and mosques.
  • Benefits: No interest, fosters community solidarity, and avoids debt traps.
  • Practical Application: If you’re in need, reach out to trusted individuals or community groups. Many mosques have benevolent loan programs or charity funds for those in genuine need.
• Zakat and Sadaqah: For those in extreme hardship, Zakat obligatory charity for eligible Muslims and Sadaqah voluntary charity are vital lifelines.
  • How it works: Zakat funds are specifically disbursed to those who are eligible according to Islamic law e.g., the poor, the needy, those in debt. Sadaqah can be given by anyone to anyone in need.
  • Benefits: Direct financial assistance without repayment obligation, fulfills a religious duty, and purifies wealth.
  • Practical Application: Contact local Islamic charities, Zakat committees, or your mosque. They often have processes in place to assess needs and distribute funds.
• Takaful Islamic Insurance: For protection against unforeseen financial burdens like car repairs or medical emergencies, Takaful offers a Sharia-compliant alternative to conventional interest-based insurance.
  • How it works: Participants contribute to a common fund, and money from this fund is used to pay claims. It’s based on mutual cooperation and shared responsibility, without interest or excessive uncertainty.
  • Benefits: Ethical protection against risks, community-based support, and avoids riba.
  • Practical Application: Research Takaful providers in Canada. While fewer options might exist compared to conventional insurance, their availability is growing.
• Ethical Microfinance Institutions MFI: While not always purely Islamic, some ethical MFIs focus on providing small loans or financial services to low-income individuals without exploitative interest rates.
  • How it works: They aim for social impact alongside financial sustainability, often providing training and support.
  • Benefits: Access to finance for those underserved by traditional banks, potentially lower costs than payday loans.
  • Practical Application: Look for community development financial institutions CDFIs or non-profit lenders that operate with a strong social mission.
• Community Support and Bartering: For specific needs, sometimes direct community support or bartering services can provide a solution without money changing hands.
  • How it works: Trading skills, goods, or services directly with others in your community.
  • Benefits: Builds community ties, reduces reliance on monetary transactions, and avoids debt.
  • Practical Application: Explore local community groups, online forums, or even neighborhood message boards for opportunities to exchange services or items.
• Budgeting and Financial Planning: While not a direct alternative for immediate cash, sound financial planning is the most sustainable long-term solution to avoid recurring financial crises.
  • How it works: Create a detailed budget, track expenses, save for emergencies, and live within your means.
  • Benefits: Financial independence, reduced stress, and ability to save for future goals.
  • Practical Application: Utilize budgeting apps, financial literacy resources many mosques or Islamic centers offer these, or seek advice from a halal financial advisor.
• Government Assistance Programs: Canada offers various government programs designed to assist individuals facing financial difficulties, including employment insurance, social assistance, and various benefits.
  • How it works: These programs provide direct support based on eligibility criteria, without the burden of interest.
  • Benefits: Non-interest based support, designed to help citizens maintain basic living standards.
  • Practical Application: Research federal and provincial government websites for programs like the Canada Child Benefit, Employment Insurance, or provincial social assistance programs.

Choosing these halal alternatives not only aligns with one’s faith but also promotes financial health and community well-being, fostering a system of mutual support rather than exploitation.

How to Avoid the Need for Short-Term Loans

The best way to avoid the entanglement of interest-based short-term loans, like those offered by icash.ca, is to build a robust financial foundation that negates the perceived “need” for them.

This involves proactive planning, disciplined execution, and a mindset focused on long-term stability rather than immediate, costly fixes.

From an Islamic perspective, this aligns with the principles of self-reliance, prudent management of resources, and avoiding extravagance.

1. Build an Emergency Fund

This is arguably the most critical step. Walbrook.ac.uk Reviews

An emergency fund acts as a financial buffer for unexpected expenses, preventing the need to resort to high-interest loans.

• Target Amount: Aim for 3 to 6 months’ worth of essential living expenses. While this might seem daunting, start small. Even $500 to $1,000 can cover many minor emergencies.
• Automate Savings: Set up an automatic transfer from your checking account to a separate savings account every payday. “Out of sight, out of mind” makes it easier to save consistently.
• Cut Discretionary Spending: Identify areas where you can reduce spending temporarily to boost your emergency fund. This could include dining out less, postponing non-essential purchases, or cancelling unused subscriptions.
• Example: If your essential monthly expenses are $2,000, aim for an emergency fund of $6,000 to $12,000. Start by saving $50-$100 per week, and in a year, you could have over $2,500.

2. Create and Stick to a Realistic Budget

A budget is your financial roadmap, showing you where your money goes and helping you allocate it effectively.

• Track Everything: For at least a month, meticulously track every dollar you spend. Many free apps like Mint, YNAB, or even a simple spreadsheet can help.
• Categorize Expenses: Group your spending into categories: housing, food, transportation, utilities, debt payments, personal care, and discretionary spending.
• Allocate Funds: Assign a specific amount of money to each category for the month. Be realistic about what you can afford.
• Review Regularly: Life changes, and so should your budget. Review it monthly or quarterly to ensure it still aligns with your income and goals.
• The 50/30/20 Rule: A popular budgeting guideline suggests:
  • 50% for Needs housing, groceries, utilities, transportation
  • 30% for Wants dining out, entertainment, hobbies
  • 20% for Savings & Debt Repayment emergency fund, retirement, paying down high-interest debt
  • Source: Elizabeth Warren’s “All Your Worth: The Ultimate Lifetime Money Plan”

3. Reduce and Eliminate Debt

High-interest debt like credit card debt can be a significant drain on your finances and a precursor to needing short-term loans.

• Prioritize High-Interest Debt: Focus on paying off debts with the highest interest rates first. This saves you the most money in the long run.
• Debt Snowball or Avalanche:
  • Snowball: Pay off the smallest debt first, then roll that payment into the next smallest. Motivates with quick wins.
  • Avalanche: Pay off the debt with the highest interest rate first. Saves the most money.
• Negotiate Lower Rates: Call your creditors and ask for a lower interest rate. You might be surprised by their willingness to cooperate.
• Example: A 2023 survey by Equifax Canada showed that the average non-mortgage debt per consumer in Canada was over $21,000. Eliminating this burden frees up significant cash flow.

4. Increase Your Income Streams

If budgeting and saving aren’t enough, consider ways to boost your income, even temporarily.

• Side Hustles: Explore opportunities like freelancing, online tutoring, delivery services, or selling crafts.
• Overtime at Work: If your job allows, pick up extra hours to earn more.
• Sell Unused Items: Declutter your home and sell items you no longer need on platforms like Facebook Marketplace, Kijiji, or local consignment shops.

5. Seek Financial Literacy Resources

Knowledge is power when it comes to money.

• Read Books and Blogs: There are countless resources on personal finance, budgeting, and debt management.
• Attend Workshops: Many community centers, libraries, or non-profit organizations offer free financial literacy workshops.
• Consult a Halal Financial Advisor: For personalized, Sharia-compliant advice, seek out an advisor specializing in Islamic finance.

By implementing these strategies, individuals can build a strong financial defense, reducing the reliance on exploitative interest-based products and achieving true financial independence.

icash.ca Pricing: Unpacking the Cost of Short-Term Loans

While icash.ca emphasizes transparency regarding fees, the fundamental issue from an Islamic perspective remains the interest riba charged on their loans. The website explicitly states, “we make sure all the interest and fees involved in your short-term loan are displayed in a clear and understandable manner.” However, understanding the true cost of a payday loan, even with transparency, is crucial, as these costs are disproportionately high compared to conventional loans and contribute significantly to debt cycles.

• Cost of Borrowing: Payday loan regulations vary by province in Canada, but they are consistently expensive. For example:
  • Ontario: Max cost is $14 per $100 borrowed. For a 14-day loan, this translates to an Annual Percentage Rate APR of approximately 365%.
  • British Columbia: Max cost is $15 per $100 borrowed.
  • Alberta: Max cost is $15 per $100 borrowed.
  • Source: Provincial Payday Loan Regulations, Financial Consumer Agency of Canada FCAC
• Illustrative Example: If you borrow $500 from icash.ca for a two-week period in Ontario:
  • Cost of borrowing: $14/$100 * 5 = $70
  • Total repayment: $500 principal + $70 cost = $570
  • If this $500 loan is repaid over one month two payment cycles, assuming two separate loans or renewals, the cost could double to $140, making the total repayment $640.
• “Cashback” Program: icash.ca advertises “Get up to 12% cashback* when you repay your loans.” While superficially attractive, this “cashback” is a small rebate on the cost of borrowing a high-interest loan. It functions more as an incentive for repeated borrowing rather than a genuine cost reduction. For example, if you pay $70 in interest on a $500 loan, 12% cashback would only be $8.40, a negligible amount compared to the total interest paid. This encourages continued engagement with an impermissible financial product.
• Repayment Terms: The website allows users to “customize your instant loan” by selecting the amount $100-$1,500 and “Number of payments” 1, 2, or 3. While offering multiple payments might seem flexible, it extends the period over which interest accrues, potentially leading to a higher overall cost for the borrower. Payday loans are inherently designed for short durations, and extending them typically means incurring more interest charges.
• Lack of APR Transparency on Homepage: While icash.ca states transparency, the actual APR or cost per $100 borrowed is not immediately visible on the main page. This requires deeper navigation or initiation of an application, which can mask the true, high cost to a casual browser. This contrasts sharply with regulated disclosures for other financial products.
• The Hidden Cost of Stress and Debt: Beyond the direct monetary charges, the true cost of payday loans includes the psychological burden of debt, stress, and the potential for a spiraling financial situation. These are intangible but very real costs that often accompany reliance on such high-interest products.

In summary, the “pricing” of icash.ca’s loans, while potentially transparent in its stated fees, is fundamentally problematic due to the high-interest rates that define payday lending.

For an ethical consumer, the cost is not merely financial but also spiritual and societal, rooted in the impermissibility of riba.

How to Cancel icash.ca “Subscription” or Stop Future Loans

While icash.ca doesn’t operate on a traditional “subscription” model in the sense of recurring monthly fees for a service, its nature as a lender means you might be looking to stop future loan applications, manage existing repayments, or ensure you’re not automatically approved for subsequent loans. Shrekfeet.com Reviews

The key is to manage your financial commitments responsibly and sever ties with interest-based lending, aligning with ethical financial practices.

• Understanding Repayment Obligations First:
  • Your primary concern should be repaying any outstanding loan balance according to your agreement. Defaulting on a loan, even an interest-based one, carries severe consequences like damage to your credit score, collections efforts, and potential legal action.
  • icash.ca states, “You can also choose to repay your loan early without any penalties.” This is a crucial point to leverage if you can gather the funds to settle the loan principle as soon as possible.
• Stopping Future Loan Applications and Engagement:

1. Complete All Outstanding Loan Repayments

• Verify Your Balance: Log into your icash.ca account or contact their customer service to get an exact payoff amount.
• Make Final Payment: Ensure all principal and any contractually agreed-upon interest even if regrettable from an Islamic perspective is paid off. Obtain proof of payment and a confirmation that your account balance is zero.
• Avoid Renewal or Rollover: If you’re nearing your repayment date, do not opt for any “rollover” or “renewal” options, as these will incur more interest and extend your debt.

2. Remove Payment Information

• Delete Stored Bank Details: If possible within your icash.ca account settings, remove any stored bank account or debit card information that might be used for future automatic withdrawals or simplified re-applications. If you cannot do this directly, you may need to contact customer support.
• Monitor Your Bank Account: Keep a close eye on your bank statements for several weeks after your final payment to ensure no unauthorized or unexpected debits occur.

3. Contact icash.ca Customer Support

• Request Account Closure if applicable: While not a “subscription” in the traditional sense, you can formally request that your account be marked as inactive or closed to prevent any future automated offers or simplified loan access.
  • The website states: “Need help with your online loan? Get in touch with our support team via phone or sms.”
  • Phone: Look for a contact number on their “Contact us” or “Help” pages.
  • Email/SMS: Use the provided email address or SMS number to send a written request.
• Clearly State Your Intent: Inform them that you no longer wish to utilize their services and would like to ensure no further loan offers or applications are initiated.
• Keep Records: Document the date, time, and content of your communication, and the name of the representative if speaking by phone.

4. Self-Exclusion if available or necessary

• While more common with gambling platforms, some lenders offer a self-exclusion option to prevent future borrowing for a set period. Inquire if icash.ca has such a mechanism.
• Block Communications: If they continue to send promotional emails or SMS, proactively block their email address and phone number to avoid temptations.

5. Focus on Building Halal Financial Resilience

• The most effective way to stop engaging with interest-based loans is to eliminate the need for them. Revisit strategies for building an emergency fund, budgeting, and exploring halal financial alternatives Qard Hasan, Zakat, etc..
• Educate Yourself: Continuously deepen your understanding of Islamic finance principles to strengthen your resolve against impermissible transactions.

By taking these proactive steps, you can effectively disengage from icash.ca’s services and commit to a financial path that aligns with Islamic teachings, prioritizing long-term well-being over fleeting, interest-laden solutions.

icash.ca vs. Halal Financial Practices: A Fundamental Divergence

Comparing icash.ca to halal financial practices reveals a fundamental and irreconcilable divergence.

While icash.ca operates within the conventional financial system, offering instant, high-interest loans payday loans, Islamic finance is built upon principles that explicitly prohibit interest riba and emphasize ethical conduct, risk-sharing, and social justice.

The differences are not merely superficial but lie at the very core of their operational philosophies.

icash.ca Conventional Interest-Based Lending

• Core Principle: Interest Riba: The primary mechanism for generating profit is charging interest on borrowed money. This is explicitly prohibited in Islam, regardless of the rate.
  • Data Point: Payday loans, like those offered by icash.ca, often have APRs in the hundreds of percentage points e.g., 365% in Ontario for a two-week loan, far exceeding any ethical threshold.
• Risk Transfer: On the Borrower: The burden of risk falls almost entirely on the borrower. The lender makes a profit regardless of the borrower’s financial outcome, provided the loan is repaid.
• Debt Generation: The model is designed to facilitate borrowing, often leading to a cycle of debt, especially with high-cost short-term loans.
  • Statistic: A 2016 study by the Financial Consumer Agency of Canada found that 43% of payday loan borrowers in Canada took out a new loan within 30 days of repaying a previous one, indicating a dependency.
• Focus: Profit Maximization: While services like “cashback” are advertised, the overarching goal is maximizing financial returns through interest charges and transaction volumes.
• Social Impact: Potentially Negative: Can exacerbate financial hardship for vulnerable populations, leading to increased stress, bankruptcy, and social inequality.
• Underlying Philosophy: Transactional and Extractive: Money is treated as a commodity that can “earn” more money simply by being lent, without any real economic activity or risk-sharing.

Halal Financial Practices Islamic Finance

• Core Principle: Prohibition of Riba: All forms of interest fixed or variable are forbidden. Financial transactions must be based on real assets, services, or shared risk.
  • Alternative: Instead of loans, Islamic finance uses structures like Murabaha cost-plus financing, Ijarah leasing, Musharakah partnership, Mudarabah profit-sharing partnership, and Qard Hasan benevolent loan.
• Risk Sharing: Between Parties: Profit and loss are shared. If a venture financed by an Islamic financial instrument faces losses, the financier also bears a portion of the risk.
• Wealth Circulation and Justice: Aims to promote equitable distribution of wealth, discourage hoarding, and ensure that wealth circulates in the economy through productive means.
• Focus: Ethical Profit and Social Responsibility: Profit is legitimate only if it arises from permissible activities and is earned through fair means, contributing to the well-being of society.
• Social Impact: Positive and Supportive: Encourages mutual assistance, charitable giving Zakat, Sadaqah, and supports productive economic activities that benefit the community.
• Underlying Philosophy: Asset-Backed and Participatory: Money is seen as a medium of exchange, not an asset that generates returns on its own. Returns must come from legitimate trade, investment, or service provision.

Key Divergences in Practice:

Feature	icash.ca	Halal Financial Practices
Loan Type	Short-term, high-interest payday loans	Qard Hasan interest-free benevolent loans, Murabaha
Profit Source	Interest Riba	Profit from trade, rent, shared venture, service fees
Risk Bearing	Borrower bears almost all risk	Risk shared between parties
Ethical Stance	Conventional, profit-driven	Guided by Sharia principles, social justice
Goal	Immediate cash solution with high cost	Sustainable financial well-being, avoiding debt

In conclusion, icash.ca operates on a model fundamentally opposed to Islamic financial principles.

While it offers speed and convenience, these come at the spiritual and financial cost of engaging in riba.

For those committed to an ethical financial path, seeking interest-free alternatives is not just a preference but a necessity.

Frequently Asked Questions

What is icash.ca?

Based on looking at the website, icash.ca is an online lender in Canada that provides short-term, high-interest loans, primarily known as payday loans, through a quick online application and e-Transfer process.

Are icash.ca loans permissible in Islam?

No, icash.ca loans are not permissible in Islam because they are interest-based riba, which is explicitly forbidden in Islamic finance. Radonova.se Reviews

How much can I borrow from icash.ca?

Based on the website, you can borrow instantly up to $1,500 from icash.ca.

How quickly does icash.ca send funds?

Icash.ca claims that e-Transfers are sent within 2 minutes of signing the loan agreement, 24/7.

What are the eligibility requirements for an icash.ca loan?

Based on the website, requirements include being at least 18 or 19 in some provinces, a resident of an operating province, having the same income source for three months with a net income of at least $800/month, access to an online bank account, and a valid Canadian mobile number, address, and email.

Does icash.ca check your credit score?

Yes, icash.ca offers a free credit score check service powered by Equifax, but they also state they don’t see a bad credit score as a deterrent for loan approval, focusing on current repayment ability.

Can I get an icash.ca loan with bad credit?

Yes, based on the website, icash.ca states they offer bad credit loans and focus on your current ability to repay the loan rather than your past credit history.

What is the “cashback” program offered by icash.ca?

Icash.ca offers up to 12% cashback on the cost of borrowing for every fully repaid loan, which is presented as a benefit, but it’s still part of an interest-bearing loan structure.

How many payments can I make for an icash.ca loan?

Based on the website, you can choose to make 1, 2, or 3 payments for your icash.ca loan.

Can I repay my icash.ca loan early?

Yes, icash.ca states that you can choose to repay your loan early without any penalties.

What are the alternatives to interest-based loans for Muslims?

Better alternatives include Qard Hasan benevolent loans, Zakat and Sadaqah charity, ethical microfinance institutions, and government assistance programs.

How can I avoid needing short-term loans?

You can avoid needing short-term loans by building an emergency fund, creating and sticking to a realistic budget, reducing and eliminating existing debt, and exploring ways to increase your income. Newyorker.com Reviews

Is icash.ca regulated in Canada?

Yes, icash.ca operates under provincial regulations for short-term loans in Canada, which dictate maximum borrowing costs per province.

Can I apply for an icash.ca loan using a mobile app?

Yes, icash.ca has a mobile app available on the App Store and Google Play Store for applying and managing loans.

Does icash.ca sell my data to third parties?

No, icash.ca explicitly states that they do not sell your data to any third parties and use advanced security measures to protect your information.

What is the maximum amount of payday loans I can have at once in Canada?

In Canada, you can generally only have one payday loan at a time from reputable lenders, including icash.ca, due to regulations.

What should I do if I have an outstanding icash.ca loan?

You should prioritize repaying the outstanding principal amount as quickly as possible to minimize any accrued interest and avoid further debt or negative financial consequences.

How can I contact icash.ca customer support?

Icash.ca’s website indicates that their support team can be reached via phone or SMS for assistance with online loans.

Does icash.ca offer financial advice?

The website mentions “complimentary member benefits” like “financial advice” and a “Personal Finance Hub” to access free resources about budgeting.

What is the general sentiment of icash.ca reviews online?

While icash.ca highlights positive internal reviews and high ratings on platforms like Trustpilot, the broader sentiment for payday lenders often involves criticism due to high costs and potential for debt cycles.

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