Bree is an online-only lender that provides cash advances of up to $350. Launched in 2021, it aims to provide Canadians with a low-cost way to avoid overdrafts and NSF fees.
If you’d like to explore apps or sites similar to Bree, check out our list below. Some of these providers offer higher loan amounts and instant funding 24/7, but they also charge higher interest rates.
Apply online for an interest-free line of credit of up to $250 to cover small expenses and build your credit. Get funds in 1-3 business days with a free account. For $11.99 per month, get access to premium services, including funding in 1-30 minutes, a free Equifax credit report and identity theft protection.
Easy application process
No credit checks
No interest
Can improve your credit score
Roll over your loan
Loan amount may not be enough for your needs
$11.99 per month for fast transfers and other premium perks
Loan amount
$30 – $250
APR
Starting at 0%
Term
30 days, extendable
Fees
0% interest with optional fees
Origination fee
$11.99
Turnaround time
1-30 minutes with a paid membership or 1-3 business days with a free membership.
Get a zero-interest cash advance ranging from $20 to $250 when you pay a 0% interest with a subscription fee starting at $2/month. You'll need a KOHO account to access this service.
No late fees
Zero interest
No impact to credit score
Free financial coaching available
KOHO account required
Loan amount
$20 – $250
APR
Starting at 0%
Term
Flexible
Fees
0% interest with a subscription fee starting at $2/month
High-cost payday loans are unsustainable for borrowing over a continued period of time and are expensive as a means of longer-term borrowing. If you're experiencing financial hardship call Credit Counselling Canada for free financial counselling (Monday-Friday 8:00am-5:00pm at +1 866-398-5999). You may also want to consider payday loan alternatives.Maximum borrowing costs will vary by province. Review the maximum borrowing cost for your province before entering into a loan agreement.
Payday loan apps like Bree
Note: Bree is not a payday loan, but it does have features similar to payday loans. Compare your payday loan options below.
Like Bree, iCash offers a quick, paperless application process. You can borrow up to $1,500 and get e-Transfer funding in as little as 2 minutes after approval. iCash provides payday loans, so watch out for high interest rates.
4.6/5 stars based on over 2,400 Trustpilot reviews
Wagepay is a new payday lender that launched in Canada in 2020. Like Bree, you can get 24/7 approval and funding without needing to go through a credit check. It's also cheaper than other payday loans in Canada, but it's still a very expensive option overall.
Cash Money's app offers fast approval and funding like Bree. However, Cash Money's loans are payday loans, which have higher loan amounts and higher interest rates.
4.4/5 stars based on more than 3,800 Trustpilot reviews
Instant decisions
Funding in as little as 15 minutes via Interac e-Transfer®
Established lender with A+ Better Business Bureau (BBB) rating
Not available in all provinces
High cost of borrowing
Loan amount
$100 – $1,500
APR
Varies by province
Term
5 - 40 days
Min. Turnaround time
As little as 15 minutes with INTERAC e-Transfer
How to apply
Online In Store
Credit Check
Yes
How does Bree compare?
You can read our Bree review for details, but here are the highlights:
No interest
No credit check required
No documents required
Funding in less than 2 hours for a small fee
$2.99 monthly membership fee
Free standard advances take up to 3 business days
Small loan amounts
Does not improve credit score
Which apps are most similar to Bree?
Nyble and KOHO are apps most similar to Bree. Like Bree, these apps offer small loan amounts and don’t charge any interest. Payday loan apps like Cash Money and iCash offer higher loan amounts and faster funding, but you’ll pay $14 to $17 for every $100 borrowed depending on where you live, which works out to annual percentage rates in the triple digits.
Payday loan apps vs cash advance apps like Bree
Payday loan apps like Cash Money and iCash
Cash advance apps like Bree and Nyble
Loan amount
Up to $1,500
Up to $350
Loan term
By your next payday
By your next payday, or roll over to the following months
Cost
Can be more expensive: $14 to $17 for every $100 borrowed
Can be cheaper: You pay no interest on these cash loans, but you may pay a monthly subscription fee.
Speed
Usually instant or in under 30 minutes
3 business days or instant if you pay a fee
24/7 funding
Available
Available
Eligibility
Age of majority, linked bank account, bank statements and pay stubs sometimes required
Age of majority, linked bank account
Ease of approval
Easy to get approved
Easy to get approved
Credit check
Sometimes required
Not required
Application process
Online, in-person or sometimes through an app
Through a web or mobile app
Payment method
e-Transfers
e-Transfers
Repayment method
Automatic withdrawal, cheque or in-person with cash
Apps like Bree usually don’t involve any credit checks, but lenders will still need to verify that you can pay back their loan. To get approved for loans offered by these lenders, show them that your bank account doesn’t have NSF transactions in the last 60 to 90 days and it has regular income deposits from valid sources, such as employment, government benefits and private pensions.
Bottom line
Bree is a lender in Canada that offers small loans to help you pay for unexpected bills and avoid overdrafts. It charges no interest, but there’s a $2.99 monthly membership fee. If Bree isn’t an option for you, consider apps most similar to Bree, such as Nyble or KOHO.
These apps typically max out at $350, so if you need to borrow more as soon as possible, payday loan apps are an option. You can get a payday online in less than an hour, but the price for this convenience is high interest rates.
Leanne Escobal is a publisher for Finder. She has spent over 11 years working with financial products and services, specializing in content and marketing. Leanne has completed the Canadian securities course (CSC®) as well as the personal lending and mortgages course by the Canadian Securities Institute. She has a Bachelor of Arts (Honours) in English literature and creative writing from Western University. See full bio
Find out where to apply for a $200 payday loan or cash advance when you need funds fast.
How likely would you be to recommend Finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
Advertiser Disclosure
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
