Bree Early Pay
- Access up to $250
- No interest or required fees
- No credit check required
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.
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 | 8.00% - 46.96% | $500 – $50,000 | 4 - 60 months | Instant pre-approval, accepts bad credit | |
Car Title Loan | 9.95% - 29.00% | $1,000 – $50,000 | 12 - 72 months | No job or income requirements but you must use your paid off car (10 years old or newer) as collateral | |
Personal Loan | 32.00% | $500 – $2,500 | 9 - 36 months | Instant pre-approval, accepts bad credit, no credit check loan available |
These cash advance providers offer small instant loans and don’t require a credit check. The upside is that you won’t be charged any interest or fees to access these cash loans. But you might have to pay an optional fee for premium features like expres funding.
Emergency loan | Interest rate | Loan amount | Loan term | Key features | |
---|---|---|---|---|---|
Early Pay | 0% | $20 – $250 | Next pay cycle (61 days max.) | Approval is based on any regular income and zero NSF fees in your bank account | |
Credit Line | 0% | $30 – $150 | 30 days, extendable | Instant approval, no credit check, funds in 30 minutes with a monthly subscription |
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.
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 |
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.
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.
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.
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.
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.
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.
Before you apply for a loan without proof of income, compare lenders based on the following factors:
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:
Below are other financing options to consider if you want a loan without of proof of income:
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.
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