SITEMAP
Canada’s most accessible loans
1.
Apply online
Complete our simple online application with your personal information, choose your loan amount and repayment plan. The process is straightforward and secure.
2.
Get a decision
We'll review your application and inform you of your qualification status. If approved, you'll receive your loan terms and electronic contract to review and sign.
3.
Receive funds
Once your contract is signed, your loan funds will be transferred to your account via e-transfer, typically within the same business day.
WHAT'S THE BEST LOAN FOR YOU?
Apply for a short-term loan from the comfort of your home. Our assessment process helps determine your eligibility based on your financial situation. Licensed and regulated lending services.
Safe & Secure
Completely confidential and secure, guaranteed! We use the same high security standards like the banks.
Expert Support
Our support staff. Always ready and available to answer any questions that you may have to ensure you get the loan you need.
No Hidden Fees
Our lending process has no hidden fees. What you see is what you get. That’s our promise as fully compliant licensed lenders under provincial law and regulation.
Flexibility
Your interest fee is unchanged, whether it’s better for you to pay in 1, 2 or 3 equal repayments.
Transparent
Our lending process has no hidden fees. What you see is what you get. That’s our promise as fully compliant licensed lenders under provincial law and regulation.
Fast
Quick application process with same-day decisions. You'll receive your loan terms and repayment schedule of 1, 2 or 3 installments based on your needs.
Licensed Short-Term Loans
Borrow up to $1,500 from a licensed and regulated lender. Simple online application with flexible repayment options. Same-day e-transfer available.
We do things differently
My Online Cash is a provider of short-term loans to help Canadians get on with their lives, when financial uncertainty arises. We provide safe and quick access to the funds that really make a difference in people’s lives.
Our fast, easy, transparent and secure lending practices allow you to get your life back on track, when unexpected expenses arise. When you need some help getting over a current financial challenge, we’re there to help.
Short-term loans are high-cost loans. Loan amounts depend on net pay and other qualifying
requirements. Repayment terms: 62-180 days.
Example: A $500 loan over 90 days at 32% APR would cost $39.45 in interest, with total repayment of $539.45.
British Columbia Residents: The maximum fee allowed for a short-term loan in BC is 14% of the
principal. We charge $14 per $100 borrowed. For example, a $300 loan over 62
days has a total borrowing cost of $42, requiring repayment of $342, with an
APR of 82.45%
Manitoba Residents: The maximum allowable charge is 14% of the principal. We charge
$14 per $100 loaned. Example: A $300 loan for 62 days costs $42 to borrow, with
total repayment of $342 and an APR of 82.45%. Contact Manitoba Consumer Protection
Office at 1-204-945-3800 or visit gov.mb.ca/cp/cpo.
Nova Scotia Residents: Cost of borrowing is $14.00 per $100 on a $300 loan for 62
days (82.45% APR).
Ontario Residents: Maximum cost is $14 per $100 borrowed. We charge $14 per
$100. A $500 loan for 90 days costs $70 to borrow, with total repayment of
$570 and an APR of 56.89%.
Saskatchewan Residents: Maximum cost is $14 per $100 borrowed. We charge $14 per
$100. A $300 loan for 62 days costs $42 to borrow, with total repayment of
$342 and an APR of 82.45%.
| Borrowed Amount | Period | Monthly Interest | Total Interest | Total Payback Amount | APR |
|---|---|---|---|---|---|
| $10,000 | 3 months | $291.67 | $875.00 | $10,873.00 | 35% |
| $20,000 | 3 months | $500.00 | $1,500.00 | $21,500.00 | 30% |
| $50,000 | 6 months | $1,041.67 | $6,250.00 | $56,246.00 | 25% |
| $100,000 | 6 months | $1,666.67 | $10,000.00 | $110,000.00 | 20% |