Cash advance have emerged as welcome alternatives to traditional payday loans, offering quick access to funds without the hefty fees.
New cash advance apps like KOHO, help users track their credit scores, check their credit history, and tap into small lines of credit when needed. This can be particularly valuable for newcomers to Canada or anyone focused on strengthening their credit profile while occasionally needing a financial boost.
Nyble isn't the only option out there. The market offers several similar apps with various features and benefits that might better suit your specific needs. Let's explore eight alternative cash advance apps to help you make an informed choice about which financial tool works best for your situation.
8 Alternatives to Nyble
1. KOHO
Need a quick financial cushion without the hassle? KOHO Cover offers instant cash advances up to $250—perfect for those unexpected expenses that just can't wait. Getting started is refreshingly simple with no credit checks required, which means you can qualify regardless of your credit history. The best part? You won't pay a single cent in interest on what you borrow, and you can repay your advance whenever you're ready.
Of course, there's always a cost to convenience. While it doesn't charge interest, you will need to factor in both the monthly KOHO Cover subscription fee and your KOHO account fee (though the latter can be waived depending on your plan). For smaller, short-term needs, this can still be more affordable than traditional lending options.
Pros
Zero interest means what you borrow is what you repay
No credit checks, making it accessible to almost everyone
No income requirements to qualify—a rare find in lending
Money hits your account instantly when you need it
Flexible repayment with no set schedule or due dates
2. Bree
Looking for a cash boost without the strings attached? Bree lets you borrow up to $350 completely interest-free with no mandatory fees—a refreshing approach in the world of cash advances.
You can choose between standard transfers that take a couple of days or speed things up with instant transfers for a small fee (perfect for those "I need it yesterday" moments).
Pros
True 0% interest with no hidden late fees to surprise you later
No credit check means no impact on your credit score
If a payment bounces, you won't get hit with NSF fees
Cons
The $350 maximum might not cover larger emergency expenses
You'll pay extra for instant transfers (though the standard 3-day option is free)
3. iCash
When financial emergencies strike at inconvenient hours (as they often do), iCash positions itself as Ontario's round-the-clock solution for quick funds. This digital payday lender offers loan decisions through either their website or mobile app, with e-Transfer funding that can hit your account within minutes of approval.
They accept various forms of income beyond standard employment, making their loans accessible to Ontarians with different financial situations.
Pros
Truly rapid funding—money can arrive within minutes via e-Transfer
Accepts diverse income sources beyond traditional employment
User-friendly mobile app makes the process smooth
Cons
Extremely high cost of borrowing compared to most alternatives
Short repayment terms that can create debt cycles if you're not careful
Not a sustainable solution for ongoing financial challenges
4. GoDay
When you're in a financial pinch, GoDay offers both payday loans up to $1,500 and larger installment loans reaching $15,000. Their completely online application skips the paperwork hassle—no scanning documents or faxing forms required.
First-time borrowers should note the initial $500 limit, which increases with successful repayments.
Pros
Lightning-fast funding—as quick as 2 minutes in some cases
Accepts multiple government benefits and pension income types
Flexible deposit options via e-Transfer or direct deposit
Cons
Extremely high interest rates make this one of the costliest borrowing options
Short repayment windows can create debt cycles if you can't repay on time
$500 cap for first-time users might not cover larger emergency expenses
5. Cash Money
When you need cash quickly and your options are limited, Cash Money brings the weight of one of Canada's largest payday lending networks to the table. Their brick-and-mortar presence across the country is complemented by an online platform offering quick approvals and same-day funding.
Getting started with Cash Money is straightforward—you'll need to be 18 or older, have some form of recurring income landing in your bank account, and maintain an active chequing account.
Pros
Flexible loan amounts from $100 to $1,500 to match your needs
Works with various income types beyond traditional employment
Credit score isn't a deal-breaker for approval
Established reputation as one of Canada's largest payday lenders
Cons
Extraordinarily high interest rates that can lead to debt cycles
Repayment terms are typically tied to your next payday, giving little flexibility
Can quickly become an expensive habit if used repeatedly
6. PAY2DAY
When your bank account is running on fumes and you're still days away from payday, PAY2DAY positions itself as the always-open solution to your cash crunch.
Their standout feature is literally in the name—they operate on a 24/7 model, offering loan approvals, customer support, and funding without taking breaks for weekends or holidays.
Pros
No credit check removes a major barrier for many borrowers
Customer support available around the clock if issues arise
Quick funding when every minute counts
Cons
Extraordinarily high borrowing costs compared to almost any other type of loan
Short repayment terms typically tied to your next payday
Can create a debt trap if you're unable to repay on the due date
7. Loan Express
Looking for emergency funds with minimal eligibility requirements? Loan Express provides instant payday loans with an inclusive approach to income verification.
Unlike many lenders, they accept non-employment income sources including CPP, private pensions, Canada Child Benefit, and disability payments.
Pros
No credit check required, making it accessible for those with poor credit history
Inclusive acceptance of various income sources beyond traditional employment
Cons
Employment Insurance (EI) is not accepted as valid income
Limited repayment flexibility with short terms only
Customer support isn't available around the clock
Extremely high interest rates make this an expensive option that should only be considered as a last resort
8. Money Mart
Need funds quickly despite credit challenges? Money Mart has been a familiar name in Canadian short-term lending for decades, offering both installment and payday loan options for those who might struggle to qualify elsewhere.
Pros
Versatile lending options including both payday loans for immediate needs and installment loans for larger expenses
Quick application process with same-day funding possibilities
Long-standing reputation as an established financial service provider across Canada
Cons
Significantly higher interest rates compared to traditional banking options
Service availability varies by province—what's offered online versus in-store locations differs depending on your region
Can become expensive if loans are extended or renewed