LendDirect vs iCash
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 | LendDirect | iCash |
|---|---|---|
| Loan Amounts | $200 – $1,500 | Up to $1,500 |
| Interest Rates | $15 per $100 borrowed (where applicable) | $14 per $100 borrowed (where applicable) |
| Loan Terms | Up to next payday or installments up to 62 days | Up to 62 days |
| Credit Required | No minimum credit score | No minimum credit score |
| Funding Speed | Same day (Interac e-Transfer) | Same day (Interac e-Transfer) |
| Headquarters | Victoria, British Columbia | Montreal, Quebec |
| Founded | 2013 | 2006 |
| Best For | Emergency borrowers who need fast access to small amounts before payday | Emergency borrowers who need small amounts fast with any credit score |
Loan Amounts
LendDirect
$200 – $1,500
iCash
Up to $1,500
Interest Rates
LendDirect
$15 per $100 borrowed (where applicable)
iCash
$14 per $100 borrowed (where applicable)
Loan Terms
LendDirect
Up to next payday or installments up to 62 days
iCash
Up to 62 days
Credit Required
LendDirect
No minimum credit score
iCash
No minimum credit score
Funding Speed
LendDirect
Same day (Interac e-Transfer)
iCash
Same day (Interac e-Transfer)
Headquarters
LendDirect
Victoria, British Columbia
iCash
Montreal, Quebec
Founded
LendDirect
2013
iCash
2006
Best For
LendDirect
Emergency borrowers who need fast access to small amounts before payday
iCash
Emergency borrowers who need small amounts fast with any credit score
Pros & Cons
LendDirect
Pros
- No minimum credit score required
- Same-day funding via Interac e-Transfer
- Simple online application — no paperwork required
- Licensed and regulated in multiple provinces
Cons
- Maximum loan amount of $1,500
- High cost of borrowing compared to personal loans
- Short repayment period (up to next payday)
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)
Which Lender Should You Choose?
Choose LendDirect if you're looking for a lender that specializes in emergency borrowers who need fast access to small amounts before payday. They offer loan amounts of $200 – $1,500 with funding as fast as same day (interac e-transfer).
Choose iCash if you're better described as emergency borrowers who need small amounts fast with any credit score. They offer Up to $1,500 with no minimum credit score 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 LendDirect or iCash better?
It depends on your needs. LendDirect is rated 3.4/5 and is best for emergency borrowers who need fast access to small amounts before payday. iCash is rated 3.5/5 and is best for emergency borrowers who need small amounts fast with any credit score.
Which has lower interest rates?
LendDirect charges $15 per $100 borrowed (where applicable), while iCash charges $14 per $100 borrowed (where applicable). Your actual rate depends on your credit profile.
Which lender funds faster?
LendDirect: Same day (Interac e-Transfer). iCash: Same day (Interac e-Transfer).
Other Lender Comparisons
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