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Online loans that accept BC disability income

Find out where you can apply online for payday, installment and auto title loans as a BC disability assistance recipient.


Cash Money Payday Loan

Cash Money Payday Loan logo
  • Accepts BC disability income
  • Borrow from $100 - $1,500
  • APR varies by province
Go to site

Are you looking to use your BC disability income to take out a loan? Finding a lender willing to accept your disability benefits as income is your first step to getting financing.

Types of disability loans in BC

Some lenders see regular disability payouts as proof that you can pay back what you borrow. There are generally 3 options for disability loans in BC that you can potentially qualify for if you’re receiving disability assistance as a British Columbia resident:

  1. Payday loans
  2. Installment loans
  3. Auto title loans

1. Payday loans while on disability in BC

There are PWD payday loans available to those who receive regular disability payments, like BC’s disability assistance. You can either choose to visit a payday loan store or simply go online for the loan. Keep in mind that not all payday loan lenders in BC accept disability income as a valid source of income. To help narrow down your options we’ve curated a list of payday loan lenders below who accept BC disability income.

⚠️ Warning: Be cautious with payday loans
Payday loans are expensive. 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). Consider payday loan alternatives:
  • Visit A free and confidential service that connects you to organizations that can help with finances, food, housing and more.
  • Debt relief companies. There are services to help you reduce your debt payments.
  • Payment extensions. Talk with bill providers about longer payment plans or due-date extensions.
  • Side jobs. Sell unwanted items online, sign up for food delivery and more.

Compare online payday loans that accept BC disability

1 - 2 of 2
Name Product Loan Amount Loan Term Interest Rate Turnaround Time Serviced Provinces Offer Table description
Cash Money Payday Loan
$100 - $1,500
5 - 40 days
Varies by province
As little as 15 minutes with INTERAC e-Transfer
Apply for your first $300 payday loan at a $20 cost (excludes SK applicants).
Instant decision and e-Transfer funding. Income of at least $1,000/month required.
iCASH Payday Loan
$100 - $1,500
7 - 62 days
Varies by province
As little as 2 minutes with INTERAC e-Transfer
Get up to 20% in cash back once your payday loan is fully repaid. Conditions apply.
24/7 instant approval and e-Transfer funding. Income of at least $800/month required.

Where can I get an in-person payday loan on disability in BC

You also have the option to visit a physical store location in BC to get a PWD payday loan. Again, the main factor these lenders consider when it come to income, is seeing that you have the ability to repay your loan, even if that comes from BC disability assistance payments. Cash Money is an example of a payday loan lender who accepts BC disability income and has physical stores located across BC, including in Nanaimo, Victoria, Penticton, Abbotsford, Burnaby, Kelowna, Prince George and Chilliwack.

Features of online payday loans for BC disability income

  • Borrowing fee. Payday loans in BC have a maximum borrowing fee of $15 for every $100 borrowed. A BC payday lender cannot charge you more than that, and they also cannot require you to get insurance so you can take out a payday loan.
  • Loan amounts. You can borrow up to 50% of your income, up to a maximum of $1,500.
  • Loan terms. Payday loans are typically repaid in full the next time you get your BC disability payment. However, if this is your third loan in 2 months, you can pay off your loan in 3 bi-weekly payments.
  • Bad credit is considered. Payday loans have more lenient requirements, and many payday lenders can approve borrowers with poor credit.
  • Cancellation period. You have 2 business days to cancel a payday loan in BC without penalty.
  • No early repayment penalty. Repay your loan in full any time without penalty.
  • E-transfer or direct deposit. If you get an online payday loan using your BC disability, these are the two most common ways to get your money.

Before applying for an online payday loan using your BC disability income…

  • Know the true cost of a payday loan. Payday loans are extremely expensive. If you look at their borrowing fee as an annual percentage rate (APR), the rate is can easily be 300% or more.
  • Be wary of payday loan scams. Be cautious of where you share your personal and financial information online. Only apply to a licensed payday lender that follows BC payday loan regulations.
  • Make sure you’ll have enough BC disability income. Before you take out a payday loan using your BC disability income, be certain you can repay the loan by your next BC disability assistance payment, or you could be charged an NSF fee and late fee. Also check that you’ll have enough income to pay for other debts and bills once you repay your payday loan on the due date.

2. Installment loans while on disability in BC

Installment loans are typically offered by online lenders who have more lenient eligibility requirements, including some who accept BC disability assistance income. Installment loans tend to have lower loan amounts, shorter loan terms and higher interest rates compared to standard personal loans. Still, installment loans are typically much cheaper than payday loans if you’re considering different disability loans in BC.

Compare installment loans you can apply for on BC disability assistance

1 - 2 of 2
Name Product Interest Rate Loan Amount Loan Term Requirements
Loans Canada Installment Loan
8.00% - 46.96%
$500 - $50,000
4 - 60 months
Requirements: min. credit score 300
LoanConnect Installment Loan
$500 - $2,500
3 - 6 months
Requirements: min. credit score 300

Features of BC disability installment loans

Installment loans are a type of personal loan offered by online lenders. They have more lenient eligibility requirements than banks and credit union loans but come with higher interest rates.

  • BC disability is valid income. Installment loan lenders that accept BC disability assistance are not as easy to find as payday lenders, but there are options in BC.
  • Pay in installments. Pay a fixed amount according to the payment schedule in your contract.
  • Interest rates. Interest rates can range from 18% to 46.96% based on your credit score, loan provider and other personal factors.
  • Loan amounts. Installment loans are usually issued in the $500 to $10,000 range.
  • Loan terms. Term lengths often last between 6 - 60 months.
  • No prepayment penalties. You can often pay off your installment loan early without facing any fees.
  • Bad credit is okay. Online lenders can accept fair or bad credit below 660, provided that you meet other eligibility criteria.

3. Auto title loans for BC disability loans

Auto title (sometimes referred to as car title) loans are secured by your vehicle. You can typically qualify for anywhere from 25% to 50% of your car’s value. It’s also often a requirement that you own your car outright, instead of leasing or paying off a car loan. Because auto title loans are secured by your car, you can often qualify for more competitive rates even if you have bad credit. You do, however, risk losing your car if you default on the loan.

Compare auto title loans who accept disability in BC

1 - 2 of 2
Name Product Loan Interest Rate Max. Loan Amount Loan Term Requirements
Loans Canada Vehicle Title Loan
Loans Canada Vehicle Title Loan
5.4% - 29.99%
4 - 96 months
Requirements: min. income $1,800/month, 3+ months employed, min. credit score 300
A broker with the largest lender network in Canada. Fill out one application and get matched for free with lenders. Bad credit, CERB and EI borrowers are considered.
LoanConnect Vehicle Title Loan
3 - 120 months
Requirements: min. credit score 300
Fill out one application with this broker and get pre-approved by different lenders in 5 minutes.

Features of BC disability auto title loans

  • BC disability is valid income. BC has auto title loan lender options who accept BC disability income, although it is less common than payday lenders.
  • Interest rates. The interest rate on an auto title loan can range from 9% 49% based on factors like your credit score and loan provider.
  • Loan amounts. You can typically be approved for anywhere from 25% to 50% of your vehicle’s value for an auto title loan, up to $50,000.
  • Loan terms. Term lengths often last between 6 - 60 months.
  • Bad credit is okay. Auto title loan lenders are mor likely to accept fair or bad credit score borrowers, as long as you can meet other eligibility criteria.

Are there any loans for people on disability with bad credit in BC?

Yes, there are definitely loan options for BC residents on disability with bad credit. All of the options listed above – payday loans, installment loans and auto title loans – tend to have lenient eligibility requirements, which often means accepting borrowers with poor or fair credit. One thing to keep in mind if you’re applying for a bad credit loan is that you’ll be charges higher interest rates. So make sure to only apply if you know you can afford the full repayment amount.

How to apply for a loan on BC disability assistance

If you’ve narrowed down a provider and want to apply for a loan, you’ll need to follow a couple of simple steps:

  1. Decide which type of disability loan in BC you want to apply for. Compare the options above to help narrow down your choice of which BC disability loan is right for you.
  2. Fill out an application. Most lenders will provide you with a detailed application form to fill out with your personal and banking information. Click “Go to site” above to begin your application with your chosen provider today.
  3. Verify your identity. You’ll need to show your lender you are who you say you are. You can do this by showing a piece of government-issued ID like your driver’s licence or passport.
  4. Show proof of income. This is where your BC disability assistance payments will come in handy. You can also show proof of income you earn from other sources, like the Canada Child Benefit, private pension or your job.

Alternatives to getting a disability loan in BC

If you’re having trouble getting accepted for a loan on disability assistance in BC, or you think the interest rate you’ll be approved for is more than you can afford to pay, it’s worth considering other options.

  • Get someone to cosign the loan. See if you can find someone like a family member or friend with a more stable source of income willing who is willing to cosign on a loan with you. Just make sure that person understands that they could be held responsible for paying back the loan if you default.
  • Credit card cash advance. A credit card cash advance typically comes with an interest rate of around 23%, which can be much cheaper than payday loans as long as you pay off your cash advance as soon as you can.
  • Borrow from family or a friend. Although it can feel awkward asking family or friends for financial help, it can be worth a try if you’re stuck. It’s important to keep open lines of communication, decide on your loan terms ahead of time and stick to your repayments. You can read our full guide to how to borrow from and lend to your loved ones to learn more.

What is BC disability assistance?

Living with a disability can be extremely challenging, especially when you have to worry about how you’re going to pay the bills. BC disability assistance is designed to lift some of that burden from your shoulders. It helps to cover the costs of basic living expenses (like food, clothing, shelter and prescriptions) for people living with disabilities.

The amount you’re eligible to receive depends on your income as well as the size of your family. You’re still allowed to work and earn money while you’re on BC disability assistance.

How to qualify for BC disability assistance?

To apply for BC disability assistance, you’ll need to be at least 18 years old and must be able to prove financial need. You’ll also have to show you have a physical impairment that limits your ability to function in day-to-day activities. From there, you’ll need to fill out the Persons with Disabilities Designation Application on My Self Serve.

Bottom line

You should have no problems using your BC disability assistance to help you qualify for certain types of loans, even if you have bad credit. You can generally choose between payday, installment and auto title loans. Payday loans tend to be to most expensive, so explore other options first. Research your loan options carefully and compare lenders to find which one offers the best deal for you.

Frequently asked questions

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