Wondering if you can get emergency loans with no job in Canada? Most lenders require employment income. But if you need money now, payday or installment loan providers offer 1-hour loans with no employment verification in Canada. These no-income loans accept different types of earnings, so you don’t need a job to apply.
Compare personal loans you can get in 1 hour with no employment verification
Apply online and get funds quickly with these fast personal loans. For auto title loans from getloanapproved.com, your vehicle must be appraised in person. But you can apply online, and the company claims it’s possible to get money the same day.
Emergency loan
Interest rate
Loan amount
Loan term
Key features
Personal Loan
32.00%
$500 – $2,500
9 - 36 months
Instant pre-approval, accepts bad credit, no credit check loan available
Compare cash advance loans you can get in 1 hour with no employment verification
These cash advance providers offer small instant loans and don’t require a credit check. You pay no interest on these cash loans, but you may pay either an optional or required monthly fee depending on the provider.
Emergency loan
Interest rate
Loan amount
Loan term
Key features
Early Pay
No interest or fees to access cash advance, fee for express funding (varies based on advance)
$20 – $250
Next pay cycle (61 days max.)
Approval is based on any regular income and zero NSF fees in your bank account
Compare payday loans you can get in 1 hour with no employment verification
Payday loans offer instant approval and fast funding, but interest rates are extremely high. As such, payday loans should be a last resort if you need money now.
⚠️ Warning: Be cautious with payday loans
High-cost payday loans are unsustainable for borrowing over a continued period of time and are expensive as a means of longer-term borrowing. View payday costs and regulations by province here. 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 of payday loans per province
Always refer to your contract for exact repayment amounts and costs.
Province
Max. cost of borrowing a $100 payday loan
Cooling off period to cancel loan
Max. penalty for returned cheque or pre-authorized debit
Alberta
$15
2 business days
$25
British Columbia
$15
2 business days
$20
Manitoba
$17
48 hours excluding Sundays and holidays
$20
New Brunswick
$15
48 hours excluding Sundays and holidays
$20
Newfoundland and Labrador
$14
2 business days
$20
Nova Scotia
$15
Next business day (2 days for online loans)
$40 (default penalty)
Ontario
$15
2 business days
$25
Prince Edward Island
$15
2 business days
N/A
Quebec
Limit of 35% AIR
N/A
N/A
Saskatchewan
$17
Next business day
$25
How to get 1-hour loans with no employment verification in Canada
Show other sources of income like the Canada Child Benefit (CCB), employment insurance (EI), disability benefits, investment dividends, social assistance or a pension.
If you own a car or home, use it as collateral (this will take longer than an hour).
Do you have no income and need money now? A payday loan is a small but expensive advance of up to $1,500 that’s possible to get without a job. You typically repay a payday loan the next time you receive income.
The fastest payday lenders in Canada offer 1-hour loans with no employment verification. You’ll just need to make sure your bank account accepts Interac e-Transfer, which is the fastest funding method.
Login to online banking to verify the financial information on your application. This is usually required for instant loans with fast approval.
What to watch out for
The biggest drawbacks of 1-hour loans with no employment verification are the cost and short repayment terms. Payday loans have a steep borrowing fee between $14 to $17 for every $100 borrowed, and you’ll repay it fully by your next payday.
Before applying for 1-hour payday loans using non-employment income, make sure you can afford to repay the loan and cover your other expenses. Otherwise, you may need another loan.
1-hour installment (personal) loans
Offered by online lenders, installment loans come with lower rates and larger amounts than payday loans (often between $500 and $10,000), but the rates are typically higher than regular personal loans. You need to provide proof of income, but non-traditional earnings are often acceptable. Some lenders accept government benefits like CCB, disability or EI.
Personal loans can be much quicker than other types of loans but might take longer than 1 hour to process. Alternatively, car title loans (like those offered by Get Loan Approved) depend on vehicle equity more than your income, which might increase your chance of approval.
Tips to speed up the process and get your loan as fast as possible
Submit your application in the morning on a business day.
Check for errors on your application.
Login to online banking to verify the financial information on your application. This is usually required for fast personal loans with quick approval.
Gather your bank information in advance, including a void cheque or direct deposit form showing your transit (branch) number, institution number and account number.
Cash advance apps give access to small loans of up to $250 with 0% interest. But you might pay a monthly subscription fee. It’s possible to get an instant cash advance in Canada with any type of income. Receive funds in as little as 1 hour, although there might an extra fee for fast transfers.
What to watch out for
Cash advance apps are still fairly new in Canada, so there aren’t many options to compare. If you need to borrow more than a few hundred dollars, you’ll have to look elsewhere. Unlike payday loans and installment loans, you might need to pay subscription fees to use cash advance apps.
Can I get 1-hour loans with no employment verification with bad credit?
If you have steady non-employment income and need money now, there are 1-hour loan options available even if you have bad credit. These include cash advance apps and payday loans.
Some installment loans have flexible eligibility criteria and accept borrowers with bad credit and non-employment income. Connect with suitable lenders using an online broker like Loans Canada and LoanConnect. Fill out a free, no-obligation application and get matched to lenders from among a large network of loan providers.
How to compare unemployment loans in Canada with no job verification
Before you apply for a loan without proof of income, compare lenders based on the following factors:
Interest rates. Low interest rates can save you thousands of dollars in interest over the course of your loan.
Fees. Keep an eye out for NSF fees, late payment fees, origination fees and prepayment penalties. Steer clear of lenders that require a fee before providing a loan.
Term. Choose a repayment period that suits your budget. It should be long enough to make monthly payments affordable but short enough to avoid paying exorbitant interest.
Repayment conditions. Find a lender that will work with you to set the best terms for your loan, including renegotiating payments if you’re struggling financially.
Customer service. Check customer ratings or comparison sites like this one to see which lenders are reputable and trustworthy.
How to get a loan without a job
If you’re in between jobs but have a strong record of repaying your loans on time, you can apply for unemployed loans in Canada. Follow these steps to learn how to get a loan without a job:
Check your credit score. If you want to figure out if you qualify, you’ll need to check your credit score. The higher your credit score, the higher your chances of getting approved.
Compare lenders. Next, compare lenders that offer no-income loans in Canada to find the best interest rates and terms for you. Compare installment loans and payday loans.
Fill out your application. When you find the right combo, apply with your personal details.
Verify your identity. You’ll be required to prove your identity by submitting government-issued ID. You may also need to submit your bank statements.
Will loans become more affordable in 2024?
The Canadian federal government recently proposed lowering the criminal interest rate from 47% APR to 35% APR in 2024 to combat predatory lending practices. This would limit the maximum allowable APR for loans to 35%. Bad credit borrowers are particularly vulnerable to entering a cycle of debt by getting high interest loans they cannot repay.
If the maximum rate lowers, borrowers could pay less interest. But it could also encourage lenders to become more strict, making it harder to get a personal loan. Time will tell if the new rate protects borrowers from exploitation or prevents them from getting much needed funds.
Other loans with no employment verification
Below are other financing options to consider if you want a loan without of proof of income:
Credit card cash advance. To get funds in less than 1 hour, visit an ATM to withdraw cash from your credit card. Be aware that credit card cash advances are costly. You could pay over 20% interest of the amount you borrow plus a fee. Interest accrues the moment you withdraw.
Car title loans. Use your car as collateral to get a loan with no employment verification. Your car must be paid off, and if you don’t repay the loan, the lender can keep your vehicle. This loan will take more than 1 hour.
Pawn shop loans. Use an asset as collateral to borrow 20-60% of its value. If you don’t repay the loan, the lender keeps your asset. You can get this loan in less than 1 hour.
Can I get no-income loans in Canada?
It’s possible to get a loan with no income in Canada if you get a credit card cash advance or pawn shop loan. However, it’s not recommend that you get a loan without some form of income to repay it, as this could further strain your financial situation.
FAQs about 1-hour loans with no employment verification in Canada
You can request a free copy of your credit report once a year from Equifax or TransUnion. View your credit score online or get a copy of the report mailed to you.
Yes, some lenders across Canada offer loans to people on unemployment. The most common type of unemployment income these lenders accept is employment insurance (EI). If you're currently receiving EI and are searching for a loan, check lenders' income requirements before applying, or compare your options above.
If you have no employment income and need money now, payday loans are likely your fastest option. Some payday lenders in Canada accept alternative forms of employment income like EI. Turnaround times are as little as 5 minutes when you apply online.
Payday loans are very expensive, so make you can afford to repay your loan before you apply.
It depends on your credit score and whether your loan is secured with collateral. Having a cosigner with stable income and a strong credit score can increase the amount you're eligible to borrow. Payday loans are the most common type of 1-hour loan with no employment verification in Canada, where you can borrow up to $1,500.
Yes, but you'll still have to show that you're earning some form of income. This could mean receiving welfare payments, pension, being self-employed or receiving a regular deposit into your account from investments.
Most lenders will need to verify you have a source of income to repay your loan. Loans that don't require proof of income are credit card cash advances and pawn shop loans.
Leanne Escobal is a publisher for Finder. She has over 11 years of experience in financial 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.
Get a $1,500 loan as either an installment or payday loan. Learn about the pros and cons of each, plus compare lenders and apply today.
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Tips for getting 1-hour payday loans
Tips for getting 1-hour payday loans
What to watch out for
The Canadian federal government recently proposed lowering the criminal interest rate from 47% APR to 35% APR in 2024 to combat predatory lending practices. This would limit the maximum allowable APR for loans to 35%. Bad credit borrowers are particularly vulnerable to entering a cycle of debt by getting high interest loans they cannot repay.