LoanConnect 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 | LoanConnect | iCash |
|---|---|---|
| Loan Amounts | $500 – $50,000 | Up to $1,500 |
| Interest Rates | 6.99% – 29.99% APR (varies by partner lender) | $14 per $100 borrowed (where applicable) |
| Loan Terms | 6 – 60 months | Up to 62 days |
| Credit Required | All credit types accepted | No minimum credit score |
| Funding Speed | As fast as same day | Same day (Interac e-Transfer) |
| Headquarters | Toronto, Ontario | Montreal, Quebec |
| Founded | 2014 | 2006 |
| Best For | Borrowers who want to compare multiple offers at once | Emergency borrowers who need small amounts fast with any credit score |
Loan Amounts
LoanConnect
$500 – $50,000
iCash
Up to $1,500
Interest Rates
LoanConnect
6.99% – 29.99% APR (varies by partner lender)
iCash
$14 per $100 borrowed (where applicable)
Loan Terms
LoanConnect
6 – 60 months
iCash
Up to 62 days
Credit Required
LoanConnect
All credit types accepted
iCash
No minimum credit score
Funding Speed
LoanConnect
As fast as same day
iCash
Same day (Interac e-Transfer)
Headquarters
LoanConnect
Toronto, Ontario
iCash
Montreal, Quebec
Founded
LoanConnect
2014
iCash
2006
Best For
LoanConnect
Borrowers who want to compare multiple offers at once
iCash
Emergency borrowers who need small amounts fast with any credit score
Pros & Cons
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
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 LoanConnect if you're looking for a lender that specializes in borrowers who want to compare multiple offers at once. They offer loan amounts of $500 – $50,000 with funding as fast as as fast as same day.
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 LoanConnect or iCash better?
It depends on your needs. LoanConnect is rated 4.1/5 and is best for borrowers who want to compare multiple offers at once. 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?
LoanConnect charges 6.99% – 29.99% APR (varies by partner lender), while iCash charges $14 per $100 borrowed (where applicable). Your actual rate depends on your credit profile.
Which lender funds faster?
LoanConnect: As fast as same day. iCash: Same day (Interac e-Transfer).
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