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Get 1 hour loans with no employment verification in Canada

Here's how to get fast approval on a loan when you're currently unemployed.


Cash Money Payday Loan

Cash Money Payday Loan logo
  • Non-employment income accepted
  • Borrow from $100 - $1,500
  • APR varies by province
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If you’re unemployed but still have some form of money coming in, then you could still qualify for a loan. While most personal loan lenders require employment income, payday loan or installment loan lenders can offer loans in as little as 1 hour with no employment verification in Canada. These types of loans rely on other factors, such as your credit score or non-employment income, so you won’t need to hold a job to qualify.

Can I get a 1 hour loan with no employment verification in Canada?

Yes, you can get a loan in as little as 1 hour with no employment verification. With a payday loan, you may even be able to receive funds within 5 minutes of approval.

Whatever loan type you choose, you may need to either prove you have a good credit score (between 660 and 900), enough money in your bank (or in assets), or enough non-employment income to repay your loan on time. Some examples of non-employment income are the Canada Child Benefit (CCB), employment insurance (EI), disability benefits, investment dividends or your pension.

Option 1: 1 hour payday loans with no employment verification in Canada

The lenders below accept non-employment income as long as it’s recurring.

⚠️ 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.
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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.
Maximum borrowing costs of payday loans per province
Always refer to your contract for exact repayment amounts and costs as they may vary from our results.
Province Maximum allowable cost of borrowing
Alberta, British Columbia, New Brunswick, Ontario & PEI $15 per $100 borrowed
Manitoba, Saskatchewan & Nova Scotia $17 per $100 borrowed
Newfoundland and Labrador $14 per $100 borrowed
Northwest Territories, Nunavut & the Yukon Up to $60 per $100 borrowed
Quebec Limit of 35% annual interest rate (AIR)

What is a payday loan?

A payday loan is a small but expensive loan of up to $1,500. You typically repay it the next time you receive your income. The fastest payday lenders in Canada can offer 1 hour loans with no employment verification. You’ll just need to make sure your bank account accepts e-transfer, which is the fastest funding method.

Tips to speed up the process and get your loan in 1 hour

  • Submit your application during business hours. If it’s outside business hours, apply to a lender that does e-transfer payday loans 24/7.
  • Ensure there are no errors on your application.
  • Be prepared to connect your bank account details via online banking verification. Most lenders of instant payday loans require this for fast approvals.

What to watch out for

The biggest drawbacks with 1 hour loans with no employment verification are the cost and repayment term. Payday loans have a steep borrowing fee between $14 to $17 for every $100 borrowed, and you’ll repay it in full by your next payday.

Before you apply for 1 hour loans using your non-employment income, make sure you’ll have enough income left to pay for other expenses once you repay your loan. Otherwise, you may find the need for another loan.

Option 2: Installment loans with same day approval and funding

The lenders below aim to give approval on the same day. You may need to wait more than 1 hour to get your loan.

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

What are installment loans?

Installment loans come in larger amounts – between $$500 and $10,000 – with lower interest rates than payday loans but higher rates than traditional personal loans. Lenders will need to verify your source of income, but it often doesn’t have to be employment income. Some installment loans can accept government benefits such as CCB, disability or EI.

Installment loans may take longer than 1 hour to process but can still be much quicker than other types of loans.

Tips to speed up the process and get your loan as fast as possible

  • Submit your application in the morning on a business day.
  • Ensure there are no errors on your application.
  • Be prepared to connect your bank account details via online banking verification. Most lenders of fast personal loans require this for quick approvals.
  • Prepare your banking information in advance, such as a void cheque or your transit (branch) number, financial institution number and account number.

18 best emergency loans in Canada

Can I get a 1 hour loan with no employment verification and bad credit?

As long as you have steady non-employment income, there are 1 hour loan options available to you even if you have bad credit. You can apply and get approved for a payday loan. But treat payday loans as a last resort since they are extremely expensive.

Some installment loans also accept borrowers with bad credit and regular non-employment income, but approval really boils down to the lender. Some lenders have more flexible eligibility criteria than others. To find the right lender for your situation, you might want to search the lender networks of online brokers like Loans Canada and LoanConnect. These brokers have large networks, and you can see your lender matches for free by filling out one simple application. Compare installment loans.

How to compare unemployment loans with no job verification in Canada

Before you go ahead with your application for a no employment verification loan, 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 fees like NSF fees, late payment fees, origination fees and prepayment penalties. Steer clear of lenders that ask you to pay a fee before you get your loan.
  • Term. Find a loan that is a good length for you. It should be long enough to make monthly payments affordable and short enough to save you money on interest.
  • Repayment conditions. You should take time to find a lender that will work with you to set the best terms for your loan, including renegotiating payments if you can’t afford them.
  • Customer service. Aim to work with a reputable lender. You can check their online ratings or look at a comparison site like this one to see which ones are trusted by other customers.

How do I 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 a no employment verification loan by following these steps:

  1. 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.
  2. Compare lenders. Your next step should be to compare lenders to find the best interest rates and terms for your loan. Compare installment loans or payday loans.
  3. Fill out your application. When you find the “golden” combo, you’ll need to apply for your loan by filling in your personal details.
  4. Verify your identity. You’ll be required to prove your identity by submitting a government-issued piece of ID. You may also need to submit your bank statements.

Other loans with no employment verification

Below are other financing options to consider if you don’t want employment verification:

  • Guarantor loans. You’ll be much more eligible to apply for a no employment verification loan if you have a cosigner who has good credit. A cosigner agrees to cover your loan repayments should you default on them. Learn more about cosigned loans.
  • Borrowing from loved ones. If you’re struggling to repay your debts, it might make more sense to ask your family or friends for a no interest loan. Learn more about family loans.

FAQs about 1 hour loans with no employment verification in Canada

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