iCash vs LoanConnect
A detailed side-by-side comparison of two popular Canadian lenders. See how they stack up on rates, loan amounts, eligibility, and overall experience.
Side-by-Side Comparison
| Feature | iCash | LoanConnect |
|---|---|---|
| Loan Amounts | Up to $1,500 | $500 – $50,000 |
| Interest Rates | $14 per $100 borrowed (where applicable) | 6.99% – 29.99% APR (varies by partner lender) |
| Loan Terms | Up to 62 days | 6 – 60 months |
| Credit Required | No minimum credit score | All credit types accepted |
| Funding Speed | Same day (Interac e-Transfer) | As fast as same day |
| Headquarters | Montreal, Quebec | Toronto, Ontario |
| Founded | 2006 | 2014 |
| Best For | Emergency borrowers who need small amounts fast with any credit score | Borrowers who want to compare multiple offers at once |
Loan Amounts
iCash
Up to $1,500
LoanConnect
$500 – $50,000
Interest Rates
iCash
$14 per $100 borrowed (where applicable)
LoanConnect
6.99% – 29.99% APR (varies by partner lender)
Loan Terms
iCash
Up to 62 days
LoanConnect
6 – 60 months
Credit Required
iCash
No minimum credit score
LoanConnect
All credit types accepted
Funding Speed
iCash
Same day (Interac e-Transfer)
LoanConnect
As fast as same day
Headquarters
iCash
Montreal, Quebec
LoanConnect
Toronto, Ontario
Founded
iCash
2006
LoanConnect
2014
Best For
iCash
Emergency borrowers who need small amounts fast with any credit score
LoanConnect
Borrowers who want to compare multiple offers at once
Pros & Cons
iCash
Pros
- No minimum credit score requirement
- Same-day funding via Interac e-Transfer
- Simple online application — no documents needed upfront
- Trust Rating System rewards returning borrowers with higher limits
Cons
- Maximum loan amount is only $1,500
- High cost of borrowing compared to traditional loans
- Short repayment terms (up to 62 days)
LoanConnect
Pros
- Compare multiple lender offers with one application
- Soft credit check for initial comparison — no impact on score
- Wide range of loan amounts from $500 to $50,000
- Fully online process with no branch visits required
Cons
- Rates vary significantly depending on which partner lender you're matched with
- Not a direct lender — acts as a marketplace/aggregator
- Loan terms and conditions vary by individual lender
Which Lender Should You Choose?
Choose iCash if you're looking for a lender that specializes in emergency borrowers who need small amounts fast with any credit score. They offer loan amounts of Up to $1,500 with funding as fast as same day (interac e-transfer).
Choose LoanConnect if you're better described as borrowers who want to compare multiple offers at once. They offer $500 – $50,000 with all credit types accepted credit requirements.
Still unsure? Apply through 365 Loans to compare offers from both lenders and more — with no impact on your credit score.
Frequently Asked Questions
Is iCash or LoanConnect better?
It depends on your needs. iCash is rated 3.5/5 and is best for emergency borrowers who need small amounts fast with any credit score. LoanConnect is rated 4.1/5 and is best for borrowers who want to compare multiple offers at once.
Which has lower interest rates?
iCash charges $14 per $100 borrowed (where applicable), while LoanConnect charges 6.99% – 29.99% APR (varies by partner lender). Your actual rate depends on your credit profile.
Which lender funds faster?
iCash: Same day (Interac e-Transfer). LoanConnect: As fast as same day.
Other Lender Comparisons
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Compare Loan OffersEditorial Note: Our content is reviewed by financial experts for accuracy. We may receive compensation from partner lenders, which does not influence our rankings or recommendations. Read our full disclosures