• TIME IN BUSINESS: Since 2009
  • CUSTOMERS BASE: 150,000
  • LOANS OFFERED: Payday loans, Flex Loans, Installment Loans
  • LOAN TERMS: 6 to 60 months
  • APR RATING: Up to 48.99%

Cashco Financial Review [Services & Features in 2024]

  • TIME IN BUSINESS: Since 2009
  • CUSTOMERS BASE: 150,000
  • LOANS OFFERED: Payday loans, Flex Loans, Installment Loans
  • LOAN TERMS: 6 to 60 months
  • APR RATING: Up to 48.99%

Best For

Flexible long- or short-term loans


  • Online application and E-Consent
  • No minimum income threshold
  • No need for a collateral
  • Builds credit if you pay on time


  • High interest rates
  • Affects your credit if you miss payments

What Do I Need to Know about Cashco Financial?

Cashco Financial is a Canadian financial service company founded in 2010 in Alberta. The company offers personal loans, long and short-term installment loans, check cashing, and checking and savings accounts. Cashco Financial has over 65 branches in British Columbia, Alberta, and Ontario.

Cashco Financial reviews point out that loans are available in other provinces, but only Alberta residents have access to banking services.

Flex Loans are based on your needs, and you will choose the terms of the loan yourself. You can borrow anywhere up to $7,000 for a 60-month period. This way, you can make it a long-term or a short-term loan, depending on what you need at that moment.

Cashco Financial services reviews go over:

✅ The services offered
✅ Loan application
✅ Eligibility criteria
✅ The pros and cons of getting such a loan,
✅ Customer feedback

Cashco Financial Services Overview

Banking Services

Cashco offers banking services to its clients in Alberta, such as checking and savings accounts. All banking accounts with Cashco are free of applicant fees and are accessible through ATB’s online portal, branches, and ATMs.

Cashco Financial loans reviews point out that you can also access services like credit monitoring, tax returns, money transfers, and small business loans through Cashco’s partner network.

Flex Loans

Flex Loans are flexible installment loans. So, you can choose your own terms based on whether you need long-term or short-term loans. It can be stretched anywhere up to 60 months, and you can get up to $7,000.

Skip a Payment

You are allowed to skip one payment every 6 months without penalty.

Loan Payout Program

An opportunity to pay the loan in its entirety early.

Buy Some Time

An addition to Flex Loan for a quick money injection when you are in urgent need.

Cheque Cashing

Cashco offers the service of cashing payroll, insurance, money orders, certified cheques, post-dated cheques, and personal and government checks for a fee.

Personal Loans Features

  • The expected loan amount with Cashco is up to $7,000, with a loan term of 6 to 60 months.
  • The interest is up to 48.99%, and the fees are undisclosed.
  • The monthly payment amount is flexible, and you negotiate it when applying.
  • The option of repaying the loan early and adding various other programs to your loan if needed, such as the “Buy Some Time” addition.
  • These are unsecured personal loans, and you will need no collateral.
  • If you get approved, the funds will usually be available within a day, and according to some Cashco Flex Loan reviews, sometimes within the hour.

Loan Eligibility Criteria

Cashco Financial loan requirements are straightforward. To be eligible, you must be a Canadian resident. You must also be of age in your province, own a bank account, and live at the same address for the previous three months. You will also need to provide an ID and proof of employment.

How To Apply for a Personal Loan with Cashco Financial

To apply for a loan with Cashco Financial, you will need to follow these simple steps:

Step 1:
Fill out an application online. Alternatively, call or visit a Cashco branch.

Step 2:
Provide details about the type of loan you need and your province.

Step 3:
Enter the amount of money that you wish to borrow.

Step 4:
Provide personal identification, proof of residence, home address, date of occupancy, bank account details (bank account must be active for at least 60 days), and proof of employment.

Step 5:
Agree with the licence information, charges, and fees. Review your application.

Step 6:
Wait for the confirmation.

Step 7:
Funding time is within 1 hour via direct deposit.

Pros & Cons


  • Online application and E-Consent
  • Big partner network
  • No need for a collateral
  • Builds credit if you pay on time
  • Bad credit is accepted
  • No prepayment penalty
  • No minimum income threshold


  • Banking services only available in Alberta
  • Affects your credit if you are late or miss payments
  • Cashco Financial interest rates are high
  • Possible late payment penalty fees

Privacy & Security Policy

Cashco Financial shares clients’ information with partner companies, agents, and authorized dealers for marketing purposes. You can opt out from receiving e-marketing materials through email or contacting the company directly.

Cashco privacy and security policy complies with Alberta’s Personal Information Protection Act (PIPA). Cashco Financial does access the credit bureau files of all loan applicants, which may be visible on the credit report.

Cashco Financial Reviews and Complaints

Getting the funds fast, easy and without much jumping through hoops is what users mention as the biggest positive side to Casco loans. However, there are some negative Cashco Financial user reviews regarding customer service quality.

What’s more, some users warn that at the end of the day, there’s very little difference between payday loans and flex loans. However, Cashco Financial ratings are still mostly positive.

Cashco Alternatives

Magical Credit

Cashco Financial Canada reviews find that one of the alternatives to Cashco Flex Loans are Magical Credit loans. If you need a bit more money than the $7,000 limit at Cashco, you will be able to borrow up to $20,000 depending on your profile, with terms between 6 months and 5 years. In addition, the interest rates at Magical Credit go from 19.99% to 46.80%, and you can pay your debt early with no fees.

Loan Connect

Another alternative is Loan Connect. With the only eligibility criteria being Canadian residency and the age of majority in the province in question, it’s easy to get this loan. The amounts range from $500 to $50,000. Again, you will get an answer right away. The funds will be available in 24 hours, even if you have bad credit or previous bankruptcy.

Wrap Up

The biggest advantage to Cashco loans is the accessibility, Cashco Financial reviews agree. The instant financial relief you will get even if you have bad credit is the main advantage of this loan. If the banks can’t provide you with the services and funds you need, Cashco Financial can do so with its flexible long- or short-term loans.

And that’s not all:

You will be able to pick your own loan terms. However, with the interest rate going up to 48.99%, which is admittedly high, you should choose wisely. Regular payments will benefit your credit score, but late or missed ones will affect it, too.


What is Cashco Financial?

Cashco Financial is a loan provider from Edmonton, Alberta, offering long and short-term installment loans, cheque cashing, and chequing and savings accounts. Your credit does not need to be good to get a loan approved. And if you are in a bind without other means of getting funds, you can apply easily and fast online, by telephone, or in one of the Casco branches.

Is Cashco Financial legit?

Casco Financial is a legit and safe loan provider with over 150,000 clients and over 20 years in business. 

Does Cashco do credit checks?

Yes. Cashco Financial does soft credit checks, which will appear on your credit report. However, the company does not do hard credit checks.

Does Cashco do payday loans?

Cashco Financial offers payday loans and flex term loans from $250 up to $7,000, with   6 to 60 months loan terms.

Is Cashco Financial safe?

Cashco Financial reviews show the company is considered to be safe and legit and trusted by the clients. However, you still have to take note that the rates are high and assess your options to be sure you will be able to repay the loan.


Having spent 7+ years immersed in content marketing, Anastasija has written on any topic you can think of! The industries and companies she's been a part of have shifted her idea about novelty and new challenges - in Canada and overseas. She always strives to go out of her comfort zone and learn about new topics that grow on her. Tech and AI are among these things. Writing about these two topics, I’ve caught myself passionately learning about all the ways that technology can impact and help humanity. And with changes happening continually, you have to be actively involved to stay up to date.