Nyble vs Bree vs KOHO

Nyble, Bree and KOHO all offer interest-free cash advances to Canadians. These small, short-term loans provide funds you can use to cover unexpected expenses and avoid bank account NSF fees.

But which is the best cash advance provider? To find out, we’ve compared Nyble vs Bree vs KOHO head to head.

Nyble vs Bree vs KOHO overview

	Nyble	Bree	KOHO
Loan amount	$30 – $250	$20 – $350	$20 – $250
Loan term	30 days, extendable, rollovers allowed	Next pay cycle (65 days max)	Flexible
Free advance available	Yes	Yes	No
Monthly fee	$11.99 for instant advances and other perks	$2.99 monthly membership fee, extra fee for instant advances (varies based on amount)	KOHO Cover monthly fee starts at $2 KOHO plan fee may also apply
Interest rate	0%	0%	0%
Speed	Instant approval available, instant funding available for a fee (otherwise up to 3 business days)	Instant approval available, instant funding available for a fee (otherwise up to 3 business days)	Instant approval and funding
24/7 funding	Yes	Yes	Yes
Eligibility	Age of majority, linked bank account	Age of majority, linked bank account	Age of majority
Income requirements	Must receive direct deposit income of more than $1,000	Must receive recurring income as direct deposit on consistent dates	None
Ease of approval	Easy to get approved	Easy to get approved	Easy to get approved
Credit check	Not required	Not required	Not required
Application process	Online, Android and iOS app	Online	Online, Android and iOS app
	Go to siteRead review	Go to siteRead review	Go to siteRead review

Nyble vs Bree vs KOHO: Which is the best?

So is Nyble, Bree or KOHO the best cash advance app? It all depends on what features you value most when getting a short-term loan.

Best for cheap advances: Nyble

• Fee-free advances available. Nyble allows you to access fee-free cash advances. But if you want instant access to funds, a fee applies.
• No interest. Nyble doesn’t charge any interest on the money you borrow (neither does Bree, if you’re looking for an alternative).

Nyble

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Bree

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Best for high amounts: Bree

• Borrow up to $350. Bree provides cash advance amounts up to $100 more than KOHO and $200 more than Nyble.

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Best for credit building: Nyble

• Improves your credit score. Nyble reports on-time payments to the credit bureau, allowing you to increase your credit score.
• No credit needed. You don’t need any prior credit history to access a cash advance from Nyble.
• Premium perks. Premium Nyble members can also get full access to their credit report.

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Best for flexible repayments: Nyble or KOHO

• Flexible repayment options. Nyble allows you to roll over your loan to the following month, while KOHO Cover allows you to make repayments any time.

Nyble

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KOHO

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How do cash advance apps work?

Cash advance apps offer fast access to short-term loans of around $20 to $350. These advances are interest-free and are designed to help you cover essential expenses and get through to your next payday.

There are no credit checks needed to apply, so bad credit or a limited credit history won’t stop you getting funded. Depending on the provider, you may need to pay a small fee to access instant transfers rather than waiting up to three business days to receive your cash. Some providers charge an ongoing monthly membership fee.

How do I qualify?

The eligibility requirements for cash advances vary between providers. As a general rule, you’ll need to:

• Be the age of majority in your province or territory
• Have a valid Canadian bank account
• Have a regular source of income

Check with your chosen cash advance provider before applying to ensure you’re eligible.

Bottom line

Nyble, Bree and KOHO Cover all offer easy access to small cash advances. Nyble offers the cheapest advances, Bree offers the largest loan amounts and Nyble is the top pick if you want to improve your credit score. If you’re looking for flexible repayments, Nyble and KOHO have you covered.

Compare Nyble vs Bree vs KOHO relative to your specific financial needs to decide which one is right for you.

Related: Cash advance apps in Canada

Frequently asked questions

• How do I repay a cash advance?

  Typically, repayments are automatically deducted from your bank account on the due date. Let your provider know in advance if you need more time, assuming extensions are allowed.

• How does KOHO Cover work?

  KOHO Cover provides easy access to an interest-free cash advance of up to $250 for KOHO plan members. You can sign up for Cover through the KOHO app and there are no credit checks, but there's a monthly subscription fee and you may also need to pay a KOHO plan fee. Read our full KOHO Cover review for more details.

• How much can I get with a Bree cash advance?

  Bree offers interest-free cash advances ranging from $20 to $350. You can apply online in minutes and there are no credit checks, but you'll need to pay a $2.99 monthly membership fee plus and extra fee if you want instant transfers. Check out our full Bree review to find out more.

• How does Nyble work?

  Nyble provides access to a cash advance of up to $250. There are no interest charges and it's easy to apply. Plus, Nyble reports your payments to Canada's credit bureaus, which can help improve your credit score. However, you'll need to pay an ongoing monthly membership fee if you want instant access to funds. Check out our full Nyble review for more details.

• What is similar to Bree and Nyble?

  KOHO Cover is a similar cash advance service to Bree and Nyble. It provides interest-free cash advances of up to $250 to help you cover unexpected expenses. There are no credit checks to apply, and you can repay the money at any time. However, you'll need to pay a monthly KOHO Cover fee, while an extra subscription fee may also apply, depending on the KOHO plan you choose.